In its article, today, "Insurers Brace for the Self-Driving Future and Fewer Accidents," The New York Times notes, "With fewer drivers behind the wheel making mistakes, accidents and insurance premiums are expected to fall, and some insurance companies may not survive."
The article validates our contention: that "auto insurance will see that premiums will go down as accidents decrease – and that will change one dynamic of driverless cars (perhaps not theft, however)."
That's nice to start the year with some quick validations.
One thing we haven't figured out about driverless cars is that there will need to be an infrastructure investment on the part of highways and roads -- to make it easier for driverless or autonomous cars to get around -- and also by those who run parking garages and city parking spots. If these cars lack steering wheels (as Google would prefer), how do you indicate where to park once you arrive at your destination? Let's say you want to shop at the mall, and it's mid-December, and parking spots are hard to find -- how does your driverless car find a parking spot, avoiding handicap spots and those for short-term pick ups (like those near some restaurants)? Or, how about pulling into a gas station, to an empty pump? Or what if you're driving into Manhattan, and have an appointment but can't find on-the-street parking? Do you send you car on a trip around Manhattan for the 45 minutes you're at your appointment?
We're sure someone is working on a solution. But right now, I'm concerned that in the future, we will see lots of empty cars driving around because they can't find parking.