OdometerConfirm — Obtain accurate, validated annual mileage
While annual mileage is a proven predictor of loss costs, it’s always been one of the more difficult rating factors to confirm accurately and maintain through the life of a policy. OdometerConfirmTM allows you to obtain accurate annual mileage by providing a quick and easy way to capture actual odometer readings using a policyholder’s smartphone.
How does it work?
Consumers use a mobile app on their smartphones to capture VINs and odometer data quickly and easily. The data is automatically and securely sent to Verisk’s back-end systems, powered by Vehcon, where the mileage data is extracted, authenticated, and validated before being reported to you. The process is turnkey, and the app collects data for any car on the road today.
The ongoing collection of validated odometer readings allows you to accurately track vehicle miles driven for insurance rating and underwriting.