Reply to post: Insurance premiums

Ford announces plans for mass production of self-driving cars by 2021

Calleb III

Insurance premiums

"but once the insurance premium of a normal car skyrockets above what you can afford (it won't take long) that will be that."

Why would the insurance premium skyrocket? There is no monopoly, the premium is largely based on the risk and free market. For the premiums to skyrocket the risk has to skyrocket, If introducing self driving cars on the roads increases the risk of collision, noone will do it in the first place. Nor the prices of cars will skyrocket, so the risk stays roughly the same, hence the insurance premiums.

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

Biting the hand that feeds IT © 1998–2019