Self-driving cars will almost completely eliminate the occurrence of car accidents caused by humans, which represents about 90% of all car accidents in the U.S. according to NHTSA. Consequently, autonomous driving has the potential to save millions of lives and millions in repair costs around the globe every year. That’s great for almost everyone except the car insurance industry. This upcoming disruption makes this news particularly interesting considering it’s coming from a leader in autonomous driving technology. Electrek has learned that Tesla is entering the car insurance business starting with new programs in Australia and Hong Kong. The new program is called InsureMyTesla and it features custom insurance plans for the company’s vehicles underwritten by bigger insurers partnering with Tesla.

https://electrek.co/2016/08/30/tesla-enters-car-insurance-business-self-driving-cars-prepare-disrupt-industry/