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The Almighty Buck Transportation AI Businesses United Kingdom Technology

Insurers Are Rewarding Tesla Owners For Using Autopilot (reuters.com) 140

Britain's largest auto insurance company Direct Line is testing out an idea to let Tesla owners receive a 5% discount for switching on the car's autopilot system, seeking to encourage use of a system it hopes will cut down on accidents. Reuters reports: The move - confirmed by company representatives in response to Reuters' questions - is Tesla's only tie-up in the UK and comes at a time when the company is trying to convince insurers that its internet-connected vehicles are statistically safer. Direct Line said it was too early to say whether the use of the autopilot system produced a safety record that justified lower premiums. It said it was charging less to encourage use of the system and aid research.

"Crash rates across all Tesla models have fallen by 40 percent since the introduction of the autopilot system ... However, when owners seek to insure their Tesla vehicles, this is not reflected in the pricing of premiums," Daniel Pearce, Financial Analyst at GlobalData, said. Direct Line, which is enjoying soaring motor insurance prices in Britain, said it sets premiums for Tesla drivers based on the risk they present, including who is driving, their age, driving experience and claim history.

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Insurers Are Rewarding Tesla Owners For Using Autopilot

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  • by zenbi ( 3530707 ) <bryan@pipedot.org> on Friday December 08, 2017 @08:40PM (#55704703) Homepage
    Our rates have decreased by 40%! Lets give them a discount of 5% because we are so generous!
    • by Z80a ( 971949 )

      Yep.
      That's how capitalism works, they will try always to get the highest profit, so they will increase the discount until they get the perfect balance, and if they have actual competition, they will get the discount even higher just to cut out the rival.

    • by AmiMoJo ( 196126 )

      And how do they know you are using it? Sounds Orwellian, they must be getting data from Tesla who monitor everything you do. The car logs every action, no matter how trivial, and Tesla get some kind of telemetry from that. Naturally they don't tell you what they know, but from their statements it seems to be everything.

  • Pretty sure accident rates in that case are pretty dramatically lower too, other things equal.

    • by Z80a ( 971949 )

      Probably would be a thing if it was easy to track if people are not using celphones.

  • Today (Score:4, Interesting)

    by Anonymous Coward on Friday December 08, 2017 @08:52PM (#55704739)

    ... it's switch on your autopilot for a 5% discount.

    Tomorrow, it will be manual controls disabled unless you pay the 500% self-drive (i.e.: think "self-serve", you get to drive it your self!) premium.

    • Steering wheels are expensive technology, bro.
      • And windshields - seriously. It won't be long before it will be cheaper to paper the inside of the car with displays, and we'll just be able to display whatever scenery or videos we want. Myself, I'll have to have scenery to avoid sickness.
        • by Anonymous Coward

          we'll just be able to display whatever scenery or videos we want.

          That's a funny way to spell "4 foot wide McDonalds ads"

        • Myself, I'll have to have scenery to avoid sickness.

          It had better be the scenery outside the car, displayed with very low latency, or you'll get sick. One of the biggest factors inducing motion sickness is when the motion reported by the inner ears doesn't match the motion reported by the eyes. This is why many people can't read or watch a movie in a moving vehicle.

          OTOH, if the car's screens projected a book or a movie on the displays, but made them appear as though they were on a very large billboard (which somehow kept up with the car), complete with app

        • And windshields - seriously. It won't be long before it will be cheaper to paper the inside of the car with displays, and we'll just be able to display whatever scenery or videos we want. Myself, I'll have to have scenery to avoid sickness.

          Which is why passenger trains, busses, and passenger jets don't have windows...

    • Re:Today (Score:5, Insightful)

      by RhettLivingston ( 544140 ) on Friday December 08, 2017 @10:17PM (#55704945) Journal
      Exactly. We aren't there yet, but there will come a point where insurance rates for manual driving will start following a geometric curve. When they hit a steep enough point, there will be a serious discussion of outlawing manual driving so that we can start saving money on all of the vehicle safety equipment such as seat belts, airbags, and bumpers and get rid of speed limits and tailgating laws that reduce drafting efficiency. Long before that, the police departments will no longer be able to justify patrolling for speeders. Just one more job wiped out by AI.
      • When they hit a steep enough point, there will be a serious discussion of outlawing manual driving so that we can start saving money on all of the vehicle safety equipment such as seat belts, airbags, and bumpers and get rid of speed limits and tailgating laws that reduce drafting efficiency.

