Monday, October 31, 2011

Use your insurance discounts to pay for your GPS Tracking System

With GPS fleet tracking, the ability to instantly locate all of your fleet vehicles isn’t the only benefit you’ll enjoy. You’ll also qualify for an insurance discount for each vehicle in the fleet, depending on your carrier and state. In some cases, the discount can substantial, up to 33%. Discounts vary by state, but those insurance carriers and their approximate discounts are:
AAA Insurance: up to 18%
AIG Insurance: up to 15%
Allstate Insurance (CA, TX, NY, FL)
ALFA Insurance (AL): up to 10%
Farmers Insurance: up to 15%
Fireman’s Fund: up to 5%
Geico: up to 10%
Georgia Farm Bureau Insurance (GA): up to 15%
Mutual: up to 25%
Mercury Insurance: up to 30%
Nationwide Insurance (CA): up to 10%
Progressive Insurance: up to 15%
Safeco Insurance: up to 10%
USAA Insurance: up to 33%
21st Century Insurance: up to 15%
Some states mandate an insurance discount for vehicles equipped with GPS fleet tracking devices. According to the National Association of Insurance Commissioners, those states are:
Florida
Illinois
Kentucky
Louisiana
Massachusetts
Minnesota
New Jersey
New Mexico
New York
Pennsylvania
Rhode Island
Texas
It makes good sense for an insurance carrier to offer lower premiums on vehicles with GPS fleet tracking units installed. The devices greatly increase the odds that a lost or stolen vehicle will be recovered, thus saving the carrier significant sums of money for replacing or repairing those vehicles.
Because you’ll be able to see where each vehicle is in real time on a familiar Google Map, you’ll know immediately if one is somewhere it’s not supposed to be. You even can be alerted by text message or email if a vehicle strays outside a predetermined polyfence you create on your PC. At the very least, you’ll know the last place a vehicle was tracked by GPS if it is stolen.

2 comments:

  1. Very good insight. Thanks. we pay insurance bill a lot. And I think for better and safe driving GPS tracking device is a must. Now I am using a geotab from gofleet. https://www.gofleet.com/product/gps-vehicle-tracking-device
    Thinking to buy another one. Are you avilable in US?

    ReplyDelete
  2. Very good insight. Thanks. we pay insurance bill a lot. And I think for better and safe driving GPS tracking device is a must. Now I am using a geotab from gofleet. https://www.gofleet.com/product/gps-vehicle-tracking-device
    Thinking to buy another one. Are you avilable in US?

    ReplyDelete