Monthly Archives: November 2013

What happens to Auto Insurance when there are no accidents?

Check out this discussion of the future of insurance companies when driverless cars are adopted.

Something we have been thinking about…….what happens to the insurance policy for someone with a driverless car?  Google now has over a million miles on there car, on the highways, without an accident.  Much of the premium for car insurance is in collision and liability.  Who pays a premium for liability if you are not driving?  Not the car owner, I bet!

That only leaves premium for damage done by weather and vandalism.  Did the future of car insurance just get much cheaper?   Will they simply offer it as a rider on a home policy? And if you don’t think this is possible, talk to all the bookstore clerks who are now looking for work.

The world is changing rapidly.  For more info go to Wikipedia here.