People named Mohammed apparently pay more for car insurance

balky12

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Highly doubt the name has any influence on the quote. Interestingly the sun says in 'Leicester'.

Change of postcode throughout the city/ town can change premium by a drastic amount. Crime hot spots and all that.
 

elmarko

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If two quotes are different with all details (except the name being entered, location etc) then legally I'd expect this to be on very shaky grounds.

Name is a proxy for race & using statistical models based on certain characteristics is likely to bring down hefty fines. I work in this field & we can't use age, name or race for any modelling in which different fees/treatment may be involved.
 

B@Th*nG

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elmarko said:
If two quotes are different with all details (except the name being entered, location etc) then legally I'd expect this to be on very shaky grounds.

Name is a proxy for race & using statistical models based on certain characteristics is likely to bring down hefty fines. I work in this field & we can't use age, name or race for any modelling in which different fees/treatment may be involved.
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err.. location is a perfectly acceptable thing to increase or decrease a quote on. If you live in a high car crime area it has greater chance of being stolen, hence a higher quote.

NVP said:
Haha the accusations that most Asians are bad drivers is ridiculous! We've been taxiing you to the airport or back home from clubs since the 80's without complaint so I think that brush shouldn't be so broad.

Wait a minute... I've had two people go in to the back of me in the last couple of months, first was a cabbie named mohamed and the second was some fella named abdul ...

I retract my statement.



(Seriously though, yous be racialists)
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welcome to OcUK.

B@
 

Tunney

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elmarko said:
If two quotes are different with all details (except the name being entered, location etc) then legally I'd expect this to be on very shaky grounds.
Click to expand...

This is what I assume The Sun did - they got two quotes where the only difference was the name of the driver.

However, the insurances companies mentioned in the piece are saying that they don’t use the driver’s name when pricing a quote.

So someone isn’t telling the truth.
 

cheesyboy

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Dear [cheesyboy],
sp.gif


You may have seen a story in the news which claims we use customers' names to price our insurance based on race. This is 100% not the case and we do not, and have never, used this information to provide a price to our customers. I'm sorry if this story has caused you any concerns.

To offer our prices we use a complex rating structure and rate on many different variables and data sources. The journalists have misunderstood our pricing structure and the insurance quotes in the story are not like for like.

This email is to offer you an explanation of the press story and to offer my apologies for any concern caused. There is no need for you to take any action.
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From Admiral/Elephant
 

Dis86

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Tunney said:
This is what I assume The Sun did - they got two quotes where the only difference was the name of the driver.

However, the insurances companies mentioned in the piece are saying that they don’t use the driver’s name when pricing a quote.

So someone isn’t telling the truth.
Click to expand...

Or it could just be journalists trying to be too clever for their own Good?
 

B@Th*nG

B@Th*nG

B@Th*nG

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Tunney said:
This is what I assume The Sun did - they got two quotes where the only difference was the name of the driver.

However, the insurances companies mentioned in the piece are saying that they don’t use the driver’s name when pricing a quote.

So someone isn’t telling the truth.
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Yeah, The Sun. Like it does every single day..

B@
 

Avenged7Fold

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To be honest, i trust insurance companies to want to make as much money possible by competently assessing statistical data.

I also trust the sun to misinterpret and over-dramatize data.
 

Avenged7Fold

Avenged7Fold

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MooMoo444 said:
John Smith must have high premiums, given so many about, there must be loads of claims under John Smith too
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It wouldnt work that way, it would be proportional to the the number of John Smiths.

If there was 10 times John Smiths in the World as Mohammeds but find there is only twice the number of claims, a john smith has 1/5 the chance of claiming and therefore is much more likely to be a profitable person to sell insurance to. They then adjust their price to entice John Smiths to sign with them and likely add a bit extra because people would still pay it and they would pocket the extra to cover riskier customers where they couldnt raise price to match the risk as much.
 

Dis86

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elmarko said:
If two quotes are different with all details (except the name being entered, location etc) then legally I'd expect this to be on very shaky grounds.

Name is a proxy for race & using statistical models based on certain characteristics is likely to bring down hefty fines. I work in this field & we can't use age, name or race for any modelling in which different fees/treatment may be involved.
Click to expand...

So...why do different age groups get charged more for car insurance compared to others if you can't use age?
 
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