With vehicles programmed to communicate and stop before hitting an object, collisions could virtually disappear and mean insurance discounts. As more automobile manufacturers include wireless technology in their vehicles letting them communicate with each other and warn drivers of potential danger, more accidents could be prevented in the future. Vehicle liability insurance could become the responsibility of the product manufacturer and their vendors with the cost being included into the price of a driverless vehicle.
The National Highway Traffic Safety Administration said that this technology could help avoid 70% to 80% of automobile crashes involving unimpaired drivers. “This new technology could benefit consumers because insurance companies would likely give substantial discounts for driving a car with Vehicle to Vehicle (V2V) communications capabilities,” said insuranceQuotes.com senior analyst Laura Adams.
“Customers would potentially have a lot to gain if they are choosing to drive a car with these features and insurance companies may offer substantial discounts to consumers who drive these cars,” she said.
Some consumers are already expressing concerns that it would pose privacy issues and could result in authorities tracking your speed, whether you are following too closely to another car and other movements. “The technology has worked very well in the real world during tests,” Adams said. “There are more pros than cons that can come out of this. Consumers can stay safe and save money if they are willing to give up some information to let people know where they are on the road.”
“The insurance industry will react to driverless cars by retooling their offerings to sell product liability insurance to vehicle manufacturers,” said Valerie Raburn, vice president and chief innovation officer of insurance for Xerox, the technology company based in Norwalk, Conn. Another added benefit is that the concept of a “distracted driver” will cease to exist, which means less accidents and lower insurance rates.
If you have a collision – contact Davis Body Shop for top quality repair and restoration. Our numbers are: Atascadero (805) 466-2446 or Paso Robles (805) 239-8752.