Comment by bluishgreen
1 year ago
Gives the creepy vibes, but if you stop to think about it - this can stop good drivers from subsidizing the bad drivers. Not like the insurance companies are doing to lower the premium on good drivers, if you have a problem with that talk to capitalism. But bad drivers getting higher premiums is good for everyone.
> But bad drivers getting higher premiums is good for everyone.
Not necessarily. In many parts of the United States, a car is the only viable mode of transport. If you price the bad drivers out of the insurance market, they will forgo insurance all together. Then, if they cause a loss, they will be uninsured and the other driver's insurance will have to pay for the loss (or spend resources in costly suits) anyhow. So, then good drivers premiums will need to go up to compensate for the extra "bad drivers can't afford insurance" risk that good driver's carry. We end up in a similar situation in a roundabout manner but with the added element that now all our data is stored on everyone's servers.