Auto insurance premiums in the U.S. may slide with driverless cars

Louisiana car insurance rates auto

As autonomous vehicles roll out – and as that continues into the future – coverage rates will plummet. A new report from Aon Benfield addressed auto insurance premiums in a world of self driving cars. It examined the insurance rate trends that will occur with the expected increasing popularity of autonomous vehicles. The report suggested car owners will be paying a lot less for coverage when cars drive themselves. The predictions are that the “industry pure premiums” will fall a full 20 percent from last year through 2035. This forecast…

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Auto insurance for self driving cars – will it be cheaper?

Google driverless cars auto insurance

Many wonder whether or not coverage will be less expensive when vehicles operate themselves. As a small handful of companies, including Google, work on creating driverless or self driving cars, many people wonder what type of impact this will have on their auto insurance rates. Lawmakers in some states are already working on the first set of rules for vehicles that drive themselves. What many prospective future owners are wondering is whether or not this added technology will provide savings on auto insurance policies. Florida, Nevada, and California have all…

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Google driverless cars receive approval but will need Nevada auto insurance

Google driverless cars auto insurance

Will the neighboring California insurance marketplace be next? After new Google driverless cars passed a number of tests and achieving set requirements in the state, the Nevada auto insurance industry is now facing a first in the country opportunity to cover the vehicles. The state is the first to license this new technology in the country. After years of development, they have now been able to achieve the following goals, which were set by the Nevada auto insurance officials. These include: • A safety plan submission • A self-driving technology…

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Driverless cars being test driven in California, though insurers aren’t quite ready for robot drivers

Auto insurance industry beside itself on the self driving car issue Though it may sound like science fiction to have a robot driving a car for you, Google is already taking driverless cars out on the roads of California to test them, regardless of the fact that the law hasn’t even considered that this could be possible. Next door, the state of Nevada has already created regulations that are allowing these robot operated vehicles onto its public roads, and Brian Sandoval, the governor of that state, has already been out…

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