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6 Businesses That Benefit from Identifying Vehicle Specs by VIN


In a previous article, we discussed how businesses can leverage a commercial VIN decoding solution to identify vehicle specs by VIN, as well as which specs are often included. In this article, we are going to dive into which businesses benefit from this functionality. The short answer is just about any industry that has anything to do with vehicles, their maintenance, financing, insurance, or transportation. Here’s a deeper dive into some of the most popular use cases for vehicle specs identification by VIN:

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Topics: Logistics, VIN, Parts & Services, Insurance, Vehicle Equipment, Dealers, Fleet Management, Risk Management


The True Cost of Incomplete Vehicle Data for Underwriters


Beyond just misleading, limited data can harm your business. Market analyst, Gartner, found that 27% of the data in the Fortune 1000 companies is considered flawed, which they defined as inaccurate, incomplete, or duplicated. According to their research, poor quality data leads to high costs, a high customer turnover rate and excessive expenses. IBM estimates that bad data costs the US economy roughly $3.1 trillion dollars each year. They also found that 1 in 3 business leaders don’t trust the information they use to make decisions. Experian Data, in a separate study, determined that flawed data impacts the bottom line of nearly 90% of all American companies.

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Topics: Insurance, Risk Management, Finance


New Cars vs. Old Cars: A Diverse Auto Industry Requires Comprehensive Vehicle Data


Today’s automotive landscape is much different than 20 years ago, with the average life of a vehicle at a record high of 11.8 years. Automotive manufacturers across the board are building high-quality, longer-lasting vehicles, provided the owner keeps up with maintenance.

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Topics: Automotive Data, Parts & Services, Insurance, Dealers


What Does a “New Normal” Look Like for The Auto Industry?


We are living in a strange time right with a pandemic (COVID-19) that has greatly affected people worldwide and shuttered economies. Millions of people in the United States are out of work (hundreds of millions worldwide) and many businesses have had no choice but to furlough or lay off their employees, or even worse, close their doors permanently.

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Topics: Parts & Services, Insurance, Automotive, Dealers, Fleet Management


The Auto Insurer’s Guide to Effectively Leveraging VIN Decoding Solutions


In an industry based on accurately assessing and rating risk to maximize profitability, it’s essential that insurance carriers are able to correctly identify each vehicle they insure. This can be a challenging task to accomplish without leveraging a comprehensive vehicle data solution, especially as vehicles continue to advance.

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Topics: VIN, Insurance


How to Improve Your Auto Insurance Claims Process With Accurate Vehicle Data


The handling of auto insurance claims has continued to improve from a consumer perspective, with relatively simple steps that can be completed predominantly online or through mobile applications. Many insurance providers, such as yourselves, have done an excellent job building out resources to help walk consumers, both policyholders and claimants, through each step for submitting a claim as well as educating the consumer in regard to expectations following a claim submission.

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Topics: Insurance


7 Features Every Car Insurance Quote Comparison Website Should Include


There are quite a few car insurance quote comparison websites for consumers to quickly identify the most affordable insurance premiums in one place.

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Topics: Insurance


5 Ways to Lower Your Car Insurance


As a VIN decoding and vehicle data provider, we interact with many different segments of the auto industry, including auto insurance. So, we thought it’d be a great idea to have our friends over at The Zebra contribute on our blog. Without further ado...

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Topics: Safety, Insurance, Guest post


5 Changes Likely to Occur with Proposed NHTSA Crash Test Ratings Overhaul


The NHTSA has been providing valuable crash testing ratings since 1978 that are based on front-impact crashes, side-impact crashes, and rollover resistance (added in 2011). In recent news, however, there could be some added categories to these crash test ratings.

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Topics: Safety, Insurance, Automotive Technology, Vehicle Equipment, Vehicle Shopping


The Effect of "Mobilegeddon" on the Automotive Industry


Mobile devices are becoming a standard means of browsing the internet, researching products and services, and making purchases online. According to Global Web Index, 80 percent of internet users own a smartphone and 47 percent own a tablet. With these kinds of statistics, you better believe that your website is receiving a significant amount of its traffic from mobile users - unless you fell subject to the latest Google algorithm update last week. 

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Topics: Mobile, Vehicle, Parts & Services, Insurance, Automotive, Dealers