What does Class code 09 mean on an Auto Insurance policy also what does the Symbol 10 mean?
Different insurance companies use different class codes. The
symbol is related to the vehicle itself. Most insurance companies
use symbols assigned by ISO so they are standard from carrier to
carrier. The symbol has several factors that go into coming up with
the symbol including cost of the vehicle, cost of parts, and
frequency of accidents in that particular vehicle. The lowest used
to be the Dodge Caravan which had a symbol 1. As a matter of full
disclosure, I own and operate a smalltown Independent Insurance
Agency in Central Georgia and have for 23 years. I also worked as
an agent for a direct writer for 3 years prior to that.