Auto technology is moving ahead faster than a Texas speed limit. Automatic braking prior to an accident, blind-spot warnings in traffic, rear-view cameras and a host of other options now increase the safety of new models.
But will these new devices lead to discounts by auto insurers? No, according to a study by The Zebra, a car insurance comparison website. Drivers who buy the high-tech stuff actually save less than 1% on their insurance premiums.
Technology has helped cut down on wrecks, and cars are better-made to protect its occupants.
After all, if there are fewer wrecks and fewer injuries, we should all be saving money and getting better value for our insurance.
Car insurance rates haven't been dropping at all. For many people, rates have actually increased.
Critics claim they are pricing these policies higher to take advantage of consumers. Insurers strongly deny these accusations.
Some people have a false sense of security behind the wheel and engage in dangerous activities while driving (for example, texting while driving).
The added technology adds to the price tag when cars need to be fixed. That's driving up costs.
These drivers may not be familiar with the area and rely totally on their screen to guide them. This has led to an increase in crashes.
The more time we spend on the road, the more likely we are to be involved in an accident.
Insurers expect the rates to drop eventually, but right now they claim the increases are necessary.
To get the best rate for your particular car, avoid accidents and speeding tickets. The safer you prove to be, the lower your insurance rates will be.
