Fleet Insurance: How GPS Tracking Reduces Premiums

Insurance is one of the largest fixed costs for fleet operators.GPS tracking can significantly reduce these costs.

Why Insurers Like GPS Tracking

Risk Reduction

- Safer driver behavior
    - Faster accident response
        - Vehicle recovery capability

Data Availability

- Trip history for claim investigation
    - Proof of vehicle location
        - Driver behavior records

Loss Prevention

- Theft deterrent
    - Quick recovery when theft occurs
        - Reduced total losses

Typical Discounts

| Feature | Discount Range |

| ---------| ---------------| | Basic GPS Tracking | 5 - 10 % | | Driver Behavior Monitoring | 10 - 15 % | | Dash Cameras | 10 - 15 % | | Theft Recovery | 5 - 10 % | | Combined Solution | 15 - 25 % |

Qualifying for Discounts

Step 1: Document Your System

- System name and provider
    - Features and capabilities
        - Coverage across fleet

Step 2: Provide Data

- Driver safety scores
    - Accident rates(before / after)
        - Recovery success stories

Step 3: Negotiate

- Get quotes from multiple insurers
    - Use tracking as a negotiation point
        - Ask for telematics programs

Beyond Premium Savings

Faster Claims Processing

GPS data speeds up accident investigations.

Fraud Prevention

Prove your vehicle wasn't where a "witness" claims.

Liability Protection

Demonstrate driver compliance with safety policies.

Total Cost of Risk

Lower accident frequency reduces all related costs.

Making the Case

Calculate your potential savings:

1. Current annual premiums

2. Expected discount(10 - 20 %)

3. Annual GPS system cost

4. Net savings

   ** Most fleets see insurance savings that alone justify their GPS investment.**