re: The french riots over carbon taxes should be a wake up call for some liberal policymakers

This is the most French thing I have ever read...

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By nightfall the Champs-Elysees was smoldering and in the Place de la Madeleine, burned scooters lay on the sidewalk like blackened shells.

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SO, that will be super cheap, accidents go down, so why would anyone else's skyrocket?

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Accident prone driver in a sea of self-driving low risk vehicles. Seems obvious.

And the self driving vehicles are only 8 years away because they were 10 away 2 years ago

I have that marked

Yep they will interact with each other perfectly in only 8 years

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So his rates should go down in a sea of low risk drivers no?

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Not when he is one of the few high risk drivers out there. Self driving car manufacturers will probably be providing insurance based on hardware/software costs.. they won't be covering trucknut Joe in his f250

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So his rates should go down in a sea of low risk drivers no?


Not when he is one of the few high risk drivers out there. Self driving car manufacturers will probably be providing insurance based on hardware/software costs.. they won't be covering trucknut Joe in his f250

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You don't understand the risk pools very well then, assuming a functioning market.

Let's say there are $100,000 in payouts every year in a given risk pool to cover 100 non-automated and CV cars. The average premium will be roughly $1,100 per car annually assuming a roughly 9% margin for the insurer.

Let's say 40% of that market converts to EV and automated vehicles. That chunk of payouts approaches zero. Great - they get siphoned off into different risk pools where they pay near-zero premiums.

You are, unfortunately, making the leap that the remaining set of drivers would automatically be charged higher prices because of adverse selection (like in healthcare). That would almost certainly not be the case, and I'd be fairly safe in my assumption that driver behavior and risk profile of those who choose to remain in non-automated CV vehicles in this scenario will actually be quite a bit better than it is for the total pool today - the pool would almost certainly tilt a bit older, a safer and more conservative driver, and a knowledgeable vehicle operator.

Thus, premiums for automated EV drivers: somewhere in the $100 - 200 range annually. Premiums for non-automated CV drivers: $400 - $700 annually.

Isn't it beautiful?

For the record, USAA, Geico, and everyone else knows this is coming.

Still waiting on an answer on this.

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Thankfully over the last few years china has began enforcing fairly stringent air and water quality protections 10-15 years from now you won't be driving around in an f250.. you probably won't be driving at all your small and smart EV will do that for you

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And in 1975 we were going to be all electric by 2000.

And if ford is selling F250s and electric econoboxes are sitting on the lot unsold, what is going to happen to the manufacturing of the electric econoboxes?? The manufacturing of Ford F250s?

Tesla would be bankrupt if not for subsidies, the little electric crapbox carmaker located in Tunica county, MS is bankrupt and has closed up shop, the Chevy Volt is discontinued...

Meanwhile how are truck and SUV sales been going?

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Accident prone driver in a sea of self-driving low risk vehicles. Seems obvious.

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So when these self driven computer programmed vehicles have a glitch, what will insurance companies do?

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Is it tyranny if it is market driven?

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You are saying this while saying that people not driving self driving cars will have their insurance raised? After accidents go down, presumably, from self driving cars?

You have zero clue on how the free market works. At the very least you believe in placing a thumb on the scale by government. And if that happens... someone will run on reversing it and will win.

Less accidents means cheaper insurance. For all. Period. If a soy CEO of an ins company says he will raise rates on non-self driving, autonomous, cars... all others will offer reduced rates based on the drop in risk.

What will the soy CEO do then? Correct answer is drop rates to compete or die.

That is how the market works. Always has, always will.