4 ms·

Since I am not going to be driving it, do I still need car insurance? Shouldn't the company who develop the Self-Driving tech be liable for any accidents/damag

by srcmap 9y ago

Since I am not going to be driving it, do I still need car insurance? Shouldn't the company who develop the Self-Driving tech be liable for any accidents/damages its tech might cause? If so, great deal for consumers, but I doubt the developers of the Self-Driving Tech would agree pay for the insurance for everyone

randyrand 9y ago
At the end of the day, it doesn't really matter. The car owner will still pay either indirectly or directly. There is no other choice. If the software developer is liable, then the software developers will just include that extra cost upfront when you purchase the self driving software/vehicle, or more likely as a monthly subscription to continue using their software, just like insurance! If the customer is liable, then customers will just purchase separate insurance like we already do. At the end of the day it's pretty much the exact same system. My 2 cents is we should just keep our current system and let people buy insurance from a third party instead of having to go through the software developer.
- Spivak 9y ago
  It's not just about who pays for the policy, its about all the other insurance things. If your car is 'at fault' in an accident and you weren't driving do your rates go up? What does that even mean?
  - maxerickson 9y ago
    Wouldn't the sensible thing to be to set rates on a per system (and version) basis? It's a really, really uniform pool, especially if you also have geographic risk information.
  - randyrand 9y ago
    I imagine your rate would be the same as everyone that uses your self driving software version. In fact, your rate could go up because other people with your software are getting into accidents? Sounds crazy right? But it makes complete sense. Eventually it'd encourage you to switch to a safer self driving car system, which is good.

4 ms·

Since I am not going to be driving it, do I still need car insurance? Shouldn't the company who develop the Self-Driving tech be liable for any accidents/damag

by srcmap 9y ago

randyrand 9y ago
At the end of the day, it doesn't really matter. The car owner will still pay either indirectly or directly. There is no other choice. If the software developer is liable, then the software developers will just include that extra cost upfront when you purchase the self driving software/vehicle, or more likely as a monthly subscription to continue using their software, just like insurance! If the customer is liable, then customers will just purchase separate insurance like we already do. At the end of the day it's pretty much the exact same system. My 2 cents is we should just keep our current system and let people buy insurance from a third party instead of having to go through the software developer.
- Spivak 9y ago
  It's not just about who pays for the policy, its about all the other insurance things. If your car is 'at fault' in an accident and you weren't driving do your rates go up? What does that even mean?
  - maxerickson 9y ago
    Wouldn't the sensible thing to be to set rates on a per system (and version) basis? It's a really, really uniform pool, especially if you also have geographic risk information.
  - randyrand 9y ago
    I imagine your rate would be the same as everyone that uses your self driving software version. In fact, your rate could go up because other people with your software are getting into accidents? Sounds crazy right? But it makes complete sense. Eventually it'd encourage you to switch to a safer self driving car system, which is good.