Simplify your risk analysis with VIN-specific data
StudyPriceSM is the automotive industry’s first normalized, analytics-ready and VIN-specific risk analysis service. It enables insurance carriers to identify and evaluate vehicle features that mitigate loss or severity of loss, reduce risk and result in more competitively priced auto premiums.
Now you can study your historical auto claims and VIN-specific features – beyond year, make and model. In addition to robust vehicle descriptions, StudyPriceSM discovers all active and passive safety features, all vehicle features deemed to be expensive to replace, as well as theft-preventative features. Once these features are identified, StudyPriceSM can integrate directly into all quoting algorithms, enabling automatic discounts for applicable features.
Contact us today to view a demo of StudyPriceSM. Find out how Autodata SolutionsSM strengthens the consumer journey through a better vehicle buying and ownership experience.
Return up to 1,200 features per VIN
Insurance carriers use StudyPriceSM to analyze all current and past customer vehicle data at the feature level. Comparing it to their loss data, carriers learn which features impact frequency and severity of loss.
Solution overview
Standardizes how ADAS features are named.
Rather than having a standardized naming convention for ADAS features, every manufacturer brands them differently as a way to stand out from the competition.
Because the detailed data provided through StudyPriceSM is normalized (vehicle features are described and coded consistently across years, makes, models and OEMs), comparison and analytics can be performed more accurately. With StudyPriceSM, insurance carriers have the ability to compare over 1,200 feature attributes on every vehicle. Autodata SolutionsSM keeps track of new technologies by adding them to the database as they enter the market.
Gives clarity to “invisible” ADAS features.
It has become difficult to determine relevant features and what features are actually on a vehicle with any degree of certainty. For instance, the addition of actuators, sensors, processors and/or over-the-air software capabilities have made some features difficult to see.
Autodata SolutionsSM receives build data directly from the OEMs for the majority of vehicles sold each year, including fleet and direct orders. In the absence of OEM build data, we have a proprietary VIN warehouse consisting of engineered VIN data derived from numerous sources that accounts for all of the as-configured features on a given VIN. We provide automotive VIN services that call out ADAS and other key features, as well as categorize them. StudyPriceSM is powered by deep and comprehensive vehicle data and configuration rules, making it much more difficult for “invisible” features to hide.
Competitively priced insurance rates keep customers loyal.
Insurance customers increasingly jump from carrier to carrier. According to analysis by J.D. Power, the number of insurance consumers “at-risk” for changing carriers has risen to its highest level in 20 years. The rate of auto insurance loyalty, measured by customers who will “definitely renew” their policy with their incumbent carriers, continues to fall.
This decline in loyalty is driven by the efficiency of online insurance shopping, the ease of switching carriers and the rising costs of auto insurance. Premium discounts for certain features can mean the difference between winning and losing a quote, as well as in retaining current customers.
Features and benefits
-
Our solution is conveniently offered as a RESTful web-based service, allowing for live VIN submissions or batch processing.
-
Our solution features VIN-specific and feature level data. We have the most accurate, timely and complete vehicle data and content in the industry encompassing over 30 years of model coverage.
-
We obtain our data directly from the OEMs and update immediately upon receipt so our vehicle data is always current.
-
Our vehicle content attributes are normalized to consistently describe the attributes of vehicle features in a complete, accurate and OEM-agnostic way.
-
Service outputs allow for easy integration into existing quoting algorithms.
Available features for analysis
- All active and passive safety features
- All vehicle features deemed expensive to replace
- All features that may prevent theft
Insurance carriers use StudyPriceSM to analyze all current and past customer vehicle data at the feature level. Comparing it to their loss data, carriers learn which features impact frequency and severity of loss.
Experts You Can Count On
Cathy Noble
Cathy Noble is a Product Portfolio Director in the Autodata Solutions Division of J.D. Power. Cathy oversees a suite of products that power vehicle merchandising tools and research experiences, including AutoPlanner, StudyPrice, Feature Exchange and the suite of CarBook quoting products. Cathy manages customer IT portfolios through the provision of technology direction, automotive data and custom IT solutions.
In her 25 years with Autodata Solutions, Cathy has proven to be a highly accomplished delivery executive with proven success in directing software development, delivery and operational oversight. She has strong ability in identifying and overseeing the production of innovative solutions that meet changing business needs, drive revenue growth and improve efficiency.
Cathy graduated with honors in Business Administration in 1991.
Jim Vecchio
James Vecchio is the Head of VIN Products for the Autodata Solutions Division of J.D. Power. Jim is a seasoned entrepreneurial executive who is now focused on fueling data solutions across J.D. Power. Prior to the merge with J.D. Power, Jim was charged with corporate strategy, marketing and business development efforts at EpiAnalytics, Inc., an on-demand software company providing Automotive AI and customer experience analytics.
Jim began his career in the corporate legal department at Ford Motor Company and then moved into private legal practice before serving as general counsel for SITEL Corporation, a NYSE-listed company with over $1 billion in revenues. At SITEL he directed the company’s legal strategy, managed external counsel and led SITEL through its initial public offering (IPO) – the first publicly traded, independent teleservices company. He also managed matters ranging from large outsourcing service contracts with multinational organizations to international joint ventures and acquisitions/dispositions.
Jim received his JD, Cum Laude, from Michigan State University - College of Law, and a bachelor’s degree in business administration from Michigan State University. He is a member of the State Bar of Michigan and the State Bar of Nebraska.
Austin Lavigne
Austin Lavigne is a Business Development Manager for J.D. Power, supporting the full suite of ChromeData automotive data solutions for the non-OEM reseller channel.
Austin’s role with J.D. Power started in the OEM Client Services division where he provided high-quality account support across a variety of engagements from syndicated studies to consulting programs. With a unique lens on the Canadian and Premium markets, Austin is a student of the industry with a passion for data-driven innovation and digital transformation. Prior to J.D. Power, Austin also spent time with GM Canada as a Financial Analyst.
Austin holds an Honours Bachelor of Business Technology Management from Wilfrid Laurier University.
Related Products and Solutions
Let's Connect
Are you interested in learning more about products and services from the Autodata Solutions division of J.D. Power? If so, fill out the form! We’ll be in touch ASAP.
Or, to speak directly with a member of our team, contact us at 866.430.8524.
For all other inquires, you can contact us here.