Drivers Age 50+ Want More High-Tech Safety In Next Vehicle, According to The Hartford And MIT AgeLab

The Hartford commits $1 million to AARP Driver Safety for the joint
development of a new and innovative vehicle technology education program


HARTFORD, Conn.–(BUSINESS WIRE)–For drivers age 50 and older who are shopping for a new car in the next
two years, safety technologies will be more of a key consideration than
for those drivers who bought a car in the last year, according to a new
survey from The
Hartford
and the MIT AgeLab.

The survey reveals that 76 percent of drivers age 50 and older who plan
to buy a new car will actively seek out high-tech safety features. In
comparison, only 32 percent of drivers age 50+ who bought a car in the
last year actively sought out these vehicle technologies.

“It is encouraging that a majority of mature drivers planning their next
vehicle purchase will purposely seek out high-tech safety features,”
said Jodi Olshevski, gerontologist and executive director of The
Hartford Center for Mature Market Excellence®. “The Hartford
has a long history of helping drivers age 50+ stay safe on the road,
which is why we’re developing an innovative program with AARP Driver
Safety and why we’re one of the first companies to offer a discount for
certain safety technologies.”

AARP Driver Safety Sponsorship
To help drivers learn how to
maximize the value of these features, The Hartford has committed $1
million over three years to expand its longstanding partnership with
AARP Driver Safety to jointly develop an exclusive and innovative
vehicle technology education program. Together, The Hartford and AARP
Driver Safety aim to help drivers:

  • Understand current and evolving vehicle safety technologies and how to
    use them
  • Recognize how technologies might enhance their driving safety and
    extend safe driving years
  • Choose the technologies that best suit their needs

“With the changes in vehicle technology over the last five years, it’s
critical for drivers to stay updated and informed,” said Kyle Rakow,
vice president and national director of AARP Driver Safety, which
conducts the nation’s largest and longest-running driving refresher
course. “Many of these technologies have potential to make driving
safer, which is why we are so appreciative of The Hartford’s generous
commitment to this new endeavor.”

Additional Survey Findings

  • Top Technologies
    Drivers age 50+ who plan to buy a car
    within the next two years will be seeking:

    • Blind spot warning systems (87 percent)
    • Crash mitigation systems (85 percent)
    • Lane departure warning systems (79 percent)
    • Smart headlights (78 percent)
    • Vehicle Technologies and Driving Longevity
      The majority of
      drivers age 50 and older (75 percent) think having safety technologies
      in their vehicle will help extend how long they will be able to
      continue driving. These drivers say they:

      • Will feel more comfortable and confident while driving (38 percent)
      • Will feel safer while driving (29 percent)
      • Think technology will compensate for driving difficulties (28
        percent)
      • Vehicle Technologies and Driving Habits
        Many mature
        drivers already adjust when and where they drive so they feel
        comfortable and safe.

        “Our findings indicate that some
        drivers age 50+ would be more willing to drive in certain situations
        if they had particular technologies, suggesting they associate
        advanced technologies with enhanced safety,” noted Olshevski.

        Of
        those who currently limit their driving:

        • 50 percent would be more willing to drive on the highway if they
          had crash mitigation systems
        • 41 percent would be more willing to drive long distances if they
          had adaptive cruise control
        • 39 percent would be more willing to drive at night if they had
          smart headlights
        • 36 percent would be more willing to drive in heavy traffic if they
          had traffic jam assist
        • Top Five Reasons for Driverless Cars
          Drivers age 50 and
          older would consider purchasing a self-driving car if:

          1. It was proven as safe as driving themselves (56 percent)
          2. Their health prevented them from driving (48 percent)
          3. It helped them stay connected to friends and family if they could
            no longer drive (27 percent)
          4. It was cheaper than a regular car (26 percent)
          5. It was recommended by someone they trust (17 percent)

        Overall, 35 percent of drivers age 50+ would be willing to use a
        driverless car if they could no longer drive safely; 42 percent are
        unsure, and only 24 percent would not be willing to use one.

        The Hartford has been dedicated to promoting safe driving among 50+
        drivers for more than 30 years and has produced numerous studies and
        public education campaigns on driving safety, most recently focused on
        vehicle technologies. And as the exclusive national provider of auto and
        home insurance for AARP members since 1984, The Hartford has insured
        millions of drivers over the age of 50.

