How will driverless cars impact auto insurance?
I'm reading a lot of articles about driverless cars and how much big tech is investing there. What will that mean for car insurance?
Thanks for your question! It is expected that some insurance companies may initially decline to insure fully automated or driverless vehicles, based on the perceived risk to insure them and the lack of data to prove their safety. Further on in the future, though, driverless cars may eventually be considered a safety feature like seat belts or airbags.
This is interesting speculation, and it will certainly evolve as more data becomes available so that insurance companies can properly rate the level of risk associated with driverless vehicles.
For some more information about driverless cars, check out this article: All About Self-Driving Cars.
Did this answer help you?
Ask us a question by email and we will respond within a few days.
Have a different question?
You can meet us at our office and discuss the details of your question.
Read advice from car experts at Jerry
Browse by topics
What others are asking
What should I do with my car after it is totaled in New Jersey?
"My car was hit by an uninsured driver in NJ and the insurance company thinks it might be totaled. I have collision coverage, so I am covered. They want me to let them tow it to their total loss location. Should I let them or have them tow it to a repair shop?"
May 13, 2021
Does it matter to insurance companies if a stolen car's driver is caught or not?
I was hit by a driver who had stolen a car. I have liability and uninsured motorist, and my insurance company said they would cover the accident if the driver was uninsured. I need to get a rental car soon. Is it necessary for them to actually catch the driver? Or can my claim proceed without it?
May 10, 2021
Does the fault percentage matter when it comes to car insurance rate hikes?
I got into an accident a while back. At first, it was determined that I was 50% at fault. Then this percentage was changed to 70%. Will this 20% difference impact how much I'll pay for insurance?
Apr 19, 2021