How will autonomous vehicles affect car insurance?

How will autonomous vehicles affect car insurance?

Autonomous vehicles are expected to significantly change the insurance landscape by reducing accidents, which could lower premiums.

What types of insurance will be most affected?

Liability insurance will be heavily impacted, as manufacturers may take on more responsibility for accidents involving their vehicles.

Will insurance companies need to change their business models?

Yes, insurance companies may need to shift towards usage-based models and focus more on data analytics to assess risk.

How will this impact insurance costs for consumers?

In the long term, costs may decrease due to fewer accidents, but initial adjustments could lead to higher premiums as companies adapt.

Are there any legal implications for insurance with autonomous vehicles?

Yes, legal frameworks will need to evolve to address liability issues and the role of manufacturers in accidents.