Auto Insurance

Auto insurance fraud may be put to rest by driverless vehicles

Driverless cars could be a powerful weapon against auto insurance fraud

Auto insurance remains a problematic issue throughout the U.S. Fraud is quite common in this sector, especially in states like New York and Florida, and modern efforts to combat fraud on a legislative level have proven fruitless. The prevalence of fraud is causing auto insurance costs to skyrocket throughout the country, putting more pressure on lawmakers to find a way to crack down on fraud before costs begin to spiral out of control. The solution may be as simple as removing the driver from the equation.

Safety regulators push for automated vehicles to hit the road

U.S. safety regulators are beginning to call for the acceleration of the adoption of driverless, automated vehicles. Technology superpower Google is a pioneer when it comes to driverless cars and makes use of such vehicles on a regular basis. The U.S. Transportation Department suggests that these vehicles have a proven ability to predict and avoid crashes, which could be a major boon in the fight against auto insurance fraud and keeping drivers safe while on the road.

Auto InsuranceHuman error affects auto insurance prices

Safety regulators want to see roads become more populated with driverless cars in the near future. Because these vehicles are not controlled by actual people, the costs associated with protecting these vehicles with auto insurance coverage could be much lower than those seen with conventional vehicles. auto insurance costs are based on numerous factors, some of which involve the human proclivity for error. Human error can lead to catastrophic accidents either due to distraction or a simple lapse in judgment. Without a human behind the wheel, such factors cannot affect the price of auto insurance coverage.

Driverless cars could be a way to put an end to fraud

Driverless cars may help put an end to auto insurance fraud due to the fact that these vehicles are managed by innovative technologies. Driving data collected from these vehicles can be used to identify instances of fraud more accurately than relying on witness testimony. Moreover, these vehicles can outright avoid accidents, which immediately make them problematic targets for those that intend to commit fraud.