Insurance companies love safe driving. That’s why they offer reduced premiums to drivers who have GPS tracking systems installed in their vehicles. GPS tracking has never been so affordable and accessible. So, whether your business owns just one vehicle, or a whole fleet of vehicles, there’s no reason why you shouldn’t benefit from the cost advantages of GPS tracking. In this article, we will discuss the main reasons why insurance companies offer reduced premiums for vehicles fitted with GPS tracking and explain how you can get started today with Dropapin.
1. Increased Chance of Vehicle Recovery Following Theft
Without a GPS tracking system installed in your vehicle, the police may never recover your stolen vehicle. This is often the case, and insurance companies usually take the hit when they must pay out a large claim. As a result, insurers are happy to offer discounts to drivers with anti-theft devices installed.
2. Improved Driving Behaviours
When drivers know their behaviour is being monitored, they are more likely to drive carefully and within the rules of the road. Therefore, they are less likely to be involved in a road traffic accident and make a claim. GPS tracking software like Dropapin allows key driving data to be collected, including: acceleration, speed, braking and cornering. This gives insurance companies peace of mind knowing they can access this information with ease. Consequently, lower premiums are offered.
3. Reduces the Likelihood of Commercial Being Used as Personal Vehicles
GPS tracking systems discourage employees from driving commercial vehicles for personal use. Obviously, insurance companies know that the less a vehicle is driven, the less likely it is that the vehicle will be involved in an accident. Again, this is another factor which persuades insurance companies to reduce your insurance premiums.
How to Reduce Your Insurance Premiums with Dropapin
Dropapin was built for organisations seeking to track their fleet of commercial vehicles with cloud-based GPS technology. Our software allows you to manage all your assets in one centralised platform, ensuring that your staff are kept safe on the roads. Create an account and start slashing your insurance costs today!
Final Thoughts
Thank you for taking the time to read our article. We hope you now have a better understanding of the reasons why GPS tracking can lower your vehicle insurance premiums. If you have any questions regarding any of the topics discussed in this article, please don’t hesitate to get in touch. A member of our friendly team will always be happy to help.
