Does Blind Spot Monitoring Lower Car Insurance?

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When looking for vehicle insurance, a smart insurance shopper will pay attention to what resources they can use to help lower their insurance costs. With all the new safety technology that the new cars are coming with many think this may help to reduce insurance costs. One of the latest safety features is blind spot monitoring. As yet, the insurance companies in Canada are not putting any specific emphasis on this one specific safety feature.

What is Blind Spot Detection Systems?

The blind spots are those where vision may be impaired in the areas behind the vehicle and on either side. These are areas that are not easily seen with the use of the mirrors. The blind spot detection systems rely on technology that informs the driver of any vehicles that may be in the blind spots.

The technology is based on radar sensors that are strategically mounted on the rear bumpers of the vehicle. These are linked in with the computer system of the vehicle. The computer system can use the data provided by the sensors to determine the speed the vehicles in the blind spots are traveling at. It can then give an alert to the driver of the vehicle relying on the blind spot system.

Why Aren’t Insurance Companies Recognizing Blind Spot Safety Features?

blind spot mirror

Insurance companies are always interested in any type of feature that a vehicle possesses that may save them money on claims. But, these companies rely on facts and statistics. They want to see evidence that blind spot monitoring is going to help to prevent accidents. The evidence they rely on is statistics. It takes time for this type of data to be collected.  Blind spot safety features are still too new for insurance companies to be able to form opinions.

Can Blind Spot Monitoring Be Added To A Car?

car repair

There are a great many people who own older vehicles. As such these vehicles don’t have the new technology available for blind spot monitoring. This has been recognized by the auto industry. There are companies that produce aftermarket blind spot monitoring systems. The cost is going to depend on which blind spot system is installed.

The Insurance Advantage for Using Blind Spot Systems

Car Insurance Protection

Although as of yet insurance companies are not specifically offering discounts for blind spot system usage there is another way of looking at their value. As these blind spot systems relate to insurance costs.

It is being documented that blind spot systems can help to prevent accidents. Anyone involved in an accident is going to have to deal with insurance claims. Depending on the circumstances the accident could cause an increase in insurance premiums.

If a blind spot system can help to prevent accidents, then this is a positive approach to prevention as it relates to helping to keep the cost of insurance down.

Most drivers are keen on being able to use any of the safety technology that is now available in the new vehicles. When there is an opportunity to buy these aftermarkets, they are something that a lot of drivers want to consider. No matter whether they are going to get an insurance discount or not.

Best Aftermarket Blind Spot Detection Systems

– Mobile Eye 560:

Dubbed as being a third eye for the driver. The price is around $849, plus installation fees.

– Goshers Blind Spot Detection System:

Comprised of hidden sensors that do not require drilling for installation. Prices start from $539.99.

– Toppking Blind Spot Detection System:

This system is relying on the latest technology available for their system. Gives an audible and visible warning.  Price is $249.

– DrivSafe Blind Spot Detection Monitors:

Some models are using new technology to help decrease the number of false alerts. Can also identify nonmoving objects. Price starts at  $184.47.

– Myron & Davis BSM100 Duel Sensor Blind Spot Monitor System:

Includes anti-false alarm software. Distance and direction of objects are shown in the display. Price is $73.99.

– Ottonavi Universal Rear Blind Spot Sensor Monitor:

Alerts driver through audio beep and visually through blinking sensor.  The price is $129.02.

– BSD-200 Crimestopper Blind Spot Detection System:

Classed as a universal system that is easy to install and has the anti-false alert technology. Can only be used on vehicles with plastic bumpers. Price is $599.95.

– RVS-118 Blind Spot Sensor System:

Comes with everything needed for installation. Price is $299.99.

– BSD1000 Blind Spot Detection Kit:

A standard system that comes as a kit with everything needed for installation. Made for easy installation. Price is $209.99.

Choosing the Blind Spot Warning Systems:

There are many different makes and models of blind spot warning systems that can be purchased as an aftermarket system. It may be tempting to make the purchase based on price, but there are other factors that need to be considered such as;

  • The credibility of the brand
  • The ease of installation for do-it-yourself installations
  • The cost of professional installations
  • The technical support for installation and use
  • The alert features that the system possesses
  • The guarantee
  • The technology whether it is based on sensors or cameras
  • Compatibility with the vehicle

In addition to this doing further research into the brands of interest will allow the buyer of these systems to be more informed. Some of the systems have negative reports about creating false alerts. But, many of the systems are now incorporating new technology to help prevent this.

Price Differences

Price Tag Award Warranty

One of the things that are often seen when researching the different blind spot systems is the variation in prices. One of the most expensive is the $850 for the Mobileye 360 compared to the Gosher’s at $250. The major differences when it comes to the price ranges are the additional features that the system is giving. For example, the Mobileye 360 is able to monitor the road ahead in regards to lane markings and the distance of the vehicle in front of the vehicle. The Gosher only focuses on alerting the driver of what may be in the blind spot of the driver. Also, depending on the make and model the sensitivity levels can be adjusted.

Resources

https://www.consumerreports.org/cro/magazine/2013/11/safety-upgrades-for-your-car/index.htm
https://www.theglobeandmail.com/globe-drive/culture/technology/mobileye-560-a-third-eye-for-the-driver/article23631247/
http://www.goshers.com/
https://www.toppking.ca/product/blind-spot-detection-system/
Auto-i BSD1000 Blind Spot Detection Kit
https://www.theglobeandmail.com/drive/culture/article-driving-is-safer-with-a-second-set-of-technological-eyes-on-the-road/

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