GPS trackers: Saving money on your insurance
With any fleet business the main focus is keeping the bottom line from sinking. In order to accomplish your business goals you have to keep profits high and cut back on expenses. While some expenses are unnecessary, others are involuntary, but that doesn’t mean they have to be ridiculously high. Auto insurance for fleet vehicles is a must-have, but with GPS trackers fleet managers can obtain affordable insurance rates. Here are the top two ways insurance rates can differ based on the utilization of GPS trackers.
1.) Recover stolen assets: GPS trackers provide users with the ability to set geofences or boundaries where vehicles are allowed or not allowed to travel. This will send automatic alerts to management via text if vehicles or other company assets should be taken from their location. With live map tracking, it will make it easier to recover stolen assets by immediately being able to inform police of the asset’s location. Having a safety precaution in place will decrease the need to file insurance claims and that makes you a lower risk client for insurance agents.
2.) Improve driving stats: GPS trackers keep data such as braking, speeding and other driving habits. Being able to pinpoint the details of driving behaviors allows for accurate reports to be generated by the GPS trackers. This information will provide insurance agents with proof they need to determine your drivers are safe. Improving driver behavior ties into lower insurance rates.
With a live access GPS tracker map you can pinpoint where fleets are at and receive alerts about unauthorized vehicle movement. Also, by auditing drivers on a daily basis, you can maintain evidence that your drivers really are the safest drivers out on the road. GPS trackers are a one-way ticket to obtaining auto insurance discounts. Saving money on insurance is easier while protecting your assets and your drivers.
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