That’s not how insurance rates work but okay I see the populist rage appeal of the headline and usually that gets loose with facts. Edit: to clarify, overall r

That’s not how insurance rates work but okay I see the populist rage appeal of the headline and usually that gets loose with facts. Edit: to clarify, overall rates are set based on the aggregate loss of the overall customer base in each state plus some profit margin. This is the whole pie. Driver characteristics like the car data is used to segment those rates on the individual level so each is a different sized piece of pie but one slice being bigger means another’s are smaller. The actual effect of driving data shouldn’t impact the average rate, only the individual rate with individual increases balanced by individual decreases. So the headline would be just as accurate if it said the sharing is reducing rates. That’s how it works. But yes, not having the data sharing opt-in is unethical. The actual reasons rates are sky rocketing is inflation and increased accident rates. Anyway, care to point out what’s wrong about this comment or is it the standard shoot the messenger type deal?