How Are Self Driving Cars Going To Impact Auto Insurance?
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaDon’t forget that insurance is a pooling of risk and that it is measurable. While this is certainly beyond my area of expertise, auto insurance premiums are always developed by experience. If these self-driving cars become available insurance companies will make preliminary estimates and will issue policies based upon those estimates. As experience develops they will adjust rates to reflect the actual cost of insuring the vehicles.Answered on January 9, 2015flag this answer
14231 POINTSview profileTom SheehanAgency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482The jury, as they say, is out on this one. We don't really have any viable examples of these things in regular use on the roads so insurance companies and their actuaries don't really have any data to measure. Anything offered on this subject it purely specuation at this point.Answered on January 9, 2015flag this answer
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