Choosing between Alternative Motor Insurance Policies: A Discrete Choice Experiment

Table 4

Parameter estimates of full model.

Attributes	Coefficients(SE)	Z-Value	P-Value	[95% Conf. Int.]
Moderate Premium	0.40504 (0.04139)	9.787	0.0000	0.3239 0.4864
Maximum Premium	0.16194 (0.04264)	3.798	0.0001	0.0784 0.2455
Prompt Claims	0.52872 (0.03424)	15.442	0.0000	0.4619 0.5959
Satisfactory Customer Service	-0.05928 (0.03432)	-1.727	0.0841	-0.12655 0.00798
Proximity Near	0.23173 (0.03435)	6.747	0.0000	0.1644 0.2991
Constant	-0.48887 (0.03775)	-12.950	0.0000	-0.5627 -0.4152
Number of observations	5600
AIC	7380.1
Likelihood ratio	395.14
Prob	0.0000