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An equivalent headline would be "Tesla owners who don't drive late at night get discounted premiums." Accident rates are higher at night, and premiums should re
by Bostonian 4y ago
An equivalent headline would be "Tesla owners who don't drive late at night get discounted premiums." Accident rates are higher at night, and premiums should reflect that.
- salawat 4y agoHow about "insurance company uses built in surveillance capabilities to fleece users extra for what was previously considered normal usage". In case you didn't realize it, insurance companies are a shadow control layer, and it is in everyone's interest to stay on top of what information insurers are allowed to operate off of, as all of them indirectsly converge on the same signals.
- deleted 4y ago[deleted]
- webmobdev 4y agoPremiums should be based on accident rate of the individual driver, especially if you are monitoring each driver's driving habits.
- paulcole 4y agoSo until you get in an accident your insurance should be $0.00?
- webmobdev 4y agoI meant "Premium hikes" ... should have been clearer.
- seanmcdirmid 4y agoInsurance is unfortunately based on statistics. The insurance companies found they couldn’t judge risk accurately using your method. Waiting for the bad thing to occur just wasn’t good enough, they had to make predictions.
- harvey9 4y agoAccident rate of the individual is a very coarse measure. But from the second clause in your post you probably meant something like hazardous behaviours rate.
- itschuntttttt 4y agoInsurance risk can only be modeled in aggregate. The entire game is to have a communal pool where 100% of people pay for the 10% whom file claims. Its also why health insurance is a fundamentally stupid idea, 100% of people need to be paid out eventually. We all get sick and die.
- Majromax 4y ago> Premiums should be based on accident rate of the individual driver, Fortunately, accidents are rare enough that most drivers do not have a statistically-valid accident history. Unfortunately, that means that the accident rate, for the purposes of insurance, must be based on a model. If the model is behaviour-based, then the insurance provider must extrapolate from measurements that correlate with accident rate, even if they do not necessarily imply moral culpability.
- webmobdev 4y agoMy mistake - I meant any "Premium hikes" should be based on the accident rate of a driver.