Robotic cars that can drive themselves are on a collision course with every single car insurance company that makes a profit insuring against the losses incurred with a car accident.
Robotic cars will drastically reduce the likelihood of a car crash which will cause car insurance companies to reduce their premiums.
Reducing premiums will mean drastically reduced revenue and eventually that could cause car insurance companies to go out of business completely.
Find car insurance rates in your area before robotic cars change history!
How Increasing Safety Features Affects Car Insurance Companies
If fender-benders and running red lights in addition to major accidents were no longer prevalent, car insurance companies would be forced to lower coverage, thus making less profit.
Brad Templeton, an expert on robotic car technology, has assessed the gamut of implications of a wide scale robocar takeover of the roads.
Looking ahead, he assures us that car insurance companies do not want people to keep dying to keep premiums up; they just want to be players in the new world.
We can only hope for such an optimistic outlook on their adapting, either into antiquated, small-scale niche markets or into companies that turn their product of insurance into something else altogether.
It may be back to the drawing board for insurance companies!
Technology Continues to Dominate
Who cares about crash safety ratings if no one ever gets into a crash?
According to David DiSalvo on Forbes, these changes will affect us like this:
“Self-driving cars will result in both good and bad outcomes. On the good side, they’ll make our growing attention deficits while driving less of an issue because the car will supplement our voids in attention. On the bad side, they’ll no doubt give us one more excuse to pay even less attention than we already do, adding yet another layer to the culture of distraction.”
So how does a self-driving car actually work? In the Google robot cars, laser radar is mounted to the roof forms a type of invisible barrier so that obstacles such as other vehicles, pedestrians, and bicyclists.
Other technologies will also be incorporated, such as collision avoidance where a spectrum of abilities is installed into the cars that caution drivers of dangerous situations.
They may even go as far as actively controlling the car so as to avoid an accident. This would indicate that a human-built device will nearly have the intelligence of a human, without the ability to be distracted by outside items.
Fault: Whose is it?
The major question at hand is whose fault it will be if and when a robotic self-driving car is in an accident.
One may think that if the robot is driving the car, the robot would be at fault. Alas, things are not what they seem.
Currently, if an accident were to occur, the person sitting in the driver’s seat will be responsible.
In the Google car, even though the car will drive itself, a human must be sitting in the driver’s seat with a second human in the car as well, controlling the computer.
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Benefits of Self-Driving Cars
Drivers who don’t actually have to drive will enjoy the extra time usually spent on their daily commute catching up on the endless to-do lists.
Another desperately needed change would be the parking situation that haunts many a driver.
No more paying an arm and a leg for a spot outside your apartment or workplace; no more circling for what seems like hours at the busy shopping centers or universities.
According to this article from Timothy Lee, parking spaces would all but be eliminated. This would also affect the taxi industry, allowing people’s private vehicles to pick them up and drive them home.
No more designated drivers to be appointed. You will have a forever DD with your robocar !
Some more serious advantages robotic cars will allow a reduced number of accidents, which in turn mean reduced casualties.
Ready or Not, Here They Come!
As mentioned before, Google has recently acquired a license to test their self-driving cars in Nevada, according to VentureBeat.com.
In the next few years, we may be seeing different prototypes emerging in the auto market, as well as likely reduction of car insurance costs to drivers.
In all seriousness, with the announcements from Google that these self-driving cars may be imminently available, the future is closer than we think.
Technology has continued to take our society further into the “future” and will continue with the introduction of driverless cars!
Before you invest in a robotic car, find car insurance rates in your area today.