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If you’ve been paying attention to the media, lately you might have noticed that some people are obsessed with the idea of autonomous cars. Volvo have even suggested that the new tech will lead to zero accidents in their cars by 2020. Some people are already suggesting that in a few years we might no longer need car insurance and at this moment, you’re probably jumping for joy. After all, no car insurance means one less bill to pay. But is this really a possibility? The answer I’m afraid is no, and there are a few reasons for this.
Car Insurance Is A Billion Dollar Industry
If you’ve ever been in an accident, you will know that getting an insurance company to pay up can be a complete nightmare. According to http://www.greenberglawoffices.com/milwaukee-car-accident-lawyer/, after a crash, an opposing insurance company is going to do whatever they can to keep what they have to pay out at a low level. They’re right too because insurance companies are a profit machine and if they pay too much out, they lose money. So, at this point, you have to ask whether there’s any chance of an industry this large disappearing and the answer is no. The only way the insurance companies for cars disappear altogether would be if this new tech was infallible and...it clearly isn’t.














