If we want to save money on car insurance, maybe we should get self-driving cars. So says Warren Buffett, whose Berkshire-Hathaway owns Geico.
“Driverless cars will reduce — perhaps dramatically — the need for auto insurance if they’re safer,” Buffett said, according to Yahoo. “If driverless cars are successful and people don’t hack into ’em, that will reduce auto insurance premiums — and perhaps drastically reduce them.”
Of course, adoption of self-driving automobile technology is still a good bit in the future. And there’s plenty of concern over just how safe that technology will be.
As Yahoo points out:
Of course, the 87-year-old Nebraskan noted that the timeline, to date, is marred with uncertainty, meaning that the insurance business is under little pressure to change. Currently, incidents with Uber and Tesla have pumped the brakes on what had been a surging pace of technological development.
“How fast that comes or anything, I don’t know,” he said. “I think it’s a long time off.”
So for car insurance today, you should check out Seeman Holtz Property & Casualty. Our growing company offers all lines of personal and commercial insurance from major insurance carriers across the country.
Every driver needs car insurance, and Seeman Holtz Property & Casualty can help you make sure you have the best coverage for yourself, your car and others.
We start by analyzing your current policy and offer independent, objective advice. If changes need to be made or you need a new policy, we secure quotes from carriers across the nation to make sure you get the best coverage at the best price.
Seeman Holtz is a full-service carrier. We also offer commercial insurance and homeowners insurance. For homeowners insurance and other lines, we work closely with you to review your options and help you make the best possible decision for yourself and your family.