        We can only hope the first big EMP comes before society makes that many short-sighted utopian decisions in a row so we'll only be partially screwed and will have a chance to recover.

        • by Kjella ( 173770 )

          We can only hope the first big EMP comes before society makes that many short-sighted utopian decisions in a row so we'll only be partially screwed and will have a chance to recover.

          Meh, any civilization trying to rebuild is going to have a damn hard time no matter what because of economic efficiency. All the easily accessible ore? Gone. Oil? Pumped up. Coal? Mined. Sure we have plenty of it still, but only deep down where only high tech can reach it. And I expect a collapsing civilization will kill off most remaining large animals, fish and other resources as the excess population starves to death. Sure we could try passing knowledge, but you'd probably be back to struggling with the

        • Dont get ahead of yorurself. The current ragime has ensured that 'peak utopia' wont be an issue in our lifetimes.

          "Roll up your sleeves citizens - Its mosquito time!"
          The Donald

           
        • Find me a car newer than a Model T that won't be rendered inoperable by an EMP. ...and GP is wrong. Safety equipment will always be mandatory, and ever increasing. Heaven forbid someone gets bruised when a deer jumps in front of a self-driving car and totals it.

    • ... it's switch on your autopilot for a 5% discount.

      Tomorrow, it will be manual controls disabled unless you pay the 500% self-drive (i.e.: think "self-serve", you get to drive it your self!) premium.

      Yep, and at that point traffic fatalities will drop to a miniscule fraction of what they are now. This will be a good thing.

      • by epyT-R ( 613989 )

        Yeah, until the first bored teenager with a laptop at an overpass has his way with the mesh network of cars...

        • Yeah, until the first bored teenager with a laptop at an overpass has his way with the mesh network of cars...

          Meh. Rocks are much easier.

    • Tomorrow, it will be manual controls disabled unless you pay the 500% self-drive (i.e.: think "self-serve", you get to drive it your self!) premium.

      That day, self drive shouldn't require insurance.

      Self drive should just work, no mistakes. Do you expect that from tires? Who buys tire failure insurance? Yet tire failure is damn scary.

  • Tesla users' umbrella insurance policy premiums just went up 1000%.

  • by sinij ( 911942 ) on Friday December 08, 2017 @10:43PM (#55705021)
    Is there decapitation waver that I have to sign to get this discount?
    • Decapiations will stop the very moment imbecils wil be prohibited from taking the seat behind the wheel. The real safety problem on the roads is the very low standards for getting a driver license, especially on the "resonsability assesment" area. Same with guns.
    • Is there decapitation waver that I have to sign to get this discount?

      Only if you want to watch movies while driving.

      You also receive 1000 Darwin Award votes every time you renew your policy...

  • Driving is boring, autopilot is safe, here's Tom with the weather.

  • I am amazed that there are so many people with so much free time that they want to sit and rotate a wheel side to side for an hour a day. Are they F-ing crazy? Let's be clear, driving is a waste of time, you could be spending that time doing so many other things like being productive, drafting a presentation, video conferencing to your family, watching TV, playing video games, or Netflix. The more you can do in your car during the commute, the more time you can get back so you can do other life things. Some

    • I'm amazed so many people have anything productive they can do in a car. Usually the ride is too short to read a book or study significantly or get any amount of work done. I'm not at home, so I'm missing time with my family anyway. Personally I just want to get to my destination as quickly as I can regardless.
  • Singular (Score:4, Interesting)

    by UsuallyReasonable ( 2715457 ) on Saturday December 09, 2017 @01:13PM (#55707023)
    The article talks about one insurance company; the headline says "insurers". Not the best job composing that headline.

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