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MileageConfirm

Capturing mileage across a shifting auto insurance landscape

Mileage is gaining heightened awareness as driving patterns recover in the new normal. Precision is critical to align price to risk more accurately.

Advancements can help refine a critical rating factor

Odometer

Advancements can help refine a critical rating factor

Accurate mileage matters, but many insurers struggle to capture it. They may accept unreliable self-reporting by policyholders, use overly broad bands, or skip mileage altogether. Now—with MileageConfirm™—new technology, data sources, and analytics are changing the insurance landscape when it comes to accurately assessing risk.

Case study: Insurer gains potential 7.2% lift

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Learn how better data and advanced modeling can identify mileage gaps and recover missing premium.

Learn from the case study

Mileage and claims are strongly correlated

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All lanes are open to accurate mileage

Leverage Verisk’s unique data assets and analytics at both point of sale and renewal.

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Connected-car data

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Odometer readings from third-party data sources

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Predictive mileage model

The Challenge of Auto Insurance Premium Leakage

Verisk Insurance Solutions Challenge Of Auto Insurance Premium Leakage

Mileage-related premium leakage is a $5B annual industry problem. Our Innovation Paper explores key findings and insights to better align price to risk.

Download the innovation paper

Additional insights

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Unpacking the 2021 new normal for personal auto mileage

Personal auto mileage has fluctuated widely through the pandemic and the emerging new normal. It may be time for insurers to leverage analytics to avoid premium leakage.

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The magnitude of the mileage problem in personal auto

Perception and reality often diverge when drivers estimate how many miles they drive in a year. Verisk’s 2018 Verified Mileage Study helps measure the difference: About…

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9 likely new-normal scenarios for personal auto insurance

As personal auto insurers navigate the coronavirus recession and recovery, complex social and economic trends appear set to shape the industry’s “new normal.”

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    Note that password resets and user information are not available through Live Chat or Email. Instead, please call the main toll-free number below.

  • Main Toll-Free: 1-800-888-4476

  • Global Toll-Free: International Access code, then 800 48977489
    When calling from the UK, please dial 00 800 4897 7489
  1. Verisk analysis of ISO Statistical Plan data, March 2021; based on three-year average for all personal auto coverages from 2017-2019 and excluding 2020 to remove impact of pandemic on typical mileage patterns

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