Comment Re:Yes, probably. And they likely can do even bett (Score 1) 226
Adjusting for inflation, yes that will be the case. The price of insurance can't be less than the cost of dealing with all of the accidents that the insurance policies have to cover. If self-driving cars greatly reduce the rate of accidents then the cost of insurance will fall. I'm sure there will be some companies that are greedy and want to pocket the savings for themselves, but there will be greedy companies that want to poach their customers and who are willing to pocket just a little bit less.
Would you willingly pay your current insurance rates if another company were offering you the same coverage for lower cost? Do you regularly pay more for goods or services than you have to? If your answer is "no" then capitalism is working because you as a customer ultimately get to decide where you spend your money and if you're like everyone else and want to keep as much of that money as you can then it will incentivize companies to compete on price.
Would you willingly pay your current insurance rates if another company were offering you the same coverage for lower cost? Do you regularly pay more for goods or services than you have to? If your answer is "no" then capitalism is working because you as a customer ultimately get to decide where you spend your money and if you're like everyone else and want to keep as much of that money as you can then it will incentivize companies to compete on price.