For a fleet business, insurance can be one of your biggest overhead costs, so it is important to only pay what is necessary. One of the best ways that a fleet can save on insurance costs is to invest in vehicle telematics. GPS Insight is a vehicle tracking telematics solution that helps fleets save costs in many ways, including insurance.
Having unsafe drivers in your fleet can increase insurance rates by 10-15%. Vehicle telematics can help you pay less by improving driver behavior. Monitor speed, harsh breaking, and rapid acceleration to help drivers be safe on the road and save your fleet paying more than you should be. Provide proof that your drivers are obeying speed limits and other driving laws to insurance companies to receive a lower premium.
You can even receive a break on fleet insurance just by implementing vehicle telematics. Many insurance companies are teaming up with telematics solutions directly to provide discounts to businesses that equip their work trucks with GPS tracking devices. Telematics increases overall safety and the chances of recovering stolen property, which reduces an insurance company’s risk to insure overall.
For more information on vehicle telematics, visit the GPS Insight website or call 866-477-4321.
