No problem with your analysis. Older people do die more often than the young, and some are passengers in vehicles, so the data need be even more granular. Generally, I go with the insurance companies whose profits are generated by making the safest bets possible.
Agreed. Many younger folks die with parents behind the wheel.
Insurance and all products’ prices reflect not just risk assessment but what price the market will bear, as well as state regulators’ mandates. And other factors. Indeed, the rich premiums paid by youngsters who “must” drive likely offset loss-leaders in other brackets; if junior picked Allstate because pop picked Allstate, dropping pop likely has a ripple effect.
Have a great day.