Don’t expect your car’s safety tech to reduce insurance costs.

Insufficient data related to the various systems’ performance and availability is the cause

Philip Floyd, senior engineering technician for the Insurance Institute for Highway Safety (IIHS), demonstrates a pedestrian crash prevention test on a 2019 Subaru Forester at the IIHS-HLDI Vehicle Research Center in Ruckersville, Virginia, U.S., July 22, 2019. Picture taken July 22, 2019. REUTERS/Amanda Voisard.

RUCKERSVILLE, Va. (Reuters) – Automakers are accelerating the rollout of technology designed to avoid crashes, but insurance companies are waving a caution flag at consumers eyeing discounts for buying cars with suites of accident avoidance technologies. 

The global market for such systems is expected to reach more than $67 billion by 2025, growing more than 10% each year. A group of 20 carmakers has pledged to outfit almost every new vehicle with forward collision warning and city-speed automatic emergency braking by 2020.

READ ME: https://www.autoblog.com/2019/07/28/safety-tech-insurance/?guccounter=1