4 ms·

> Do we really want these kind of scores to determine our insurance rates, outcomes in the case of an accident and so on? Why wouldn’t I? Seems much more fair

by danhak 5y ago

> Do we really want these kind of scores to determine our insurance rates, outcomes in the case of an accident and so on? Why wouldn’t I? Seems much more fair than criteria such as age, education and marital status that are currently used to determine rates.

yumraj 5y ago
Few points: 1) Assuming you're in the US - Progressive has been offering this for years. Obviously not everyone is enrolled with Progressive, nor do I know how many of Progressive's customers are enrolled in it. But, if you think that it's good, you may want to look into it, again assuming you're in the US. 2) Everyone who drives extremely carefully, say the medical equivalent of young-healthy person, would want to enroll. However, rest of the people won't. Insurance companies want to balance their high-risk with low-risk customers, which is where I think it'll run into issues. 3) The issue comes when your insurance provider has access to detailed data. Say there was an accident where your insurance company would normally pay. But now, they will be able to dig into data and find some clause that they will use to deny your claim and find you at fault. And, therein lies the problem for everyone and not just bad, or less than excellent, drivers.
- systemvoltage 5y ago
  > which is where I think it'll run into issues. Like what? Genuinely curious.
- mint2 5y ago
  > The issue comes when your insurance provider has access to detailed data. Say there was an accident where your insurance company would normally pay. But now, they will be able to dig into data and find some clause that they will use to deny your claim and find you at fault. Buy comp and coll coverage and they won’t deny, they’ll duke it out with the other party’s carrier to put you not at fault if reasonable evidence shows that
mns 5y ago
Do you really want some out of touch rich developers and researchers that never interact with most of the real world determining various things that can ruin your life?
sorokod 5y ago
Because your interest and those of the insurance company are not aligned and in case of a claim are adversarial. Given extra information to your adversary is foolish.
- axiosgunnar 5y ago
  It‘s basically a case of „I swear I am a good driver, even though I am a 22-yo in a sports cars, please why won‘t you just believe me“ now you have a way to prove it

by danhak 5y ago

yumraj 5y ago

Few points: 1) Assuming you're in the US - Progressive has been offering this for years. Obviously not everyone is enrolled with Progressive, nor do I know how many of Progressive's customers are enrolled in it. But, if you think that it's good, you may want to look into it, again assuming you're in the US. 2) Everyone who drives extremely carefully, say the medical equivalent of young-healthy person, would want to enroll. However, rest of the people won't. Insurance companies want to balance their high-risk with low-risk customers, which is where I think it'll run into issues. 3) The issue comes when your insurance provider has access to detailed data. Say there was an accident where your insurance company would normally pay. But now, they will be able to dig into data and find some clause that they will use to deny your claim and find you at fault. And, therein lies the problem for everyone and not just bad, or less than excellent, drivers.

systemvoltage 5y ago
> which is where I think it'll run into issues. Like what? Genuinely curious.
mint2 5y ago
> The issue comes when your insurance provider has access to detailed data. Say there was an accident where your insurance company would normally pay. But now, they will be able to dig into data and find some clause that they will use to deny your claim and find you at fault. Buy comp and coll coverage and they won’t deny, they’ll duke it out with the other party’s carrier to put you not at fault if reasonable evidence shows that

mns 5y ago

Do you really want some out of touch rich developers and researchers that never interact with most of the real world determining various things that can ruin your life?

sorokod 5y ago

Because your interest and those of the insurance company are not aligned and in case of a claim are adversarial. Given extra information to your adversary is foolish.

axiosgunnar 5y ago
It‘s basically a case of „I swear I am a good driver, even though I am a 22-yo in a sports cars, please why won‘t you just believe me“ now you have a way to prove it