What:
Kia America has entered into an agreement to supply vehicle build data to LexisNexis, a data, analytics and technology provider, to help Kia owners across the US potentially benefit from their cars’ advanced driver assistance systems (ADAS) when they shop for auto insurance.
Why:
Help potentially reduce the total cost of vehicle ownership for consumers.
How:
- LexisNexis Vehicle Build provides data regarding ADAS features in Kia vehicles in order to help US auto insurers utilize ADAS data in insurance rating and underwriting.
- LexisNexis Vehicle Build normalizes and standardizes vehicle build data at the vehicle identification number (VIN) level, enabling US insurance carriers to more easily access and integrate specific details about ADAS features of a Kia vehicle model at the point of quote.
- 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.