Need To Know A Lot More Concerning About VIN Verification
May 12, 2021
Did you know that adding a VIN to your car’s history can dramatically reduce your car insurance premiums? If you’re like most people, you don’t have a clue how a VIN works. That’s unfortunate, because understanding what a VIN is and why it is so important can help you save hundreds of dollars each year. By the time you’re finished reading this article you’ll know everything you need to about how a VIN works and why it is imperative to your long term car insurance. Visit us on VIN Inspection RIVERSIDE.
“A VIN, or Vehicle Identification Number, is simply a number that is used by the insurance industry to ensure that the cars that they are paying for are really the cars that they are buying. The reason that it is so important is that if the policyholder for a particular vehicle doesn’t actually own the vehicle then the insurance company will be able to prove who owns it. If the person is unable to provide the insurance company with proof of ownership then they are legally responsible for the cost of the automobile. This way the company will always know who to blame when there’s an accident because they will always be able to prove who was at fault.”
So what exactly does a VIN mean to your car insurance company? A VIN verifies the identity of a specific car, and when it’s matched with a similar car in the fleet, a collision can occur. When searching for cheap car insurance you can expect to pay as much as half of what a new car would cost if it had no verifications. If you have ever shopped around for car insurance, you know just how important VINs are to save you money.