Any risk that can be quantified can potentially be insured. Auto Insurance is purchased by the owner of a vehicle to cover losses due to traffic accidents or theft. Auto insurance rates are determined by a number of factors including:
- driving record
- usage, how you are using the vehicle, work, pleasure, business
- how many drivers you have and their ages
- how many vehicles you have
- what kind of coverage limits you want
- what area you live in
- your payment history
- what color car you drive
- your credit score
- your claims history
- your occupation and how many years you have lived at your current residence
- how fast you can solve a Rubik’s cube
- your daily, weekly, annual mileage
Many of these factors to quantify risk are based on pure statistical correlations with past data without any underlying guiding reason.
While there have been some attempts to find correlations with birth dates (sun position) of the drivers, the auto insurance industry worldwide has failed to this date to take advantage of guiding principles of Vedic astrology.The sun position alone (like the daily horoscope reading cartoons) can not provide a reading of individual driving habits.
Vedic astrology has a lot to offer in this regard. If the horoscopes of the drivers are analyzed and the personal habits are reflected accordingly in the driver risk profile, it will be an accurate way of determining the auto insurance rates. The auto insurance rates then will be lower. The auto industry can benefit most as well as the good drivers will be rewarded by not having to pay for the ones with bad driving habits.
This is a step long overdue for the auto insurance industry to implement; develop an indicator base on horoscopes using Vedic astrology to determine individual auto insurance rates. A win-win situation for both insured and insurers.