Experts consider safety features' effect on auto insurance

01/17/2013 | InsuranceTech.com

The auto insurance business is "shrinking" because of fewer crashes and better vehicle-safety technologies, Brian Sullivan of Risk Information says. But while insurers support efforts to build safer vehicles, risk won't be "mitigated so much that the premium falls significantly," says State Farm CEO Edward Rust Jr. "The cost to repair a vehicle that has been in an accident is much greater. It's not your grandpa's Olds," Rust says.

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