Is it fair that two people with identical driving records pay different insurance?
Should men be discriminated against? (Car insurance)
How about blacks because BEING black is more likely though not necessarily going to have you live in a high crime neighborhood? (home owners insurance)
And here’s the most extreme I’ve seen to date:
http://www.insurance.za.org/first-for-women-insurance-quote.htm
It doesn’t matter whether I am get the big end or the little end of the stick, it doesn’t seem right to me. I can understand changing insurance rates on the basis of past driving record, but for probable future record?
(Yes, I know that homeowners insurance is on the home, not the individual)
(Yes, I know that per month, women statistically will claim less insurance payment then men)
I know WHY insurance companies do it.
I do not know why we LET them do it.
I know full well that on average women will file less dollar claims per unit time than men, but this country does not, in general, permit discrimination on the basis of stereotypes … no matter how valid those stereotypes may be.
Do we allow companies to discriminate between men and women when they hire based on whatever statistics the company management may have about who makes better employees (comes to work more often, etc)?
No … we make them operate on the basis of PERFORMANCE.
Why do we let insurance companies stereotype us. Doesn’t that encourage others to stereotype?
Again, I understand why insurance companies do it (they’re in business to make a profit). Never-the-less, why do we, as Americans, put up with it?
Author: Elana
Source: http://answers.yahoo.com/question/?qid=20070815120155AANM3kw