It used to be that you'd get a high insurance fee only if you cause incidents or damage.
But now not, you get to pay more if the Algo thinks that you drive shit.
Minority report is one step closer.
There are factors such as driver experience, age and precious track record (good/bad driver based on accidents) but never based on driving style.
Age is based on aggregated data which says that people with less experience are more likely to cause accident.
We can argue the whole day, but this is not a tailored fee as is not build based on my personal behavior.
Same reason that you can't drive a car when you are 5 years old or you can't drink before 18 (or 21).
You can argue all day, but it doesn't change the fact your main argument was you would no longer be charged based on facts but assumptions. The current method is largely based on assumption. Using actual data on your driving is not an assumption.
It may not have been your intention but that is how you wrote it. Two statements about no longer being charged based on facts, but on assumptions. One comment linking using your actual driving data as "assumption".
> There are factors such as driver experience, age
So making assumptions based on "driver experience" and age is not making assumptions?
As a safe driver, I welcome these types of discounts based on good driving habits. If you do something associated with risk, like a sudden stop, then you should change your behavior.
Because of this, these systems typically are used exclusively to offer discounts against the baseline insurance premium and they can only lower the premium relative to the assumed default risk. It's all carrot, no stick.
https://www.nationwide.com/personal/insurance/auto/discounts... "Can SmartRide increase my premium? No. This is a discount program."
https://www.usaa.com/insurance/safedriving "Will my driving information impact my insurance rates? No. We will only use your driving information to calculate your discount."
Insurance companies are willing to offer these steep -- 40% -- discounts because bad driving is so extremely expensive and damaging. The added signal of driver behavior patterns can allow the insurance company to lower their rates by almost half. Almost half!
As an aside, these are the types of insurance premium reductions we should expect, or better, when self driving cars first become a reality.
Who does tell you that I drive dangerously in the road?
Maybe I bring my car in a circuit every now and then to have fun.
There will be a day when this would not be optional anymore
There are overall considerations (eg. Age of the driver, cat accident history etc) but was never about how I drive my car.
You said "It used to be that you'd get a high insurance fee only if you cause incidents or damage".
I'm saying that no, Insurance cost has always been based on factors other than just accident history. And you seem to be agreeing with me.
Driving style was never (at least from where I'm from) a factor that determines the fees of the insurance
EDIT: Main thing that irks me about this is the invasion of privacy. Less data = good in my book and this is the complete opposite so I'd probably pay a premium not to use that.
So if there are lets say, 90% good driver and 10% of bad drivers, if you are happy to pay less (and you belong to the 90%) then you'd have a 10% people that either pay a lot for their insurance or don't pay it at all because it become too expensive.
So lets say out of the 10% drivers that have a bad behavior, 50% of them (thus 5% or the total) go out without insurance.
Now, it you are, for some reason, unlucky enough to meet one of the 5% without insurance and, unfortunately, you are on a car accident with one of them and that person run away without giving you a chance to ask for damage and, even if you can, he has nothing to repay off this damage, would you be happy?
Is hard to enforce the law to 100% of the population.
From where I'm from, the number of people driving without insurance has increased for various factors in the last few years. From a 0.x to a 1.x %
A) Insurance shouldn't know how often you hard-brake or tailgate (aka privacy)
B) Insurance shouldn't use the above data to "assume" how safe of a driver you are