Latest in Gear

Image credit:

Waymo preps for self-driving taxi service with rider insurance deal

A startup will protect passengers involved in crashes.
Jon Fingas, @jonfingas
December 19, 2017
238 Shares
Share
Tweet
Share

Sponsored Links

Natalie Behring / Reuters

Waymo faces a slew of challenges if it's going to get its autonomous taxi service up and running, not the least of which is insurance. Who's going to cover passengers when there's no human pilot to help determine who's responsible? Thankfully, someone has stepped up to the plate. Waymo has struck a deal with insurance tech startup Trov to protect passengers when the service goes live in Phoenix in 2018. Trov has adapted its on-demand insurance to be triggered by software instead of a human, giving you automatic coverage during your trip without having to pay extra or even acknowledge that the policy is taking effect.

While the exact details of the coverage aren't specified, it's fairly comprehensive. You'll get compensation for medical expenses if there's a crash, but there will also be payouts for trip interruptions and property loss. If your phone gets smashed in a collision, you probably won't have replace it with your own funds.

This is a gamble for both Trov and its insurance underwriter, Munich Re. There could be many headaches if there's an accident with few clear answers. But that's the point, really -- these companies want to experiment with insuring self-driving cars now so that they're ready when the technology hits the mainstream. If car ownership declines and many people simply hail a robotic ride whenever they need it, Waymo's insurance offering could quickly become the norm.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
238 Shares
Share
Tweet
Share

Popular on Engadget

A massive spam attack is ruining public 'Among Us' games

A massive spam attack is ruining public 'Among Us' games

View
iPhone 12 teardown reveals how 5G has changed things

iPhone 12 teardown reveals how 5G has changed things

View
HAL 9000 replica's crowdfunding project goes bust

HAL 9000 replica's crowdfunding project goes bust

View
'Sekiro' GOTY Edition trailer offers a peek at fresh challenges

'Sekiro' GOTY Edition trailer offers a peek at fresh challenges

View
Get ready to raid 'Ghost of Tsushima' on October 30th

Get ready to raid 'Ghost of Tsushima' on October 30th

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr