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I imagine that before that point insurance costs for non self driving cars would be so expensive that random Joe won’t be able to afford a “normal” car.
by akmarinov 6y ago
I imagine that before that point insurance costs for non self driving cars would be so expensive that random Joe won’t be able to afford a “normal” car.
- ghaff 6y agoIf insurance is a profitable product today (it is), why would it skyrocket in price just because there are safer cars on the road (presumably paying lower rates)?
- perl4ever 6y agoIt's the people who are currently the highest risks and paying the most who would be the first to switch to a self-driving car if they can afford it. The people with DWIs, etc. Therefore the pool of people who drive for themselves would be getting less risky and their insurance premiums would go down. Also, consider that right now, we have a minority of people who drive classic cars, which haven't got safety equipment, and their insurance is cheaper, not more expensive. Same with motorcycles, which have much higher accident rates than modern cars. So clearly a vehicle being more dangerous doesn't mean it's uninsurable or more expensive. I'd really like to know if you or anyone can articulate what specific logic leads to your assumption, because people have been saying it for years. Obviously it's something people like to say. I feel like it might have something to do with a misguided analogy to health insurance.