Re:Americans Are Keeping Their Cars Longer, as Vehicle Age H...
by Scoundreller on Sunday June 20, 2021 @02:15PM
(#27572524)
In an efficient market anyway, and auto insurance definitely isn't where I am!
Theft premium stays the same, even though replacement cost has gone down and it's less valuable as a target. You'd think other cars becoming safer on average would decrease the risk of getting into accidents at their fault and at my fault, but the comprehensive premium stays the same on a now older car.
I find it hard to believe that auto thieves somehow avoid the equally dense town 1hr down the highway.
Theft premium stays the same, even though replacement cost has gone down and it's less valuable as a target. You'd think other cars becoming safer on average would decrease the risk of getting into accidents at their fault and at my fault, but the comprehensive premium stays the same on a now older car.
I find it hard to believe that auto thieves somehow avoid the equally dense town 1hr down the highway.