Insurance Institute for Highway Safety (IIHS)
Definition - What does Insurance Institute for Highway Safety (IIHS) mean?
The Insurance Institute for Highway Safety (IIHS) is a non-profit organization located in Arlington, Virginia whose goal is to reduce the number of highway accidents.
The institute is funded by auto insurance companies and does safety testing as well as provide safety ratings for many vehicles on the road.
Insuranceopedia explains Insurance Institute for Highway Safety (IIHS)
When car accidents occur on highways, they cause massive amounts of financial damage, as well as serious injuries and even death. Car accidents also cost auto insurance companies extremely high amounts in claims payouts. For this reason, the Insurance Institute for Highway Safety's efforts to reduce vehicular accidents can benefit both drivers and the insurance companies that insure them.
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