There’s no end to stories about thieves who trip themselves up and wind up getting caught. There’s even a TV show about them.
This one caught our eye for obvious reasons: On August 10, A man who allegedly robbed a bank in Chesterfield County, South Carolina, picked up his daughter from daycare in his getaway car soon after the heist. He then traded in the vehicle at a local car dealership.
Employees at the dealership thought the man acted suspiciously, so they placed a GPS fleet tracking device in the car he bought from them. The employees notified the police, who were able to track the car in real-time, leading to the suspect’s arrest.
That’s the first time we’ve heard of a trade-out vehicle using GPS fleet tracking to help catch a suspect. But we get plenty of reports from clients who’ve found their stolen or missing car using the technology.
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.
Play it smart. Talk to your insurance agent before you install a GPS fleet tracking system across your fleet. Make sure to ask about even steeper discounts for multiple installations of GPS fleet tracking devices. You and your carrier have nothing to lose and everything to gain – including a better night’s sleep.