How are insurance rates determined for a self-driving car?

If I purchased a vehicle with an autopilot function, would my insurance be higher or lower than normal?

“Great question! Unfortunately, since the technology behind self-driving cars is still new, there isn’t solid data on the cost of insurance.
That said, we can make some assumptions about insurance rates. When determining rates for a self-driving car, car insurance companies will likely still use the same methods as rating standard vehicles. Although a car drives itself, it still has an owner and it still requires a passenger, so the same factors matter, like:
  • Age
  • Address
  • Driving record
  • Credit score
As the type of vehicle you drive also impacts your insurance rate, a self-driving car may cost more to insure. Without much data on the safety and claim submissions, insurance companies may consider a self-driving vehicle to be more of a risk.
If and when there is proven data that shows self-driving cars are safer, frequently avoid accidents, or owners submit fewer claims, the cost to insure the vehicle will likely be reduced.
If you’re considering purchasing a vehicle with self-driving technology, the best thing you can do is request car insurance quotes. This will give you a better estimate of whether your insurance cost will be higher or lower for that vehicle.
One of the easiest ways to get the best deal on your insurance is to use Jerry! We’ll get you multiple quotes from different top-of-the-line providers, so you can be sure that you’re getting the best deal on the coverage you need.”
Emily Maracle
Answered on Sep 10, 2021
Emily Maracle is a car insurance specialist living in New York. Originally from the Pacific Northwest, she has a degree in English Literature and a background in customer service. She enjoys cooking, gardening, and living sustainably. In the future, she can't wait to upgrade to a hybrid or electric car.

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