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To save money on insurance, drivers agree to intrusive monitoring technology

money.com

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Re: To save money on insurance, drivers agree to intrusive monitoring technology

#321

Post by mr337 »

Waterluvian wrote: post #218

I tried this with an app. They offered 2% off after a month of data collection. I called and turns out my insurance was already so “low” that 2% is the most it would have ever offered. I dunno about elsewhere but in Canada, insurance is like tech job salaries, the only real way to get the best deal is to change providers every few years.

It is the same in USA as well. After about 2-3 years one needs to yearly check out competitive rates.

I have a hunch that the risk is the longer they keep you the more likely to have an accident they have to pay out. So if you are a good customer, no claims for 3 years your engagement with them has been very profitable. If they keep you for another year and you have an claim then that engagement is unprofitable. Just a hunch as insurance math is complicated.

Re: To save money on insurance, drivers agree to intrusive monitoring technology

#322

Post by nonethewiser »

relativ575 wrote: post #217
itsoktocry wrote: post #204

Earlier quoted context omitted.

> A 3-series BMW clocks in at 1700-2255 kg. A comparable Tesla Model Y clocks in at 1778-2003 kg (from empty to fully loaded). A brand new 330i is 3500lbs. A Model Y is 4500lbs. That's a 28% increase in weight for a similar size car. A Honda Civic is 3100lbs in full trim. A 530i is 3800lbs. My VW SUV is only 3850lbs. That means more tire wear and more road wear. Are we at the point where EV fans are going to deny tha…

> A brand new 330i is 3500lbs. A Model Y is 4500lbs. That's a 28% increase in weight for a similar size car. GP said " and EVs are typically nearly twice as heavy as ICE vehicles " Also I'm sure you know that 330i is a sedan. Model Y is a SUV. They are not similar. A BMW similar to Model Y would be X3. it's weight is 4150lbs. Did you know that BMW series 7 is around 4720lbs, compared to 4790lbs of a model S? EV is he…

They are clearly heavier which causes more wear and tear. The estimation that they are nearly twice as heavy is inaccurate. Do you agree with these statements?

Re: To save money on insurance, drivers agree to intrusive monitoring technology

#323

Post by 1231112315123 »

nonethewiser wrote: post #316

Ever since covid and working remotely I drive about 20% of what I used to. I'm guessing this device wont recognize that and reduce my bill to 20% the original amount.

My insurer's app sometimes complains I drive too few to determine my driving style, hence, cannot grant a discount. However the system averages the whole year, taking months into account where this actually did work.

For 200km / Month it's working just fine. Below that sometimes fails.

Re: To save money on insurance, drivers agree to intrusive monitoring technology

#324

Post by MajimasEyepatch »

bamfly wrote: post #314
hahamrfunnyguy wrote: post #297

Earlier quoted context omitted.

I don't see this has a hot take. A couple weeks ago a car intentionally rammed into me from behind. I called 911 and the police took 30 minutes to arrive on the scene. The officer talked to me for about 3 minutes and then threw up their hands and said they wouldn't do anything because I didn't have a plate number and couldn't identify the driver. The police didn't even want to bother trying to get footage from nearby…

> The police didn't even want to bother trying to get footage from nearby cameras when I called back and noted the location of several nearby security cameras that might have picked up the vehicle. If it's any consolation, this is, IME, normal. Unless they stumble on a crime in progress, the cops won't do anything at all to actively attempt to catch the culprit, even when you have things like video of the car with li…

Even for murders, this is the case. The US significantly underperforms other developed countries in the "clearance" rate for murder cases, i.e. the number of murder cases resulting in at least one arrest. In 2020 the clearance rate reached a record low of slightly less than 50% nationally, and much worse in some cities.

https://www.npr.org/2023/04/29/1172775448/people-murder-unso...

Re: To save money on insurance, drivers agree to intrusive monitoring technology

#325

Post by topposter32 »

londons_explore wrote: post #209
topposter32 wrote: post #122

Earlier quoted context omitted.

> want some way to tell many of these companies "I am a responsible human being who respects social contracts" Cultural background + class would be the strongest indicator of this behavior. It describes the norms and expectations to which you are accustomed. Unfortunately it's illegal to discriminate based on most signifiers of this trait. The alternative to shared trust is costly and intrusive enforcement mechanisms…

How about just asking "Have you ever returned any item to a store for any reason except that it is faulty?" If they say no, and you don't find their name on a few big stores lists of frequent item-returners, then you trust them. Everyone else, you consider shady and don't offer good deals to. Remember lying to gain a benefit is wire fraud - so anyone who falsely answers this question has committed a crime - and a sto…

> and a store is totally allowed to treat a customer they suspect has a committed a crime differently.

That's not true either. There are vastly different standards of enforcement.

This issue is a lot bigger than returning items at the store. Every social system we have was built with assumptions about how people would behave. For example: the Seniors who are easily scammable are those who grew up around people who didn't scam each other.

Re: To save money on insurance, drivers agree to intrusive monitoring technology

#326

Post by pookha »

KennyBlanken wrote: post #92
parl_match wrote: post #17

Earlier quoted context omitted.

> Utah views EV drivers as tax evaders because they don't buy gas That's because they kind of are. Road taxes are often use-based, where gasoline is the way they extract "use" taxes. EVs also wear roads more than gas cars do, on average, because of their higher weight. And it's not linear wear per pound, either. This is going to require a significant shift about how states and cities think about their road maintenanc…

> Road taxes are often use-based, where gasoline is the way they extract "use" taxes. 26% of road funds come from gas taxes; 11 percent from tolls, another 25% from the federal government: https://www.urban.org/policy-centers/cross-center-initiative... Now, about those "paying their fair share of 25% of the cost of the roads" gas taxes: In Utah, the gas tax was $0.245 in 1997. Today it's $0.34, when adjusting for inf…

California has the nations highest gas taxes yet worst roads...

https://www.kiplinger.com/taxes/state-tax/603259/states-with...

https://ktla.com/news/california/these-states-have-the-rough...

Re: To save money on insurance, drivers agree to intrusive monitoring technology

#327

Post by Red_Leaves_Flyy »

throwaway2056 wrote: post #298
Red_Leaves_Flyy wrote: post #288

Earlier quoted context omitted.

That’s a disingenuous hot take. There’s a lot of discussion to be had about balancing Justice and societal/personal costs but you’ve gone and skipped past all of that.

I definitely listened in a legal podcast that somehow juries award lower sentences to road accident deaths as compared to others. Seems strange.

And you’re using a throw away to make unsubstantiated claims without reference. You’ve given no reasons to take your comments as made in good faith.

Re: To save money on insurance, drivers agree to intrusive monitoring technology

#328

Post by bparsons »

Car drivers are used to constantly breaking the law, endangering pedestrians and other road users and seeing zero consequences. Even in cases of hit and run homicides, the driver rarely faces jail time. https://abcnews.go.com/US/hit-run-drivers-kill-people-jail-t...

Technology could play a big role in ensuring people actually follow the rules and are held accountable for criminal negligence causing injury or death.

Re: To save money on insurance, drivers agree to intrusive monitoring technology

#329

Post by mrguyorama »

Etrnl_President wrote: post #123
parl_match wrote: post #53

Earlier quoted context omitted.

They do, but it's priced in. Many states have weigh stations as part of enforcing the existing taxation through diesel and licensing.

They also have to go through 3x the registration effort, and do it in every state they drive in.

No, they all just get registered in Maine which supposedly has pretty lax rules on Semis
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