Posted On: April 23, 2007, 2:23 pm CDT

Posted By: Larry Lubell

I just recieved an email notification that REMONA HOLLOWAY had commented on the difficult time she was having with the insurance company.I am sorry to hear that, and I hope she is able to get her car fixed quickly.

I cant help but notice that I have not heard of any other car companies joining V.W. in this folly, and I still say my original comment:
"As an owner of an insurance agency that sells auto insurance, I would be terrified save for the realization that this gimmick will fail."
Seems to be holding true.
This was a bad idea on many different grounds, but the biggest problem was that it removed risk factor from the rating process. This concept gives the largest rebate to the youngest or highest risk drivers, therefore it will attract the worst risks driving up the cost of the car.

It also put young people into cars that they might not be able to afford when they had to pay for their own insurance.