Automakers are pushing towards fully autonomous vehicles in the United States, Europe and Asia, but that may not be a welcome change for everyone. Auto insurance companies are expected to have to deal with self-driving vehicles over the next 10 years, though they will likely have more than 30 years to adjust to widespread autonomous adoption.
If vehicles become safer, the $200 billion auto insurance industry could end up losing billions - a realistic, yet frightening issue that insurance companies already must deal with. Higher-end vehicles have semi-autonomous features designed to keep drivers safe and reduce the chance of accidents.
Esurance, State Farm, and other auto insurance companies seem to be taking a cautious approach, waiting to see how autonomous vehicles develop before they hit the open road. It's possible policy rates could be calculated based on miles driven by humans or autonomously - but it's extremely difficult to pick hypothetical scenarios.