Kia Releases Vehicle Build Data to US Insurers
Kia has agreed to begin sharing vehicle build data with an insurance data aggregator enabling its US consumers to enjoy discounted auto insurance.
The agreement between LexisNexis Risk Solutions and Kia America is focused on the ADAS features built into individual vehicles at Kia’s American vehicle plants. The data company says the agreement
Will help US auto insurers use ADAS data in insurance rating and underwriting, ultimately to help potentially reduce the total cost of vehicle ownership for consumers.
Its LexisNexis Vehicle Build system normalizes and standardizes vehicle build data at the vehicle identification number (VIN) level, enabling insurance carriers to access and integrate specific details about ADAS features of a Kia vehicle model at the point of giving an insurance quotation. When Kia customers shop for auto insurance, the insurance provider can factor for the ADAS features on their car and potentially offer a lower premium, rewarding owners for their investment in driver assistance technology and helping reduce the total cost of vehicle ownership.
Adam Hudson, vice-president and general manager, US Connected Car, at LexisNexis Risk Solutions, said: “Working with a creative, forward-thinking brand like Kia America, determined to solve its customers’ challenges, enables LexisNexis Risk Solutions to continue to connect automakers and insurers, which could potentially benefit consumers who have chosen and invested in advanced driver assistance features.With newfound underwriting data available through LexisNexis Vehicle Build, guesswork involving a vehicle’s ADAS features is now a thing of the past, and we look forward to continuing to bridge the automotive and insurance markets so consumers can shop for auto insurance in a new and empowering way.”
— Paul Myles is a seasoned automotive journalist based in Europe. Follow him on Twitter @Paulmyles_
