Choosing between Alternative Motor Insurance Policies: A Discrete Choice Experiment

Table 7

Parameter estimates of model based on female policyholders.

Attributes	Coefficients(SE)	Z-Value	P-Value	[95% Conf. Int.]
Moderate Premium	0.46760 (0.06773 )	6.904	0.0000	0.3349 0.6008
Maximum Premium	0.24961 (0.06977 )	3.578	0.0003	0.1130 0.3864
Prompt Claims	0.34388 (0.05603)	6.138	0.0000	0.2341 0.4538
Satisfactory Customer Service	-0.01634 (0.05615)	-0.291	0.7710	-0.1264 0.0937
Proximity Near	0.27341 (0.05619 )	4.865	0.0000	0.1633 0.3837
Constant	-0.47626 (0.06170 )	-7.719	0.0000	-0.5970 -0.3559
Number of observations	2072
AIC	2770.2
Likelihood ratio	114.24
Prob	0.0000