Quote:
Originally Posted by ASAP
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  |
So "discriminate" based on risk factors... basically what they do now... but only the factors YOU deem worthy. I hope you get a nobel prize or something.
