Autonomous Vehicles Could Send Insurance Premiums Tumbling

Tired of your insurance premiums going up year after year? Autonomous vehicle could bring you some relief, with analyst firm Deloitte suggesting self-driving technology could reduce premiums by up to 30 percent.

Changes in the way people use their cars will also shape changes to the insurance market, with a rise in vehicle sharing also targeted as a factor in keeping premiums down.

The advanced accident detection and avoidance technology packaged into autonomous vehicles reduces the associated risk to insurance companies - one of the key areas your premiums are based on.

Of course, the safety of your suburb won’t change, and you’ll still be risk-assessed on the vandalism and break-in risk of your area and parking situation, and charged accordingly.

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