Hyperdrive
Self-Driving Cars Might Kill Auto Insurance as We Know It
Without humans to cause accidents, 90% of risk is removed. Insurers are scrambling to prepare.
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Dan Peate, a venture capitalist and entrepreneur in Southern California, was thinking of buying a Tesla Model X a few years agoâuntil he called his insurance company and found out how much his premiums would rise.
âThey quoted me $10,000 a year,â Peate recalled.