The sobriety check requirement for cars is so optimistic:
“Once data prove the tech cuts drunk-driving crashes, insurers may trim rates.”
Why would any insurance company want to cut into their profits by reducing rates?
“Once data prove the tech cuts drunk-driving crashes, insurers may trim rates.”
Why would any insurance company want to cut into their profits by reducing rates?
Undercutting the competition pays off when they're much smaller and you can eliminate them that way and subsequently raise prices.
If you've ever shopped for car insurance, it should be pretty clear that there isn't a cartel holding prices high. Prices differ substantially across insurers, and are influenced by many other factors as well. Premiums are much lower if you have a clean driving record and no claims, or if you drive a car that's cheaper to repair, or less likely to cause injury, or you're of an age/gender with less propensity to crash, or live in an area with less automobile-related crime. Why would they give you lower rates for these things when they could just keep the premiums high and collect more profits?