Car colour, driving habits and location influence insurance premiums, according to a digital solutions provider using ByteDance’s AI model
“This is what we found based on our massive data,” said SunCar chief strategy officer Breaux Walker in an interview with the South China Morning Post.
Other factors also affect premiums, including car usage, commuting routes and driving habits. “Making turns at more dangerous intersections will translate into a higher quotation,” Walker said.
Location also matters. “If a Tesla owner lives right next to a Tesla repair shop, the quote for that person is going to be lower than someone who lives in the next province,” he said.
