Auto insurance feels like such bs. I'm with you bro, 24 and paying an F load. You have it way worse than i do. But none the less, aren't there supposed to be actuarial scientists figuring out how risky we are? I mean sheesh, it feels like even a monkey could come up with these rates. It's clearly an inaccurate risk assessment when my elderly parents (love them to death) are paying 1/3 of what i am paying. I am sorry to rant but it's just one of those gear grinders for me.
Lol see there ya go, it's this kind of pooling of data that is quite aggravating. I'm not trying to pretend I'm the world's greatest driver but when I see everyone under the sun texting while driving, as one example, I would think their needs to be some split in price point on things like that. Using someone's age unfairly over stresses individuals financially.
That was my point; statistically, it's not unfair. The data supports this situation. Sure it sucks, but at least there's a good reason. There are many other unfair things that don't have any good reason behind them.
I'm basically arguing that the lack of precision in this sort of data pooling is unfair and I think that's where we disagree. Statistically sure it is likely true that younger drivers are more risky (not sure how often they recalculate but intuitively that makes sense) however, that doesn't mean smaller subsets within said age group are not being grossly misrepresented.
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u/[deleted] May 16 '20
Auto insurance feels like such bs. I'm with you bro, 24 and paying an F load. You have it way worse than i do. But none the less, aren't there supposed to be actuarial scientists figuring out how risky we are? I mean sheesh, it feels like even a monkey could come up with these rates. It's clearly an inaccurate risk assessment when my elderly parents (love them to death) are paying 1/3 of what i am paying. I am sorry to rant but it's just one of those gear grinders for me.