3 ms·

I doubt this exists for insurance reasons. (Also gets us almost 360 degrees back to the way the Taxi industry functions).

londons_explore 6y ago
Car insurance distorts so many uses of cars that, IMO, its time for government to step in. Simple things like "oh, I'll drive my daughter's car to work today because she doesn't need it and it's more economical" end up not happening because insurance is too prescriptive on who can drive. Instead insurance should either be for a car (and anyone with a license can drive) or for a driver (who can then drive any street legal car). In the case of the car, they should provide a window sticker saying 'Insured for all drivers' so everyone is aware that the car can be borrowed (with the owners permission obviously).
- chiefofgxbxl 6y ago
  Seems like insurance couples the driver with the vehicle for risk management though. For example, an expensive vehicle will have a higher insurance premium than a cheaper vehicle because repairs will be more expensive. But a better driver behind the wheel of that expensive vehicle will minimize the chance of a payout. There could be instances where a bad driver of a cheap vehicle is paying close to what a good driver in an expensive vehicle pays. i.e. [Higher payout but lower risk === lower payout but higher risk]. So it's not just enough to put insurance on the vehicle or just the driver. Both must be used to calculate the premium. Still, what you're saying sounds interesting and would be an interesting experiment if insurance companies could offer that as an option.
- treis 6y ago
  That is how it works. Comprehensive insurance covers anyone driving the car and liability insurance follows the driver.
logicallee 6y ago
There are interesting replies to your comment, when I posted I didn't directly think of insurance. I did think of theft (like are you really going to let a stranger drive off with your car?) but that is possible to address in many ways. The replies are focusing on insurance, but that is a numbers game so a startup could solve the insurance problem by being an insurance company as well. (or partnering with one, paying for the privilege by burning through VC money.) it seems from the reply thread that there is no marketplace for lending your car out to the gig economy. (Which is a shame, because if there were, gig workers could calculate their hourly more easily.) of course, even if there were such a market, it could be mispriced - maybe all the people who are lending their cars out on that economy are either losing money, or they're getting money but the market is artificially inflated by VC dollars the way uber was. It's interesting that there is no such market - seems like a pretty natural niche. according namecheap, as of this moment lendmycar.com is available and $8.88/yr ... hmmmm.... https://ibb.co/2ZQ9q3Z https://ibb.co/2ZQ9q3Z

londons_explore 6y ago

Car insurance distorts so many uses of cars that, IMO, its time for government to step in. Simple things like "oh, I'll drive my daughter's car to work today because she doesn't need it and it's more economical" end up not happening because insurance is too prescriptive on who can drive. Instead insurance should either be for a car (and anyone with a license can drive) or for a driver (who can then drive any street legal car). In the case of the car, they should provide a window sticker saying 'Insured for all drivers' so everyone is aware that the car can be borrowed (with the owners permission obviously).

chiefofgxbxl 6y ago
Seems like insurance couples the driver with the vehicle for risk management though. For example, an expensive vehicle will have a higher insurance premium than a cheaper vehicle because repairs will be more expensive. But a better driver behind the wheel of that expensive vehicle will minimize the chance of a payout. There could be instances where a bad driver of a cheap vehicle is paying close to what a good driver in an expensive vehicle pays. i.e. [Higher payout but lower risk === lower payout but higher risk]. So it's not just enough to put insurance on the vehicle or just the driver. Both must be used to calculate the premium. Still, what you're saying sounds interesting and would be an interesting experiment if insurance companies could offer that as an option.
treis 6y ago
That is how it works. Comprehensive insurance covers anyone driving the car and liability insurance follows the driver.

logicallee 6y ago

There are interesting replies to your comment, when I posted I didn't directly think of insurance. I did think of theft (like are you really going to let a stranger drive off with your car?) but that is possible to address in many ways. The replies are focusing on insurance, but that is a numbers game so a startup could solve the insurance problem by being an insurance company as well. (or partnering with one, paying for the privilege by burning through VC money.) it seems from the reply thread that there is no marketplace for lending your car out to the gig economy. (Which is a shame, because if there were, gig workers could calculate their hourly more easily.) of course, even if there were such a market, it could be mispriced - maybe all the people who are lending their cars out on that economy are either losing money, or they're getting money but the market is artificially inflated by VC dollars the way uber was. It's interesting that there is no such market - seems like a pretty natural niche. according namecheap, as of this moment lendmycar.com is available and $8.88/yr ... hmmmm.... https://ibb.co/2ZQ9q3Z https://ibb.co/2ZQ9q3Z