As Self-Driving Cars Hit the Road; Innovation Is Outpacing Insurance
As self-driving cars become more common on the road, insurance companies are struggling to keep up with innovative technology. Although the process of using insurance for self-driving cars is relatively the same as it is for traditional cars, coverage is set the same way, leading to questions about who is responsible in case of accidents. The recent case of the Tesla Model S fatality while in Autopilot mode highlights the fact that software crashes can cause accidents. The industry's insurance rates will likely be impacted once more actuarial data comes in about self-driving car accidents.
