Do autonomous cars mean insurance is obsolete?

According to Business Insider, fully autonomous vehicles -- those that can drive from point A to point B without driver interaction -- will debut as soon as 2019. And these autos will be only a fraction of the 10 million self-driving cars BI Intelligence estimates will hit the road by 2020. According to Elon Musk, "in the distant future, people may outlaw driven cars because it’s too dangerous." This might sound outlandish, but it does line up with car safety statistics. With more than 90 percent of accidents caused by driver error, "there is every reason to believe that self-driving cars will reduce frequency… [Continue Reading]