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> Safe drivers subsidize unsafe drivers and this subsidy can and should be reduced when possible with better predictive information. Okay, that's an interestin
by klyrs 2y ago
> Safe drivers subsidize unsafe drivers and this subsidy can and should be reduced when possible with better predictive information.
Okay, that's an interesting perspective, let's explore. A policy that can be unilaterally cancelled at any time, and forces you to put cameras in your car, could be the most efficient insurance ever. As long they manage to predict that you'll be in an accident in time to electronically cancel your policy, they'll never need to pay out more than refunding your premium.
- AbrahamParangi 2y agoCar insurance companies are already generally legally required to give notice in writing 30 days before cancelling your policy, even for material changes in risk. Let’s try to stick to the real world.
- klyrs 2y agoYou're the one proposing to change real world policies. I find it really interesting that I'm speaking directly from the libertarian playbook and the anti-insurance folks in the conversation are telling me to trust the government regulations. Especially when those very government regulations would be eviscerated by the proposed changes.
- AbrahamParangi 2y agoYou are unable to think precisely enough to have this conversation.