New York Times
CAR insurance rates have always been based on risk, and risk has usually been measured by the number of miles driven. So drivers often underreport the miles they travel to keep their rates low — at the expense of other drivers.
Casual reading for the intellectually curious.
Tuesday, December 28, 2010
More Consumers Are Letting Insurers Monitor Their Mileage
By ROY FURCHGOTT
CAR insurance rates have always been based on risk, and risk has usually been measured by the number of miles driven. So drivers often underreport the miles they travel to keep their rates low — at the expense of other drivers.
CAR insurance rates have always been based on risk, and risk has usually been measured by the number of miles driven. So drivers often underreport the miles they travel to keep their rates low — at the expense of other drivers.
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