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On a similar note I’ve long thought that larger heavier vehicles should pay more for insurance, as a sort of “danger tax” to cover the greater damage they tend
by jeffwass 3y ago
On a similar note I’ve long thought that larger heavier vehicles should pay more for insurance, as a sort of “danger tax” to cover the greater damage they tend to cause in collisions.
- parpfish 3y agoOr just as an alternative to using fuel taxes to fund infrastructure. For a long time “amount of fuel consumed” was roughly aligned with “amount of wear you cause to roads”. But that relationship is breaking down and we need to find something new (at least in the US, not sure how roads are funded elsewhere).
- snapplebobapple 3y agoYou don't think this is factored in when they ask you what make and model car you are insuring? They ask because they know what they will likely be paying out, which captures this and many other characteristics.
- supertrope 3y agoInsurers are motivated by profit and actual claim costs not on what should be. https://www.iihs.org/ratings/insurance-losses-by-make-and-model https://www.iihs.org/ratings/insurance-losses-by-make-and-mo... Click lowest and highest losses. Pick bodily injury liability and property damage liability. You’ll see that BI is dominated by fast or cheap cars not necessarily the biggest. Big trucks are well represented on the PD side.