Home Auto Insurance Warren Buffett: Self-Driving Cars Could Be Negative To Auto Insurance Companies | Squawk Box | CNBC

Warren Buffett: Self-Driving Cars Could Be Negative To Auto Insurance Companies | Squawk Box | CNBC

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Warren Buffett: Self-Driving Cars Could Be Negative To Auto Insurance Companies | Squawk Box | CNBC



Warren Buffett weighs in on how autonomous car safety could potentially impact auto insurance companies, including Geico. For more of Warren Buffett’s wit and …

11 COMMENTS

  1. I respect Warren pointing out the premium loophole as a crux in Geicos business model. Actually I would argue that autonomous driving would increase modalities of accidents. Autonomous semi trucks result in an oddity of driving by slowing large vehicles, thereby inhibiting small car speed and temper. During my autonomous driving, small cars were more reckless amongst the “training” of mixed autonomous and manual shift commercial vehicles.

  2. I don't get how those cars will hurt the insurance business. Even if premiums increase, if the profit margin holds, given that one can expect companies will pay out less money on accidents, why should that hurt the insurance business?

  3. That money you'll be saving over time? Your insurance company wants it. The protection racket lives on. Warren's just the point man, he's making sure the path is clear.

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