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Self-driving cars could hurt the insurance industry, driving down premiums by 40%

When self-driving cars become standard, they’re sure to make select companies a ton of money. But one industry that may suffer is insurance, reports Bloomberg. Insurance broker Aon says that by 2050, when self-driving cars are expected to rule the road, the use of the driverless vehicles could cause auto insurance premiums to drop by … Continue reading “Self-driving cars could hurt the insurance industry, driving down premiums by 40%”

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When self-driving cars become standard, they’re sure to make select companies a ton of money. But one industry that may suffer is insurance, reports Bloomberg. Insurance broker Aon says that by 2050, when self-driving cars are expected to rule the road, the use of the driverless vehicles could cause auto insurance premiums to drop by as much as 40% because they will be much safer and have fewer accidents than today’s human-piloted vehicles.

About the author

Michael Grothaus is a novelist, journalist, and former screenwriter. His debut novel EPIPHANY JONES is out now from Orenda Books. You can read more about him at MichaelGrothaus.com

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