Autonomous vehicle liability. Despite fully autonomous cars being several years away, insurers must consider and plan for the implications now. (Photo: Shutterstock)

“Self-driving cars” have long been touted as the transportation future. Investments by automotive manufacturers in technology to test the limits of the theory of autonomous vehicles and the slow introduction of self-driving vehicle features in mainstream vehicles have both made science fiction more of a reality than ever before.

Any discussion regarding insurance coverage and autonomous vehicles needs to recognize the fact that autonomous vehicles will considerably expand lines of coverage that insurers will be able to offer. By fully understanding the evolution of vehicles and preparing tailored policies now for future use, insurers can be at the forefront and gain a competitive advantage in the world of autonomous vehicle coverage.

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