In what is excellent news for owners of certain new cars, a leading group of UK motor insurance providers has announced premium reductions for vehicle with emergency braking technology.
The Association of British Insurers (ABI) has confirmed that cars featuring Autonomous Emergency Braking (AEB) systems will now attract reduced group ratings meaning cheaper insurance for their owners. The announcement comes after prolonged testing by Thatcham at their research centre in Berkshire. The company says there findings agree with an institute for highway safety in the United States that found owners of Volvos fitted with AEB made 25% fewer claims than owners of equivalent vehicles without the technology.
James Dalton, speaking on behalf of the ABI, said “Thanks to the research conducted for the UK insurers by Thatcham, the insurance group rating could now be slashed by up to five groups for cars fitted with AEB. The result will be more people choosing safer cars, which means more lives saved, fewer injuries and of course fewer insurance claims. We are delighted that we now have a process for passing this saving on to motorists to help incentivise the uptake of this impressive new safety technology.”
At the moment certain models of Fords and Volkswagens as well as Volvos have the technology fitted in the UK and owners of the vehicles will be in for a pleasant surprise when they get a car insurance quote. However, the new technology promises to be a money saver for all motorists as experts predict AEB could reduce the number of whiplash claims by up to 160,000.