Comment by toast0
1 year ago
The idea of dangerous drivers paying more for insurance is fine. It's probably better than the idea of drivers with bad credit paying more for insurance.
The problem is in how is dangerous driving assessed. Simple to apply rules lack the understanding of conditions. Telematics are going to be low bandwidth data, almost certainly without enough data to form an understanding of conditions.
> It's probably better than the idea of drivers with bad credit paying more for insurance.
There must be some correlation between bad credit and likelihood to be in a collision.
There is a better correlation between dangerous driver and likelihood to be in a collision.
Probably. If so, that will be weighted more heavily.