3 ms·

I'm not sure how your take works. Either : A. Motorcycles are hitting many things causing everyone's insurance to go up. But here at least, motorcycles and rid

I'm not sure how your take works. Either : A. Motorcycles are hitting many things causing everyone's insurance to go up. But here at least, motorcycles and riders are insured differently to cars, as you'd expect with differing %chance vs damage outcomes. So not true. B. The mysterious group "Everyone" is at fault hitting motorcycles too much, causing everyone's insurance to go up. Which seems... fair?

jjk166 5y ago
Your insurance price is a function of your risk of getting in an accident and the expected damage from any given accident. If your driving patterns are unchanged but many vehicles on the road have fewer safety features, the odds of a collision remain constant but the expected damage from a collision goes up. The more people who ride motorcycles, the greater the odds that any given collision will happen to be with someone on a motorcycle, and thus the greater the odds that said collision will result in severe injuries. If the odds of a collision resulting in severe injuries goes up, either the odds of collision need to go down or insurance rates need to go up.
- _carbyau_ 5y ago
  Thank you for a concise and clear explanation. Under those circumstances I can see how "other people riding a motorcycle" makes your premium go up. I don't quite agree that the "odds of a collision remain constant" over time. Motorcycles take less space for one. But obviously, being subject to more damage has a selective effect. However in any case even if the selective trend is applied to maximum, holding to the assumption of safe/damage for riding-vs-driving means that the premium will have some increase vs a "all car" world. But I live in a world where other people affect me in so many ways that I see this as another similar effect. Damn miners stealing my gaming GPU cards...

3 ms·

I'm not sure how your take works. Either : A. Motorcycles are hitting many things causing everyone's insurance to go up. But here at least, motorcycles and rid

by _carbyau_ 5y ago

jjk166 5y ago
Your insurance price is a function of your risk of getting in an accident and the expected damage from any given accident. If your driving patterns are unchanged but many vehicles on the road have fewer safety features, the odds of a collision remain constant but the expected damage from a collision goes up. The more people who ride motorcycles, the greater the odds that any given collision will happen to be with someone on a motorcycle, and thus the greater the odds that said collision will result in severe injuries. If the odds of a collision resulting in severe injuries goes up, either the odds of collision need to go down or insurance rates need to go up.
- _carbyau_ 5y ago
  Thank you for a concise and clear explanation. Under those circumstances I can see how "other people riding a motorcycle" makes your premium go up. I don't quite agree that the "odds of a collision remain constant" over time. Motorcycles take less space for one. But obviously, being subject to more damage has a selective effect. However in any case even if the selective trend is applied to maximum, holding to the assumption of safe/damage for riding-vs-driving means that the premium will have some increase vs a "all car" world. But I live in a world where other people affect me in so many ways that I see this as another similar effect. Damn miners stealing my gaming GPU cards...