Ideally, I guess the insurance companies would be able to review and analyse someone's entire personal driving history.
I'm sure most underwriters would be actually quite happy if there were some other parameters that they could use to identify lower-risk propositions. That way they could lower premiums.
Believe it or not, lowering premiums is what insurance companies really WANT to be able to do - that's how they get more business, after all! That 8k isn't a reflection of their desired profit - you'll find their margin above your "risk mitigation" cost is probably quite small. You just have to shop around to find the insurance company who is willing to take on the most risk (or at least has a portfolio which allows the risk to be mitigated by premiums in another demographic!!!).
I wonder how many useful parameters for identify reduced risk are currently overlooked. For example, surely your "number of incidents per mile driven" is much more important than your simple "number of incidents" - let's compare, for example:
- a rep who does 25,000 miles a year, and has had 3 crashes in the last 5 years
- a driver who passed their test 5 years ago and has only driven 1,000 miles since and crashed once.
Both are quoting an estimated 10,000 miles for the coming year. The second is clearly the riskier proposition. Bet she they get a much cheaper premium, though!