Quote:
Originally Posted by dreamingat30fps
The facts also still remain. The whole business is based on risk. Sure no one likes it, especially if you are deemed higher risk, but what is your proposed alternative? The way I see it if they were forced to not "discriminate" then one of two things would happen. EVERYONE would pay more = even more profit for the insurance companies or they would stop insuring people like most home owners insurances have done in FL.
To me "discrimination" sounds like the better of the three, but I'm all ears if you have a real world solution.  |
Quote:
Originally Posted by Efthreeoh
What are you actually trying to say? If all things are exactly equal, how would the insurance company discriminate if there are zero differences between two people. Your statement makes no sense. Are you trying to say all things equal but different insurance companies? I just don't get your point.
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I know my concept is going to sound completely wild here... so forgive me for some common sense...
How about the person that pays more or the most is the one creating the cost?
There is a baseline rate set at say $75 per month per car for everyone... then there is a formulation that only affects that premium on the following 3 items-
1) Your personal driving record and history of causing accdents.
2) The market value of your car. This will depend on whether you have a more or less expensive car... clearly if more, you pay more. Value stays the same by car... not by whether this models is wrecked more or other bullshit statistics but rather based on replacement cost.
3) The amount of miles you drive annually... being on the road more is directly related to having an accident by default.
Again - forgive me... that's too honest and simple of a concept
