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 as much as 40% because they will be much safer and have fewer accidents than today’s human-piloted vehicles.MG