TransUnion has developed a risk assessment score designed to help insurance carriers predict the potential for future losses on vehicles. The company says the Vehicle History Score was developed in partnership with CARFAX, and uses vehicle-specific information to help carriers improve their policy risk assessment processes.
During the rating process, the Vehicle History Score is designed to allow carriers to further segment risk, based on the vehicle's history (e.g. number of owners, odometer reading and vehicle condition), allowing carriers to offer more competitive rates, while managing their risk.
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