All things fleet tracking – industry news and best practices
Fleet Tracking and Insurance Premiums: A Surprising Correlation
Posted on 01/24/2012 by Wyn Partington | 0 Comments
What If You Could Save Significantly on Insurance Premiums?
One of the most surprising benefits of implementing a GPS fleet tracking solution is reduced insurance costs. When I talk with one of our customers, I often asked them if they have let their insurance provider know that they use a GPS vehicle tracking solution to track their vehicles and assets.
Whether you have just implemented a fleet management solution or have been using one for awhile, it may be worth checking in with your insurance company to see if you can receive a discount or reduced rates.
Dion Calheta, Project Manager for Capeway Roofing Systems, said, “The ability to find vehicles in real-time has lowered our insurance premiums, In fact, our insurance company’s safety division uses us as a model for other businesses for the anti-theft and speed alert functionality.”
Larry Riedel, Operations Manager for Eagle Medical Service, was able to switch insurance providers and received such a substantial discount, the NexTraq™ Fleet Tracking platform paid for itself three times over in the first.
Looking for additional ROI from your GPS fleet management purchase? Talk to your insurance providers to see if you are eligible to reduce one of your most expensive overhead costs.