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Otherwise, they’ll charge a high premium to everybody and the healthy people will just drop out of the market. So they try and use that information to charge premiums to people that reflect their risk.
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Why take out insurance? Life is full of surprises. An unexpected event could jeopardize everything you’ve worked for—you might find yourself unable to meet your.
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That means that most new cars are executing tens of million of lines of software code, controlling everything from. which features a ”risk of severe injury” calculation based on information gathere.
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The harder part is making a little SUV/crossover thing a Volvo, and making Volvo a relevant brand to younger buyers driving the sale of such vehicles—buyers who will still be purchasing some sort of n.
Ontario has the highest auto insurance rates in Canada, It’s like charging more for house insurance in a high-risk. Welcome to The Globe and Mail’s comment.
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