After several incidents with autonomous driving and cars being hacked and taken over, a more dangerous side of the new technology appears.
Hacker attacks or faulty software could shift the burden of legal and regulatory liability toward makers of self-driving cars and away from customers, experts say, forcing regulators and insurers to develop new models.
Autonomous cars have the potential to reduce the rate of traffic accidents as sensors and software give a car faster and better reflexes to prevent a collision. However, a greater level of automation increases the need for cyber security and sophisticated software, experts said.
“Although accident rates will theoretically fall, new risks will come with autonomous vehicles,” said Domenico Savarese, Group head of Proposition Development and Telematics at Zurich Insurance.
“What should be done in the case of a faulty software algorithm? Should manufacturers be required to monitor vehicles post-sale in the case of a malfunction or a hacker attack?” Savarese asked.
While established models for assigning liability – such as holding the owner responsible for what the car does – will still be relevant, the onus may shift toward manufacturers.
Greater automation may also change consumer behavior and affect insurance costs if drivers become less vigilant and less practiced in their ability to avert an accident.
Is it time that good driving is rewarded for younger drivers too?
Car insurance is always expensive for new drivers, however that is all about to change. A UK insurance company called Ingenie will be arriving in Canada to revolutionize car insurance for the average young driver. This will allow people between the ages of 16- and 24 the opportunity to lower their insurance through technology.
The goal is to repeat the success the company had in the UK, evaluated by Aviva Insurance this is one of the first companies to use technology as a way to observe and correct young drivers through an Internet connected device. This allows the company to stand out from the many other who offer discounts based on driving habits and records, but this is the first in history to offer to young drivers.
I sat down with the company’s founder and CEO, Richard King, to learn more.
Plug the Smartbox into a port in your vehicle, install the accompanying app onto your iPhone or Android mobile device, and let the tracking begin. That’s the key here – you’re trading your driving information for lower rates.
Like ingenie’s tagline says: “drive well, pay less.”
Drivers get 10% off by signing up, and save up to 25% during the year by proving they’re driving safely. If they’re not, though, then the prices increase.