The Oregon DMV took in $11.5M last year by selling your information
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Re: The Oregon DMV took in $11.5M last year by selling your information
#2Most states seem to do this.
Vermont: https://vtdigger.org/2019/11/25/how-vermonts-dmv-makes-milli...
Florida: https://www.fastcompany.com/90376510/floridas-dmv-is-selling...
California: https://www.vice.com/en_us/article/evjekz/the-california-dmv...
Federal law apparently requires they provide the info to some clients, including insurance companies.
Re: The Oregon DMV took in $11.5M last year by selling your information
#3Insurance companies buy your reports from states or 3rd party aggregators who bought from the states.
It can actually cost a lot. Oklahoma charges a hefty fee.
Some of this cost is passed back to the consumer through higher overall rates.
But because some people aren’t honest about their tickets and accidents, the reports help prevent clean drivers from subsidizing accident prone but not truthful drivers.
Re: The Oregon DMV took in $11.5M last year by selling your information
#4As an Oregonian, I am disappointed that is all they got.
Re: The Oregon DMV took in $11.5M last year by selling your information
#5Insurance companies buy your reports from states or 3rd party aggregators who bought from the states. It can actually cost a lot. Oklahoma charges a hefty fee. Some of this cost is passed back to the consumer through higher overall rates. But because some people aren’t honest about their tickets and accidents, the reports help prevent clean drivers from subsidizing accident prone but not truthful drivers.
I see what you did there. The entire reason insurance company buys the data is to raise rates by zip code or whatever they do.
Now if the insurance is anyways f-ing me over, I might as well have the state/gov earn some money from it.
Ask the insurance company for some of their data and see if they provide for free
Re: The Oregon DMV took in $11.5M last year by selling your information
#6As an Oregonian, I am disappointed that is all they got.
Exactly this! I hope our data is worth more
Re: The Oregon DMV took in $11.5M last year by selling your information
#7[deleted]
Re: The Oregon DMV took in $11.5M last year by selling your information
#8Related from a few days ago: https://news.ycombinator.com/item?id=22013559
The title says Vermont, but the thread covers other states too.
Re: The Oregon DMV took in $11.5M last year by selling your information
#9[deleted]
Re: The Oregon DMV took in $11.5M last year by selling your information
#10This is one of the things that happens when you don't raise taxes. (obviously it's more complicated than that...)