UK Insurance Companies Wanting Complete Option Lists From Vehicles So They Can Charge Extra

Drivers may soon have to list all of their car’s options on an insurance application, which could result in more expensive policies for some, Auto Express can exclusively reveal. 

Peter Shaw, CEO of the insurance industry body Thatcham Research, told Auto Express: “We are working with car manufacturers and the Society of Motor Manufacturers and Traders over sharing of optional fitment data with the insurance industry.” He said that this would allow insurers to more accurately price premiums in the future.

atc98092 - 6/23/2017 9:08:08 AM

+3 Boost

They already do something like this in the US. When they enter the VIN in their system, they know exactly the model, engine, etc.