SGIC has announced today it now recognises vehicles featuring Autonomous Emergency Braking (AEB) as a positive rating factor in a customer’s car insurance premium.
SGIC Head of Research Robert McDonald said depending on the system, vehicles with AEB fitted as standard equipment will have a saving of up to 15 per cent applied to their car insurance premium on their new policy or next renewal.
“We are pleased that our customers with AEB can now not only experience the safety benefits of the technology but also a saving as well.
“Several vehicle manufacturers now offer AEB, often as part of an options package. SGIC only recognises standard fit AEB vehicles, and we hope to offer an incentive to vehicle manufacturers to include this technology as standard rather than an option. This could help reduce the risk of rear-end collisions on our roads and have a positive effect for customers,” said Mr McDonald.
AEB can be known as ‘city brake’ or ‘collision avoidance’ technology. It is a relatively new technology but is growing in popularity. Using laser, radar or camera technology, or a combination of all three, an AEB system automatically applies brake pressure to potentially prevent a crash at low speeds (up to 60km/h).
Some systems can also reduce the collision impact at higher speeds (over 100km/h). This helps to either avoid a collision or reduce the severity.
SGIC is a member of the international research group, RCAR that has been helping guide the development of AEB technology for a number of years as a way to help reduce collisions and the cost of insurance premiums.
“We believe AEB is a solid advance in driver safety given that it actively helps prevent collisions on our roads and minimise risk to drivers.
“Our data shows that around 80 per cent of collisions on our roads are at low speeds so AEB is an important step to help keep drivers safer.
“As technology develops, there is the potential to provide more significant safety benefits to customers travelling at higher speeds and even while reversing.” said Mr McDonald.
Examples of the current vehicles SGIC is recognising are:
For more information, please visit www.iagresearch.com.au/aeb
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