Best Insurance Approved Vehicle Trackers For Businesses
It’s not uncommon for insurance providers to get in touch and offer policies that include trackers. While businesses may focus on how this could lead to lower insurance prices, the truth is there are other benefits to utilising trackers.
(Updated Mon, 20 May 2024)
The best benefits of insurance approved vehicle trackers
1. Lower insurance premiums
This is especially important for fleets, but all businesses should get in touch with insurance providers to see if a tracker would lower your costs.
Vehicle trackers can do more than track your driver’s live location on a map. They can provide you with information about driver behaviour including who is speeding and what trips your drivers have completed.
The data lets insurance companies know the safety levels of your drivers.
iCompario tip:
Before you choose what vehicle tracker you need, make sure to check your insurance policy details. Some providers make it clear that they will offer lower quotes for certain trackers.
2. Better vehicle recovery rate
Getting your company vehicle stolen can mean major profit loss and many drawbacks for every business type and size.
To improve your odds of vehicle recovery, getting a small GPS tracker is an ideal solution. These are harder to find and remove by thieves.
3. Easily check for unauthorised use
Trackers let you know each driver’s journey history. If something isn’t adding up, check the history and you’ll soon know if a driver is using your vehicle for personal journeys.
Can you get an insurance approved vehicle tracker without a subscription?
Subscriptions are common for this service but some providers may differ depending on your policy, so it’s always best to check with them.
How much do insurance approved vehicle trackers cost?
Self-install trackers have a lower upfront cost and often have a lower subscription fee, such as the Radius tracking device which has a £11.50 a month subscription fee.
