California residents want to know if the expensive safety features they consider before buying a car are actually worth the money. The short answer is that they are. However, studies differ as to the amount of difference that these safety features make.
Safety systems are found in many cars now
Advanced driver-assistance systems, or ADAS, are found in more cars these days. The market grows at a 12% clip every year, and the total market size is expected to reach $83 billion by 2030. You will end up paying for the extra safety that you get from these systems, but they will reduce your risk of a crash. LexisNexis Risk Solutions estimates that ADAS technology reduces bodily injury claims by 27% and property damage claims by 19%. Another estimate says that if every car had these safety features, the total value of claims would be reduced by $264 billion.
This technology can be costly
There are some downsides to this technology. First, some of the warning systems in the car can be overactive and activate prematurely. As a result, some drivers may deactivate these systems. Second, ADAS can increase the cost of your repair bill if you are in an accident. Even if there is no accident, you may be on the hook for a huge repair tab if the complicated sensors break because they are very expensive to replace. Nonetheless, many people find it worth it to pay extra for peace of mind on the road.
If you have been in a car accident, you may be entitled to financial compensation for your injuries. You can file a claim with the insurance company, but it is not an easy process to navigate. You may want to seek the help of an auto accident attorney to deal with the insurance company and document your claim. Negotiating with the insurance company is not for the faint of heart, and this is where your lawyer may be helpful.