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> Good luck getting a good deal when they know how much you drink and the food you eat. That would go both ways, right? With the extra information, insurance c
by Bromskloss 8y ago
> Good luck getting a good deal when they know how much you drink and the food you eat.
That would go both ways, right? With the extra information, insurance companies would be _more_ keen on insuring those who behave in a way that makes insurance payouts less likely.
- hiram112 8y agoYou'd think, right? I wouldn't hold my breath, though. My car insurance was set at about $900/year by my insurer for 5 or 6 years. In that time, they never once lowered the price, even though I had one or two tickets expire, had a perfect driving record during that time, and my car lost about half its value due to aging. Only when I finally decided to get a new quote from my credit union - about $400 for the year (less than half I'd been paying for years) - did my current insurer offer to reduce to the close to that price which is what I would have been paying had I been a new customer with my current record. In other words, corporations will find a way to extract the maximum possible from everyone.