According to Smollik, driverless cars are expected to be safer, accident frequency will likely go down, and there will be lower costs associated with insurance coverage and claims payouts.
“People expect that driverless cars are going to be much safer, so just from that standpoint we might expect the accident frequency is going to go down,” said Smollik.
There will be a transition period, he said, and it will take a long time to see gains. That’s because a simple fender bender could be very costly to repair, since bumpers will likely contain several sensors and cameras.
