4 ms·
I'd love to see the weird trends they find on some of the bigger more complex algorithms. Like people who drive red cars born July 2000 with a pet bird are 8 ti
by MivLives 4y ago
I'd love to see the weird trends they find on some of the bigger more complex algorithms. Like people who drive red cars born July 2000 with a pet bird are 8 times more likely to get in an accident if they primarily drive near Chicago or Miami. I'm sure it's not that granular but I can dream.
- t_mann 4y agoPeople who drive red cars born July 2000 with a pet bird are 8 times more likely to get in an accident if they primarily drive near Chicago or Miami Hopefully they know their stats modelling well enough to know that's not an actual signal.
- PeterisP 4y agoAch, there may well there be signal in there (and the insurance companies do enough stats modelling to tell if there is) - I mean, isn't the car color a well known example where the people's tendency to drive recklessly is correlated with their choice of buying a boring color or a flashy one?
- petercooper 4y agoOne of the things that swings the price a fair bit in the UK is your job title which has always intrigued me as a signal. I could understand if it's someone using their car for deliveries or as a race car, but I'm unsure why a "counsellor" could be paying double the premiums of a "Web developer" on standard insurance.
- ev1 4y agoI've been told by an agent before that a "web developer" at a contractor/wordpress body shop-type will be less likely to take risks, while a "web developer" at FB or G would be more likely to do things like rock climb, drive into the middle of nowhere, drive faster.
- function_seven 4y agoHeh. “I think you're overfitting here, no?” “That may be, but as your insurance agent, I recommend getting rid of the bird to save money on your premiums.”
- nradov 4y agoMost state insurance commissions have strict rules that limit the factors which insurers are allowed to use for setting auto insurance premiums.