Self-Driving Car Insurance

Read the part about higher insurance rates for people who want to risk driving themselves.

What will insurance companies do if people aren't crashing cars?

Insurance finally catching up to the real costs of insuring drivers

lets talk about insurance. do you think cars shouldn't have insurance as well ?

The difference is aggregate vs specific data. If insurance companies use the cars' data to change their policies in aggregate, there's no problem. Meaning, if they discover that cars of a particular brand have more accidents, they can raise premiums on owners of that brand of car. On the other hand, determining that YOU drive really fast, should NOT trigger a higher premium.

In the US, car insurance gives discounts for all sorts of things and charges bad (really, high risk) drivers more. For example:https://www.statefarm.com/insurance/auto/resources/high-risk...

Only criminals need to modify their car.Now accept our integrated telemetry gathering that reports directly to LexisNexis so insurance companies can raise your rates [0].Surely you understand, think of the children![0] https://www.nytimes.com/2024/03/11/technology/carmakers-driv...

Traditional insurance companies have been offering a version of this for a while now. Apparently the term of art is usage-based insurance. https://wallethub.com/edu/ci/usage-based-insurance/14118

Insurance is based on the cars you may hit that are not your own. Prices have been going up. So not surprised.

A similar thought has led me to a telemetry-enabled car liability insurance. I simply did not want to compensate others for risky driving.Telemetry-enabled insurances offer you a huge discount when you're driving "safe" - in case of my insurance, that was determined by speeds driven, acceleration and speed in curves.