Autonomous vehicles mean for car insurance?

driverless Cars become increasingly popular in the global Carmakers in. So far, nine states have enacted some permitting and monitoring the use of Autonomous vehicles legIslation. Most states only allow the use of these vehicles were tested, many states require passengers appear in the driver’s seat. Since the acceptance rate of the novelty of the technology as well as most state legIslatures slow, many people think that the prevalence of Autonomous vehicles also need a few years. Several states thIs attitude could mean one of two things: most states are correct, the use of thIs technology Is still in its infancy, or in most states are not proactive. When the technology Is ready for public use, the lack of technology for forward-thinking legIslation that could lead to confusion throughout the Automotive industry. Insurance Will seriously impact a Automotive industry. Three main ways to Automotive and insurance industry must adopt thIs new technology Is through regulation, liability insurance and maintenance costs.

at least the past decade, a steady decline in Car ownership. More and more people in urban areas such as Uber or Lyft choose to take public transport and by Car. Some experts wondered if one day all the vehicles are driven Automatically, if that day comes, then a lot of people really need to have a Car. If thIs happens, the Car may be owned by companies, municipalities or other groups. ThIs Will dramatically change the insurance industry mainly personal Auto insurance policy from the policy responsible for commercial operations. For the Car, the demand for Cars temporarily still Is a necessity in thIs country, but Autonomous vehicles Will sooner rather than later, become more Cars. Because,

With Autonomous vehicles become more common, still need liability insurance. The final coverage may change. In a study completed in 2014, the 2014 Rand study in terms of Autonomous vehicles, many leaders believe that manufacturers, suppliers and even municipalities Will be asked to assume some responsibility for the accident. According to the firm, the coverage of the physical damage caused due to the impact and losses caused by wind, floods, and other natural factors theft (full coverage) and other factors are less likely to change. They may even become more expensive, because the driverless Car crash less. On the other hand, Autonomous vehicles Auto accessories moreexpensive.

Due to the high cost of repair or replacement of damaged vehicle, which may lead to increased cost of claims. It all depends on the difference between the low accident accident frequency and high vehicle maintenance costs. The study also predicts that the number of vehicle-related workers’ compensation claims should decline, the proportion of health Care and dIsability costs associated with Car accidents Will fall. These types of claims currently account for a large part of the cost of the claim but declined. Three main ways to Automotive and insurance industry must adopt thIs new technology Is through regulation, liability and maintenance costs.


Insurance Is a state regulators by industry. Each state has its own commercial Auto insurance rules and regulations (so far, Autonomous vehicles). Basically, there are two accountability. In some states, the responsibility Is based on the concept of no-fault, the fault of the insurance company regardless of how payments to the injured party, and in the other states based on the tort system, responsibility. But many important differences exIst within the regulations state that now exIsts, referring to no-fault Auto insurance report. With the advent of Automated driving a Car, Car insurance system Will become more unified it? The federal government Will play a greater role in it? If you require vehicle manufacturers to take more responsibility for damage and injuries, they could push the federal government to play a greater role in order to eliminate some of the costs of complying with 51 jurIsdictions rules.


As Cars become more Automation, manufacturers have a responsibility to prove that it Is not responsible for what happens in the event of a collIsion. The problem could become so worried about liability lawsuits do not drive manufacturers and suppliers out of business. According to the Rand study mentioned above, most states Will implement some kind of no-fault Auto insurance system. ThIs Will allow more Car manufacturers are likely to enter the market Autonomous vehicles, and the competitors Will reduce the price of these Cars.

maintenance costs:

Although with more technological advances are incorporated into vehicles, the number and severity of accidents Is expected to decline, but the cost of replacing damaged parts may increase. ThIs Is because the complexity for Automobile driving member itself. It Is not clear due to the more expensive components, reducing the impact of whether it Will offset the cost of maintenance of vehicles.