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Lower your insurance rates, lower your fleet costs

By Jack Severson
Western Regional Sales Manager

Companies are always looking for ways to save money, especially when it comes to insuring their fleets. As we all know, insurance is not an option — it’s a requirement. Investing in a GPS fleet and asset tracking system, such as VehiclePath, is a good way to help lower your insurance rates.

According to an article that appeared in the November 2011 issue of Business Fleet magazine, companies are experiencing a savings 15 percent or more on their commercial auto insurance when they integrate a telematics system into their fleet activities.

Business owners and fleet managers have installed our GPS Fleet and Asset Tracking Systems in their service, sales, delivery, trucking, and personal vehicles to manage everything from speeding to driver safety, and unauthorized vehicle usage to vehicle recovery.

In the past, managing a fleet and its workforce was difficult due to employee mobility. With VehiclePath, companies can improve driver performance and productivity by using the robust data available through its SaaS-based technology.

Fleet and asset tracking solutions provide accurate text reports of travel and stop times, locations, speed, and map displays showing routes traveled. The easy-to-read reports and maps provide managers and dispatchers the opportunity to monitor driver and vehicle efficiency and productivity 24 hours a day, 7 days a week, using real-time or historical data. This data, can be supplied to your insurance carrier, which could help lower your costs.

In almost all cases, the return on investment (ROI) from using VehiclePath could be substantial because it allows you to manage driver hours, driver speed, and routes more efficiently. This translates into increasing driver safety. With improved driver behavior, comes insurance discounts — which will go to your bottom line.

In the unfortunate event that one of your vehicles or non-powered assets are stolen, it can be extremely difficult to recover. By not protecting your assets with GPS fleet tracking, you run the risk of lost productivity, plus the added costs of replacement of the asset.
With VehiclePath installed, all you have to do is report its current location of the vehicle or asset to police, and it can be quickly located and recovered.
For more information about the benefits of VehiclePath, contact Jack Severson jseverson@spireon.com

To view the article from Business Fleet, http://www.businessfleet.com/channel/fleet-insurance/article/story/2011/11/telematics-drives-big-savings-on-auto-insurance/page/2.aspx?interstitial=1

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