That is interesting. I would say that your history of accidents is far more important than "how you drive". But, insurance companies ONLY understand statistics. I worked for one for many years and there is no consideration of individual for many of their calculations. That's the whole basis of insurance. At some point they may understand the difference in a big picture view, but I doubt we are there yet with this tracking stuff. It will take time and lot of analysis.
We're all being tracked and mined in many other ways if you use technology at all. Unless you wanna go off the grid, it's unavoidable, well maybe almost but that's a whole other debate. All I can say is I've been using DS&D for years and have had no complaints other than it being a bit unfair on the grading sometimes in my opinion.
DSS is based on annual miles and how you drive. Ask your agent how many annual miles you show and I bet your wife is around 10,000 and you are 15,000 annual miles?
The only way we insurance companies CAN give any consideration to the individual is though these types of driving analysis (see how I avoided the word tracking
) systems. Geico was really the last holdout on telematics rating, but they just decided to join in because they were getting stuck with the bad drivers (Buffett’s approximate words). Very soon (within probably 2 years) you will see insurance rates rise sharply. Those that signup to have their driving style monitored AND drive like they should will see big discounts. Those that don’t signup will be considered bigger risks and pay through the nose.The only way we insurance companies CAN give any consideration to the individual is though these types of driving analysis (see how I avoided the word tracking
Your insurance rate is based on how likely you are to have a claim and how much that claim will cost. Once you can prove you are less likely to have a claim, your rate can go down through discounts.
i think after a certain time period you take off the obd2 sensor thing. at least thats how progressvie was when my wife did it, after she took it off it was back to normal driving habits
I’m not advocating the driving monitoring (I don’t use it) and it is nothing like health insurance testing, I’m simply stating that is where things are going. Talk to auto claims reps, they know a lot of customers by name. It is the same people that keep getting into accidents, a behavior that can be modified. Genetic predisposition to something isn’t controllable at all. That is comparing apples and planets.
I probably need to clarify my original post a bit. What I'm saying is that even with telemetrics the insurance company still doesn't get a full picture of someone's likelihood of getting in a accident. Here's an example: Driver A is pretty aggressive, accelerates hard, corners hard, changes lane often, but hasn't ever been in an at fault accident. Driver B is my mother: Drives slow, doesn't pass, but she in reality backed into someone and ran into a tree on the side of the road for no apparent reason. Now, the B drivers will probably look great on telemetrics without consideration of driving history and statistically I think we can all agree that as a group aggressive drivers are going to get into more accidents. However, there is a subgroup within that group that is probably much more aware of their surroundings, knows the limits of their machine, doesn't get tickets and knows when it's OK to be aggressive and when it's not. The insurance companies can't make that fine of a distinction. So, even the subgroup of "experts" is going to pay more, but probably shouldn't.The only way we insurance companies CAN give any consideration to the individual is though these types of driving analysis (see how I avoided the word tracking
Your insurance rate is based on how likely you are to have a claim and how much that claim will cost. Once you can prove you are less likely to have a claim, your rate can go down through discounts.
