The auto insurance industry is strange. While past driving history plays a small role in deciding a driver's premium, insurance company research on prior claims determines a driver's likelihood of getting into an accident. That's why it's more expensive for young males to insure their vehicles than young females, and why married couples typically enjoy a discount on their coverage compared to their single friends. But what happens when a drastic life change moves an individual out of one risk pool and into another?
The Consumerirst reports that for one young widower, losing his wife to cancer also meant a 10 percent increase in his premiums. The individual called his insurance company to remove his spouse from his policy, expecting the decrease in the number of household drivers to translate into a lower bill. The insurance representative expressed sympathy for his loss, but explained that since he's now single, he's lumped into the same risk pool as unattached drivers.
The Consumerirst reports that for one young widower, losing his wife to cancer also meant a 10 percent increase in his premiums. The individual called his insurance company to remove his spouse from his policy, expecting the decrease in the number of household drivers to translate into a lower bill. The insurance representative expressed sympathy for his loss, but explained that since he's now single, he's lumped into the same risk pool as unattached drivers.
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