NoFault

Product DescriptionNo-fault auto insurance opponents frequently argue that no-fault may ultimately lead to higher auto insurance costs by reducing drivers’ incentives to drive carefully and thereby increasing the accident rate. The intuition behind this criticism of no-fault is simple: No-fault auto insurance lowers the cost of driving negligently by limiting first-party liability for the injuries [...]

Continue Reading The Effect of No-Fault Automobile Insurance on Driver Behavior and Automobile Accidents in the United States 2001

Tags: 2001, Accidents, Automobile, Behavior, Driver, effect, Insurance, NoFault, States, United

Product DescriptionIn recent years, choice no-fault has emerged as a popular but controversial proposal for addressing the problem of high automobile insurance rates. Choice plans offer consumers the option of a lower-cost insurance policy with restrictions on filing lawsuits or a higher-cost policy with full tort rights. Some American states have implemented choice programs, and [...]

Continue Reading The Economics and Politics of Choice No-Fault Insurance

Tags: Choice, Economics, Insurance, NoFault, Politics