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Five Safety Features That Will Decrease Your Car Insurance Prices

safe driver

License: Royalty Free or iStock source: Image courtesy of the IRC

You have a number of tools at your disposal to help you reduce your car insurance prices. Most of them are slow to impact your auto insurance rates, like improving your credit or demonstrating better safe driver behavior. Installing car safety devices is simple and has an immediate effect on your premium as long as you choose devices that your provider has approved. Here are five of the best safety devices for vehicle-based discounts on your premium – and added peace of mind:

1. Airbags and seatbelts – assuming your car comes with these from the factory, you should at least be offered a discount. The level of technical specifications required to qualify varies with each individual insurer. Some will lower your car insurance rates if you have newer automated seatbelts, while others have levels of discounts for passenger side, side impact, and other airbags. Updating these devices might qualify you for better discounts on top of increasing the safety performance of your car.

2. Anti-theft tools and devices – again, whether these come standard or you have them installed, anti-theft devices (like an alarm or navigation service that gives the company access to your vehicle) may make you eligible for discounts, some even as high as 10-25 percent off your total premium. Anything that makes your car less likely to be targeted for theft makes you a less risky insured.

Lexus_instrument_LCD_and_Driver_Monitoring_System

Lexus instrument LCD and Driver Monitoring System. Image credit, Creative Commons, C Ling Fan, from Flickr.

3. Electronic stability control/traction control – most new vehicles now come equipped with some form of stability control. Insurance companies offer savings for drivers whose cars feature the technology that utilizes sensors, microprocessors, and specific controls in the car to prevent skidding and spinning out because collisions involving cars with this device have claims and losses that are upwards of 15 percent lower on average than those without (according to the Insurance Research Council.)

4. Collision monitoring and blind spot alerts – any or each of these car safety devices reduces the chances of a range of different collisions and accidents, and thus of claims as a result of those collisions. Many new vehicles come standard with one or both of these accident-avoidance systems. If you are considering having one installed you should check with your car insurance provider, or with those from which you’re requesting a quote if you want to get a new provider, and be sure they offer a discount. Both of these features come with a learning curve before they make driving safer instead of just being distracting. Once you are comfortable with the technology, either of these features significantly decreases the incidence of many common collisions.

5. Telematic devices – while these are not technically considered by many to be a safety device, these devices monitor how and how much you drive, and in so doing, can translate into saving you money. If these devices prove that you are a safe or low-mileage driver, you should be eligible for additional discounts from your insurer. They may also have an indirect effect in shaping the driving behavior of people as they want to drive in a way that to satisfies the device’s “safe driving” parameters. Beyond measuring miles driven, they also track things like sudden breaking and rapid acceleration. Reducing these driving habits makes a person a safer driver, and can entitle them to savings with most car insurance providers. (There are even some insurers who offer these devices and encourage parents to use them as a way of monitoring the driving habits of teen drivers.)

If you are concerned with car insurance prices, you could do a lot worse than installing a few car safety devices that make your driving experience safer and pay for themselves over time through reductions to your monthly car insurance premium. You will also be adding an extra layer of safety protection for you and your entire family

Jeffery Davidson

Jeffery Davidson

Jeffrey Davidson is a writer and consultant with more than 25 years of experience working for insurance companies and agencies. He currently writes on car insurance and related topics for Reply!. You can find his accompanying article on how to review and compare insurance options.

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