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I've heard anecdotally a number of times that actuaries peg men with higher car insurance rates. I'm only just learning that there's anything like this in the c

I've heard anecdotally a number of times that actuaries peg men with higher car insurance rates. I'm only just learning that there's anything like this in the credit system to prevent gender bias. Does something like that protection exist for auto insurance? As a side note, Idon't really understand the thread's appeal to credit scores here, considering that the TransUnion rating system is supposed to be the inferior one that Apple is looking to replace. But most of all, I'm shocked by the number of people here outraged by Apple's behavior who will not even be considering switching off their iPhone (Twitter OP included, hell, he even posted a screenshot of his recurring TransUnion payment still being served via Apple Pay). I actually happen to agree with OP, but this blaise attitude towards real customer complaints has kept me from using Apple products for years.

dijit 7y ago
For car insurance? This is incredibly well known and not at all anecdotal. There was even a popular car insurance firm in the UK that only gave women car insurance if they were women called “Sheilas Wheels” which touted lower fees than “other insurance companies that have to also cater to men”. https://youtu.be/GzNJh1o84-E https://youtu.be/GzNJh1o84-E
- TAForObvReasons 7y ago
  Even though it wasn't a protected class, GEICO (Government Employees Insurance Company) originally started as an auto insurance company specifically for federal government employees, a pool perceived to be less risky than the driving population
- tialaramex 7y ago
  It's also now illegal for insurers to do this in the EU since the ECJ reasoned that discriminating on gender, even if as a result of such a correlation, was prohibited. Anecdotally I've been told that (British car) insurers don't care very much about your real actuarial risk, they're focused more on whether you'll actually pay their premiums. Specifically I was told that work to integrate with credit checking services was a priority whereas an integration with the UK Government's service which gives them access to driving offences and other records related to a driving license was back-burnered. The reason I was given was that in practice they'd found if you require drivers to give their license details, it causes a big drop in purchases, if you make the license details _optional_ lots of people fill them in, and you can just give all those people a better price even though you don't use the details to actually check anything automatically.

dijit 7y ago

For car insurance? This is incredibly well known and not at all anecdotal. There was even a popular car insurance firm in the UK that only gave women car insurance if they were women called “Sheilas Wheels” which touted lower fees than “other insurance companies that have to also cater to men”. https://youtu.be/GzNJh1o84-E https://youtu.be/GzNJh1o84-E

TAForObvReasons 7y ago
Even though it wasn't a protected class, GEICO (Government Employees Insurance Company) originally started as an auto insurance company specifically for federal government employees, a pool perceived to be less risky than the driving population
tialaramex 7y ago
It's also now illegal for insurers to do this in the EU since the ECJ reasoned that discriminating on gender, even if as a result of such a correlation, was prohibited. Anecdotally I've been told that (British car) insurers don't care very much about your real actuarial risk, they're focused more on whether you'll actually pay their premiums. Specifically I was told that work to integrate with credit checking services was a priority whereas an integration with the UK Government's service which gives them access to driving offences and other records related to a driving license was back-burnered. The reason I was given was that in practice they'd found if you require drivers to give their license details, it causes a big drop in purchases, if you make the license details _optional_ lots of people fill them in, and you can just give all those people a better price even though you don't use the details to actually check anything automatically.