Do you think ICBC will lower the insurance rate once we have self-driving vehicles?

[Timpo]

I did some random Google research and looks like every car manufacture says that biggest advantage of self-driving vehicles is drastically improved road safety.

So, let's say traffic accident went down to almost 0%.

Will ICBC lower the insurance rate? or will they just keep it as is?

The only insurance needed would be something like vandalism and theft, which you can refuse at the time of purchase of your insurance.

Will car insurance be like $100/year or less in the future? (before added options)

[asma123]

Highly doubt it. Money grab

[FerrariEnzo]

It will be the opposite..

ICBC will blame the self driving cars for increase car accidents..

[Mancini]

Third party liability coverage will go down. One component of what most people buy.

[smoothie.]

itll be a long time before mandatory self driving cars are filling the roads