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Yeah, I won't be signing up for something like this precisely because this is nothing more than a gimmick that insurance companies will use to maximize their pr
by alyandon 11y ago
Yeah, I won't be signing up for something like this precisely because this is nothing more than a gimmick that insurance companies will use to maximize their profits.
How does the insurance company know you are hard braking because you are an an inattentive jackass that is texting while driving that suddenly has to brake to avoid a collision vs a safe driver that had to suddenly account for someone in front of them making an improper lane change?
The short answer is they can't but you can bet that they'll use that data to justify raising your rates.
- munin 11y agoin some ways it probably doesn't matter - if you are an otherwise safe driver that lives in a county full of side-swiping jerks then your rates will go up because you're a higher risk to the insurance company than a safe driver that lives in a county full of other safe drivers. they already do this by considering where you live and work when calculating your rate. you are a higher risk, because you live around a bunch of jerks. is it your fault? not really, but the insurer isn't there to assign fault, they mitigate risk.
- alyandon 11y agoTrue, I already pay a higher premium due to living in a large city. However, my point is I believe insurance companies will intentional use the data they gather about one's moment to moment driving habits in order to justify premium increases they otherwise couldn't - even for safe drivers.
- TulliusCicero 11y ago> this is nothing more than a gimmick that insurance companies will use to maximize their profits. As opposed to all the other things companies do in order to...?
- mplewis 11y agoSure. But I'm not volunteering to give them my data in this case.
- TulliusCicero 11y agoWhich is fine. I mean, eventually the market itself will punish you for it, because the other people refusing to give up their data will constitute a higher-risk pool of drivers, but if you want to do that then you'll still be free to.
- Wingman4l7 11y agoDepends on how fine-grained the data is. Hard braking and then gradual re-acceleration could mean you getting cut off on the highway, vs. hard-braking prior to a full stop, a wait, and then hard acceleration could mean a tailgater taking off from a stoplight. Also, how regular the occurrences were would also give insight.