Quote:
Originally Posted by PolarBear
Actually Insurance prices have been going down and I doubt HIGHLY that is has ANYTHING to do with seatbelt laws.
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Call me what you will (and I know you feel free about that already Scott  ) but I only wear my seatbelt because I dont want points and tickets. .... |
If payout costs are reduced then rates can go down. It's more complicated than that, but that is it in a nutshell. I mean we can get into loss triangles, actuarial studies, ROI projections, and so forth. Similar to a company giving you a discount on comp for keeping it in a garage – garaging reduces potential comp losses, less chance of loss less premium intake is required. I’m not saying much or it is the best way to reduce, but every little bit helps. And smoking is on the way out too - and many HC insurance companies are already charging smokers more $$ than non-smokers. There just is no way to efficiently do that with cars.
And you need to wear a belt. Those 25 mph crashes seem to be caused by the nut behind the wheel.
All I know is based on the multiple ‘I only wear it so I don’t get hassled/ticketed’ replies, if the intent of the law is to increase belt usage, mission accomplished.