Romeo Chicco’s auto insurance rate doubled because of information about his speeding, braking and acceleration, according to his complaint.

  • bane_killgrind@lemmy.ml
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    8 months ago

    Yeah you are a “flight risk” customer or you have other data points that make them think you are worth offering a lower premium.

      • bane_killgrind@lemmy.ml
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        8 months ago

        No? There’s a minimum base price that you would be charged.

        Remember, this is a profitability equation, not a risk assessment. Wearing a Pope hat doesn’t make you the Pope.

        • capital@lemmy.world
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          8 months ago

          I think it does. Seeing as my record is good, thereby making it easier for me to shop around and get a lower price. I think it’s pretty straightforward.

          Someone who pays their premiums and doesn’t get in accidents is profitable.

          But again, I don’t know all this to the true - I’d like to see his report vs mine.

          • bane_killgrind@lemmy.ml
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            8 months ago

            Is your record good? I moved years ago and my rate dropped by half.

            Was my record better or something? No.

            • capital@lemmy.world
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              8 months ago

              Did you move states? Even cities can matter.

              I didn’t mean to suggest that ONLY driving record matters.

              If you move to a place known for a lot of uninsured drivers, your rates are gonna increase, for example.

              • bane_killgrind@lemmy.ml
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                8 months ago

                A private business is arbitrarily charging customers for a required service. Living in one postal code or another has no bearing on a driver’s actual skill. These people are predatory, pull your head out of your ass.

                • capital@lemmy.world
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                  8 months ago

                  As I said before, premiums aren’t just based on driver skill/record.

                  If you move to an area with high carjacking rates, your premiums will rise.

                  You sound like a kid who just started paying attention to this stuff. I thought it was common knowledge.

                  I’ve lived in 5 different places, over 2 countries, with the same car, under the same insurance company. Rates were always different.

                  • bane_killgrind@lemmy.ml
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                    8 months ago

                    So my premiums are higher in my 20000$ car because Lexus drivers get carjacked in my postal code.

                    It’s not new to me. It’s always been stupid and predatory.