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Self-driving cars could lead to lower auto insurance premiums

July 23, 2015July 22, 2015 Nordstrom

Insurance premiums could fall significantly due to automated vehicles Self-driving cars could help save motorists money on auto insurance coverage, according to insurance startup Metromile. The company has released a new report that suggests that drivers could save as much as $1,000 a year on coverage due to automated vehicles. These cars could cost as little as $250 a year to insure, and they may serve as a disruptive force for the auto insurance industry in the coming years. Self-driving cars are not subjected to human error in the same…

Google self-driving car involved in yet another accident

July 20, 2015July 18, 2015 Julie Campbell

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…

Is homeowners insurance Google’s next move, following its Nest announcement?

June 23, 2015June 20, 2015 H. Cutner

The new security cameras could represent an important new step into this market for the company. There hasn’t been very much news about Nest since Google acquired in for $3.2 million back in January 2014, but now it is being seen as Google’s first step toward a larger homeowners insurance play as the smart gadgets company announces some new devices. Though the company is best known for its “learning thermostat” it is home cameras that are now being watched. Nest has now held its first press conference in order to…

Google is making a move into the auto insurance sector

June 11, 2015June 10, 2015 Nordstrom

Driverless cars could have a major impact on the auto insurance market Self-driving cars are coming and that may change Google’s position in the auto insurance space. Recently, Google launched its insurance rate comparison service in the U.S. Called Google Compare, this service has been operating in the United Kingdom for some time, representing quotes from 124 insurers in the country. The UK government has already approved the testing of driverless vehicles on public roads, but U.S. regulations are still somewhat restrictive. These vehicles could have a significant impact on…

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

May 12, 2015May 9, 2015 Logan B.

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…