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A decline in accident frequency due to safer vehicles and the adoption of autonomous vehicles could shrink the U.S. personal auto insurance sector by 60 percent within 25 years, according to KPMG LLP.

KPMG’s insurance practice estimates an 80 percent potential reduction in accident frequency by 2040.  This will result in a potentially drastic reduction in loss costs and premiums, though KPMG estimates that accident expense could increase from almost $14,000 currently to roughly $35,000. 

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