Choosing between Alternative Motor Insurance Policies: A Discrete Choice Experiment

<table class="fixed-width table-group" id="tab3"><tr><td><table class="table"><colgroup><col style="width:16.18em"/><col style="width:7.21em"/><col style="width:7.34em"/></colgroup><tr><td class="thead-hr" colspan="3"><hr/></td></tr><tr class="thead"><td class="align_left"><b>Attributes </b></td><td class="align_center"><b> Company 1 </b></td><td class="align_center"><b> Company 2 </b></td></tr><tr><td class="thead-hr" colspan="3"><hr/></td></tr><tr><td class="align_left">Premium Cost</td><td class="align_center"> Moderate</td><td class="align_center"> Maximum</td></tr><tr><td class="align_left">Claims Settlement</td><td class="align_center"> Delayed</td><td class="align_center"> Delayed</td></tr><tr><td class="align_left">Customer Service</td><td class="align_center"> Satisfactory</td><td class="align_center"> Good</td></tr><tr><td class="align_left">Proximity</td><td class="align_center"> Near</td><td class="align_center"> Near</td></tr><tr><td class="align_left" colspan="3"><hr/></td></tr><tr><td class="align_left"><b>Which company would you choose?</b></td><td class="align_center"><b>Company 1 [  ]</b></td><td class="align_center"><b>Company 2 [  ]</b></td></tr><tr class="table-tr"><td colspan="3"><hr class="tbody-hr"/></td></tr></table></td></tr></table>

<div>Choice set presented to respondents. Which of these two companies do you want?</div>

International Journal of Mathematics and Mathematical Sciences

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Table 3

Table 3: Choosing between Alternative Motor Insurance Policies: A Discrete Choice Experiment 