Tag: driverless cars

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

G. Turner
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 Buffet says the auto insurance industry will suffer from self-driving cars

G. Turner

The Berkshire Hathaway CEO’s predictions are in direct opposition to previous thoughts on the subject. While most of the auto insurance industry predictions about self-driving cars have had to do with reduced rates, Warren Buffett has taken a different perspective. Instead, the Berkshire Hathaway CEO believes it should be considered a significant threat. The billionaire investor revealed that he feels the launch of the technology will negatively impact car insurers. The reasoning behind Buffett’s prediction is that if autonomous cars are actually safer than traditional vehicles, premiums will tumble. Charging…

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

Logan B.
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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Driverless vehicles may be a threat to the auto insurance industry

S.Vagus
Driverless self-driving car Google auto insurance

Allstate predicts that autonomous cars will have an impact on the insurance industry Driverless vehicles may pose a potential threat to the auto insurance industry, according to Allstate. The company has filed its annual 2015 report, suggesting that autonomous cars could impact the industry in a significant manner. These vehicles are equipped with technology that take the human equation out of driving. Most car accidents are caused by human error, which makes the need for insurance coverage quite abundant. Allstate is concerned that autonomous vehicles will reduce the need for…

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Insurance news about self-driving cars will be hard to predict

Julie Campbell
Driverless self-driving car Google auto insurance

As Google’s driverless vehicles start to hit the spotlight, coverage for owners has become a major question. The next wave of insurance news over a brand new industry that will need coverage that is unlike anything else that the world has ever seen, is now attracting some serious attention as Google’s self-driving cars are becoming increasingly “real”. Auto insurers are now starting to take these driverless vehicles much more seriously, as they’re on their way. According to an insurance news statement made by PricewaterhouseCoopers in a report that was published…

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