There are numerous factors in pricing and one input is the sophistication of the buyer and their common behaviors. The pricing is just fine for typical traveler

There are numerous factors in pricing and one input is the sophistication of the buyer and their common behaviors. The pricing is just fine for typical travelers who want to insure their trip and are not using their past experience to distill high-probability delays with 20+ identities. Dynamic pricing isn't free to implement, and raising prices to account for accurately for delays may result in policies never bought by travelers who find them too expensive or a clear signal to get a better flight instead.