Industry Issues | Cost Drivers

Auto Safety and Consumer Costs

Road Safety Alert: New Trends Threaten Motorists, Pedestrians, and Insurance Consumers

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Auto safety is a top concern for auto insurers. New technologies are making today’s cars dramatically safer for drivers and passengers, but we are seeing some of the largest increases in accidents and fatalities on the roads in 50 years. According to the National Highway Traffic Safety Administration, traffic deaths rose 10.4 percent in the first half of 2016. Roadway deaths have been steadily increasing since 2014, and distracted driving is thought to be one of the leading causes for the rise in vehicle accidents nationwide.

Although safety is the first concern, the increase in accident frequency and severity comes at a time when repair, labor, medical and other costs associated with accidents also are rising—which could lead to increased premiums.

PCI is working with policymakers, industry leaders, and consumers to promote driver safety and enact highway safety laws to protect motorists and pedestrians and keep insurance costs stable. Follow us on Twitter @PCIAA and #HeadsUp for the latest information on auto accident factors contributing to rising costs to consumers.

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