tailieunhanh - Distance-Based Vehicle Insurance As A TDM Strategy

On the other hand, PHI does not play as significant a role as might be expected in some other countries without universal public coverage or where there are significant out-of-pocket payments. For example, while the Korean National Health Insurance system pays 44% of total health cost, a significant degree of out-of-pocket expenditure remains (41%). Limited development of a private health insurance market could be explained by the lack of a history of private and voluntary coverage in Korea, where individuals have historically financed health expenditures out of their pocket, dating back to the time prior to the establishment of public health cover. Other reasons could be. | EFFICIENCY EQUITY CLARITY Info@ 250-360-1560 Distance-Based Vehicle Insurance As A TDM Strategy 8 June 2011 By Todd Litman Victoria Transport Policy Institute Abstract Vehicle insurance is generally considered a fixed cost with respect to vehicle use. Motorists do not usually perceive insurance cost savings when they reduce mileage. Distance-based also called Pay-As-You-Drive and Per-Mile insurance pricing converts insurance to a variable cost so premiums are directly related to annual mileage. Distance-based pricing makes vehicle insurance more actuarially accurate premiums better reflect the claim costs of each vehicle and gives motorists a new opportunity to save money when they reduce their mileage. It can help achieve several public policy objectives including equity road safety consumer savings and choice congestion reduction facility cost savings energy savings and environmental protection. This paper compares several distance-based insurance pricing options and evaluates concerns and criticisms. The analysis indicates that distance-based pricing is technically and economically feasible and can provide significant benefits to motorists and society. What would be the consequences if gasoline were sold like vehicle insurance With gasoline sold by the car-year vehicle owners would make one annual advance payment which allows them to draw gasoline unrestricted at a company s fuel stations. Prices would be based on the average cost of supplying gasoline to similar motorists. Unmetered fuel would cause a spiral of increased fuel consumption mileage and overall vehicle costs including externalities such as accident risk congestion and pollution. Motorists who use less fuel than average would find this unfair and unaffordable and so would drop out of the system but those who use more fuel than average would defend it because they enjoy benefits. Such a system would be irrational. It is comparable to current insurance pricing. .

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