Personal Auto Physical Damage Rating Symbol: These codes indicate the relative risk of loss for each private passenger vehicle for a given model year.
ISO INSURNACE ISO
Your vehicle has two different types of ISO rating symbols attached to it: Your insurance company still takes all of these factors into consideration when calculating your premiums, although these factors are not reflected in your ISO rating. Regional risk (say, if a specific area is prone to flooding or hail damage).
ISO INSURNACE DRIVER
ISO INSURNACE SERIES
The ISO considers all of these things before assigning a Vehicle Series Rating. Certain high-end sports cars, for example, are more likely to get into a collision than basic economy vehicles. ISO ratings take this factor into consideration.Ĭhance of Collision: Some vehicles are involved in more collisions than others. They might have weak anti-theft systems, for example, or be highly desirable vehicles to steal. Likelihood of Theft: Some vehicles are more likely to be stolen than others. Higher repair costs lead to higher costs for your insurer, which raises premiums. Additionally, certain vehicles just have high repair costs regardless of value. Vehicle Value and Cost to Repair: Higher-end vehicles are generally more expensive to repair than lower-end vehicles. Make and Model: Each vehicle make and model has its own ISO rating.Ĭar Safety Ratings: Cars with a five-star safety rating tend to be cheaper to insure than cars with a four-star safety rating or lower. The Insurance Services Organization considers all of the following factors when determining your ISO rating symbol: Which Factors Affect an ISO Rating for Car Insurance? It won’t do much damage in an accident, it’s cheap to repair, and it protects its passengers. It’s also costly to repair.Ī smaller, cheaper, economy vehicle with a good safety rating, meanwhile, may have a lower ISO rating. When this vehicle is in an accident, it can cause significant damage to other people and property. A higher ISO rating means higher risk for the insurer, which means the owner of the vehicle will pay higher insurance premiums.Ī big, boxy SUV with poor handling, for example, may have a very high ISO rating. Insurance companies can use this ISO rating to determine the risk of insuring a vehicle. The purpose of the Vehicle Series Rating is to match premium for each particular type of car to losses for that type of car. The ISO analyzes each vehicle based on its safety ratings, repair costs, real life losses, and other metrics.īased on this information, the ISO assigns each vehicle a Vehicle Series Rating (VSR). The ISO assigns rating symbols to vehicles based on make and model. The ISO is best-known for two metrics, including a Public Protection Classification (PPC) rating used to calculate home insurance premiums and an ISO rating that tracks the value of your vehicle and its repair costs. The Insurance Services Office (ISO) is a research group funded by a group of insurance companies. What does an ISO rating mean for car insurance? How does an ISO rating raise or lower car insurance premiums? Today, we’re explaining everything you need to know about how ISO ratings impact car insurance. Virtually every car insurance company in the United States uses the ISO vehicle rating to calculate auto insurance premiums. This organization assigns ISO ratings, and these ISO ratings impact insurance premiums.