2 ms·

> Insurance companies raise and lower their premiums in response to risk. So we're saying the same thing

• Retric 2y ago
  You suggested the difference in total risk is 50% not just a drop in rates. Self driving cars can’t impact the risk of a someone bashing the windshield to get stuff out, hail or a tree falling on your car, it getting stolen, an uninsured motorist rear ending you at a stoplight etc. But it will mean replacing your car is more expensive should it get stolen etc. Further if you assume more ultra self driving cars are on the road the human drivers risks also drop.
  • intrasight 2y ago
    Most insurance risk and cost is for liability
    • Retric 2y ago
      Not on average and per person it’s highly dependent on the policy, a persons driving history, and their car etc. Minimum-liability coverage averages $627/year, average policy runs 2008$ /year. In terms of individual drivers, an antique show car driven very limited miles per year the policy’s costs have little to do with the driver’s accident history. Meanwhile someone with multiple DUI’s is paying for the risks associated with their behavior.