- Automakers assume liability
- Insurance premiums drop
- industry may struggle as more drivers reduce or drop coverage
"The industry has ample time to research and make changes accordingly. The ball is in insurers’ courts to make the most of the next 10 to 15 years and shift their business models to accommodate the coming changes."
PARKER O'VERY JANUARY 26, 2018 2:10 PM
Major changes are coming to the automotive industry, and the insurance industry will consequently see its own major changes as well. Self-driving cars raise complex questions for insurers, and answering those questions will take time. Experts are already weighing in, though. Here’s what they have to say about how self-driving cars and AI will affect auto insurance.