10 Common Mistakes in Self-Driving Car Insurance YesEnsure

10 Common Mistakes in Self-Driving Car Insurance

When it comes to self-driving cars, there are some misconceptions about how the insurance industry will be affected. Explore some common mistakes people make when it comes to self-driving car insurance.

No one needs better or worse insurance than before… Right?

10. Higher Insurance Rates

The common misconception is that self-driving cars will be so safe and have such a positive impact on car accidents that insurance rates will be lower. While this could potentially happen, even safer vehicles would result in a large number of accidents to balance things out.

9. Tesla Owners Will Have a Special Discount for Autopilot

While Tesla rates are certainly competitive, there is no discount available for autopilot if you’re a Tesla owner.

8. No Need to Use the Car Insurance You Purchased

Just because your car is capable of driving itself doesn’t mean that you don’t need to use your insurance coverage. If anything, it’s more important than ever to have your insurance information on file so that if for some reason you can’t drive your car, the vehicle is just as protected.

7. It Will Just Drive Itself

While self-driving cars are very safe, they still need to be monitored by a human just in case the technology fails. When this happens, it’s important to have a backup plan so you can safely control the car.

6. It Will Be Cheaper to Insure a Fully Autonomous Car Than a Semi-Autonomous One

It’s possible that once all cars are fully autonomous, they will be easier to insure than semi-autonomous cars because of their increased safety. However, until then it would be best to estimate your costs as if you were driving a fully autonomous car.

5. It’s Cheaper If You Only Insure Yourself for Driving

It doesn’t matter if you’re the one driving or not – what matters is that someone in the car is covered by insurance just in case of an accident. 

4. You Don’t Need to Wait for the Government

It’s true that the federal government has proposed legislation for all self-driving cars, but it’s unnecessary to wait until they pass any laws before buying or insuring a self-driving car.

3. You Don’t Need Insurance Until Your Car is Fully Autonomous

Even if your car isn’t fully autonomous, it can still get into accidents. For this reason, it’s best to get insured as soon as you get your car – whether it has autopilot or not.

2. You Need Insurance From the Company Who Manufactured the Car

When getting a self-driving car, you don’t need insurance from the company who made your car. You can get your insurance from any provider you want.

1. The Insurance Company Will Know If Your Car is Fully Autonomous

Sometimes people think that if they have a fully autonomous car, their insurance company will find out and raise their rates or even cancel their policy altogether. In reality, the only way your insurance company would know is if you told them.

When will self-driving cars be fully autonomous?

It’s hard to say when all cars will be fully autonomous, but it’s certainly not necessary to wait until they are.

Is anyone monitoring my car when I use autopilot?

While autopilot is meant to be a more hands-free experience, a human is still monitoring the car and can take over if anything goes wrong.

When will insurance rates decrease if everyone has self-driving cars?

It’s possible that insurance rates will decrease when all cars are fully autonomous, but until there are enough accidents to balance it out, they won’t be any different than if you were the one driving.

Is there a discount when buying a Tesla for autopilot?

No, there is no discount available when buying a Tesla for autopilot capability.

Do you still need insurance if your car is semi-autonomous?

While it may seem like you don’t need insurance if your car is semi-autonomous, it’s actually more important to make sure you and your car are protected in case of an accident.

In A Nutshell

We hope that this blog post has been helpful and informative. If you have any questions or concerns, please don’t hesitate to reach out!

Scroll to Top