As a fleet manager, you\u2019re always looking to support your bottom line. This means keeping
\ncosts down while increasing revenue as much as possible. So you know how much insurance
\npremiums can eat into your bottom line.<\/p>\n
While insurance is an unavoidable cost, there are steps you can take to reduce premiums and
\nsave money. One of the easiest ways to reduce insurance premiums to install GPS tracking
\ndevices across your fleet.<\/p>\n
<\/p>\n
Yes, that\u2019s right. You can pay less for the same coverage by simply installing GPS fleet tracking.
\nWhy Do Insurance Companies Offer Reduced Premiums for GPS Fleet Tracking?<\/p>\n
The simple answer is that insurance companies know that there\u2019s a smaller risk they\u2019ll have to
\npay out if your fleet uses GPS fleet tracking.<\/p>\n
This is because GPS fleet tracking increases safety, reduces driver accidents, reduces the
\nchances of missed maintenance checkups, provides valuable information for liability claims, and
\nincreases the chance of vehicle recovery after theft.
\nCompanies that use GPS fleet trackers are at lower risk, therefore, they pay less for the same
\ncoverage.<\/p>\n
How Are Insurance Premiums Calculated?<\/p>\n
Fleet insurance is calculated based on the following factors:<\/p>\n
\u25cf Location: Insurance premiums may vary depending on what state your drivers work in
\nand whether they drive in the city or out in the country. For example, insurance
\npremiums are higher for city drivers than for rural drivers.<\/p>\n
\u25cf Ownership: Companies that own vehicles rather than lease or rent them usually pay
\nlower premiums. There are additional risks when insuring rented or leased vehicles.<\/p>\n
\u25cf Driving habits: A history of drivers with good driving habits and on-the-road behavior
\ncan help reduce insurance premiums, while risky drivers who have gotten into accidents
\ncan increase them.<\/p>\n
\u25cf Anti-theft devices: If your vehicles have alarms, locks, and other anti-theft devices, you
\ncan expect lower premiums because there\u2019s a smaller chance these vehicles will be
\nstolen or broken into.<\/p>\n
\u25cf Vehicle types: The kinds of vehicles in your fleet will also affect insurance costs. The
\nvalue of the vehicle along with the safety rating of the vehicle will affect how much you
\npay for insurance.<\/p>\n
How GPS Trackers Can Help<\/p>\n
\u25cf Theft recovery: GPS trackers increase the chance that a vehicle will be recovered after
\nit\u2019s stolen, giving it a smaller risk of theft.<\/p>\n
\u25cf Driving habits: GPS trackers allow fleet managers to monitor driver behavior and
\naddress any risky behaviors as they arise. Also, if there\u2019s an incident, your company can
\nprovide exact data on how the driver was behaving on the road at the time of the
\naccident.<\/p>\n
\u25cf Establish fault: With the data from GPS trackers, you can easily establish fault at the
\nmoment of the accident. So if your drivers are practicing good driving habits, it will
\nusually be other drivers who are at fault.<\/p>\n
\u25cf Maintenance: GPS trackers can alert you when vehicles are due for maintenance, so
\nyou never miss a checkup again.<\/p>\n
LiveViewGPS has a large collection of GPS tracking solutions for fleets, individuals, teen and
\nelderly tracking and more.\u00a0 Visit us online at https:\/\/www.liveviewgps.com<\/p>\n","protected":false},"excerpt":{"rendered":"
As a fleet manager, you\u2019re always looking to support your bottom line. This means keeping costs down while increasing revenue as much as possible. So you know how much insurance premiums can eat into your bottom line. While insurance is an unavoidable cost, there are steps you can take to reduce premiums and save money. […]<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_focus_keyword":"","rank_math_description":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[],"class_list":["post-7171","post","type-post","status-publish","format-standard","hentry","category-applications"],"yoast_head":"\n