What a difference a zip code makes

[Fake Boris]

Originally posted by KrazyHorse
I thought actuaries were supposed to know what they were doing.

First off, how come I'm paying through the nose with a spotless driving record, a ****ty old car (which is only driven ~5000 miles a year in my care) and the legal minimum of coverage?

Secondly, why does a difference of 1 mile in where I park my ****ing car drop my rate by 50%?

Thirdly, why does one insurance company cost so much less than another for the exact same circumstances (not to mention the fact that I've now been with Geico for a year without making a claim).

Someone in my family who works in the industry told me that insurance companies aren't interested in the business of young males anyway, so they charge insanely high prices.

[KrazyHorse]

I'm 25. Not that young any more.

[KrazyHorse]

Originally posted by Kuciwalker
HE physics isn't largely theoretical?

Uh...

a) About 80-20 in terms of percentages (experimental to theoretical professors/researchers)

b) What's your point?

[Kuciwalker]

40 orders of magnitude is a lot more than any actuary has ever been off by, I'd bet

[KrazyHorse]

Isn't that what I said?

[Urban Ranger]

Originally posted by KrazyHorse
I thought actuaries were supposed to know what they were doing.

They do - and that's making money.

[Zkribbler]

Originally posted by KrazyHorse
I'm 25. Not that young any more.

I have underwear that's older than you!!

[KrazyHorse]

[Kuciwalker]

Originally posted by KrazyHorse
Isn't that what I said?

... and therefore, my point would be correct.

[KrazyHorse]

Originally posted by Kuciwalker


I'd be willing to bet actuarial science is a lot more dependable than some of your theoretical physics.

Emphasis added.

[Kuciwalker]

I didn't mean the theoretical physics you do; I was referring to theoretical physics, in general, as your 'side'.

But whatever.

[KrazyHorse]

.

[Kuciwalker]

[KrazyHorse]

[Sikander]

Originally posted by Dissident
I hate insurance companies they discriminate based on income, age, gender. horrible. If they could, they'd charge black people more insurance. That's the only one they can't discriminate against.

What do you think the zip code variance is really for?