Last year, Entrepreneur highlighted a few of the ways The Jetsons predicted the future. Among video calling capabilities, 3D-printed food (something we still can’t believe is possible) and smart watches, it seems that the 1960s space age cartoon also foretold the self-driving and, now, flying cars that will soon make up the automotive revolution. But just how soon will our commute be able to take us up, up and away from rush hour traffic?
Self-Driving Cars on the Horizon
Self-driving cars have been in the news for some time now. We’ve heard about Tesla’s models, Uber’s interest in the system and, of course, Google’s involvement. All of that has left us wondering, “When will self-driving cars ever get here?” The answer is, “Soon!”
Lest week, Google let the world know its self-driving cars are ready for the road (or, at least, ready to move out of the Google house of experiments). And Michael Bloomberg sees self-driving cars in our very near future. The former New York mayor and soda cap advocate is working to develop policies for incorporating self-driving cars into our existing roadways. His program, the Bloomberg Aspen Initiative on Cities, even has 5 locales selected to begin testing. Get ready, America—self-driving cars are on their way!
Flying Cars—Coming to a Skyway Near You
In related self-driving news, this October, Uber announced plans to pursue flying cars. The alternative taxi service aims to have fleets available for testing in the next five years in all regions by 2027. Not to mention, fares will be affordable for all (think $21 for a 60-mile trip), and a 2-hour driving trip could be reduced to as little as 15 minutes! Uber Elevate, the flying cars division, hasn’t mentioned concerns over regulations (seems like the FAA might get involved at some point), but, for now, we can dream of the day that our self-flying Uber takes us from LA to SF faster and cheaper than any car or plane.
Insurance and the Self-Driving, Flying Car
Wow, where to start! The insurance industry isn’t exactly sure.
Self-driving cars will mean major changes to the insurance industry. Certain coverage types, like liability insurance, will take on a new role as manufacturers may now be considered a responsible party when accidents occur. Other insurance areas related to weather and theft may drop in price due to the potential for lower payout costs associated with today’s accident rate. At this point, only time will tell how auto insurance will be changed to reflect advancing technology within the automotive industry.
But Flying Cars Aren’t Here Just Yet
Which means, you’ll still have to insure that car made only for the road. Make the process an easy one by letting our brokers shop the market for you—even if your driving record isn’t perfect. Give us a call at 1-877-728-9966 or go online to get your free quote.
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