Choosing between Alternative Motor Insurance Policies: A Discrete Choice Experiment

Table 6

Parameter estimates of model based on male policyholders.

Attributes	Coefficients(SE)	Z-Value	P-Value	[95% Conf. Int.]
Moderate Premium	0.36853 (0.05231)	7.045	0.0000	0.2659 0.4714
Maximum Premium	0.11007 (0.05402)	2.038	0.0416	0.0043 0.2159
Prompt Claims	0.63610 (0.04332 )	14.685	0.0000	0.5513 0.7211
Satisfactory Customer Service	-0.08871 (0.04342 )	-2.043	0.0410	-0.1738 -0.00362
Proximity Near	0.20819 (0.04346 )	4.791	0.0000	0.1230 0.2934
Constant	-0.49445 (0.04772 )	-10.362	0.0000	-0.5879 -0.4014
Number of observations	3528
AIC	4604.4
Likelihood ratio	302.56
Prob	0.0000