Many businesses are seeing auto insurance rate increases of up to 25 percent. Is your business one of them? Fleet management systems have the potential to help combat rising insurance rates associated with collisions and the related costs.
How it works
Telematics utilizes a vehicle’s built-in diagnostic software and a simple-to-install GPS tracking device to monitor driver behavior and vehicle location. Through a web-based software program, businesses can monitor the location and movement of vehicles in real-time to improve fleet operation. The system can track a number things, including:
- Speed
- Hard braking
- Swerving
- Rapid acceleration
- Location
- Number of miles driven
- Time of day driven
The benefits of monitoring driver behavior
Fleets that implement telematics can help to reduce accidents and fuel usage; improve vehicle health; optimize driver routes; and much more. Considering a fleet-related loss is approximately $70,000, telematics can even protect a company’s bottom line due to lower accident rates as a result of safer driving behaviors.
Is telematics right for your fleet?
Fleets that are committed to not only monitoring driver data, but taking action based on the results, can benefit from telematics.
Amerisure’s telematics program not only tracks driver data, but our risk management consultants will assist your Fleet Manager in interpreting and developing a safety program based on the results. In fact, policyholders who participate in Amerisure’s telematics program have seen a 30 percent reduction in claims and a 74 percent reduction in losses, on average.
Interested in learning how Amerisure’s telematics solution can help your fleet perform at maximum efficiency? Talk to an Amerisure agency today.
