Fleet Tracking
Additional Add-on Services
Sep 20, 2023
Managing the insurance costs for a company's fleet can be a significant concern for many businesses.
High insurance premiums can heavily impact profitability, and with more variables in play, company car insurance is often higher than personal insurance. Luckily, businesses have a valuable ally in their quest to reduce these costs - technology.
At Fleetsmart, we’re a leading provider of telematics tracking solutions, dash cams, and remote immobilisers. We offer solutions that not only improve the safety of fleet vehicles but can also contribute to reducing insurance premiums.
Telematics systems, like those offered by Fleetsmart, can be instrumental in reducing company car insurance premiums. These systems provide real-time data about the vehicle and driver behaviour, allowing for improved risk management.
By monitoring data such as speed, acceleration, braking, and location, telematics can identify risky driving behaviours, enabling managers to intervene and correct these behaviours. Many insurance companies recognize the risk-mitigating potential of telematics and offer lower premiums for fleets that use these systems.
Furthermore, the predictive maintenance alerts provided by telematics can prevent breakdowns and accidents due to vehicle health issues. This proactive maintenance can reduce claims and, as a result, lower your insurance premiums.
Remote immobilisers allow fleet managers to disable a vehicle's engine remotely, which can be particularly beneficial in the event of theft. This feature, available from Fleetsmart, provides an extra layer of security and can increase the chances of vehicle recovery.
Lowering the risk of theft can have a direct impact on insurance premiums, as it reduces the likelihood of costly claims. In fact, many insurance providers offer discounts to fleets that have theft prevention systems like remote immobilisers in place.
Dash cams provide an unbiased account of incidents on the road, which can be beneficial in the event of an accident or dispute. They can serve as reliable evidence, protecting your company from fraudulent claims which could otherwise increase your insurance costs.
Dash cams provided by Fleetsmart can also aid in driver coaching by providing real footage of their driving behaviour. By utilising this tool for driver training, companies can foster safer driving habits, reducing the likelihood of accidents and subsequent claims.
Aside from the technology, another significant factor that insurance companies take into account is driver behaviour and training. By providing regular driver training and promoting a culture of safe driving within the company, the risk of accidents can be significantly reduced.
Telematics and dash cams from Fleetsmart can be used effectively in such training programs, leading to safer driving habits and reduced insurance premiums.
It’s proven that Telematics can help boost productivity, employee efficiency and fleet operations as a whole; all the while reducing detention, idling, hazardous driver behaviour, fuel consumption and vehicle maintenance costs.
Fleetsmart offer a range of the latest Telematics technology at extremely cost effective prices with scalable options starting from just £6.95 per vehicle per month. With a clear multitude of performance enhancing and money saving reasons to implement telematics to your vehicles, now might be the time to upgrade your fleet.