Despite there being fewer drivers on the road, the U.S. Department of Transportation's National Highway Traffic Safety Administration found that 38,680 people died in car accidents in the United States in 2020. (Photo: Piyawat Nandeenopparit/Shutterstock)
In its current form, the proposed infrastructure bill helps insurance companies reduce risk while potentially increasing prices as it evolves toward a more tailored approach. The requirement to have technology that identifies drunk drivers, provides automatic emergency braking or protects infants from accidentally being left in a hot car will change how insurers identify and charge for risk. There will also be a need for a system to track which cars have specific technologies and who manufactures them.
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