Quote:
Originally Posted by DoubleF
Why wouldn't it? There's a reason why you can request a discount for winter tires and if you agreed to do that 1 year monitoring thing.
I don't like the idea of mandatory re-testing, but getting discounts for a combination of being claims free AND calculation based on the last time you passed insurance approved driver skill training, performance improvement etc. would make a ton of sense to me.
|
The insurance company can lower your rate because your risk is lower which allows them to offer you a better rate than a competitor who doesn’t have that data.
But if there was a mandate that everyone have winter tires insurance companies would reduce rates in general to reflect the risk reduction which doesn’t increase their profits as insurance is actuarial risk * mark up.
I’m not saying it wouldn’t reduce premiums, I’m saying insurance companies wouldn’t pay for it because they don’t benefit from safer drivers on a long term basis.