Re:Insurance is like gambling, don't overdo it
by samtho on Sunday June 20, 2021 @05:09AM
(#27568372)
They mostly deal with numbers on the macro scale. If 10,000 miles per year is a good representation of how much the general populous drives, it’s good enough for them. This is why we’re seeing more niche insurance companies pop up (MetroMile, et al) who can offer “smarter” rates based on a more granular assessment of risk.
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Re:Insurance is like gambling, don't overdo it
by SilasX on Monday June 21, 2021 @12:33AM
(#27576338)
All else equal a driver who does 5000 miles a year will have half the adverse events of Someone driving 10,000 miles/year. That’s a huge difference that makes no sense of lump together. And yet only a few (non-commercial) insurers, like metromile, account for it. It makes no sense.