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A comment on Allstate used GasBuddy and other apps to track driving behavior. Parent comment

Re:Allstate used GasBuddy and other apps to track driving be... by hatsunearu on Tuesday January 14, 2025 @12:37PM (#42700702)
If you actually have a tracking system like this (a lot of insurance companies will offer it), you'll find the bar for unsafe driving is ridiculously low.

The truth is insurance agencies always want to find a reason to increase your premiums, because the law says you can't just increase the premiums for no reason. Most premiums are lower than what it "needs" to be, so if they find an excuse, they will jack up the premiums.

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Re:Allstate used GasBuddy and other apps to track driving be... by bradleybuda on Tuesday January 14, 2025 @01:00PM (#42701100)
These same companies ruthlessly compete on rates in the consumer marketplace
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Re:Allstate used GasBuddy and other apps to track driving be... by StackRanker3000 on Tuesday January 14, 2025 @12:55PM (#42701011)
How does that work in practice? Do insurers have to share their models with the regulator?
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Re:Allstate used GasBuddy and other apps to track driving be... by bkberry352 on Tuesday January 14, 2025 @01:06PM (#42701214)
Yes, models have to be shared with regulators and the regulators have to be convinced that the premiums insurers wish to charge are actuarially justified (supported by the data).
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Re:Allstate used GasBuddy and other apps to track driving be... by positr0n on Tuesday January 14, 2025 @08:17PM (#42706192)
> The truth is insurance agencies always want to find a reason to increase your premiums, because the law says you can't just increase the premiums for no reason.

How does this work? Are you saying all the insurance companies share data and collude to set your rate? Or they just hope you don't price shop every year or two and jump to an offering that is under the legal limit (whatever that is)? My state has over 50 auto insurance companies, so I don't see why they would have to resort to tricks like that to increase your rate in an unfair way.

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