05 Jul 2019
Around the world, cars typically stand unused almost 98% of the time. And yet so many of us take on a huge financial burden just to own one. We pay out a significant amount every year to cover things like tax, fuel and, of course, car insurance.
Allianz offer third-party liability and comprehensive insurance for electric vehicles from a German company called .
Jaguar Land Rover has launched , a new ownership model that essentially packages ownership costs together in a single monthly payment. This includes the car, tax, insurance, maintenance and breakdown assistance. Allianz underwrite the insurance element of the package.
Last year, Aviva became the official insurer of Lyft in Canadahg0080.com皇冠. Lyft’s commercial insurance policy with Aviva Canada covers drivers from the point at which they accept a ride request to the passengers leaving the vehicle.
"The level of autonomy in vehicles is increasing along with artificial intelligence. These will have a massive impact on motoring which will ultimately pave the way for fully-autonomous vehicles.
"As the technology on vehicles changes, insurers will have to adapt to provide the policies and cover that consumers require. Road safety, claims and insurance will continue to change as mobility evolves and transportation develops."
Attitudes to driving are changing in major cities
hg0080.com皇冠Focused on the need to reduce pollution, many major cities restrict or charge vehicles in congested areas to encourage drivers to use ‘greener’ alternatives.
The Singapore government worked with the Bolloré Group to launch in 2017. BlueSG is a car-sharing service which allows members to access a network of shared electric vehicles 24 hours a day.
The year in which Uber drivers, in London, will be banned from using vehicles that aren’t hybrid or electric.
In India, car ownership in big cities is becoming less attractive. According to the India Times, car sales dipped three months in a row in late 2018. Long commutes, traffic queues, parking troubles and steep fees are putting young professionals off car ownership. Ride-sharing apps like Ola-Uber and BlaBlaCar are now popular instead.
Owning a car simply isn’t the status symbol or beacon of convenience it once was.
No-one can say for certain what the future holds. But people and businesses will move themselves, their families and their goods differently in future. So, their insurance needs will inevitably change. Again.
Claims, blames and automobiles
Take a look at some of the changes in motor insurance from the time when cars first appeared on our roads in our history of cars, insurance and claims infographic.
hg0080.com皇冠Or read our full 'Claims, blames and automobiles' report for more about the evolution and the future of motor insurance: