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Often, California has been in the lead when it comes to legislating for fairness. When a service industry is acting in an arbitrary way and damaging the interests of consumers, you can usually rely on Sacramento to do something about it. So, for example, the Insurance Commissioner instructed auto insurance companies not to rely on ZIP codes when writing policies. The real basis on which to assess risk should always be the individual driver. It’s fair to look at the person’s experience, driving record, how far he or she drives every year, etc. That way you reward the good drivers with...
It’s one of those sad facts of life that ageing is inevitable. Being philosophical about it - it’s going to happen so you might as well celebrate it. The question is how society should celebrate ageing. People who rely on driving to get them around while working, continue to need their vehicles when they retire. Let’s face it. In most US towns and cities, few people walk. Everyone drives. Fifty years ago, not many seniors drove around because life expectancy was a lot lower than it is today. Now more people own cars and, with more leisure time and better health, go out and about...
Life is never fair. Just when you think you have hit rock bottom and things cannot get any worse, they get worse. You would have thought that a recession would mean premium rates would stay the same. In your dreams, you might have hoped for the rates to fall. After all, there’s massive unemployment - it’s the worst level of unemployment for more than sixty years. With household incomes falling and no job security, this is not the time to find premium rates increasing. Yet when those premium notices drop into your mail boxes, the evidence is there. And it’s not just you. Premiums...
We all know that there’s a war between sexes on who are better drivers, men or women? And as men are claiming to be far better at the wheel the statistics are actually on the opposite side. The National Highway Traffic Safety Administration’s Report dated 2004 notes men being involved in 27,000 more fatal accidents, 432,000 more injury accidents and 1,369,000 more incidents with damaged property, resulting in total 1,828,000 more insurance claims filed by men in 2004 only. And since then the trend hasn’t changed. And it’s hard to tell that the most risky drivers - men younger...
One of the tried-and-tested ways of catching your attention is to announce that something is “cheap”. The trouble with this word is that it changes its meaning. Our experience tells us you get what you pay for. So, if you only pay a low price that usually means you get low quality. Although luck may be on your side and you find an inexpensive bargain, more often than not the result is bad value for money. Borrowing an example from across the pond, there once was an entrepreneur called Gerald Ratner who sold cheap jewelry. In 1991, he made a speech in which he spoke the literal truth,...
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