Tag: self-driving cars

Self-driving cars expected to disrupt the auto insurance market

Logan B.
Self driving car auto insurance

Autonomous vehicles predicted to have a severe impact on the cost of auto insurance Autonomous vehicles could have a major impact on auto insurance premiums in the future. While these vehicles are not yet readily available, insurers already see the potential disruption self-driving cars could have on the market. Self-driving vehicle take human error out of the equation, which is expected to significantly cut down on the number of accidents that are seen on the roads every year. This will lead to a dramatic decrease in auto insurance premiums in…

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Self-driving cars could lead to lower auto insurance premiums

Nordstrom
auto insurance ride share

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…

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

Logan B.
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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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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Driverless cars may be a problem for the auto insurance industry

Marc
auto insurance car transportation hybrid

Self-driving vehicles need legislative attention Driverless vehicles could be a disruptor for the auto insurance market, but they will have to overcome several legislative hurdles before they can do so. When it comes to the law, self-driving cars become a very complicated matter. For instance, when such a car is involved in a collision, where the blame can be placed for the incident can be difficult to determine. This is something that auto insurance companies and lawmakers are grappling with. Insurers are forming a better understanding of self-driving cars and…

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