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Mike Cudzil, Daniel H. Hyman
Picture a six-lane highway with roughly 110 million cars. The posted speed limit is 55 miles per hour, but there is not a police officer in sight. Since there have not been any major accidents in years, it is common practice to travel at 90 miles to 100 miles per hour, and insurance companies are lowering their premiums – often regardless of the state of the cars.
Geographical idiosyncrasies, such as population and housing stock, are also part of the story. Figure 3 illustrates changes in housing stock relative to population differences from state to state in 2010 and 2011.
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