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You Won't Get an Insurance Discount for Your Car's Backup Camera

Aiming to curb deaths and injuries from "backover" accidents, the National Highway Traffic Safety Administration (NHTSA) said this week that all light-duty vehicles sold in this country must have rear-view cameras within four years.The NHTSA rule, which affects cars, SUVs, trucks and vans, will be final in 60 days and begin phasing in on May 1, 2016. Full compliance is mandated by May 1, 2018.But that doesn't mean you'll soon get an auto insurance discount if your vehicle has a backup camera or any other advanced crash-avoidance feature. While praising newer technologies for helping to prevent accidents and save lives, the insurance industry hasn't put them on their discount lists and probably won't do so in the near future.The reason, according to insurers, is that it takes time to study a system's effectiveness and determine if there's an actuarial benefit to their business. If a safety evolution is shown to reduce the number of crash claims, then insurers may pass some of the reduce...

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