The Impact of Autonomous Vehicles on Car Insurance

The Impact of Autonomous Vehicles on Car Insurance

With the rise of autonomous vehicles (AVs), the car insurance industry is facing a significant shift in how it assesses risk and provides coverage. Autonomous vehicles, which rely on advanced technology to drive without human intervention, have the potential to reduce the number of accidents caused by human error.

However, this technological advancement raises questions about liability in the event of an accident. Insurance companies are now developing new models of coverage that take into account the role of technology in driving. These models focus on coverage for vehicle manufacturers, software developers, and the liability of the car’s technology in accidents. As autonomous vehicles become more prevalent, the car insurance market will continue to evolve, ensuring that the coverage offered reflects the new types of risks and responsibilities associated with self-driving technology.