There are 4 primary ways that GPS tracking from Tracking Systems & EZFleet can lower your insurance cost and none of them involved a reduction in coverage!
- Improving driver behavior contributes to lower premiums. Many accidents are caused by speeding and other reckless driving behaviors. Tracking Systems & EZFleet can monitor speed, hard braking, fast acceleration, hard right and left turns. You can use this information to train your drivers to be more conscious of their driving behavior. Also when your drivers are aware they are being monitored they are less likely to speed and risk an accident.
- GPS tracking increases recovery of stolen goods. Without GPS tracking, it often takes law enforcement weeks to track down a stolen vehicle. Many times the stolen goods are never recovered and in turn your insurance company has to pay out a large claim. With Tracking System’s EZFleet installed, it is highly likely you will recover your vehicle, trailer, equipment, and assets quickly.
- Proper maintenance prevents accidents. If your vehicle has a mechanical malfunction or a tire blowout it is more likely to cause an accident. With GPS tracking, you can be notified when it’s time to perform regular maintenance like oil changes and tire rotations which decreases the chances of your vehicle being involved in an accident.
- Discourage misuse of vehicles. The more your vehicle is on the road the higher the chance of it being involved in an accident. With Tracking Systems and EZFleet’s after hour and landmark alerts you can be made aware and employees are less likely to take the company vehicle out on a joy ride.
Plus, several states have mandated that vehicles with GPS tracking installed receive discounts on their insurance premiums.
Those states include: Illinois, Kentucky, Louisiana, Massachusetts, Minnesota, New Jersey, New Mexico, New York, Pennsylvania, Rhode Island and Texas. Even if you live in a state that is not listed above, you still may be offered a discount for having GPS tracking installed in your fleet! Several Insurance Companies offer discounts of as much as 30%! It only takes a few minutes to call your insurance company to see if they offer a discount. Some of the companies offering discounts include: AAA, AIG, Allstate, ALFA, Farmers, Fireman’s Fund, Geico, Georgia Farm Bureau, Liberty Mutual, Mercury, Nationwide, Progressive, Safeco, USAA and 21st Century.
Tracking Systems’ goal is to help make our client’s lives easier by saving them time and money. If you want to learn more about Tracking Systems’ features and services and how we can help, please don’t hesitate to call us at 845-738-2200.
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