3 ms·
Insurers don't care because vulnerability can be predicted by make/model/year so they a) can readily predict how much they'll pay out, are all saddled with the
by throwaway0a5e 5y ago
Insurers don't care because vulnerability can be predicted by make/model/year so they a) can readily predict how much they'll pay out, are all saddled with the same cost increase (per vulnerable vehicle) and are free to pass that on to customers knowing that the competition has to do the same so they won't be undercut. Basically they don't care because the cost passes right through them with minimal friction in this case.
- avidiax 5y agoThat assumes a static level of exploitation. If criminal gangs decide that Honda/Acura is the low-hanging fruit and ramp up theft of these vehicles, the insurance companies will have to react with increased insurance costs, which will put pressure on the manufacturers since it raises TCOO.
- jdavis703 5y agoInsurance renews every 6 or 12 months. At least in the US criminal gangs are fairly decentralized, so it seems insurance companies are on somewhat even ground with any shift in crime patterns.
- calvinmorrison 5y agoInsurers don't care because risk is proportionate to cost. Hence actuaries.