It’s easy to see why many men get angry each month when they open their insurance bills. A guy who goes out of his way to drive safely pays higher rates than a woman with a pile of speeding tickets in her glove compartment.
Google is already making $110 million in advertising revenues from three auto insurance companies: GEICO, Progressive, and State Farm alone, TechCrunch noted. The potential profits from insurance will drive Google to improve its marriage of data and insurance.
Gasoline and diesel fuel each have an energy density of 36 mega joules a liter – the equivalent of 10.08 kilowatt hours. That means a few gallons or liters of gasoline or diesel fuel can provide as much or more power than several hundred pounds of lithium ion batteries. It also means that a few gallons of gasoline or diesel fuel will provide as much power as 20 or 30 gallons of hydrogen gas.
Prices for fuel cell powered vehicles will also have to come down for FCVs to become a widely adopted means of transportation. Toyota also has a very huge marketing job cut out for it. The automaker will have to explain to the public what fuel cells are and why they need them. That might be even tougher than developing a new technology.
If Uber has to start paying its drivers like employees, it’ll have to shut down in the United States. Uber’s competitors, such as Lyft and Sidecar, would be driven out of business. It goes without saying that these suits could be a major headache for other internet and app companies that rely upon independent contractors such as Elance-Odesk.
Any reduction in accidents will reduce car insurance for everybody. It could also reduce costs further because the major expense in insurance claims is medical expenses for treating accident victims. Fewer accidents would equal fewer victims. Faster response could reduce the need for medical treatment for the victims.
Perhaps the only thing worse than getting into a car accident is having to deal with a personal injury attorney. Many of these litigators are highly dedicated professionals, but the horror stories you’ve heard about ambulance chasing shysters have more basis in reality than you might like to know
As car insurance rates keep creeping up, many more American teenagers are going to have to settle for a bus pass instead of a driver’s license on their 16th birthday. Malia Obama at least has the Secret Service to haul her around. I just have to wonder how that will work out when she starts dating.
Part of Volvo’s past success was an affordable European import for snobs who didn’t want to drive a Ford or a Volkswagen, but couldn’t afford a Mercedes or a Jaguar. Now, of course, anybody with a middle class income can lease a new Mercedes if he or she wants to. That Mercedes might be made in Tennessee, but it’s still a Mercedes.