“The existing practice of using symbols does not reflect an understanding of a specific vehicle’s bumper-to-bumper configuration,” director of insurance analytics Don Hendriks said.

"The existing practice of utilizing symbols does not reflect an understanding of a specific vehicle's bumper to bumper configuration" said Don Hendriks, Director of Insurance Analytics at CARFAX.

This detailed approach negates the need for yearly updates and adjustments that are required for existing symbols, the company said. Designed to serve personal and commercial auto insurance ...