Thursday, 17 November 2016

Autonomous Vehicles: The Wheel Deal

Will we still need insurance when cars drive themselves?

One of the current innovations of the automobile industry is the development of the driverless car. Think the “Johnny Cab” automated taxi driver in Total Recall, or Tom Cruise’s mass transit system in Minority Report. Toyota, BMW, Tesla, Nissan, Google and a host of other companies are preparing to introduce robotic vehicles by the year 2020, or even as early as 2018. While they may not be exactly what popular media predicted, they will most certainly bring about changes to the auto-insurance industry and the way we travel.

So if I’m technically not driving the car, will I still need insurance?
In short, yes. Insurance is the transfer of risk from a driver to a company. In the case of an accident, insurance companies will cover specific damages. Operating an autonomous vehicle (AV) would just shift the liability more from the individuals to the car manufacturer. There will still be a need for theft, personal and physical damage insurance for the Demolition Man car.  
How will autonomous vehicles affect my premium?

It depends. New drivers today might be spending upwards of $4000-$6000 for insurance yearly, and this may very well go down. Instead of rating the driver’s skill, insurance companies will judge car conditions and safety. This change will transform how the automobile insurance industry operates. In the future they may serve a few key manufacturers instead of individuals, similar to insurance for cruise lines and shipping companies.
Insurance premiums will also vary depending on the different levels of car automation. The former Society of Automotive Engineers determined five levels detailing how much control an AV has. This will complicate insurance premiums because there will be a varying amount of liability on the driver.

How will driverless cars change society?
Unless the cars become self-aware and threaten our very existence, there are multiple benefits of AV beyond the prospect of lower insurance premiums. We can look forward to:

  1.  Fewer accidents. When you remove the human factor there is 90% less likely  chance of error.
  2.  Less traffic. Congestion may be decreased from the efficiency of these cars.
  3.  Increased transportation for the elderly and disabled. Driverless vehicles will  increase access for those who couldn’t previously drive.
  4.  Better fuel efficiency contributing to less pollution and there will be less need for large parkades where potential.
  5.  More time to do as we please during travel (read, text, sleep) whatever!

That seems like a future we are willing to drive towards.

Marchella Marfrica
Communications Specialist
Sharp Insurance


  1. Thanks for this post.This nice content and happy to read this.Please search on web for getting better and effective writing services and make your essay perfect. So you must include everything clearly and use perfect and simple language to make your essay. The introduction should be general and then make your essay the specific. Everything about essay body is clear.Visit best essay writing service for more details.

  2. Top 5 Auto Insurance Companies in America and why
    1. Liberty Mutual
    2. Progressive
    3. Allstate
    4. State Farm
    5. USAA


  3. When you are hoping to purchase an utilized auto, there are a couple of inquiries you ought to dependably request that the dealer ensure you are getting a decent arrangement. There are some incredible deals to be had out there, however how would you know whether the auto you are occupied with will separate inside 5 minutes of driving? used cars for sale in south carolina

  4. Thanks for describing about the autonomous vehicles. Many of them including me really not know more about this. You done a great work after posting this here. Fulfilled with happiness. Custom Essay Writing Services

  5. This is a great post. Thanks for posting here. Well written. Do my Essays

  6. Hmm, that's actually interesting. Check this site if you want to find me. We will discuss it together.

  7. Interesting blog. Thanks for sharing.
    Visit Assignment Help for unmatched quality assignments.

  8. Currently it looks like article is the top blogging platform available right now.
    if you have any queries related to your hardware devices like more mobiles, laptop then easily contact our page Geek squad support we provide the best solution for our customer.

  9. Our writing company is the most college research papers company and we are always ready to answer any form of questions which may come up especially those seeking for best writing services online.

  10. According to the latest essay writer review, it is found that students are mostly choosing Best Dissertation Writing Services for their unmatched quality of service. There are lots of positive reviews that add to review.
    This assignment help service is the best in the market according to students’ review. It has been found that most of the students prefer their service because of the quality, price and other beneficial aspects. By analyzing some of the top reviews, let us know why this service has been considered as the best one for the help seekers.
    The only way to get a detailed insight of the site is to go through the reviews that are posted on the best essay writing service online,
    Before selecting a website for homework help, students must read the reviews. Reading reviews is necessary as the students get to know which service providers are genuine and which is fake.
    To mislead the visitors, a lot of My assignment help Review are posted in review writing websites.
    For students who are going to write and looking for topics. Which side of the problem are you going to write about and what solution can you offer? You should know the objective of your essay, topic like- an Essay on Hamlet.

  11. The post explores Autonomous Vehicles: The Wheel Deal. It states that one of the present innovations of the automobile industry is the development of the driverless car and it will most certainly bring about changes to the auto-insurance industry and the way we travel.

    Essays Chief

  12. Obtain master assistance for fixing all technical flaws with your appliances at Geek Squad Support. Feel free to reach tech savvy experts at Geek Squad Support round the clock as per your convenience for addressing all your concerns related to electronic appliances.

  13. I read your post. It is very informative and helpful to me. I admire the message valuable information you provided in your article. Thank you for posting, again!
    the impossible game

  14. Are you searching for an offhand assignment help provider firm, then get through with promptly. We cover all the academic needs under assignment writing service i.e. marketing assignment, essay writing service, dissertation writing work, programming assignment help, and many more.

    My Assignment Help Australia
    Java Assignment Help

  15. Have you ever wondered about getting a discount on the flight rates? Yes, you will be getting the perfect deal! As soon as we provide the special discounted rates for the trip, you will get ready with the bags. Call us to get more information. For any kind of help you need, call at Air Canada Airlines Customer Service and we will take proper care of it. You can call us at any time.

  16. Our Spirit Airlines Customer Service toll-Free number tour specialists act as a ready reckoner on fares and discounts across all classes, routes and segments. They are well-qualified, trained and fully informed to research in-and-out on a passenger’s specification and provide him or her the cheapest fare option with on-the-spot discounts for any economy, business or first class.

  17. This comment has been removed by the author.

  18. American Airlines is the most considerable airline that supports its travelers to move from one place to another. Through American Airlines Customer Service, our experts deliver outstanding services and benefits to their passengers. Our experts through American Airlines Customer Service, make sure to sort-out the passenger queries that are related to the refund policy, baggage handling, check-in status, and many more.

  19. Delta Airlines has reliably redesigned its lodges and contributions to coordinate those of a portion of the best, airlines right now in their business. Call us anytime and Book Flights Delta Airlines.

  20. Assignment Help likewise gives the assignment keeping in touch with the understudies of school assignments, paper help, article composing, and postulation composing administrations according to the college rules.
    my assignment help
    law assignment help
    Assignment Help UK

  21. American Airlines Customer Service offer you the best deals, discounts and offers on ticket bookings available in the market. We also provide important updates on your upcoming flights,