Trucking AI has been on the mind of many businesses. With the current trucking crisis, many businesses are looking to fill the gaps that retiring drivers are leaving. With a shortage of new drivers looking to fill these roles. The attention of Tesla’s new smart truck has caught the eye of many looking to make the switch. With the new prospect of self -driving trucks on the horizon, many insurance agencies are asking the question: What will insurance agencies do with self-driving trucks?
Trucking AI = Limited Driver Interaction
The whole idea for fully-operational vehicles is that they do not require a driver. Since insurance agencies are able to create a policy based on the previous driving records of the operator, this might not necessarily be the case in the near future. So where does the variable sit for insurance agencies?
Trucking AI Will Decrease Insurance Policies
The AI industry will first see its accessibility within the consumer vehicle market. Once it establishes itself with a proven track record, then you will start to see more and more semi-trucks utilizing self-learning algorithms. These new methods for transportation have already played their hand within the industry. The idea of utilizing a self-learning algorithm for consumer vehicles has created a small rupture for insurance agencies.
Tesla Selling Its Own Insurance
Super smart-car company: Tesla, has already begun selling its own form of insurance for their own cars in overseas markets. With countries like China and India holding 17 and 18 in the top 25 worst drivers per country in the world, the automaker has its sights set on providing the responsibility in care for the future. Still, what are basic insurance agencies going to do when people get behind the wheel and no longer need to worry about texting and driving?
Trucking AI Development With Insurance Agencies
The idea of a self-driving car is to improve the safety conditions of the road. If, statistically, a driver makes safer and more practical choices while driving, then for obvious reasons they should remain the figurehead for road safety, but if AI becomes a more effective solution (which it is now becoming) then for all intents and purposes they should be the staple in safe and effective driving. With AI piloted vehicles now provided a much safer place for roads, the necessity for insurance is going down.
Who Is At Fault For AI Accidents?
It is unfortunate that most insurance agencies rely on a post-accident issue. With self-learning algorithms now in the mix, who is really at fault if an accident were to occur? Is it the driver? Or is it the car itself? Many newer versions of the Tesla will be able to pinpoint the exact time and steps the drivers took prior to an accident. If the driver is at fault, then the insurance agency would come after him or her. If the car is at fault, then Tesla or another company would potentially be liable (provided they do not have their own insurance over their vehicle line). All-in-all the overall cost to operate a vehicle will go down exponentially. This will act as a reflection of potential safety standards.