DeAnn Owens
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Advanced Safety Features Help You Save On Insurance

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rear backup camera system

Wouldn’t it be great if you could save lives on the road while also saving money? Well, if your car has advanced driver-assistance systems, you could lower your insurance premiums while making the road a safer place.

Most automakers offer advanced safety technology on their vehicles, either as an optional add-on or as a standard feature. Studies have shown that these crash avoidance technologies work well at helping reduce and minimize crashes and accidents. But often, opting for these technologies can add to the sticker price of a new car.

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Driver-assist technologies include a range of systems from blind-spot monitoring, rear cross traffic alert, forward attention warnings, and lane monitoring systems.

According to the Insurance Institute for Highway Safety, front-to-rear crashes go down 27 percent in vehicles equipped with forward collision warning. When you add automatic braking, that decreases the chances of front-to-rear crashes by 50 percent. Crashes caused by lane changes decreased by 14 percent with blind spot detection systems, while rear crashes were reduced by 17 percent thanks to backup cameras.

Insurance companies weigh the value of advanced safety technology. According to Business Insider, this can result in approximate savings of 10 percent on car insurance premiums.

However, this is where the savings end; due to the need for specialized equipment, vehicles equipped with this technology also require specialized maintenance.

“Those fancy sensors and systems aren’t cheap to fix. Since many of a modern car’s ADAS sensors are located in easily damaged places like bumpers, wing mirrors, and windshields, repairing even a mere fender-bender or a chipped windshield might not necessarily as simple or cheap fixes as it once was,” reports Business Insider’s Kristen Lee.

Learn More: About the technology in the 2020 Nissan TITAN

While a car with advanced driver-assist technologies may cost more to purchase and repair, it may be worth it for the added peace of mind and slight dip in insurance costs.