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This aspect of insurance is widely misunderstood. First of all an extra 4 cents/mile just for insurance is really expensive. But wrongful death and personal inj

This aspect of insurance is widely misunderstood. First of all an extra 4 cents/mile just for insurance is really expensive. But wrongful death and personal injury lawsuits can result in very large judgements, especially when we get to punitive damages for a large corporation. Individual offenders regularly go bankrupt. It may be wishful thinking that this can be easily solved with "insurance". There is also the criminal negligence aspect to consider.

spikels 9y ago
4 cents/mile is roughly in line with rates for traditional auto insurance today. And as these rapid improvements are likely to continue, these costs will quickly come down. Sure you can imagine some class action / criminal legal disaster but the auto industry has survived repeated scandals. Corporate criminal negligence is extremely rare. In five or ten years this technology could be saving 100,000 lives every year. I hope we are not so risk adverse that these benefits are needlessly delayed. http://www.insurance.com/auto-insurance/auto-insurance-basics/pay-per-mile-auto-insurance.aspx http://www.insurance.com/auto-insurance/auto-insurance-basic...