VIN Validation is an Integral Tool for the Insurance Industry

VIN Validation is an Integral Tool for the Insurance Industry

As most people are quite aware, the Vehicle Identification Number (VIN) provides a car or truck’s entire vehicle history, acting as a sort of fingerprint that details all pertinent information regarding the vehicle. It is a unique combination of 17 letters and numbers assigned to each and every vehicle when it is originally built and that stays with the car or truck throughout its lifetime. The VIN is designed to allow anyone to track the vehicle as it changes hands from one owner to the next and as it is repaired and serviced.

In the event that the vehicle is ever severely damaged (and is assigned a “salvage title),” this information should appear when the VIN is used to generate a vehicle history report, such as those offered by companies like AutoCheck, Carfax and the National Motor Vehicle Title Information System. In addition, VINs can help to prevent theft, since no two cars built within thirty years of one another can have the same VIN.

VIN Validation makes it possible to determine the year, make and model of the vehicle by deciphering the placement of the letters and numbers in the VIN. It can also be used to check for recalls, which is helpful if there is an issue with a manufacturers item that needs to be replaced or repaired. This is easily accomplished just by entering the VIN in the National Highway Traffic Safety Administration’s (NHTSA) VIN Look-up Tool.

A great tool for brokers, MGAs and Program Admins

If youre looking to write business auto insurance coverage, the VIN validation acts as a tool for gathering all of this vital information about the cars history. This can help determine insurance rates for your clients, and is designed to save time since all of the information can be garnered online and in a moments notice.

On most cars, you can find the VIN on the dashboard on the driver’s side, and it’s visible through the windshield from outside the car. It is usually on a sticker or plate on the inside of the driver’s side door or on the frame sill where the door closes. The VIN is sometimes printed inside the glove compartment, and it’s usually on the car’s title and/or on insurance documents. Without VIN validation, it would be difficult, if not impossible to have accurate information concerning a vehicles overall history.

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