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Originally Posted by FlamesAddiction
It was at one point looked at as an unecessary luxury by those that didn't want to pay for it though. People then, had the same concerns as people now when new things are introduced. It was inconvenient in the sense that communities had to splurge for the infrastructure and people needed to retrofit their structures. "Who is going to pay for it?" Will my taxes go up?"
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The resistance you're talking about is similar to what some of us are saying here: it takes time and money for these things to change. Infrastructure and lifestyles don't just turn on a dime.
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I just don't see insurance companies agreeing to lose tonnes of money. I can see them jacking up prices and making it a luxury for the wealthy. Plus, as they become more rare, the cost of buying, owning and maintaining them will go up due to supply and demand. Much like insuring a high-end sports car or a classic car is now. Or horse and buggy insurance for that matter.
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Who said anything about losing money? If there are fewer accidents, then insurance rates will come down. Insurance companies will still profit.
If they could jack rates at will, they would do it now.