Smart car technology has begun to bring down the cost of insurance. According to a survey by The Observer, motor insurance premiums can vary by almost a third depending on whether the vehicle has been fitted with an automatic braking system. But there is still much work to be done before we are able to drive our cars without worrying about their safety. Consequently, insurance claims have reduced on vehicles fitted with it, and insurers are keen to offer discounts. As we reported last month, Swiss re and Here predict that smart technology will reduce global motor insurance premiums by $20bn over the next five years.
Smart car technology has begun to bring down the cost of insurance. According to a survey by The Observer, motor insurance premiums can vary by almost a third depending on whether the vehicle has been fitted with an automatic braking system. But there is still much work to be done before we are able to drive our cars without worrying about their safety. As we reported last month, Swiss re and Here predict that smart technology will reduce global motor insurance premiums by $20bn over the next five years.