Call Us 631-727-4114 ☰ ˟
Lupton & Luce
Call Us: 631-727-4114 Client Login
  • Home
  • Our Products
    • Personal InsuranceImage of right arrow
      • Automobile
      • Auto Liability
      • Collision
      • Comprehensive
      • Underinsured/Uninsured Motorist
      • Boat
      • Condominium
      • Flood
      • Homeowners
      • Homeowners Property Coverage (Dwelling Coverage)
      • Homeowners Liability
      • Life
      • Motorcycle
      • Personal Article Policy
      • Personal Umbrella
      • Renters
    • Commercial InsuranceImage of right arrow
      • Auto Repair Shop
      • B & B Programs
      • Business
      • Builder's Risk
      • Contractors
      • Commercial Auto
      • Cyber Liability
      • Disability
      • Emergency Services
      • Gas Station
      • General Liability
      • Wineries & Distilleries
      • Workers Compensation
  • Get A Quote
    • Automobile
    • Boat
    • Business
    • Disability
    • Flood
    • Homeowners
    • Life
    • Motorcycle
    • Renters
  • Make a Payment
  • Resources
    • File a Claim
    • Frequently Asked Questions
    • Join Our Newsletter
    • Hurricane Preparedness
    • Helpful Links
    • Refer a Friend
  • Blog
  • About Us
    • About Us
    • Community Involvement
    • Our Employees
    • Our Office
    • Our Partners
    • Our Reviews
    • Privacy Policy
  • Contact
Auto Insurance

Auto

Let us customize your insurance for the best possible price.

Learn More
Home Insurance

Home

We browse through a wide variety of coverages and find the right one for you.

Learn More
Business Insurance

Business

Customize your business insurance for peace of mind.

Learn More
Life Insurance

Life

Let us help you protect you and your loved ones for years to come.

Learn More
Home > Blog > The Auto Technology Impacting Commercial Auto Insurance Costs Today
THURSDAY, OCTOBER 28, 2021

The Auto Technology Impacting Commercial Auto Insurance Costs Today

Auto technology is advancing quickly. New systems and enhanced models are hitting the showrooms at a fast rate.

From car sharing to autonomous vehicles, significant changes are in the works for transportation. Yet, all these changes impact the auto insurance industry as well. In some cases, they may even impact the amount individuals pay for car insurance.

What Technology Will Impact Auto Insurance?

Check out some of the types of innovation that could impact car insurance premiums:Yellow cars Lined Up

  • Vehicles are becoming increasingly network-connected. This connectivity is increasing the amount of risk present for cyber-related threats. It is now possible for hackers to hack into vehicles to gather information about people. Someone's privacy and identity might come under threat. This could increase the need for cyber liability insurance in auto insurance. This is especially true in the area of commercial truckers.
  • Telematics themselves are causing some concerns over privacy. Telematics allows for truck owners and companies to monitor and track vehicles. From the standpoint of insurance, this is a good thing. It reduces the risk that a theft can occur since vehicles can have advanced tracking. From the driver point-of-view, it could increase privacy concerns.
  • Commercial auto policies may see price changes for individuals based on actual data. Certain vehicles have comprehensive connectivity. This can allow the police, the vehicle owner, and, in some cases, third parties to tap into the actions of the driver. It could help better clarify who is at a high risk of causing accidents. This may mean companies need a higher level of liability insurance if they maintain high-risk drivers.
  • Autonomous vehicles, including large trucks, are now hitting the road. Many companies have found these vehicles to benefit their costs needs. Yet, there’s still some concern over how autonomous vehicles affect accident liability. Who is to blame when an autonomous vehicle causes or has an accident?

It’s likely we will see a significant amount of change in the commercial auto insurance sector. Change will likely come as technology changes and develops. It’s likely the industry will see more accuracy in assigning blame and in managing assets.

Overall, this could help to create more accurate risk portfolios. A more definite portfolio might translate into affordable premiums for some drivers. There is no doubt that technology is changing this industry.

Lupton & Luce Inc has your auto insurance needs in mind. Call us at 631-727-4114 to request a free quote on an affordable policy.

Posted 6:10 PM

Tags: commercial auto insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015

  • home insurance(36)
  • blog(21)
  • insurance(19)
  • auto insurance(19)
  • business insurance(18)
  • home insurance riverhead(7)
  • auto insurance riverhead ny(6)
  • homeowners insurance(6)
  • car insurance(5)
  • cyber liability insurance(5)
  • hurricane insurance(3)
  • auto insurance claims payments(3)
  • workers compensation insurance(3)
  • flood insurance(3)
  • general liability insurance(3)
  • life insurance(2)
  • insurance inspection(2)
  • commercial auto insurance(2)
  • home insuranc(2)
  • car insurance riverhead ny(2)
  • home intruders(1)
  • dui(1)
  • home(1)
  • uber(1)
  • car cleaning(1)
  • ny(1)
  • business insurance claims(1)
  • home and auto insurance(1)
  • lupton & luce insurance(1)
  • business liability insurance(1)
  • ride sharing(1)
  • general liability(1)
  • lupton and luce insurance(1)
  • grill(1)
  • liability coverage(1)
  • cleaning car(1)
  • hired and non-owned auto insurance(1)
  • money saving tips(1)
  • sales(1)
  • bop insurance(1)
  • auto and home insurance(1)
  • renters insurance(1)
  • restaurant revitalization fund(1)
  • omissions insurance(1)
  • motorcycle insurance(1)
  • mortgage(1)
  • toy vehicle insurance(1)
  • underinsured commercial auto coverage(1)
  • fires(1)
  • home improvements(1)

View Mobile Version

Get In Touch!
631.727.4114

Contact Us
Facebook Twitter Logo LinkedIn Instagram

Resources

  • Get A Quote
  • About Us
  • Refer A Friend
  • Our Carriers
  • Blog
  • DO NOT SELL

Contact Us

225 Howell Ave., Riverhead NY 11901
P: 631.727.4114 | F: 631.727.7138 | E: info@luptonandluce.com
© Copyright 2023. A Division of Patriot Growth Insurance Services, LLC. All rights reserved. | Powered by Insurance Website Builder