Self-Driving Cars: Fewer Accidents May Not Lead to Cheaper Insurance

Will self-driving cars mean lower insurance prices?

Self-driving cars: Fewer accidents may not lead to cheaper insurance

(NewsNation) — Autonomous vehicles could eventually lead to fewer car accidents and shake up the $400 billion U.S. auto insurance industry, but don't bank on lower premiums anytime soon. That's according to a recent Goldman Sachs research note cited by Bloomberg, which suggests the types of risks insurers cover in the future may shift rather than disappear. "Autonomy has the potential to significantly reduce accident frequency longer-term and re…

Goldman Sachs predicts autonomous cars will slash insurance costs by 50%—but could create headaches in figuring out fault in accidents

As accidents caused by human-error decrease, insurance companies may have to consider the liability of the manufacturers and tech companies.

Goldman sees autonomous vehicles transforming insurance world

The rise of autonomous vehicles will force a reconfiguration of the $400 billion U.S. auto-insurance industry, according to Goldman Sachs.

Artificial Intelligence Potential in Vehicle Insurance Begins to Bloom

AI could analyze vehicle damage, cost of repair and, theoretically, allow insurers to suggest design improvements to automakers to drive down future claim costs. The post Artificial Intelligence Potential in Vehicle Insurance Begins to Bloom appeared first on MOTOR.