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How is autonomous driving – and connected vehicle technology more generally – affecting insurance?

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posted Jun 25, 2018 by M Tuba Farheen

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1 Answer

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“The idea is that the more we remove human fallacies from the equation, the fewer the accidents. This is obviously everyone’s hope.

“From the insurance perspective, there is the additional cost component which will affect customers. Advanced driving-assistance systems (ADAS) typically cost much more than traditional equipment, so it’s still unclear what the impact will be on insurance premiums.

“Will the reduction in claims outweigh the increase in vehicle production costs? I believe the reduction in bodily injury claims will, thankfully, be more relevant than the severity of material damage costs, but that is just a theory.

answer Jun 26, 2018 by Bindhu M