Comments on: Progressive to Offer “Pay As You Drive” Insurance http://la.streetsblog.org/2008/04/21/progressive-to-offer-pay-as-you-drive-insurance/ Covering Los Angeles's livable streets movement Tue, 07 Feb 2012 14:06:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Cheap Driver http://la.streetsblog.org/2008/04/21/progressive-to-offer-pay-as-you-drive-insurance/comment-page-1/#comment-735 Cheap Driver Thu, 24 Apr 2008 07:40:15 +0000 http://la.streetsblog.org/2008/04/21/progressive-to-offer-pay-as-you-drive-insurance/#comment-735 As much as I like applying technology for efficiency, I highly doubt that this technique would result in lower rates, for anyone. Instead, it would just enable insurance companies to charge us "technology fees", and give the MBAs plenty of data to manipulate in the company's favor. Your insurance bill would look more like your power or phone bill, with a large "base" charge, and a half-dozen computed variable charges. There would be plenty of surcharges for converting to the new scheme, and plenty of opportunity for the state to take a bigger piece. As much as I like applying technology for efficiency, I highly doubt that this technique would result in lower rates, for anyone.

Instead, it would just enable insurance companies to charge us “technology fees”, and give the MBAs plenty of data to manipulate in the company’s favor.

Your insurance bill would look more like your power or phone bill, with a large “base” charge, and a half-dozen computed variable charges. There would be plenty of surcharges for converting to the new scheme, and plenty of opportunity for the state to take a bigger piece.

]]> By: Zane Selvans http://la.streetsblog.org/2008/04/21/progressive-to-offer-pay-as-you-drive-insurance/comment-page-1/#comment-716 Zane Selvans Mon, 21 Apr 2008 20:33:15 +0000 http://la.streetsblog.org/2008/04/21/progressive-to-offer-pay-as-you-drive-insurance/#comment-716 Sweet! Now, how do I hack this thing into a rental car, since I don't own a car at all. Sweet! Now, how do I hack this thing into a rental car, since I don’t own a car at all.

]]> By: Radical Transportation Engineer http://la.streetsblog.org/2008/04/21/progressive-to-offer-pay-as-you-drive-insurance/comment-page-1/#comment-715 Radical Transportation Engineer Mon, 21 Apr 2008 18:48:42 +0000 http://la.streetsblog.org/2008/04/21/progressive-to-offer-pay-as-you-drive-insurance/#comment-715 Sounds useful and Big Brother-ish simultaneously. Not sure how I feel about it. What states will it be available in? Sounds useful and Big Brother-ish simultaneously. Not sure how I feel about it. What states will it be available in?

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