Vehicles

Will Driverless Cars Bring Insurance Rate Relief?

Posted on August 12, 2015

Self-driving vehicles are causing the auto insurance industry to experience a Napster moment. Like record companies at the dawn of online music file sharing, Allstate, Geico, State Farm, and others are grappling with autonomous vehicle innovations that could put a huge dent in their revenue. As carmakers explore driverless cars and more automation, accidents will likely plunge and car owners will need less coverage.

BloombergBusiness article here

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