It's not illegal to be a male, and my insurance premium still raises because of it.
It's the job of the insurance company to accurately assess risk and charge me that plus their margin. If the companies can more accurately assess risk, than that makes insurance a less volatile and therefore cheaper market.
Insurance companies don't have access to the actual root causes of accidents. They have no measure of my driving skill or risk tolerance or attention span. They just estimate based on some really primitive data they have about me. What's the harm in including more data?
It's the job of the insurance company to accurately assess risk and charge me that plus their margin. If the companies can more accurately assess risk, than that makes insurance a less volatile and therefore cheaper market.
Insurance companies don't have access to the actual root causes of accidents. They have no measure of my driving skill or risk tolerance or attention span. They just estimate based on some really primitive data they have about me. What's the harm in including more data?