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The state of California has suffered some of the most expensive and destructive wildfires in history. Insured losses from the fires during November 2018 cost about 18 billion dollars. The Camp Fires, dubbed as the most destructive fire in California’s history, killed 85 people, and destroyed 18,793 structures. As these massive wildfires become a yearly routine in California, newer technologies are emerging, which, if implemented, could go a long way in reducing the impact of wildfires. Some of them include.
Research by Zimlon revealed that the state of Montana had the highest percentage of alcohol-related fatalities at 43%. In 2018, a total of 10,511 deaths were reported from drunk driving crashes in the United States. Of these, 29% of deaths were due to car crashes. One person is killed every 48 minutes from alcohol-impaired driving fatalities in the U.S. It is illegal to drive in all states of the U.S. with a BAC (Blood Alcohol Concentration) level of 0.8 g/dL or higher.
According to the National Highway Traffic Safety Administration (NHTSA), vehicle-to-vehicle (V2V) communication can wirelessly exchange information about the speed and position of surrounding vehicles and can help prevent accidents, ease traffic congestion and improve the environment. For this technology to work, the automobile industry has to come together, making sure that all vehicles on the road communicate with each other. In such a scenario, theoretically, insurance rates should decrease for cars of all categories. According to the NHTSA, there were about 615,000 motor vehicle crashes that could have been prevented with the use of V2V technology.
A clean driving record usually results in lower insurance rates. When a driver is ticketed for not wearing a seatbelt, especially in a state that considers not wearing seatbelts to be a moving violation, they may see a rise in their insurance rates. According to The National Highway Traffic Safety Administration(NHTSA) usage rate of seatbelts was a high 89.6% in 2018, saving an estimated 14,955 lives in 2017. In the same year, 37,133 Americans died in car crashes, 47% of the occupants killed were unrestrained.
According to the National Highway Traffic Safety Administration (NHTSA), a modern car has approximately 100 million electronic control units. With the rapid advancements in technologies, today’s cars are, in a sense, behaving like personal computers, considering the amount of personal data stored on them. A simple act, such as selling your car to a new person, could result in your personal data getting compromised. However, there has only been one instance of a cybersecurity-related recall in 2015, which affected about 1.4 million vehicles.
Electric Vehicles, in spite of having higher safety features, cost almost $400 more on car insurance than their gasoline variant. With companies like Ford, known for their petrol-fueled muscle cars, now diverging into the electric car market, it is clear that companies see electric vehicles as the way of the future. However, high insurance costs could be a factor in slowing their growth rates in the market. Ford recently introduced its first mass-market all-electric vehicle, the Ford Mustang Mach-E electric vehicle. Though the vehicle was initially supposed to be Mustang-inspired, the company decided to name it as a Mustang to ...
According to the National Highway Traffic Safety Association (NHTSA), there are about 40,000 fatal crashes in the U.S. every year. Over 37,133 in 2017 alone. The graph shows the list of cars in the United States with the highest probability of being involved in accidents. A lot of factors are taken into account by insurance providers before quoting a car insurance rate to a customer. Generally, the more expensive a car is, the higher the cost of car insurance. Some car models have a higher probability of crashing than others, resulting in insurance companies quoting steeper insurance ...
In spite of Tesla cars having a high safety ranking from the National Highway Traffic Safety Association(NHTSA), private insurance companies have been consistently charging high car insurance rates for Tesla customers, mainly due to the high cost of replacing parts. Zimlon looks at the cost of Body Parts in a Tesla Model S and their prices on eBay. Tesla’s Sunroof was found to be the most expensive part at $4,500 followed by the roof, priced at $37,999.99.
Even though Tesla Motors claims to have a much higher safety standard for their vehicles compared to other car manufacturers, insurance firms have consistently quoted Tesla car owners a higher insurance premium. Insurance firms have sighted the high cost of replacement for Tesla car parts as the reason for the high premium. Zimlon looks at some of the most expensive accessories available on the Tesla shop for both Model S and Model X.
A lot of factors are taken into account by insurance providers before quoting a car insurance rate to a customer. Generally, the more expensive a car is, the higher the car insurance cost. Some car models have a higher probability of being stolen, resulting in insurance companies quoting higher insurance rates for these particular car models. According to the National Highway Traffic Safety Association (NHTSA), a motor vehicle is stolen every 40.9 seconds in the United States. The cost of stolen vehicles amounted to $6 billion in 2017 alone. Moreover, 75% of the motor vehicles stolen were automobiles. The ...