Self-driving car insurance for electric vehicles lacking in the United Kingdom

Electric car - self-driving car insurance

Axa claims that Great Britain may be lining up to miss out on driverless vehicle technology. A lack of appropriate infrastructure and a shortage of self-driving car insurance is setting up the United Kingdom to face serious challenges if it doesn’t want to get left behind with driverless electric cars, says the Axa insurance company. Autonomous vehicles are facing considerable barriers in the U.K. due to the lack of fast charging bays, among others. Drivers of electric cars are already facing struggles with the fact that there aren’t enough rapid…

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Self driving cars receiving technology upgrade to reduce winter auto insurance claims

winter driving self driving cars

The driverless vehicles are being designed to be able to make their way safely along snowy roads. While self driving cars may be the direction the industry will be taking in the future, winter storms and snowy roads continue to be as much of a threat of auto insurance claims for those cars as the ones driven by people. Driverless vehicles currently operate best in cities with clearly marked streets and lanes. Though self driving cars have been performing quite well in their testing phases, they have been developed for…

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Warren Buffett’s insurance industry forecast might surprise you

Insurance Industry Forecast by Warren Buffett of Berkshire Hathaway

According to the head of Berkshire Hathaway, insurers should worry about self-driving cars, not climate change. At the Berkshire Hathaway shareholder meeting last weekend, Warren Buffett shared his insurance industry forecast and brought up a number of trends and innovations that have been the topic of conversation among experts in this arena. The main point that has drawn the spotlight is that Buffett doesn’t feel climate change will harm the industry. According to the insurance industry forecast he shared, climate change shouldn’t be causing any pain to his business. This…

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Google self-driving car involved in yet another accident

Driverless self-driving car Google auto insurance

The vehicle was rear-ended by another driver that had supposedly been driving while distracted. It looks as though the Google self-driving car road tests are not being blessed with all that much luck, as yet another one has now been involved in a crash as it was rear ended by another vehicle while it had been stopped at a red light. Only weeks after being rear ended twice while being stopped at a light, it has now happened again. A few weeks ago, the Google self-driving car made a report…

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Self-driving cars could lead to the end of the auto insurance industry

google building auto insurance

Automated vehicles could be a significant risk for insurers, but not in the traditional sense Automated driving could place the auto insurance industry at risk, at least to some degree. Self-driving cars are already a reality, but such vehicles are currently only available for testing purposes. These vehicles are praised as being safer than their conventional counterparts, largely because they are not operated by humans. Human error is the leading cause of most car accidents, and removing people from the driving equation could have a major impact on the auto…

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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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