Technology Is Changing The Automotive Game

Thursday, October 13, 2016

Technology and car insurance

Cars that run on air, autonomic override systems, bio-metrics, vehicle hacking? Yes, that’s right, these things and others you may not have even dreamed of are quickly becoming a reality. A reality that will change the way we drive, and the ways we protect ourselves while driving. The way technology is changing the automotive game accelerates every year.

With such astonishing changes coming so rapidly, the best way to protect yourself is to have the knowledge and information you need. You need this information not only to make sure you are physically safe, but also to understand how technology is impacting your car insurance. Are you covered if someone hacks into your on-board system and crashes your car into a tree?  What if you lose your phone, which now has the ability to remotely access your car? The best way to protect yourself is to have all the information you need to make relevant decisions, so here are some exciting, and sometimes cringe worthy new technology that will be here before you know it.

A Compressed-Air Vehicle called AIRPod

You are probably familiar with cars that run on electricity, but pretty soon we will have cars that run on air. Zero Pollution Motors has engineered a car that is propelled by the release of air. It is similar to what happens when you let go of an inflated balloon. The compressed air would be available at stations, much like places that have areas where you can plug in an electric car. An electric car takes 4 to 5 hours to charge, but a compressed-air car can be refilled in just a few minutes. The air car has the same conveniences but creates a significantly smaller amount of pollution.

This technology is not only changing the way we drive, but could also change the way cars are produced.  Localized, smaller factories could build about 5,000 cars a year and would get rid of the pollution created by shipping cars from other countries. To get people used to the idea of compressed air cars they would promote them using short-term rental car service.

technology and car insuranceWi-Fi Higways and Car Hacking

Modern technology can help to make our cars safer, but it can also open us up to vulnerabilities we have never experienced before. Past generations would look at us now and think that being able to access such vast amounts of information over our mobile devices was like something out of a sci-fi movie. The problem is so can our cars. On board navigation systems can access control and entertainment systems, as well as other vital functions like breaking and parking.

Right now, most people think that’s helpful, but unfortunately, expert hackers can also obtain access to these systems with only a wi-fi connection. Think about all the emails from some third world prince asking for money, or how our credit card and identities can be stolen electronically. We have to be so much more cautious and aware then we had to be ten, even five years ago. Now we may have to worry about hackers breaking into these new fancy on board systems and possible taking over our cars. Believe it or not car hacking is nothing new. For an interesting look at a real world experiment dealing with this exact issue, read this fascinating article about two guys who actually took over an on-board system.

Protecting Yourself

The good news is, these issues are already being addressed by the Society of Automotive Engineers. They are now developing industry standards for automotive electronics, and encouraging car makers to resolve these concerns before they become the consumers problem. Even so, cyber-security vulnerabilities are hard for manufactures to identify and they are already overwhelmed investigating existing electronic malfunctions.

Do all that you can to keep up to date on the latest technology that is being embedded into cars. This is especially true if you are in the market to buy a new car, or are extremely fond of having all that control at the tip of your fingers. Experts recommend getting a new car insurance quote every 6 months, and it’s possible that some of these new technologies will actually work to lower car insurance costs.

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