Why is Used Car Insurance History Important? A Complete Guide to Verification

When buying a used car, verifying insurance history is as important as checking the vehicle performance report. Insurance history contains various information such as past accident history, flood damage, and theft, which is very helpful in assessing the condition of a used car. However, many people overlook the importance of insurance history or have difficulty in checking it. This article will explain in detail the importance of used car insurance history, how to check it, and points to note.

Why should you check the used car insurance history?

The reasons for checking used car insurance history are as follows.

• Accident History Check: Vehicles with past accident experiences are more likely to have structural problems.
• Flood Damage Check: Flooded vehicles may have corrosion, posing safety risks.
• Theft Check: Stolen vehicles may have problems such as vehicle identification number alteration.
• Special Purpose Usage History Check: Vehicles used as taxis or rental cars may have excessive wear and tear on the engine and transmission.
• Number of Ownership Changes Check: Vehicles that have changed owners frequently may have been poorly maintained.

Main Items to Check in Used Car Insurance History

• Total Loss, Flood, and Theft History: This is the most important item, as it can significantly reduce the vehicle's value and directly affect safety.
• Special Purpose Usage History: Vehicles used as taxis or rental cars tend to have higher mileage and more wear and tear on the engine and transmission than regular passenger cars.
• Number of Ownership Changes: Vehicles with frequent ownership changes are more likely to have been poorly maintained.
• Accident History: Check the number of accidents, repair areas, and repair costs to assess the vehicle's condition.

How to Check Used Car Insurance History

🔗 Importance of Used Car Insurance History and How to Check It

• Auto365: A government-operated integrated automotive information system where you can check insurance history by entering the vehicle number.
• Car History: Korea's largest vehicle information inquiry service, providing insurance accident information, special accident information, mileage information, etc.
• Used Car Trading Platforms: Most used car trading platforms provide insurance history along with detailed vehicle information.

Precautions When Checking Used Car Insurance History

• Unconfirmed Accident History: If an accident is marked as unconfirmed because the insurance claim is not yet complete, further verification is required.
• Number of Ownership Changes: A high number of ownership changes does not necessarily mean the vehicle is in poor condition.
• Comparison with Vehicle Performance Report: Compare the insurance history with the vehicle performance report to ensure consistency.

Conclusion

Buying a used car requires caution. Insurance history is essential information for assessing the condition of a used car. Carefully check the insurance history, compare it with the vehicle performance report, and choose a reliable used car.

FAQ

• Is checking used car insurance history paid?
  • Most services are paid, but some used car trading platforms offer free inquiries.
• What should I do if there is no insurance history?
  • Request insurance history from the used car seller or use professional inquiry services such as Auto365 or Car History.
• Does insurance history show all accidents?
  • Only insurance-processed accidents are recorded. Accidents that occurred without comprehensive insurance may not be recorded.

Note: This article aims to emphasize the importance of insurance history when purchasing a used car, explain specific verification methods and precautions, and help readers make safe and wise used car purchases.