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The Clark Howard Podcast

5.10.19 Auto makers getting into auto insurance; Clark Stinks

The Clark Howard Podcast

Clark Howard

Entrepreneurship, Business, Investing

4.65.2K Ratings

🗓️ 10 May 2019

⏱️ 35 minutes

🧾️ Download transcript

Summary

As automobiles become increasingly autonomous, the nature of car insurance is changing too. Tesla is at the forefront of this change; Christa reads listener posts about how Clark has missed the mark in his advice this week. If you have a "Clark Stinks" to share you can leave it here. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

It's wonderful to have you here on the Clark Howard Show where it's about you and your wallet.

0:10.8

I want you to learn ideas for me so you can save more and spend less and don't let anyone

0:16.4

ever rip you off.

0:18.0

When you have a question for me, go to Clark.com slash ask.

0:24.1

There's an industry in the United States that is facing a challenge right now that is

0:28.4

so difficult that the answers have not been easy.

0:33.7

The vehicles that we drive, if you buy a well-equipped vehicle that you bought in the last

0:39.1

couple of years, it has all kinds of automation on it that vehicles never used to have, that

0:47.1

can automatically do emergency braking potentially, can keep you from running into another vehicle

0:52.9

that you start to move into their lane in your blind spot or it can be well beyond these

1:00.2

new safety devices designed to prevent accidents rather than the prior phase of safety, which

1:07.1

was to try to keep us alive or reduce injuries when we're in an accident, whole different

1:13.0

era avoiding accidents.

1:16.8

The question is, who's liable?

1:19.6

Who's responsible?

1:20.6

If you're operating a vehicle that has automation in it or even steps beyond like Cadillac with

1:27.8

its technology where the vehicle's self-driving on a huge number of divided highways in interstates

1:36.0

in the country or Tesla that is within, by its telling within, I think 10 months of launching

1:44.4

fully autonomous vehicles and Waymo, which is the subsidiary of Alphabet, the parent

1:50.5

company of Google, who has vehicles on the road in Arizona that are completely autonomous.

1:58.0

So, if there's an accident in spite of all this automation, who's it fault?

2:06.1

Is it the automaker or is it the person who is essentially considered to be behind the

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