
There’s a good reason why insurance premiums are rising like your author’s blood pressure while scanning his Twitter feed, and it’s not just because providers really, really like making money. (They do, of course.) Average repair bills in the U.S. rose by about a third in the past three years, mainly due to the proliferation of safety technology, and insurance premiums followed. Country-wide, premiums rose 7.9 percent in 2017.
Cameras, ultrasonic sensors, and radar sensors tend to be located in areas of the vehicle most prone to damage, even in even low-speed collisions, and sturdy, exposed 5 mph bumpers are unfortunately a thing of the past. Many would prefer to see all automakers design their cars with repairs in mind, thus lowering future costs and premiums.
As an example of the headache of repairing technology-festooned vehicles, behold the average front-corner collision repair cost of one rare Korean sedan. (Read More…)
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