Why autonomous vehicles could lower the cost of insurance

According to a Bankrate survey, Americans pay a national average of $2,600 a year in auto insurance. Could autonomous vehicles help offset and lower rising insurance premiums?

Insurance Information Institute chief economist Michel Leonard speaks with Mind Your Money host Allie Canal about how self-driving and assisted-driving technology could affect insurance rates for consumers, including how the variable it adds to potential accidents and insurance claims.

Tesla (TSLA) launched its robotaxi service in Austin, Texas, in June 2025, directly competing with autonomous driving innovator Waym.

https://www.youtube.com/watch?v=ZYj7Na59uhI

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