Quote:
Originally Posted by The359
Why would mandatory tracking lead to higher rates? If the companies wanted to raise the rates, they could do so right now. If everyone has the tracking technology, why would the competition change the rates? No one has a monopoly on the car insurance business so any company that raised rates is going to suffer while the others prey on the move.
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When the cell phone companies transitioned from a fairly flat rate for everybody, i.e. not really tracking usage (driving behavior), to a pricing model based on usage (driving behavior) what happened to most everyone's cell phone bill ?
It used to be that you could fly under the radar and get good rates based on years of no accidents...
Now someone with that same no accident record will have tracking data that shows they like to occasionally rev their 86 and occasionally take corners quickly...so...
