tag:blogger.com,1999:blog-7169279.post1396561119669214306..comments2023-11-24T03:20:02.361-07:00Comments on Tufte's Economics Classes Blog - A Living Textbook: Insurance to the Rescue… Probably NotDr. Tuftehttp://www.blogger.com/profile/17397586052171706438noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-7169279.post-16915425961535153902008-04-20T23:22:00.000-06:002008-04-20T23:22:00.000-06:00I actually get the low mileage discount from State...I actually get the low mileage discount from State Farm for both of our cars. The limit is around 7500 miles per year, and they do spot check my odometer every few years if I don't make a claim.<BR/><BR/>I have also heard from an independent agent that there are companies out there that will offer a bigger discount for even lower mileage thresholds. <BR/><BR/>I think the insurance companies are Dr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-37832754314802001522008-04-01T08:35:00.000-06:002008-04-01T08:35:00.000-06:00I actually worked at an insurance company doing qu...I actually worked at an insurance company doing quotes for Home and Auto Insurance. Part of the quote did require the driver to estimate how many miles he or she drove in a year. I'm not sure, though, that this had a big impact on the insurance premium. Obviously, the driving record had a more direct impact on the quote. I think that if it were true that more miles driven causes more Jordanhttps://www.blogger.com/profile/06334144632643811762noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-51805532584787709382008-03-31T20:49:00.000-06:002008-03-31T20:49:00.000-06:00I’m concerned that by limiting the ability for con...I’m concerned that by limiting the ability for consumers to travel -due to increased costs- will have other negative economic impacts. Less travel means less traffic in retail stores, consider tourism and business travel, and also the effect on prices of goods and services. The health of our economy seems so dependent on affordable transportation.<BR/><BR/>In response to Olivia’s comment, she Kerlin'shttps://www.blogger.com/profile/10219393481773414489noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-71869946161611557972008-03-31T20:04:00.000-06:002008-03-31T20:04:00.000-06:00I have heard of insurance companies in Europe that...I have heard of insurance companies in Europe that do offer discounts by checking the odometer in clients cars. It still seems like a hassle. I even read one example of man getting charged more for exceeding his miles limit.Lilyhttps://www.blogger.com/profile/14558775041129239930noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-2922239649672527492008-03-31T19:06:00.000-06:002008-03-31T19:06:00.000-06:00Arguing that fewer miles equal fewer accidents may...Arguing that fewer miles equal fewer accidents may have some sort of face value, but I believe that it may not be true. The insurance industry has large financial resources and powerful incentives to mitigate risk, which forces insurance companies do their homework. My guess is that after controlling for other factors, total miles driven are actually insignificant. Also, Lily’s post makes some Oliviahttps://www.blogger.com/profile/05629674883806515987noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-18120525815006055742008-03-31T15:24:00.000-06:002008-03-31T15:24:00.000-06:00It seems like the amount of time and effort to tra...It seems like the amount of time and effort to track the miles you've gone per year/quarter/month whatever the insurance company decides would have a negative impact on the insurance company. Yes there may be some excellent benefits from driving less like pollution, traffic congestion, dependence on oil, etc, but how do those benefits make the company money? Is the extra expense to monitor Johnhttps://www.blogger.com/profile/05701760361450036463noreply@blogger.com