Insurers face rising repair costs due to new car technology
February 7, 2020
Posted by: Matthew Collins
Category: Classic Car
While driver assistance features are improving safety on the roads, vehicles with advanced driver assistance features cost more to repair.
The cost of repairing increasingly high-tech vehicles, including electric cars and vehicles with autonomous features, means the overall claims costs are trending upwards.
Vehicle repair costs have grown by an average of 33% over the past four years and blames advanced driver-assistance systems (ADAS) for the spiraling costs, with 40% of vehicles expected to feature ADAS by the end of 2020.
The technology is making driving safer and there are fewer fatalities as a result of it, but it’s expensive and it needs specialist bodyshops to repair it.
At Ascend we are specialists for motor insurance. We will find you the best policy to suit you and your car. Speak to us today on 01245 449060 to see what we can do for you.