[lotsofpulp]

Insurance makes sense for random events, especially not under the insured’s control. Ignoring healthcare, since it’s not even an insurancable risk, people who drive safely are subsidizing people who drive in more risky ways, but only because in the past, the technology wasn’t there (or cheap enough) to provide all of the data to accurately price them. Now that it is possible, I don’t see why people who take more risks on the road should be subsidized by those who don’t.

[lightswitch05]

My comment is on the loss of privacy. I am not an aggressive driver and I suspect that I might get a discount if I joined one of these programs, but I value my privacy too much for that. I do not want my every move monitored by my insurance. OnStar would even have the ability to report GPS location. How much longer then until the locations you visit are also factored in- or perhaps that info is used to ‘enrich’ other insurance types. What if your car insurance shared with your health insurance that you visit fast food restaurants twice a week? That’s hypothetical right now, but my point is that the data is so valuable that companies will become more and more invasive to get it- especially insurance. At some point these optional privacy violating practices will become required unless we have legislation protecting us.