Of course it is based on marketing. With the industry being in a soft market, companies are going to look for all kinds of ways to offer discounts to retain and bring in new business. All upcoming discounts are going to be market driven rather than actuarialy proven.
And once those companies write their policies they marketed, and the market hardens, those discounts will misteriously go bye bye. Thus, as us marketing degree holders call it, a long term bait and switch occurred.
Yeah Mark, that\’s what I figured. If anything, hybrids should be more expensive to insure. Are they repairable? Or do most of them go to the junkyard after they\’ve had slightly more than superficial damage?
Of course it is based on marketing. With the industry being in a soft market, companies are going to look for all kinds of ways to offer discounts to retain and bring in new business. All upcoming discounts are going to be market driven rather than actuarialy proven.
And once those companies write their policies they marketed, and the market hardens, those discounts will misteriously go bye bye. Thus, as us marketing degree holders call it, a long term bait and switch occurred.
This can\’t be based in actuarial statistics… More like… Marketing.
Yeah Mark, that\’s what I figured. If anything, hybrids should be more expensive to insure. Are they repairable? Or do most of them go to the junkyard after they\’ve had slightly more than superficial damage?