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A comment on Class Action Against General Motors LLC, OnStar LLC, LexisNexis Risk Solutions [pdf]. Parent comment

Re:Class Action Against General Motors LLC, OnStar LLC, Lexi... by GuestHNUser on Thursday March 14, 2024 @08:41PM (#39710820)
> led to lower insurance premiums

Maybe it would be lower relative to other people's rates, but one must imagine that any insurance prices will only ever cost more to the consumer.

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Re:Class Action Against General Motors LLC, OnStar LLC, Lexi... by smokefoot on Thursday March 14, 2024 @08:43PM (#39710841)
This is not how capitalism works. However, if insurance were priced perfectly, it would cease to be useful!
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Re:Class Action Against General Motors LLC, OnStar LLC, Lexi... by dgacmu on Thursday March 14, 2024 @10:33PM (#39711492)
Not really. Accidents are a function of driver and environment. You can't control the other drivers. If you think of the primary purpose of insurance as to make sure that the party not at fault is made whole, then perfectly priced insurance becomes like posting a bond in order to drive. Which isn't unreasonable.

(Plus uninsured motorist coverage for the other parts you can't control, which really is an insurance function.)

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