Business Magazine

The 3 Big Ways GPS Tracking Lowers Insurance Costs

Posted on the 27 March 2012 by Fleetmatics @fleetmatics

gps-truck-tracking-insuranceRisk management professionals recognize that adding a GPS tracking system is a clear signal that a business is serious about lowering it’s risk profile. While you may have come across GPS tracking to lower fuel costs, improve service, reduce payroll fraud, etc., don’t minimize the impact GPS tracking can have on your insurance premiums. Many insurance companies offer discounts to business with a tracking system, most of the time, it’s just a matter of alerting them that you’ve put one in place. Here are the main reasons they’re interested:

You’re Making Your Fleet Safer

GPS tracking alerts business owners and fleet managers of unsafe driving habits and gives them an opportunity to correct the behavior as part of an integrated safety program. Something as simple as reducing speeding violations across your fleet will reduce accidents and injuries (not to mention tickets) and make you golden in the eyes of your insurance carrier.

You’re Keeping Your Vehicles and Assets Secure

GPS tracking discourages theft and employee misuse as well as expedites vehicle and equipment recovery following a theft. Obviously your carrier will get behind anything that helps ensure they won’t have to write a big check.

You’re Ensuring Proper Maintenance

Most GPS tracking systems include maintenance alerts and reporting based on mileage and activity of your vehicles. This helps keep you up to date with oil changes, tire rotations, and other servicing needs. A well-maintained vehicle is a safer vehicle, especially in bad weather areas of the country.


You Might Also Like :

Back to Featured Articles on Logo Paperblog

These articles might interest you :

  • Big Food Giants Manipulate Public Health Policy in China

    Food Giants Manipulate Public Health Policy China

    Coca-Cola is at it again. As soda sales decline in the United States and Europe, beverage companies look to emerging economies like China for growth. And, it... Read more

    The 15 January 2019 by   Dietdoctor
    DIET & WEIGHT, HEALTH, HEALTHY LIVING, MEDICINE
  • Jewellery for a Precious You

    Jewellery Precious

    Jewellery is always close to a woman’s heart. It completes her look and boost confidence. Considering the changing trends in jewellery fashion, it becomes... Read more

    The 15 January 2019 by   Dr.jenifer Sayyed
    LIFESTYLE
  • Rajshri Productions’ Next Is A Film On Friendship | Hum Chaar | Trailer

    Abhishek Dixit’s debut feature film Hum Chaar is a Bollywood film made under the banner of Rajshri’s film. Hum Chaar is written and directed by Abhishek Dixit. Read more

    The 15 January 2019 by   Themoviean
    ENTERTAINMENT, MOVIES
  • Saint Paul the First Hermit

    Saint Paul First Hermit

    Today is the feast day of Saint Paul the hermit. This is a sweet and delicate Oatmeal Bread topped with rolled oats and naturally sweetened with agave. Saint... Read more

    The 15 January 2019 by   Veronica46
    FOOD & DRINK, RECIPES
  • Irupathiyonnaam Noottaandu | Teaser | Pranav Mohanlal | Arun Gopy

    Arun Gopy’s Irupathiyonnaam Noottaandu is an upcoming Malayalam action-drama feature film starring Pranav Mohanlal and Zaya David in the lead roles. Read more

    The 15 January 2019 by   Themoviean
    ENTERTAINMENT, MOVIES
  • A Year Of Body Positivity

    Year Body Positivity

    Last January, as I sat there on New Years eve all set to make the same old resolutions I've made year after year for as long as I can remember, I realised how... Read more

    The 15 January 2019 by   Sparklesandstretchmarks
    DIARIES, SELF EXPRESSION
  • Garden Bloggers Bloom Day – Jan 2019

    Garden Bloggers Bloom 2019

    Euphorbia rigidaWhen I went out to take the photos for this blog post I was surprised at how much was in flower dotted around the garden. Read more

    The 15 January 2019 by   Patientgardener
    GARDENING, HOME

Magazine