Re:India will ban driverless cars in order to protect jobs
by nradov on Monday July 24, 2017 @10:56PM
(#14844760)
No that's not how auto insurance works. It's a commodity with high competition and low profit margins. Insurance companies set prices based on expected losses. There's no reason to think that the arrival of level 4 autonomous vehicles would cause an increase in losses on human driven vehicles. If one insurer jacks up prices then the others will undercut them to gain market share.
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