Driverless Car Insurance Company
The biggest, newest thing in the automobile insurance industry: self-driving cars. Many questions have arisen since this big transition that occurred earlier this year. Several news outlets have been covering the events surrounding self-driving cars. And when an accident occurs, this is the question they ask, “how does a driverless car insurance company play a role in this?”
What is a Driverless Car?
This definition by USC (Union of Concerned Scientists) is widely used and accepted. “Self-driving vehicles are cars or trucks in which human drivers are never required to take control to safely operate the vehicle. They are also known as autonomous or “driverless” cars. They combine sensors and software to control, navigate, and drive the vehicle.”
First of all, it’s important to note that no fully autonomous vehicle is on the road yet. There are many cars and trucks that operate with assistance, from both the driver and automated driving machine. While there are still kinks to be worked out, we will continue to move towards driverless cars.
The Role Insurance Plays
When an accident occurs without the involvement of a human driver, who’s liable for the damages? The manufacturer? That seems to be the case this far. Google, Volvo, and Mercedes-Benz already agreed to accept the liability if the auto system is at fault in the crash. Because Tesla is the current leader in the driverless vehicle market, owners of these vehicles are complaining about the standard insurance markets. This has made it extremely expensive to insure the vehicles.
However, auto insurance will still be needed for other car types. This is why Tesla is going a different route by offering a unique insurance program. InsuremyTesla features custom policies for people who own these smart cars.
Aspects of Driverless Cars
As the details of the self-driving car blueprints vary, most self-driving systems create and maintain an internal map of their surroundings. These are based on a wide array of sensors, for example, radar. Also, Uber’s self-driving prototypes use sixty-four laser beams to construct their internal map. Google’s prototypes have used lasers, radar, high-powered cameras, and sonar. Talk about high tech! However, the future of these cars will continue to evolve as technology advances even further.
Benefits of ADAS
Advanced Driver Assistance Systems (ADAS) are becoming commonplace and insurance companies are offering large breaks for drivers who use these features. Also, we estimated that 94% of accidents are caused by human error. Installation of ADAS will definitely put a dip in that statistic. Scientists believe that as we fully transition to self-driving cars, accident rates will go way down. However, with perhaps a short adjustment time period.
Driverless Car Insurance Companies
At American we continuously work to provide the coverage you need at prices that make sense. We are a full service agency providing a host of coverage options to fit your needs. Our portfolio of coverage include multiple different categories which includes looking into the future and pioneering the insurance marketplace for driverless car insurance products.
Most importantly, we have three decades entrenched within the For-Hire, Livery industry. Our experience and knowledge of this business is second-to-none. Also, it is our desire to keep our finger on the pulse within this industry. Therefore, we make it our priority to expand and share our knowledge with our customers. Give us a call today and let us show you what we can do for you.