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      01-16-2020, 02:28 PM   #13
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Drives: 19' M240 M Performance
Join Date: Mar 2019
Location: PA

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Quote:
Originally Posted by MPBK View Post
From the insurance companie's pov, offering you any particular rate (I tend to ignore what they call "discount"; the only thing that matters to me is the bottom line - final cost) is like buying a stock based on past performance. It's not difficult to understand that everybody wants indicators of future performance.

Saying I don't partake of this non-sense is a simplistic position, to say the least. As you can imagine, if they are giving "discounts" to those who participate, that lost money has to come from somewhere else. They simply increase the base rate to everybody. In other words, we will eventually be forced to participate, or we will be subsidizing those who do.

Anyone here who have been participating in this? Did you get a significant "discount" at renewal, which made it worth your while?
You're right, and when I was young and had no history they charged me out the a$$ to be able to drive because kids "crash cars" and you have no history. Monitoring your driving habits still only takes into account past driving history. Monitoring your driving is only another way to over charge you for no reason.
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