> Insurance does not typically cover the cost of killing or seriously injuring someone.
Umm... That's pretty much exactly what liability insurance covers. Even with maximums, insurance companies frequently have to pay the whole amount regardless of what the policy says.
Anyone who is collectible (i.e, who can't just declare bankruptcy in the case of a multi-million dollar settlement) should carry umbrella coverage, though, because the insurance company may try to come back to you to collect.
It's cheap compared to car insurance, and it can cover into the millions.
>and a whole category of single-vehicle accidents than now result in lawsuits.
If you're talking about single-vehicle accidents where the human is at fault, then I wouldn't be surprised if those dropped to almost zero for self-driving cars. The place where self-driving cars have the most trouble is in complex situations involving multiple moving objects; most situations where the car just runs into something, harming its occupants, would rightfully be considered a defect.
And as others have mentioned, manufacturers already factor in the cost of defects into the total cost of producing a car.
Umm... That's pretty much exactly what liability insurance covers. Even with maximums, insurance companies frequently have to pay the whole amount regardless of what the policy says.
Anyone who is collectible (i.e, who can't just declare bankruptcy in the case of a multi-million dollar settlement) should carry umbrella coverage, though, because the insurance company may try to come back to you to collect.
It's cheap compared to car insurance, and it can cover into the millions.
>and a whole category of single-vehicle accidents than now result in lawsuits.
If you're talking about single-vehicle accidents where the human is at fault, then I wouldn't be surprised if those dropped to almost zero for self-driving cars. The place where self-driving cars have the most trouble is in complex situations involving multiple moving objects; most situations where the car just runs into something, harming its occupants, would rightfully be considered a defect.
And as others have mentioned, manufacturers already factor in the cost of defects into the total cost of producing a car.