By: Luke Jones, Published on October 4, 2017 02:46 PM, Last Update on October 4, 2017 11:47 AM
More than eighty per cent of Americans surveyed by American International Group (AIG) believe that auto insurance coverage will still be needed for drivers of fully autonomous vehicles. More than a third of respondents say they think safety issues will prevent or stall the widespread availability of driverless cars.
AIG released the survey results on Tuesday. Titled Autonomous Vehicles Insights, the survey was conducted over 1,000 adults in the United States.
“On average,” respondents “think it will take 22 years for driverless vehicles with no active input from human drivers to represent more than 20 percent of the vehicles on the road and that it will take 34 years before the autos make up the majority of vehicles in the U.S.,” AIG said Oct. 3 in a release.
The study was conducted in collaboration with McLaughlin & Associates and Pinkston Group. Participants were able to “select up to three options that they felt were the most significant factors delaying or preventing the wide availability of driverless vehicles.”
After insurance and safety, 55% believe costs will be too high, while 41% believe that “computer systems won’t be adequately secured” and “people enjoy driving too much.” Finally, 35% believe the vehicles will not be safe.
A majority (81%) “of respondents think individuals who purchase or ride in fully driverless vehicles should still be required to have auto insurance,” AIG said.
“There are many ways for the driverless vehicle story to unfold over the next several years,” added Gaurav Garg, AIG’s chief executive officer of personal insurance. “It is critical for insurers to carefully watch the trend to help prepare clients – both consumers and businesses.”