Inaccurate mileage costs more than $5 billion a year in premium leakage. Go further to refine pricing by capturing a critical rating factor with new technology, data sources, and analytics.

A chronic problem with a hidden toll

Annual mileage is a proven predictor of loss costs—and among the most difficult rating variables to confirm and maintain accurately across the policy life cycle. Two-thirds of policies underreport mileage, contributing to more than $5 billion in annual industry premium leakage.

Get the green light with reliable mileage

Reliable mileage verification matters, but many insurers struggle to capture it. You can bypass unreliable self-reporting, and expensive third-party distributors while pricing more precisely at point of sale and renewal.

Depend on better data

Reduce dependency on inaccurate self-reported mileage and leverage our comprehensive data sources and analytics for more accurate predictive mileage bands.

Precision pricing

Price more accurately using third-party data or our predictive mileage model.

Stem the flow

Avoid adverse selection that steers low-mileage drivers to competitors offering pay-per-mile programs.

Mileage and claims are strongly correlated

Verisk analysis shows that claims vary widely between annual mileage bands. Vehicles with fewer than 3,000 miles experience 40% fewer claims. Vehicles with 20,000 or more miles are likely to see 31% more claims.

Features and capabilities

Varied data

Estimate accurately by combining data from curated, third-party sources and our predictive mileage model.

More sources

Capture odometer readings from sources such as state inspections, auto maintenance service providers, and dealers, streamlined through Verisk.

Predictive modeling

Enhance accuracy with a validated model that produces estimates for new vehicles and those for which there’s not enough odometer data.