Whoa! What a concept? Nobody mentioned this before? If suddenly 150 million people in the US no longer need to pay $100-200 per month for car insurance. Maybe autonomous car liability will be handled by the Ubers and Lyfts of the world, so people like me won’t have to worry about that cost anymore. I was thinking I’d upgrade to an electric car in the future, but maybe no car is the right solution in the suburbs. I’m getting older, and may lose my license, as my eyesight gets worse over the years. Doctor says I have mild cataracts, so I worry about these kinds of things. So a callable ride service would be a godsend, 24 hours a day.
You could even turn local ambulance services into a specialized Uber kind of service, so they learn automatically where to “stage” ambulances to handle the most calls. Wouldn’t that optimize the costs of running such a service, and let you know which shifts you need more staff on, where you’re overstaffed, and stuff like that?
Without humans to cause accidents, 90% of risk is removed. Insurers are scrambling to prepare.