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Price Variability in Automobile Insurance

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Listed:
  • Joseph A. Fields
  • Emilio C. Venezian
  • David Jou

Abstract

In this paper the causes of variation in automobile insurance prices are examined within a small and homogenous state. The central hypothesis of interest is the relation between the price of automobile insurance and the quality of the product. The findings here indicate that the market is one which contains substantial frictions, making the search for automobile insurance products a worthwhile activity for consumers.

Suggested Citation

  • Joseph A. Fields & Emilio C. Venezian & David Jou, 1992. "Price Variability in Automobile Insurance," Journal of Insurance Issues, Western Risk and Insurance Association, vol. 15(1), pages 31-44.
  • Handle: RePEc:wri:journl:v:15:y:1992:i:1:p:31-44
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    Cited by:

    1. James M. Carson & James S. Doran & Randy E. Dumm, 2011. "Market Discipline in the Individual Annuity Market," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 14(1), pages 27-47, March.

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