NYT Article on Car Companies Collusion with Insurers on Driver Behavior

[w124fanMI]

Likely behind a paywall to those who don’t subscribe to the NYT or have hit their monthly limit of free articles. An excerpt from the sub-headline:

Automakers Are Sharing Consumers’ Driving Behavior With Insurance Companies​

LexisNexis, which generates consumer risk profiles for the insurers, knew about every trip G.M. drivers had taken in their cars, including when they sped, braked too hard or accelerated rapidly.​

https://www.nytimes.com/2024/03/11/technology/carmakers-driver-tracking-insurance.html

Paywall bypass link: https://archive.ph/G1JaX

Another reason to enjoy our analog rides and be more skeptical of new technologies.

 

[szvook]

This is why I only work from home and my Insurance rates have dropped since I do not commute daily.

 

[doolar]

That’s crazy, not surprising, but crazy. I hated when the obligatory SOS eCall system became mandatory for all new cars sold in the EU. I don’t trust the car companies with my data at all. You don’t have to be paranoid to be followed.

 

[emerydc8]

All the more reason to keep our analog cars. I’m curious if Lexis-Nexis is also using cellphone data to get roughly the same information.

 

[Trae]

https://twitter.com/x/status/1768288984424394800

 

[Alphasud40]

I for one am extremely frustrated my insurance rates have doubled in the past 2 years. I’m sure some of the increase is due to spying on our driving habits but I don’t feel as if I need to be penalized for the increased costs if I have no tickets or accidents that were caused by me. I had a conversation with my insurance agency yesterday. What I find insulting is I’m being charged more for my 300CE over the SL500 with the same coverage. Furthermore if I had an accident in the 300CE they would total it and give me a complimentary check for $1500 when the car is worth at least 8K. I will probably insure that one as a classic for a stated value policy. Damn greedy bastards if you ask me!

 

[gsxr]

@Alphasud40 - who is your insurance company? When was the last time you shopped around to compare premiums? (Note that you still need to stick with a reputable company - some bargain companies may be useless if you ever need to file a claim and extract money out of them.)

If you have a newer car to claim as your daily driver, you can insure your limited-use vehicles through Hagerty as agreed value for what is typically a far more reasonable rate. Hagerty usually wants at least one car not more than 10-12 years old on your "normal" policy though.

 

[Alphasud40]

I have State Farm insurance. Last renewal I shopped them with other companies same coverage. It wasn’t enough to justify the switch. I have 3 cars insured with Hagerty now and the 300CE was going to be the daily driver split with the SL500. I have a Ford F350 that I only drive as needed. Living in North Idaho insurance used to be cheap.

 

[gsxr]

I have State Farm insurance. Last renewal I shopped them with other companies same coverage. It wasn’t enough to justify the switch. I have 3 cars insured with Hagerty now and the 300CE was going to be the daily driver split with the SL500. I have a Ford F350 that I only drive as needed. Living in North Idaho insurance used to be cheap.

Southern Idaho used to have reasonable rates too... not any more though. Read my long-winded post here about my insurance journey over the past decade.