How Self Driving Cars Could Lower Cost of Auto Insurance

How Self Driving Cars Could Lower Cost of Auto Insurance

I have seen and heard quite a bit about the future of self driving cars. In fact, self driving car technology already exists, and is being tested on public roads in 4 states. Your current vehicle may already possess some of the technologies used by self driving vechiles such as rear collision prevent, self parallel parking, rollover stability and pedestrian alert. Google, Ford, Nissan, Mercedes Benz and others have already developed self driving vehicles.If you keep a close eye out, you may even see a self driving car on the road. A recent Wall Street Journal Article from February 20, 2014 mentions that four states have already passed laws allowing the testing of self-driving cars—Florida, California, Nevada and Michigan - but thankfully not in Carbondale, Colorado (yet). Proponents of this technology argue that it would help reduce accidents by eliminating human errors and distractions and would make commute time into productive time. Opponents of this technology are skeptical of its reliability and safety.Some of the people who may benefit the most from self driving cars are the elderly and disabled. There is an amazing You Tube - Actual Self Driving Car video where a blind man is able to have independence again thanks to a self driving car.A very interesting possibility of self driving cars is that they may end up lowering your auto insurance rates. What experts are saying is that instead of humans being liabile for driving mistakes, they would look to the manufacturers of the vehicle and its technology as the liable party. The good news is you could pay less for auto insurance but the bad news is you may pay more for your vehicle to cover manufacturers liability.I don't know about you, but I'm a little leery of computers in control of cars. I think I can make better driving decisions than a computer, and frankly I just don't trust technology that much - at least not yet. Just thinking of how often my computer at work has glitches it is a good thing it doesn't run my office. There is a lot more at stake if a computer freezes while propelling a 5000 pound peice of metal. I can handle it if I am sitting at my desk and my computer freezes up. I just hit "control-alt-delete". But if my self driving car glitches up that's an entirely different story. So at least for the time being, if I see a self driving car on the road, I'm going to get as far away from it as possible!

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