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> Does it really matter if it's opt-in when insurance companies are going to make the price without the "discounts" you get for opting in completely unaffordabl
by tekknik 2y ago
> Does it really matter if it's opt-in when insurance companies are going to make the price without the "discounts" you get for opting in completely unaffordable for most people?
let’s be accurate with statements yes? i was offered one of these devices, refused it, and my rates did not increase. you’re claiming the rates people have been paying are lower than after they refuse the device. This is incorrect.
- markovs_gun 2y agoThat's not the mechanism by which this happens. It's likely illegal (or at the very least, a bad look PR wise) for them to increase your rates based on your refusal to be spied on, but the base price will likely increase as the adoption of technologies like this becomes more widespread, and the discounts will become a more important part of how people afford car insurance. It's not that your specific policy will go from $200/mo to $300/mo for not opting in, it's that over time the same policy for new customers will be $300/mo but with a $100/mo discount for letting them spy on you.
- tekknik 2y agoInflation will also do that. So are you mad at the current administration for increasing the prices of all policies? in reality so long as there still competition and the gov keeps their regulatory noses out of it, then competition alone will take care of it. Besides, the devices are embedded into cars now so this is entirely a nonissue going forward. Everybody already has one and your driving data is being sent to insurance companies without you even knowing.