Romeo Chicco’s auto insurance rate doubled because of information about his speeding, braking and acceleration, according to his complaint.

  • @[email protected]
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    38 months ago

    No? There’s a minimum base price that you would be charged.

    Remember, this is a profitability equation, not a risk assessment. Wearing a Pope hat doesn’t make you the Pope.

    • capital
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      8 months ago

      I think it does. Seeing as my record is good, thereby making it easier for me to shop around and get a lower price. I think it’s pretty straightforward.

      Someone who pays their premiums and doesn’t get in accidents is profitable.

      But again, I don’t know all this to the true - I’d like to see his report vs mine.

      • @[email protected]
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        28 months ago

        Is your record good? I moved years ago and my rate dropped by half.

        Was my record better or something? No.

        • capital
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          8 months ago

          Did you move states? Even cities can matter.

          I didn’t mean to suggest that ONLY driving record matters.

          If you move to a place known for a lot of uninsured drivers, your rates are gonna increase, for example.

          • @[email protected]
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            08 months ago

            A private business is arbitrarily charging customers for a required service. Living in one postal code or another has no bearing on a driver’s actual skill. These people are predatory, pull your head out of your ass.

            • capital
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              8 months ago

              As I said before, premiums aren’t just based on driver skill/record.

              If you move to an area with high carjacking rates, your premiums will rise.

              You sound like a kid who just started paying attention to this stuff. I thought it was common knowledge.

              I’ve lived in 5 different places, over 2 countries, with the same car, under the same insurance company. Rates were always different.

              • @[email protected]
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                08 months ago

                So my premiums are higher in my 20000$ car because Lexus drivers get carjacked in my postal code.

                It’s not new to me. It’s always been stupid and predatory.

                • capital
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                  8 months ago

                  You’re hyperfixating on my examples and missing the point (or, more likely, you understand perfectly but don’t want to admit it). Lots of different metrics go into the final number.

                  Think insurance rates for those owning the easily stolen models of Hyundai vehicles went up? Likewise, SHOULD they go up after it became apparent they were easily stolen?