Technology that prevents rear-end collisions can reduce the occurrence of accidents or at least mitigate their severity. This often translates to lesser damages and reduced insurance claims. A recent study showed that rear-end collisions constitute about 29% of all road accidents. While this type of collision does not often result in serious physical injuries, damages to the vehicles can be costly to repair. For example, a damaged bumper will cost about $350 to repair for a minor accident and go up to as high as $10,000, if the vehicle was involved in a severe crash.
The good news is car manufacturers are pushing out new innovative technology to help prevent rear-end collisions. By preventing these collisions or simply reducing the severity when they occur, these technology solutions help reduce insurance claims.
Rear-end collisions at low speeds have been reported to be the most common type of accidents. City Safety was designed to tackle this problem. First introduced in 2008, City Safety is an automatic emergency braking (AEB) technology made by Volvo. It is a groundbreaking technology as the first auto brake system designed specifically to avoid low-speed collisions when driving in stop-and-go traffic. The system becomes active when the car is moving at a speed that ranges between 2-18 mph. It uses a laser that is mounted on the front bumper of the car, which measures the distance between the front of the car and any object in front of it. If the car approaches an object within a certain range, City Safety automatically applies the brake. This stops the car, thus preventing a possible collision. It works perfectly both during the day and at night; however, its performance can be affected by some weather conditions such as fog or snow. These days, many other vehicle manufacturers are installing similar emergency braking systems.
While this technology may be unable to completely eradicate rear-end collisions, it reduces the severity of the accident if it happens. This, in turn, reduces the damage to the vehicles and saves both the car owners and insurance companies some money.
Another emergency braking system detects an imminent back-end collision and automatically applies the brakes to either avoid it completely or lessen the impact. It uses cameras or sensors mounted on the rear bumper of the car. The software constantly retrieves data from either the sensors or cameras and uses it to calculate the probability of a crash occurring. If the results fall within some pre-determined parameters, the automatic braking system is activated.
Between 2010 and 2017, insurance claims for rear collisions for amounts under $2,000 represented about 17% of overall claims, resulting in a total of $8 billion paid for damages. Rear automatic braking systems can reduce these claims by at least 28%.
Buying a car with built-in technology to prevent the occurrence of rear and front-end collisions will save you both time and money. You won’t have to file insurance claims very often, and when you do, it will be for smaller amounts. This will prevent insurance companies from increasing your premium. If you are looking for a reliable insurer for your car in Whitestone, Flushing, Bayside, Little Neck, and surrounding cities of New York, you can check us out at Abatelli. We will help you find a suitable insurer for your car in no time. Contact us today!
Anytime your car is involved in an accident, besides the scratches and dents, you also need to think about the effect of the accident on your auto collision insurance coverage.
Although collision insurance is not mandatory, if you’re buying or leasing a car, you will be required by your lender to purchase both collision and comprehensive coverage. However, if the car is paid off, it becomes your decision if you need collision coverage or not.
Here are a few things you need to consider while deciding whether to get auto collision insurance coverage.
Collision coverage costs a few hundred dollars every year, but it covers the cost of repairing or replacing your car in the event of an accident. However, collision coverage may be significantly more expensive if you have a history of accidents on your driving record. So, your decision could depend on how much you’re spending on the coverage and whether that amount fits into your budget.
Can you afford to repair or replace your car without an auto collision insurance coverage? If you’re not financially buoyant to take on major repairs out of pocket, you probably need to maintain your coverage. Also, a car-specific insurance bundled with collision coverage could save you on the major repair costs associated with luxury vehicles. Additionally, if the impact of staying without a car is enormous and will significantly affect your daily life, you would probably benefit from collision insurance.
Car insurance with high risk may require a collision coverage. If you live in a high-risk location with a high propensity for collision or accident, or if you are a high-risk individual of a certain age, you may need to have collision insurance coverage.
Research your costs, weigh your options and choose a policy with a deductible that fits your budget. If you plan to use your collision coverage for only major damages, you may want to consider setting the deductible higher, that will help lower the cost.
If your car is paid off and you are aware of the potential disruption to your life if you were to be involved in a car accident, then it is essential to have the right collision insurance coverage. For all of your auto insurance needs, visit Abatelli Group, Inc. We serve Whitestone, Flushing, Bayside, Little Neck, and surrounding cities of New York with reliable coverage. We are ready to assist you with all of your insurance needs.