Statistics Canada recently reported a reduction of thousands of Ontario car insurance related accidents. Improved car and auto vehicle design and accident-avoidance equipment and not improved driver habits is cited as the reason for the reduction in car insurance claims.
Online PR News – 08-November-2012 – Toronto, Ontario – Statistics Canada reported a reduction of thousands of car insurance related accidents and this trend is in place in Ontario. Improved car and auto vehicle design and accident-avoidance equipment and not improved driver habits is cited as the reason for the reduction in car insurance claims. No matter how this has come to pass, far fewer car accidents insurance claims are a good thing, no question. So why hasn’t this led to lower or cheaper Ontario car insurance?
Advancements in car technology to reduce accidents and thus related car insurance claims have come a long way. What once was “safety equipment” such "high-tech" features as four-way emergency flashers and a driver’s side door mirror, now give way to some serious technology.
Accident-avoidance technology to reduce auto insurance claims and improve driver safety may include a combination of:
Blind-spot warning systems and automatic braking, usually some kind of electronic detection device mounted on the sides of the car that sends out either electronic electromagnetic waves or takes computer-processed images with a digital camera and analyzes them. Although not offered on every car or auto vehicle as standard equipment, it has proven to reduce car insurance clams and accidents in Ontario.
Electronic Stability Control (ESC) technology improves evasive maneuver steering and reduces rollovers of the car. ESC of a car in Ontario can activate one or more individual brakes, depending on which wheel can increase driving safety the most, and control the throttle to lessen the speed at which the car is traveling. This German advancement has significantly improved driver safety and thus has reduced the number of auto insurance claims in Ontario.
Black box technologies (Telematics), a broad range of technology that combines mobile/broadband telecommunications and computing that produces raw car auto vehicle data, which is overlaid with GIS map data like road type and speed limits. Although no real evidence on the improvement of driver safety, statistics have shown that telematics have reduced speeds and aggressive driving – and are especially popular for lowering car insurance rates. Ontario expects to see this. Read more here from a previous article.
Event data recorders (EDRs) that developed out of vehicle air bag technology, is a device installed in some car and automobiles to record information related to car crashes or accidents, assisting in reporting auto insurance claims.
Flying in the face of this argument is the simple fact that the average age of a an automobile or car in Ontario, on the road has increased, with a large portion of Ontario cars over 10 years of age, much of the accident-avoidance technology is currently not present in the majority of these older cars, affecting Ontario car insurance rates.
The impact of these advances on car and auto insurance claims is and will continue to be significant and should lead to overall reduced Ontario car insurance rates in time.