The interesting thing is, perception is important to insurance companies
also, we've come to accpet really high insurance premiums for young male
drivers, but still think we should get a good rate on young female
drivers. Insurance companies are actually loosing money on insuring
young female drivers these days, but are reluctant to riase rates, why?
because until the other guy does you mioght change insurance companies.
So they are willing to continue to loose money on young female drivers,.
but unwilling to do so on young male drivers.
Makes lots of sense, doesn't it?
Greg
hoping this stupidity holds out until my daughter is of driving age...
Trummel wrote:
>
> As long as we're beating up on insurance companies...
>
> ...early in adulthood, lo these many years ago, I was
> frustrated that my sports car affliction, my choice of male
> sexhood, and my choice of being under the age of 25, were
> all punished by the insurance companies with higher rates.
> They explained that it was all based on data they contrived
> over the years and which justified, to them at least,
> charging me a lot of money for my preferances for neat cars,
> testosterone and youth. Sort-of a hidden tax on these
> things.
>
> But, I pointed out in my frustration and youthful
> enthusiasm, you don't charge more for red cars (I had none),
> and statistically, red cars are involved in more
> accidents/mile than any other color car!
>
> Hard as it may seem to believe, all these years later they
> still haven't picked up on the idea. Nowhere on insurance
> applications do they ask the color of your car.
>
> So, insurance companies may be pretty good at gouging, but
> they also still have a thing or two to learn! Take that!
>
> Cheers,
> Reid
> 1. Still like neat cars
> 2. Testosterone is still my drug of choice
> 3. Mostly given up on the youth thing, though (and my rates
> went down, too!)
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