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this post was submitted on 20 Apr 2024
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I feel you’re misapplying the advantage. Right now people hit other people in cars and insurance is what it is. It would be more appropriate to say that humans will pay normal rates, while autonomous car companies will charge you an insurance subscription, and work out much lower rates with the insurer.
You would think that's how it should be right? Not a chance. They'll find another reason to stiff you.
As long as there is free competition, the cost will be around 10% over the operating cost. After that point it becomes worthwhile for another competitor to step in.