Some states prohibit insurance companies from using car owners' home addresses to set auto insurance rates. Why

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Some states prohibit insurance companies from using car owners' home addresses to set auto insurance rates. Why do insurance companies use home addresses? What are the efficiency and equity implications of forbidding such practices?

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Microeconomics Theory and Applications with Calculus

ISBN: 978-0133019933

3rd edition

Authors: Jeffrey M. Perloff

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Question Posted: Sep 21, 2024 05:17 AM

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Some states prohibit insurance companies from using car owners' home addresses to set auto insurance rates. Why do insurance companies use home addresses? What are the efficiency and equity...
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Some states prohibit insurance companies from using car owners' home addresses to set auto insurance rates. Why

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Insurance companies use home addresses toincrease their ability to predict losses ...View the full answer

Microeconomics Theory and Applications with Calculus

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