Skip to main content

No-Fault Automobile Insurance and Accident Severity: Lessons Still To Be Learned

  • Chapter

Abstract

Even before no-fault automobile insurance was first introduced in North America in 1971, it was a topic that generated a tremendous amount of research and debate. Since then, some sixteen states have introduced no-fault provisions (three have since repealed them), and four Canadian provinces have done likewise. At the moment, the province of British Columbia is seriously considering following suit. Thus, this topic still commands a considerable amount attention by academics and public policy makers alike.

An anonymous referee, Kathleen Day and Dane Rowlands provided valuable comments as did various participants at the conference on Automobile Insurance: Road Safety, New Drivers, Risks, Insurance Fraud and Regulation, held in April 1997 at the University of Montreal’s Centre de Recherche sur 1e Transports (CRT) and at the Risk Management Chair at HEC Montréal. The financial assistance of the Social Sciences and Humanities Research Council is gratefully acknowledged.

This is a preview of subscription content, log in via an institution.

Buying options

Chapter
USD   29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD   169.00
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD   219.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD   219.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Learn about institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • Boyer, M., and G. Dionne (1989), “Moral Hazard and Experience Rating: An Empirical Analysis”, Review of Economics and Statistics, 69(1), 128–134.

    Article  Google Scholar 

  • Cummins J. D., and M. A. Weiss (1989), “An Economic Analysis of No Fault Automobile Insurance”, Working paper, University of Pennsylvania.

    Google Scholar 

  • Cummins J. D., and M. A. Weiss (1992), “Incentive Effects of No-Fault Automobile Insurance: Evidence from Insurance Claim Data” in G. Dionne, Ed., Contributions to Insurance Economics, Kluwer Academic Publishers, Boston, pp. 445–470.

    Google Scholar 

  • Devlin, R. A. (1990), “Some Welfare Implications of No-Fault Automobile Insurance”, International Review of Law and Economics, 10, 193–205.

    Article  Google Scholar 

  • Devlin, R. A. (1992), “Liability versus No-Fault Insurance: An Analysis of the Experience in Quebec”, in G. Dionne, Ed., Contributions to Insurance Economics, Kluwer Academic Publishers, Boston, pp.499–520.

    Google Scholar 

  • Greene, W. (1993), Econometric Analysis, Second Edition (New York: MacMillan Publishing).

    Google Scholar 

  • Hammitt, J. K., R. L. Houchens, S. S. Polin, and J. E. Rolph (1985), Automobile Accident Compensation Volume IV: State Rules, Rand Institute for Civil Justice, R-3053-ICL.

    Google Scholar 

  • Kochanowski, P.S., and M. V. Young (1985), “Deterrent Aspects of No-Fault Automobile Insurance: Some Empirical Findings”, Journal of Risk and Insurance, 52, 269–289.

    Article  Google Scholar 

  • Landes, E.M. (1982), “Insurance, Liability and Accidents: A Theoretical and Empirical Investigation of the Effect of No-Fault on Accidents”, Journal of Law and Economics, 25(1), 49–65.

    Article  Google Scholar 

  • Mcewin, I. R. (1989), “No-Fault and Road Accidents: Some Australasian Evidence”, International Review of Law and Economics, 9(1), 13–24.

    Article  Google Scholar 

  • Zador, P., and A. Lund (1986), “Re-Analysis of the Effects of No-Fault Automobile Insurance on Fatal Crashes”, Journal of Risk and Insurance, 53(2), 226–241.

    Article  Google Scholar 

Download references

Authors

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 1999 Springer Science+Business Media New York

About this chapter

Cite this chapter

Devlin, R.A. (1999). No-Fault Automobile Insurance and Accident Severity: Lessons Still To Be Learned. In: Dionne, G., Laberge-Nadeau, C. (eds) Automobile Insurance: Road Safety, New Drivers, Risks, Insurance Fraud and Regulation. Huebner International Series on Risk, Insurance, and Economic Security, vol 20. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-4058-8_19

Download citation

  • DOI: https://doi.org/10.1007/978-1-4615-4058-8_19

  • Publisher Name: Springer, Boston, MA

  • Print ISBN: 978-1-4613-6817-5

  • Online ISBN: 978-1-4615-4058-8

  • eBook Packages: Springer Book Archive

Publish with us

Policies and ethics