Self-driving cars might kill auto insurance as we know it

I8FB1B835-C53E-44E3-BFC6-6ED580209F74

Without humans to cause accidents, 90% of risk is removed. Insurers are scrambling to prepare.

Dan Peate, a venture capitalist and entrepreneur in Southern California, was thinking of buying a Tesla Model X a few years ago—until he called his insurance company and found out how much his premiums would rise.

“They quoted me $10,000 a year,” Peate recalled.

Continue reading… “Self-driving cars might kill auto insurance as we know it”

0