Measuring per mile risk for pay-as-you-drive automobile insurance

Transportation Research Record

Volumn 2297, Issue , 2012, Pages 97-103

  Ferreira, Joseph ^a   Minikel, Eric ^b  

^a MASSACHUSETTS INSTITUTE OF TECHNOLOGY   (United States)

^b IBI Group   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

ACCIDENTS; AUTOMOBILES; DIGITAL STORAGE; GAS EMISSIONS; GREENHOUSE GASES;

ACCIDENT COSTS; AUTOMOBILE INSURANCE; CONSUMER RESPONSE; EXPLANATORY POWER; GASOLINE PRICES; INSURANCE POLICIES; INSURANCE RISK; LINEAR MODELING; MASSACHUSETTS; POISSON MODEL;

INSURANCE;

EID: 85019524885     PISSN: 03611981     EISSN: 21694052     Source Type: Journal    
DOI: 10.3141/2297-12     Document Type: Article

References (15)

1. Vickrey, W. Auto Accidents, Tort Law, Externalities and Insurance: An Economist’s Critique. Law and Contemporary Problems, Vol. 33, No. 3, 1968, pp. 464–487.
2. Edlin, A. S. Per-mile Premiums for Auto Insurance. In Economics for an Imperfect World: Essays in Honor of Joseph E. Stiglitz (R. Arnott, B. Greenwald, R. Kanbur, and B. Nalebuff, eds.), MIT Press, Cambridge, Mass., 2003, pp. 53–82.
3. Bordoff, J. E., and P. J. Noel. Pay-As-You-Drive Auto Insurance: A Simple Way to Reduce Driving-Related Harms and Increase Equity. Brookings Institution, Washington, D.C., 2008. http://www.brookings.edu/~/media/Files/rc/papers/2008/07_payd_bordoffnoel/07_payd_ bordoffnoel.ashx.
4. Parry, I. W. H. Is Pay-As-You-Drive Insurance a Better Way to Reduce Gasoline Than Gasoline Taxes? American Economic Review, Vol. 95, No. 2, 2005, pp. 288–293.
5. Greenberg, A. Costs and Benefits of Varying Per-Mile Insurance Premiums Based on Measured Risks Specific to Each Mile Driven. Presented at 88th Annual Meeting of the Transportation Research Board, Washington, D.C., 2009.
6. Litman, T. Transportation Elasticities: How Prices and Other Factors Affect Travel Behavior. Victoria Transport Policy Institute, Victoria, British Columbia, Canada, 2010. http://www.vtpi.org/elasticities.pdf.
7. Guensler, R., A. Amekudzi, J. Williams, S. Mergelsberg, and J. Ogle. Current State Regulatory Support for Pay-as-You-Drive Automobile Insurance Options. Journal of Insurance Regulation, Vol. 21, No. 3, 2002.
8. Ferreira, J., and E. Minikel. Pay-As-You-Drive Auto Insurance in Massachusetts: A Risk Assessment and Report on Consumer, Industry and Environmental Benefits. Conservation Law Foundation, Boston, Mass., 2010. http://www.clf.org/wp-content/uploads/2010/12/CLF-PAYD-Study_November-2010.pdf.
9. Dahl, C., and T. Sterner. Analyzing Gasoline Demand Elasticities: A Survey. Energy Economics, Vol. 13, No. 3, 1991, pp. 203–210.
10. Gallini, N. T. Demand for Gasoline in Canada. Canadian Journal of Economics, Vol. 16, No. 2, 1983, pp. 299–324.
11. Goldberg, P. The Effects of the Corporate Average Fuel Efficiency Standards in the U.S. Journal of Industrial Economics, Vol. 46, No. 1, 1998, pp. 1–33.
12. Goodwin, P. B. A Review of New Demand Elasticities with Special Reference to Short and Long Run Effects of Price Changes. Journal of Transport Economics and Policy, Vol. 26, No. 2, 1992, pp. 155–169.
13. Johansson, O., and L. Schipper. Measuring the Long-Run Fuel Demand of Cars: Separate Estimations of Vehicle Stock, Mean Fuel Intensity and Mean Annual Driving Distance. Journal of Transport Economics and Policy, Vol. 31, No. 3, 1997, pp. 277–292.
14. Parry, I. W. H., and K. A. Small. Does Britain or the United States Have the Right Gasoline Tax? American Economic Review, Vol. 95, No. 4, 2005, pp. 1276–1289.
15. Small, K. A., and K. Van Dender. Fuel Efficiency and Motor Vehicle Travel: The Declining Rebound Effect. Energy Journal, Vol. 28, No. 1, 2007, pp. 25–51.