The GPS tracker for vehicles has evolved into an essential component of corporate vehicles. The good news is that today’s technologies for tracking are inexpensive and simple to install, which makes it simpler for small-scale businesses to set up an effective tracking system. Here are a few benefits GPS tracking provides:

Reduce unauthorized vehicle use
Reduce and control the cost of fuel
You can easily manage, organize, and optimize stops on your route (job delivery, job, etc.)
Monitor the activity of the fleet for back-office dispatchers
Increase security of vehicles (or recovering stolen vehicles)
Automated reporting of mileage, the hours of operation, driving hours, as well as the time spent at the work location

Five reason why the companies of insurance are enthralled by GPS tracking

As well as improving the efficiency of your company with the tools to maintain your vehicle and driver control Fleet GPS tracking can also help to prevent theft of fleet vehicles. Another advantage of GPS tracking is that when your drivers are aware of the GPS tracking devices installed on your vehicles, research shows that they behave more safely. The tools for maintenance of vehicles which come with GPS tracking will help you ensure that your fleet is efficient and safe on the roads in addition. Insurance companies offer discounts to fleet managers who utilize GPS tracking devices on their vehicles to help with these issues. Major insurers often offer discounts as high as 30% off insurance costs for businesses who implement tracking systems.

Certain insurers might even pay for the installation of GPS tracking technologies for your fleet. To understand the context and find out why insurers are interested in GPS tracking, take a look at these five benefits GPS tracking reduces the cost of commercial auto insurance:

1. The use of GPS reduces the risk of having claims resulting from theft of vehicles

Incorporating an insurance approved tracker for tracking fleets will increase the chance of regaining your vehicle in the event of theft. By taking this extra security measure against theft can reduce your insurance costs.

The majority of drivers use GPS that is Global Positioning System, to be directed from one location to another where they need to go. Commercial tracking GPS in addition to providing navigational capability, also permits companies to monitor their fleet and then send the information to an online tracking portal in real-time. When your vehicle is outfitted with a telematics system that has GPS tracking, these fleet vehicles are easily monitored in the event of theft, enhancing the efficiency and speed of recovering vehicles that have been stolen. Without GPS tracking, it may take police weeks to track for stolen vehicles. In most instances, the vehicle is not found which is why the company has to pay for a substantial claim. This is the reason why many insurance companies offer discounts for anti-theft devices. The ability of businesses to deter theft and retrieve stolen vehicles will lower the cost of insurance.

2. The use of GPS tracking tools in your vehicle results in better driving behaviour

Drivers who are aware that they’re closely monitored by GPS tracking devices are more secure drivers. The data from your fleet of vehicles about speeding, fast acceleration, brutal braking and sharp turns are transmitted to insurance companies. This information to train your drivers to be safer in their behaviours for driving. This can lower the cost of insurance while simultaneously decreasing the cost of fuel. According to Forbes reports, those insured by GPS tracking their vehicles are in less accidents, which is a reduction of 20 percent in some calculations.

The ability to equip your cars with GPS devices will increase safety of drivers, enhance the driving habits of your drivers, and lower the costs of insurance in the process.

3. The GPS tracking of your vehicles deters use of your trucks’ fleet

The use of the GPS tracking device can also deter employees from making use of company vehicles for personal use. If they know that their vehicle or truck is being watched for its location and the miles traveled by the driver, they will be more careful regarding where and when they use in the vehicle of their employer. Insurance companies know that the more frequently a vehicle drives, the greater the chance of having any kind of accident. This benefit of GPS utilization lowers the cost of insurance and fuel costs.

4. GPS tracking tools help in ensuring prompt and efficient maintenance of vehicles.

With GPS tracking, you can monitor regular maintenance of fleet vehicles using an application called Service Report. Maintenance of cars is predicted using this technology, which provides the fleet manager with an extra maintenance tool. A vehicle that has an issue with a tire or mechanical issue tends to result in an accident. GPS tracking can send real-time notifications when maintenance is needed, helping to avoid these types of events. When you use Service Report, your phone is notified by text message that tells you that it’s time for regular maintenance on your vehicle, such as maintenance on tires and oil.

For businesses with larger fleets it is possible to receive notice that you have a number of trucks in need of maintenance within 30 days. Your fleet will be more manageable thanks to the quality control information that is provided by the GPS telematics system.

Any vehicle that is monitored in real-time is much more secured. By taking this proactive step, you can lower your insurance costs for all your fleets. Numerous insurance companies offer discounted plans to businesses who use the telematics technology to track vehicles and it’s beneficial both for the company and the insurance company. Additionally numerous vehicles tracking systems can secure car and truck doors. They can also turn off the starter, and many other security options. All this is accessible from any mobile phone or laptop computer that has internet access. The management of your fleet becomes much easier for you and your staff by having GPS systems in place.

5. With GPS tracking your vehicle, it is less likely to suffer accidents. Insurance companies understand this

Another benefit of GPS tracking is the reduction in the chance of accidents. When you keep track of how users use your vehicle, they are less likely to take the vehicle on private trips. They are also more likely to be careful when it comes to mileage and avoid driving away from the most convenient route. Insurance companies know that the more frequently a car gets driven greater likelihood of any kind of collision. This means that you can reduce your cost of insurance by reducing unnecessary miles as well as personal miles of your employees. This will result in greater overall annual savings to your bottom line and can lead to higher earnings.
With GPS installed, you can keep track of your fleet on the road using smartphones.

Include this GPS-based technology from a tracker for fleets to the fleet card you have purchased and you’ll have everything that you require to effectively manage your fleet. This is possible to do it while driving. Fleet telematics works with tracking devices to collect information including everything from location of the vehicle to speed driven, as well as driver stops can be monitored using this easy and quickly installed device. If you’re connected to the internet accessible, you are able to monitor all of your fleet vehicles from your phone or computer. Also your company will be able to see where vehicles are located and observe the activities of drivers in real-time all day or night.