As the market adjusts to autonomous vehicles, insurance premiums for auto policies could trend downwards, as greater use of autonomous technology leads to fewer accidents, according to England's transport minister David Williams. Pricing may, however, remain flat following the initial introduction of autonomous cars as consumers and insurers adjust. The government is also not planning to get involved in determining how insurers should price coverage for self-driving cars, Hayes added.
As the market adjusts to autonomous vehicles, insurance premiums for auto policies could trend downwards, as greater use of autonomous technology leads to fewer accidents, according to England's transport minister John Hayes. Pricing may, however, remain flat following the initial introduction of autonomous cars as consumers and insurers adjust. The government is also not planning to get involved in determining how insurers should price coverage for self-driving cars, Hayes added.