(951) 403-3533James@friendlyguyinsurance.com

ADAS and the Impact on Insurance

What is ADAS- Advanced Driver Assistance Systems

ADAS technology creates a circle of safety around the vehicle. Many safety features come from the front-facing camera in the windshield, including lane departure warning and traffic sign recognition.

Why are these systems being used in vehicles? 

There are 1.2 million Traffic fatalities globally on an annual basis by far the largest contributor is human error.  90% adoption of ADAS systems could reduce fatalities by 67%.  In the United States alone it is projected that with 90% adoption of ADAS in vehicles 33,000 lives would be saved and in China this number rises to 275,000 lives per year.

Currently 6% of the windshields being replaced by Safelite AutoGlass have some type of ADAS feature and this number is expected to double each year in the foreseeable future.   The government is pushing for these additional safety features as well as consumer demand for these options.

How does this impact the consumer when a windshield is replaced? 

With some of these safety features the cost of the windshield is more expensive as well as a process called “recalibration” is required after the replacement is performed to ensure that the safety features are working properly.

Below are some cash price examples of windshield costs with and without the safety features requiring recalibration.  Please keep in mind that these are examples and market pricing may vary:

2014 Ford Taurus

A windshield for a vehicle without ADAS options range from $259.00 and  $699 for a Windshield on a vehicle with ADAS options.

2015-2017 Acura MDX

A windshield for a vehicle without ADAS options range from $359.00 and  $999.95 for a Windshields on a vehicle with ADAS options.

These prices do not include recalibration charges. Safelite AutoGlass charges $300 but they have seen dealer prices in excess of $2000.

Protect Your Family And Assets for Just A Few Dollars A Day

When planning on how to better protect your family and assets, it is imperative to consider your risks. Other states are not this way, but in California the courts have access to assets and income to appease judgments. An excellent way to ensure your protection is with an umbrella policy.

So, what is umbrella insurance and how can it better protect you? Umbrella insurance is additional liability insurance that will protect you financially, your assets, and your family if you are sued for a large amount of money. Auto and home policies have limits in terms of the dollar amount they will cover; these limits are agreed upon at the time you set and sign the policy and can often help to determine the price.

But limits are limits, and by definition carriers will not exceed them in their payouts. If you want fiscal protection against a large lawsuit, umbrella insurance is the way to go.

As you’ve likely gleaned by now, the term “umbrella” does not literally refer to the hand-held instrument that protects you from the rain. It’s a metaphor, referring to how the policy shields holders more broadly than does primary coverage.

Here are some examples where umbrella insurance might be in your best interest.

•Ever plan to host guests? If people are coming in and out of your home, there is a risk of someone slipping and/or falling and injuring himself. This is one of the major causes for big homeowners insurance claims.

•Use your car commuting to work, going to the store, or even just for a cruise down to the shore? The more time you spend in your vehicles the better your chance of a catastrophic accident.

In addition to covering you for accidents on your property or car accidents you are found to be at fault for, an umbrella policy can also protect your dependent children (for example, if your daughter causes a car accident), any accidents caused by you or your dependent children while operating a watercraft, accidents that occur on a rental property you own, and personal injury lawsuits arising from slander, libel, defamation of character, false arrest, detention or imprisonment, abuse of process, malicious prosecution, shock/mental anguish and more.

Umbrella coverage may seem like an extremely cautious step — insurance on top of insurance! For a few extra dollars each month, you can protect yourself from a catastrophic loss. Most policies cost only $20 – $30 a month, which is likely a small price to pay to further protect your most valuable material assets.