Experts Suggest Driverless Cars Could Slash Auto Insurance Rates
As driverless cars continue to become more and more of a reality, experts suggest that we could eventually see auto insurance rates begin to drop.
A recent study by RAND Corp. found that the increased safety benefits from self-driving cars – which promise to come with a reduced risk of accidents – are likely to lead to “a significant reduction in insurance premiums” down the road.
“So many accidents are caused by human error, if you reduce the human factor, it should cut down on accidents,” analyst Laura Adams of Insurancequotes.com told CBS News. “That will mean fewer claims and should reduce rates.”