Thursday, February 08, 2007

Spicy insurance debate

Go to CJOB and click on audio vault to listen to a good discussion on public vs. private auto insurance. I think private wins.

I love how the government guy falls back to the trusty old chestnut: Private insurance is more expensive because they have to pay out dividends. Never heard that one before!

Go to February 8, at around 9:00 a.m.

7 comments:

percyq said...

Have you heard this one? Do private insurance companies give a big, fat discount on the vehicles farmers drive because of their status of farmers???

David MacLean said...

Probably. It's all about risk.

percyq said...

What has being a farmer got to do with risk, Einstein?

David MacLean said...

Rural people get in less accidents.

percyq said...

A lot of rural people are not farmers. A lot of farmers live in town. A lot of people driving the same vehicles down the same highways for the same purposes as farmers do not enjoy any discount. It's not about risk, it's about one's status as a farmer. So, do private insurance companies charge some customers more so that they can charge farm customers less?

David MacLean said...

Risk is based on where you live, what kind of work you do, etc. Saskatchewan's insurance rates are cheaper than other provinces because our cities are smaller and our population is more rural.

percyq said...

But why are rates for farmers lower than other residents? Risk has got nothing to do with it. The fact is no private company would give farmers preferential treatment based solely on their status as farmers.

CTF You Tube Channel

Canadian Taxpayers Federation's Fan Box