CARFAX, a division of S&P Global Mobility, launched its new Vehicle Build Score on February 25, 2025, in collaboration with Pinnacle Actuarial Resources. This innovative score is designed to modernize and replace traditional vehicle symbols used in auto insurance risk assessment.
The CARFAX Vehicle Build Score utilizes the full 17-digit VIN to provide insurers with a more refined rating by offering a deeper understanding of a vehicle's value and specific attributes. It incorporates a proprietary vehicle valuation model that aims to prevent both over and underpricing by delivering precise current market values.
This solution leverages CARFAX's database of over 36 billion records to provide insights into a specific vehicle's factory and post-factory installed features. The score is designed for both personal and commercial auto insurance markets and is currently being filed and approved by state regulators across the United States, indicating its potential for broad adoption.
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