Insurance is one of the most competitive markets in the country, and in any given area you will find many auto insurance companies ready to give you their business. While that may seem intimidating, it is actually great for customers. More companies means better pricing, and the freedom to make sure you are going to have a great consumer experience.
This proposal is in consideration so that victims of auto accidents are able to receive compensation. The bill would also protect the party at fault from financial collapse. However, though the model behind ride-sharing provides a relatively straightforward solution, the potential demand for self-driving cars produces a tougher problem for the insurance industry and legislators alike.