3 ms·
I’m much more cynical: 1. It was probably a tax write off. 2. It was probably also both a community service project AND a reflection of lower expected insuran
by traviscj 7y ago
I’m much more cynical:
1. It was probably a tax write off.
2. It was probably also both a community service project AND a reflection of lower expected insurance payout.
3. Maybe the straight-A students are correlated with insurance payers that would rather pay the repair known 1-off payment (or skip doing anything at all) vs the unknown recurring increase in insurance payments?
(Source: drove a dented-up pickup for over a year after a short romp along/into an orchard)
- lotsofpulp 7y ago1. What would a tax deduction have to do with an insurer charging lower premiums to its customer? 2. The lower expected payout is exactly what an insurance company is trying to determine, and they’re very good at doing that assuming they have lots of data. 3. Most vehicle insurance cost are liability related, meaning the damage their insured to others, and namely healthcare costs. A collision with another person or their property will not be fixed without the insurance company getting involved, and a reduction in those is what the insurance company is betting on.