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Self-driving cars could have a major impact on the auto insurance space

April 6, 2016April 5, 2016 S.Vagus

Driverless self-driving car Google auto insurance

Report highlights the disruptive potential of self-driving vehicles Self-driving cars may soon become a reality, and they could have a major impact on the auto insurance space. A new report from Moddy’s Investors Services suggests that there are many liability implications for those involved in the development of self-driving vehicles. Both manufacturers and technology suppliers could face significant risks, with consumers likely facing fewer risks as liability shifts away from them. This is because self-driving cars take human error out of the transportation space, which is likely to lead to…

Auto Insurance State Minimums – Why You Should Carry More Coverage

March 31, 2013April 14, 2014 Guest Author

Car insurance can be one of the most frustrating bills a person pays every month (or six) but it truly is one of the most important. At its core, insurance is designed to insulate an individual, family or business from possible financial hardship due to a loss. However, too often people are driving around with the absolute bare minimum insurance, not realizing that their entire world could get flipped upside down with just a relatively minor accident. Insurance Minimums Explained Insurance is governed at the state level, so each of…

New required lower limits of liability for drivers in Wisconsin

March 12, 2011March 12, 2011 Nordstrom

In Madison the Wisconsin State Assembly passed a bill wherein the minimum level for car insurance is lowered, wiping out the higher ones that were approved by the Democrats back in 2009. This bill reduces the minimum amount for coverage for the liability and uninsured drivers insurance. Before the law was approved in 2009, it was voluntary to get insurance for those who are underinsured. This time, it will go back to that same situation. When drivers are the cause of an accident that happened, this underinsured coverage is useful,…

Newly Republican backed bill strongly critized

January 22, 2011June 20, 2021 Marc

A recent Republican backed bill could make drivers in Wisconsin a lot more at risk. Critics of the bill said that it would revoke provisions in the state budget establishing minimum coverage levels for liability and replace them with much lower standards. Car insurance would still be mandatory, but the minimum levels of coverage would drop. Democrats rallied against the proposition before the Senate and Assembly insurance committees, saying that the reduced levels could take money away from drivers recovering from accidents. Democrats also criticize that there is no evidence…