The partial relationship between automobile age and risk is studied by means of logistic regression as applied to a large insurance policy data set. Annual mileage and car owner's gender, age and county of residence are controlled for. Contrary to expectations, the analysis reveals a negative relationship between automobile age and risk. Older cars sustain fewer liability damage accidents, and also fewer injury accidents, than do new cars, other things being equal. It is suspected this is due to risk compensation.


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    Title :

    Bilers Alder og Ulykkesrisiko (Automobile Age and Risk)


    Contributors:
    S. Fosser (author) / P. Christensen (author)

    Publication date :

    1998


    Size :

    48 pages



    Type of media :

    Report


    Type of material :

    No indication


    Language :

    English




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