Autonomous Vehicle Technology and the Insurance Impact

Automotive technology is advancing more quickly than ever and the functionality of vehicles on public roads is changing seemingly overnight. The first internal combustion engine motorized vehicles entered public roadways in the late 1800s. Since that time, technology has developed rapidly, making it so cars on the road today are a far cry from the first prototype. As vehicles have developed and new technology has been introduced, motor vehicle regulations have generally kept pace. When public roads surfaced as the common mode of transportation, rules of the road were simultaneously developed and put into place to limit roadway accidents and to protect the public.