Earlier quoted context omitted.
Transportation in general will become much cheaper. Because driverless cars will get into far fewer accidents than humans the cost of insuring them will be a fraction of what it costs to insure a human driver today. And when transportation gets cheaper basically every product that needs to be moved gets cheaper (assuming the companies using this technology don't just pocket the savings). Also, basically drivers of al…
> Transportation in general will become much cheaper. Because driverless cars will get into far fewer accidents than humans the cost of insuring them will be a fraction of what it costs to insure a human driver today. Insurance is a small fraction of the cost of transport by car, so dropping the insurance cost by some fraction won't drop the total cost by that much.
1. http://www.commercialtruckinsurancehq.com/owner-operator-ins...