The company is pretty well off, but pays 95% of the premiums in claims payment.
Doing a very back-of-the-envelope calculation, 22.5% of our insured cars had a claims payment this year (august to august), so an average insured person has a traffic accident every 4 years or so, and does way less than 300,000 miles every 4 years (more like 100,000 being generous).
all I was trying to say is that I think the best human drivers can pull off three hundred thousand miles; it's not inhuman. and that's what we are going to need for self-driving cars to become widely accepted; something that would seem impossibly good to a human. And I bet they will do it, eventually.
I was responding to
>My suspicion is that the figures quoted around these Google cars and their safety record, if you take them at face value, lead to a ludicrous level of optimism.
and I don't think 300,000 miles without an accident is a ludicrous number; it's something a human can achieve, (even if it's something most humans don't.) It's a milestone, sure, but like I said, for self-driving cars to be accepted, they can't just be better than the average driver; they need to be better than the best drivers.
I'm looking forward to self driving cars because of their convenience ! Imagine being able to sleep during road trips, using them as a taxicab for places where there's no parking (and ask it to park itself :) ), sending them to pick up somebody... the possibilities are endless !!