Car insurance based on chassis number

The car you drive affects the insurance premium you pay. In fact, when getting insurance quotes online, you may have already noticed that the insurance provider always seems to ask for your VIN number. The reason they ask for this information is because they want to review the history of the vehicle. An insurance provider wants to know if the vehicle has had a salvage title, the type of car it is, and generally, the risks involved in insuring your car.

The VIN of a vehicle offers an abundance of information for anyone wanting to know about a vehicle, especially if it’s a used car. The VIN is the vehicle identification number, a 17 digit serial number on the car. It allows individuals, shops, law enforcement, and car dealers to find information that pertains to that specific vehicle.

The letters and numbers used in a VIN aren’t random. They describe the make and model of the car and the country where it was built. It offers the sequence of the model production and determines whether the VIN is legitimate for the car.

Now that you know the insurance provider will ask for this number when you are getting an online quote or when you are speaking to an agent over the phone, you should be prepared with the number. To find the VIN look on the car title and verify that this is the correct number. You can check it against the VIN number located on the dashboard near the windshield on the driver’s side. You may also find it on the driver’s side door. Check to make sure the number on the vehicle title is the same as the number on the car.

How is the Car History Documented through the VIN?

Most companies share and track information on a car using the VIN. This information is often stored in the Department of Motor Vehicles. Repair shops, insurance companies and law enforcement will store information and categorize it using the VIN number of the vehicle. A car insurance company wants to check the vehicles VIN to make sure it has never been in a serious accident or declared a salvage vehicle.

Note that most insurance companies will not want to ensure a vehicle that has been declared a salvage vehicle.

Though most companies do their best to track a vehicle’s history there are inconsistencies. For instance a prior owner may fail to report an accident, so it wouldn’t show up in the report. Some repair shops may also not report vehicle information.

You can also use the VIN to check for safety recalls, and actual odometer readings. You’ll know if a car has ever been salvaged or written off by another insurer, whether the airbags have ever been deployed and even learn of the use of the car (whether it was ever used as a rental or lease vehicle.)

Before buying a car you should get a vehicles history report. You can purchase this from CARFAX or from the National Motor Vehicle Title Information System. This way you’ll know whether the car has ever been declared a salvage vehicle because of flooding or collision. Having the vehicle’s history in hand before making a purchase also allows you to determine the approximate cost of your insurance policy for that vehicle.

If your car’s VIN reveals a salvage title, many insurance companies won’t offer coverage on it. This means the car, at some point, was declared as a total loss, which to an insurance provider means an increased insurance risk.

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