6 ms·

Insurance already discriminates on age/car make based on shitty risk models, what's new

by totony 5y ago

ausudhz 5y ago
We could do better and not worst maybe
- totony 5y ago
  Well, this seems slightly better to me. I'd rather be discriminated against based on what I'm doing than on what I am. I'd rather not have my life dictated by unaccountable analysts/AI but I don't think this particular news is worse than the status quo. EDIT: Main thing that irks me about this is the invasion of privacy. Less data = good in my book and this is the complete opposite so I'd probably pay a premium not to use that.
  - ausudhz 5y ago
    This is your personal choice, but you've to contextualize this in a larger framework which for most people is society. So if there are lets say, 90% good driver and 10% of bad drivers, if you are happy to pay less (and you belong to the 90%) then you'd have a 10% people that either pay a lot for their insurance or don't pay it at all because it become too expensive. So lets say out of the 10% drivers that have a bad behavior, 50% of them (thus 5% or the total) go out without insurance. Now, it you are, for some reason, unlucky enough to meet one of the 5% without insurance and, unfortunately, you are on a car accident with one of them and that person run away without giving you a chance to ask for damage and, even if you can, he has nothing to repay off this damage, would you be happy?
    - fastball 5y ago
      Car insurance is required in Texas, so your hypothetical is somewhat nonsensical. If it's not required where you are from, maybe you should worry more about fixing that first?
      - ausudhz 5y ago
        It's required, but doesn't mean that there aren't people who do go on the roads without one. Is hard to enforce the law to 100% of the population. From where I'm from, the number of people driving without insurance has increased for various factors in the last few years. From a 0.x to a 1.x %
Ekaros 5y ago
I think car make is reasonable thing at least for coverage of the car itself. More expensive and more expensive to repair models should have higher premiums. And they should not be subsidised by owners of cheaper models.

Insurance already discriminates on age/car make based on shitty risk models, what's new

by totony 5y ago

Insurance already discriminates on age/car make based on shitty risk models, what's new

ausudhz 5y ago

We could do better and not worst maybe

totony 5y ago
Well, this seems slightly better to me. I'd rather be discriminated against based on what I'm doing than on what I am. I'd rather not have my life dictated by unaccountable analysts/AI but I don't think this particular news is worse than the status quo. EDIT: Main thing that irks me about this is the invasion of privacy. Less data = good in my book and this is the complete opposite so I'd probably pay a premium not to use that.
- ausudhz 5y ago
  This is your personal choice, but you've to contextualize this in a larger framework which for most people is society. So if there are lets say, 90% good driver and 10% of bad drivers, if you are happy to pay less (and you belong to the 90%) then you'd have a 10% people that either pay a lot for their insurance or don't pay it at all because it become too expensive. So lets say out of the 10% drivers that have a bad behavior, 50% of them (thus 5% or the total) go out without insurance. Now, it you are, for some reason, unlucky enough to meet one of the 5% without insurance and, unfortunately, you are on a car accident with one of them and that person run away without giving you a chance to ask for damage and, even if you can, he has nothing to repay off this damage, would you be happy?
  - fastball 5y ago
    Car insurance is required in Texas, so your hypothetical is somewhat nonsensical. If it's not required where you are from, maybe you should worry more about fixing that first?
    - ausudhz 5y ago
      It's required, but doesn't mean that there aren't people who do go on the roads without one. Is hard to enforce the law to 100% of the population. From where I'm from, the number of people driving without insurance has increased for various factors in the last few years. From a 0.x to a 1.x %

Ekaros 5y ago

I think car make is reasonable thing at least for coverage of the car itself. More expensive and more expensive to repair models should have higher premiums. And they should not be subsidised by owners of cheaper models.