The automotive model is split. The end user pays insurance because he's the least cost avoider for the most obvious types of accidents. And you want him to internalize the cost of such easily avoidable errors.
But the producer is also regulated and required to include certain safety features because individual consumers are poorly equipped to select cars based on complex safety features. And in any event most consumers are very price sensitive; many people (perhaps most, actually) don't have the luxury of choosing a car based on safety features. seat belts, air bags, crumple zones, ABS, and rear-view cameras have all become mandatory thanks to regulation. (In some cases voluntarily with the understanding that they'd be involuntary if industry didn't cooperate). Collision avoidance systems are already scheduled to be mandatory, again by voluntary agreement.
When it comes to tech, consumers just aren't sophisticated enough to know how to choose products. And the insurance industry doesn't know how to solve that problem, either. It's really only the _commercial_ insurance industry where the insurers work with the policy purchasers to help them select the safest products and procedures. Anyone who has worked in tech support knows that it's a lost cause trying to educate individual consumers.
But the producer is also regulated and required to include certain safety features because individual consumers are poorly equipped to select cars based on complex safety features. And in any event most consumers are very price sensitive; many people (perhaps most, actually) don't have the luxury of choosing a car based on safety features. seat belts, air bags, crumple zones, ABS, and rear-view cameras have all become mandatory thanks to regulation. (In some cases voluntarily with the understanding that they'd be involuntary if industry didn't cooperate). Collision avoidance systems are already scheduled to be mandatory, again by voluntary agreement.
When it comes to tech, consumers just aren't sophisticated enough to know how to choose products. And the insurance industry doesn't know how to solve that problem, either. It's really only the _commercial_ insurance industry where the insurers work with the policy purchasers to help them select the safest products and procedures. Anyone who has worked in tech support knows that it's a lost cause trying to educate individual consumers.