Driverless Cars will reduce Insurance Premiums

Published: 5 March 2020

The Chartered Insurance Institute reports “When autonomous vehicles eventually appear on public roads, what will be the impact on the insurance sector? Adoption of autonomous vehicles could remove 60% of premiums from the motor market, according to a report published by law firm Kennedys.

 

There is ongoing debate – partnered with some scepticism – about when driverless cars will be introduced. The UK government is currently funding numerous research projects working on simulation and modelling to aid the development of connected and autonomous vehicles, while striving towards its target of seeing “fully driverless cars” in use in Britain by 2021.”