Tesla’s CyberCab Insurance Challenge: How Will Personally Owned Autonomous Vehicles Get Coverage? 

Sergey Litvinenko, Co-Founder & CEO, Koop joined Grayson Brulte on The Road to Autonomy podcast to discuss insuring personally owned autonomous vehicles beginning with the Tesla Cybercab.

Insuring autonomous vehicles without steering wheels and pedals presents unprecedented challenges that could potentially halt widespread adoption if the insurance is not figured out. While there currently isn’t an insurance product for personally owned fully autonomous vehicles, perhaps Tesla Insurance may have been created specifically to address this challenge?

A critical aspect of insuring personally owned autonomous vehicles will be the handling of post-accident repairs and liability. OEM-backed insurance, particularly Tesla Insurance, is best positioned to handle these challenges due to their direct access to vehicle data, repair capabilities, and understanding of their unique vehicle designs.

While there may be initial concerns about litigation and fraudulent claims, the comprehensive data collection from autonomous vehicles will help combat false claims. The future of personally owned autonomous vehicle insurance is likely to see rates decrease over time as safety performance improves.

Episode Chapters

• 0:00 Insuring CyberCab
• 4:23 Insuring Personally Owned Autonomous Vehicles
• 7:13 Liability for Personally Owned Autonomous Vehicles with No Manual Controls
• 9:01 Repairing Personally Owned Autonomous Vehicles
• 13:23 In The Event of a Crash, Who is Responsible?
• 23:36 Rider Liability Insurance
• 26:54 Underwriting Risk
• 36:43 First Personally Owned Autonomous Vehicle Policies
• 38:27 Key Takeaways