        The survey, Looking Forward: Vehicle Technology Preferences Among
        Mature Drivers,
        is The Hartford and the MIT AgeLab’s fourth joint
        research project focused on vehicle technology and driving safety for
        mature drivers. For more information, visit thehartford.com/cartech.

        Research Methodology

        Zeldis conducted an online survey of drivers over the age of 50 across
        the United States for The Hartford. The survey – Looking Forward:
        Vehicle Technology Preferences Among Mature Drivers
        – was fielded in
        March 2016 and a total of 2,015 surveys were completed. The data were
        weighted to match U.S. Census current population survey benchmarks.
        Using a 95 percent level of confidence, the margin of error is +/- 2.2
        percent.

        About The Hartford

        With more than 200 years of expertise, The Hartford (NYSE: HIG) is a
        leader in property and casualty insurance, group benefits and mutual
        funds. The company is widely recognized for its service excellence,
        sustainability practices, trust and integrity. More information on the
        company and its financial performance is available at https://www.thehartford.com/.
        Join us on Facebook at www.facebook.com/TheHartford.
        Follow us on Twitter at www.twitter.com/TheHartford_PR.

        About The Hartford Center for Mature Market Excellence

        The Hartford Center for Mature Market Excellence creates innovative
        business solutions for the mature market. Staffed by gerontologists, the
        center is uniquely positioned to apply knowledge of aging to develop
        one-of-a-kind products and services for The Hartford’s customers, and
        specialized training for The Hartford’s employees. The center conducts
        original research in partnership with academic institutions and produces
        public education programs on safety, mobility and independence. The
        Hartford has had this in-house expertise since 1984, guiding The
        Hartford to unparalleled success in understanding and serving the mature
        market. Follow us on Twitter at www.twitter.com/TheHartfordCMME.

        About the MIT AgeLab

        The MIT AgeLab is a multidisciplinary research program that works with
        business, government, and NGOs to improve the quality of life of older
        people and those who care for them. The AgeLab applies consumer-centered
        systems thinking to understand the challenges and opportunities of
        longevity and emerging generational lifestyles to catalyze innovation.
        For more information go to agelab.mit.edu,
        or follow the AgeLab Director on Twitter @JosephCoughlin.

        About AARP Driver Safety

        AARP Driver Safety first launched in 1979 as the “55 Alive” program to
        help to keep older drivers independent, safe and confident while on the
        road. Today, AARP Driver Safety continues to meet the needs of older
        drivers through leading educational programs that include the AARP Smart
        Driver course, CarFit, We Need to Talk, and the Driving Resource Center.
        The flagship AARP Smart Driver course is the nation’s largest classroom
        and online driver safety course and is designed especially for drivers
        age 50 and older. Over 16 million participants have gone through AARP
        Driver Safety classroom and online courses, taught by more than 4,000
        AARP Driver Safety volunteers. The courses are available in all 50
        states, the District of Columbia, and U.S. territories. To learn more
        visit www.aarp.org/drive
        or follow us on Twitter @AARPdsp.

        HIG-N

        Some of the statements in this release may be considered forward-looking
        statements as defined in the Private Securities Litigation Reform Act of
        1995. We caution investors that these forward-looking statements are not
        guarantees of future performance, and actual results may differ
        materially. Investors should consider the important risks and
        uncertainties that may cause actual results to differ. These important
        risks and uncertainties include those discussed in our 2015 Annual
        Report on Form 10-K, subsequent Quarterly Reports on Forms 10-Q, and the
        other filings we make with the Securities and Exchange Commission. We
        assume no obligation to update this release, which speaks as of the date
        issued.

        From time to time, The Hartford may use its website to disseminate
        material company information. Financial and other important information
        regarding The Hartford is routinely accessible through and posted on our
        website at http://ir.thehartford.com.
        In addition, you may automatically receive email alerts and other
        information about The Hartford when you enroll your email address by
        visiting the “Email Alerts” section at http://ir.thehartford.com.

        Contacts

        The Hartford
        Julia Zweig, 860-547-5355
        julia.zweig@thehartford.com

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