New Technologies To Save You Money

By Author: Marcus Stalder
Total Articles: 491
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The Black Box, OnStar

Computer chips in your car are a big facet on this list. The Black Box is a small device that reports back to the insurance provider on driving habits (how fast you go, how quickly you stop, etc.) and mileage. For this reason, safe drivers can get rewarded with lower rates, because their insurers see the evidence.

OnStar, as well as Black Box, enables you to get Pay As You Drive insurance - which charges monthly fees based on the exact number of miles you drive. Many people save money this way.

Modern Crash Safety

The crash safety standards of vehicles these days are incredibly high. You have seatbelts that lock smartly based on the area and force of impact, crumple zones that absorb the impact, improved bumpers, and oodles of well-placed airbags. These things save more than lives - they save insurance money. That's why newer vehicles are often more affordable to insure than older ones.

Airbag Advances

In the short time that airbags have been around, they've made a huge impact (or minimized impacts really). Now, innovative airbag designs promise to save even more ...
... lives. Passenger-side airbags have become standard, and side airbags are becoming more and more common. Most recently, General Motors introduced the Dual-Depth Passenger Airbag, which inflates differently depending on seat positions. These will eliminate plenty of would-have-been hospital bills, which entices the insurance industry to back them with discounts.

Blind Spot Cameras

When changing lanes or turning, it's hard to see behind you into the next lane. Not everybody can or will crane their head to check the blind spot, so sometimes vehicles slam right into vehicles in the next lane.

There's no need for this at all, and blind spot cameras have proved to prevent many collisions. Statistics show that these cameras spot accidents, so you can get a discount for installing one.

Reverse Sensing Equipment

Whether it's a camera or a laser that ends up in a beeping noise in your vehicle, many newer cars can tell you when you are backing too close to something. Millions of dollars in damages from simply backing up are avoidable each year. If you have Collision coverage, some form of reverse sensing equipment will surely save you a bundle.

Remote Tracking Devises

Modern computer chips or lo-jack will help police locate stolen vehicles and recover them.

Security Alarms

Prevent your car from being stolen and the insurer from paying to replace it. You'll get cheaper premiums.

Traction Control

The onboard computer can coordinate the braking system to prevent slippage and crashes.

Navigation Systems - GPS

Looking at a map while driving is a recipe for disaster. Being focused on finding a road sign or a landmark can distract you from the situation on the road. Avoid collision by getting a GPS system. The convenience is worth it, and so is thecar insurance discount.

The Internet - Instant Quotes

Finding and comparing offers on car insurance is quick and easy in the age of the Internet. The more offers you see, the more you'll save on car insurance.