New car technology

It's no secret that everyone wants the absolute best insurance coverage they can obtain, and whether it's auto, home or renters insurance, customers want to know they're paying for the plan with the best quality. Even after combing through the variety of choices and signing up with the company that best suits your needs, sometimes it still takes a little extra effort on the customer's part to truly enhance your coverage.

With companies rushing new and advanced technologies to the marketplace on a daily basis, it can be difficult to keep track of all of these cutting-edge devices and gadgets. It is important to remember, however, that many of these inventions and innovations were designed to make life easier and save people money. By buying a few no-frills tools, you have the capabilities to lower your rates and make dealing with insurance companies much more pleasant.

Here are some tips on how to best utilize some of the latest technological trends to help you improve your insurance coverage:

Install a smart thermostat/home water protection system
From cars to phones to even houses, everything is getting smarter nowadays. One of the easiest ways to quickly take advantage of emergent technology is to outfit your home or automobile with the most up-to-date gadgets. For instance, installing a smart thermostat allows you to sync the thermostat up to your mobile phone or laptop computer, which gives you greater control over setting and maintaining your home's temperature. These devices also remember your habits and learn how to anticipate your heating and cool preferences, which can provide savings on gas and electricity costs.

A home water protection system is similar, but it tracks the temperature of water in your pipes and offers you the ability to remotely turn the water on or off. By combining this with a smart thermostat, these features can help prevent any sort of accidental destruction due to a burst water pipe during a subzero cold spell. The Insurance News Net reports that according to the Insurance Information Institute, winter storms account for approximately 25% of all homeowners insurance claims - the third-largest cause of catastrophic loss in the U.S.

Install a smart security system
Much like the thermostat, a smart security system allows you unfettered connectivity to the home's alarms. Among other features, this offers an advanced gating structure which helps in emergency situations where firefighters or the police are needed. With the proper use of this sort of technology, you can more easily protect their property and ideally save money on insurance premiums.

Automobile rear-view camera
Automobiles are extremely mature machines, having gone through consistent technological transformations over the past 100 years. Indeed automakers seem to add futuristic features to cars on a yearly basis. One of the newest technologies available for cars are rear-viewing cameras. According to and the Insurance Institute of Highway Safety, 46 percent of vehicles sold in the U.S. came equipped with a back-up camera. While this feature comes standard in some higher-end cars, you can easily add it - or inexpensively have it added by a trained professional - to any type of automobile. A camera like this allows the driver to have a much clearer sense of the possible dangers surrounding a car. By having a wider spectrum from which to view different angles around your automobile, you create an additional layer of protection thereby reducing the likelihood of a car crash. And while some experts are skeptical on how much and how quickly the insurance companies will translate this into immediate savings for your insurance premiums, everyone can agree that fewer incidents of car crashes are a welcome sight.

Usage-based insurance
If you are willing to let an insurance company install a telematics device that tracks all the data that your driving provides - which includes your acceleration, deceleration, turns, speeds and time of day that you use the car - then you could be eligible for lower insurance rates. The insurance company then uses this data to provide discounts. While this system does obscure some minor privacy issues with the customer, it can be tremendously beneficial for those extra safe drivers that truly wish to save money.

Be sure to check out how these latest tech gadgets can help you lower your home or auto insurance rates and save money.

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