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How Self-Driving Cars Disrupt the Auto Insurance Industry

Why a driverless car future is going to make a huge dent in auto insurance revenues. Self-driving cars may sound like a really cool future technology, but in reality, autonomous cars are already here and their growing numbers will eventually seriously impact auto insurance revenues by up to 60 percent, car experts say. So how are insurance companies, automakers and government entities preparing for this major industry disruption? The auto insurance industry collects almost $200 billion a year in premiums. Thanks to incredible leaps in technology, automakers have been making cars increasingly safer and less accident-prone.

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Analyst: Connected Cars Could Save 10,000+ Lives a Year in the U.S.

Thirty-two-thousand people died in auto accidents last year. How many of those deaths could have been prevented by self-driving cars?  To be fair, it’s impossible to know – but experts say, new technologies will dramatically reduce the number of accidents and fatalities on our roads in just a few short years.  Find out more: http://bit.ly/1TFfbNa.

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