“Without humans to cause accidents, 90% of risk is removed. Insurers are scrambling to prepare.
Dan Peate, a venture capitalist and entrepreneur in Southern California, was thinking of buying a Tesla Model X a few years ago—until he called his insurance company and found out how much his premiums would rise.
“They quoted me $10,000 a year,” Peate recalled.
For all the concern over accidents involving driverless cars, including Tesla’s troubles with its limited self-driving Autopilot mode, it’s easy to forget…”