3 ms·
Why would insurance become prohibitively high? Insurance is priced at the mean probability of getting into an accident * mean cost of restitution from an accide
by shalmanese 13y ago
Why would insurance become prohibitively high? Insurance is priced at the mean probability of getting into an accident * mean cost of restitution from an accident + insurance risk premium. I can't see self driving cars measurably affecting any of these numbers upwards significantly. Especially not by the factor of 10 it would require to make insurance prohibitively expensive.
- dredmorbius 13y agoLow-n probabilities become harder to assess, so if human-controlled vehicles are really rare, risks might be hard to assess. How human drivers interact with otherwise automated traffic flows might similarly increase risks. Much as largely horse-drawn or bicycle traffic is generally pretty safe, but mixed-mode traffic with cars, trucks, busses, etc., tends to produce (often fatal) accidents.