Hyundai Marine & Fire Insurance Offers Up to 24.1% Premium Discount for Installing Pedal Misoperation Assist Devices

“Pedal Misoperation Safety Assist Device Added to Discount Eligibility... In Line with Government Policy”

Hyundai Marine & Fire Insurance announced on August 20 that it has added "pedal misoperation safety assist devices" to the eligibility list for its automobile insurance plan, the "Advanced Safety Device Installation Discount Special Contract."

This special contract will apply to insurance contracts that take effect after August 21, and policyholders can receive up to a 24.1% discount on premiums, depending on the number of installed advanced safety devices.

The pedal misoperation safety assist device detects situations where the driver confuses the accelerator and brake pedals and attempts sudden acceleration, suppressing abnormal acceleration of the vehicle or warning the driver. This device is effective in preventing pedal misoperation accidents, which commonly occur in low-speed driving environments such as parking lots or areas with dense clusters of commercial buildings. The Ministry of Land, Infrastructure and Transport is also actively promoting the wider adoption and application of advanced safety devices and technologies to ensure traffic safety in line with the rising number of elderly drivers, as well as to strengthen pedestrian protection.

Following its addition of the Parking Collision-Avoidance Assist (PCA) device to the discount eligibility list in October of last year, Hyundai Marine & Fire Insurance has expanded the number of eligible advanced safety devices from seven to eight, now including the newly added pedal misoperation safety assist device in line with government policy.

A Hyundai Marine & Fire Insurance official stated, "There is growing social interest in preventing pedal misoperation accidents, and the insurance industry’s role is expanding beyond compensation to prevention. We hope this revision will contribute to the wider adoption of advanced safety devices and the establishment of a safe driving culture."

This content was produced with the assistance of AI translation services.