Increased Traffic Fatalities, Increased Premiums
Driving has become more dangerous according to the National Safety Council. According to the NSC, a nonprofit organization that tracks highway safety, traffic deaths have increased 14%. This increase followed years of decline. Both Geico and Allstate will be raising premiums to counter this expenses associated with additional claims. Industry analysts predict that the increased premiums will continue to more than just this year.
A few factors apparently are causing the increase, including the advent of texting, as well as increased driving due to increased employment. Most States have laws on the books to combat texting and cellular devices while driving, however, these laws do not seem to be stopping the new phenomenon. According to the NSC, one in four automobile accidents involves cellular phone usage.
Economic factors are also causing increased driving including substantially lower gas prices and more people working. The more people working, the more people driving to work and the more people with additional income that can be spent on driving not associated with work. The prior decline in deaths was caused by better made vehicles, stricter enforcement of drunk driving laws, and more frequent use of seat belts.
One possible way to combat the distractions involving cellular phone usage is the driverless vehicle. But don’t expect driverless vehicles to be at your local dealer anytime soon. While some States have already passed regulations guiding the industry, no State is permitting driverless vehicles for the average driver.