{"id":228715,"date":"2022-09-15T09:48:53","date_gmt":"2022-09-15T09:48:53","guid":{"rendered":"https:\/\/zenduit.com\/?p=228715"},"modified":"2022-09-18T14:49:19","modified_gmt":"2022-09-18T14:49:19","slug":"how-to-drive-down-fleet-insurance-with-telematics","status":"publish","type":"post","link":"https:\/\/apps7.devmaverick.com\/newzenduit\/how-to-drive-down-fleet-insurance-with-telematics\/","title":{"rendered":"How to Drive Down Fleet Insurance with Telematics"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Fleet operators are well aware of the need for fleet insurance, and equally aware of the massive expense it represents.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Fleet insurance premiums are among the biggest expenditures trucking companies have to account for in their operations, sometimes totaling<\/span><a href=\"https:\/\/injurylawyerofedmonton.com\/how-much-is-commercial-truck-insurance-cost-in-canada\/\"> <span style=\"font-weight: 400\">as much as $10,000<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The good news is that data-rich telematics can help your fleet find insurance rates that are transparent, equitable, and might even save your organization money in the short and long-term.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Explaining Telematics<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Fleet telematics is a type of technology used for monitoring mobile vehicles over long distances. Many fleet-based companies use it to keep tabs on vehicle location, driving behaviour, and road conditions.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This data is collected and transmitted back to a central cloud-based system where it can be acquired, analyzed and used to improve operations. <\/span><\/p>\n<p><span style=\"font-weight: 400\">In short, telematics provides fleet managers with a real-time window into how their fleet is performing.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">How Telematics Can Help Lower Your Fleet Insurance Costs<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Because of the data offered by telematics, it\u2019s not a stretch to consider how it might be applied to your fleet insurance premiums. <\/span><\/p>\n<p><span style=\"font-weight: 400\">The following are just some of the ways that implementing a telematics system can help you save on premiums.<\/span><\/p>\n<h3><span style=\"font-weight: 400\">Fewer Accidents<\/span><\/h3>\n<p><span style=\"font-weight: 400\">Thanks to its diagnostic abilities and comprehensive analytics systems, telematics can identify, correct and prevent issues with your vehicles before they become full-blown problems. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Telematics can also help you create regular, preventative maintenance schedules to keep your fleet safer on the road.<\/span><\/p>\n<p><span style=\"font-weight: 400\">When connected to a dash cam system, telematics can also identify risky driving behaviours, such as rapid acceleration, harsh braking, or distracted driving.<\/span><\/p>\n<p><span style=\"font-weight: 400\">These events can trigger an alert to both the driver and the fleet manager, so that corrective measures can be taken in real-time.<\/span><\/p>\n<h3><span style=\"font-weight: 400\">More Insight for Customized Fleet Insurance<\/span><\/h3>\n<p><span style=\"font-weight: 400\">Increasingly, fleet companies are asking for insurance packages <\/span><a href=\"https:\/\/www.insurancejournal.com\/magazines\/mag-features\/2022\/03\/07\/656824.htm\"><span style=\"font-weight: 400\">tailored to their specific needs<\/span><\/a><span style=\"font-weight: 400\">, specifically when they have access to telematics-based data that can prove, without a doubt, how often their vehicles are on the road.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Usage-based (or \u201cpay-as-you-drive\u201d) fleet insurance rates are based on how much a vehicle is driven. The logic behind it is that the less a car is on the road, the less likely it is to be involved in an accident. <\/span><\/p>\n<p><span style=\"font-weight: 400\">More often than not, this is how insurance companies charge their clients for premiums.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Telematics systems can provide opportunities for more intuitive, individualized fleet insurance policies that could save fleets money in the long run by proving they are low-risk.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">With the increasing adoption of telematics solutions in fleets, it is possible that insurance companies will do away with generic, one-size-fits-all policies in the very near future.<\/span><\/p>\n<h3><span style=\"font-weight: 400\">Discounts for Good Drivers<\/span><\/h3>\n<p><span style=\"font-weight: 400\">A <\/span><a href=\"https:\/\/www.lowestrates.ca\/resource-centre\/auto-insurance\/12-auto-insurance-discounts-you-should-know-about\"><span style=\"font-weight: 400\">telematics-based insurance solution<\/span><\/a><span style=\"font-weight: 400\"> can help lower your fleet insurance costs by qualifying your drivers for discounts. Many insurers offer lower rates to fleets that can prove their drivers are safe and responsible on the road.<\/span><\/p>\n<p><span style=\"font-weight: 400\">By monitoring factors such as speeding, harsh braking, rapid acceleration and more, drivers who avoid these risky behaviours can be flagged as safe and may qualify for lower insurance rates.<\/span><\/p>\n<h3><span style=\"font-weight: 400\">More Context<\/span><\/h3>\n<p><span style=\"font-weight: 400\">Hearing a driver&#8217;s first-hand account of an accident is one thing, but having a combination of video footage and telematics data can drastically change the outcome. This is where telematics systems can really help to lower insurance costs.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In the event of an accident, a telematics system can provide detailed data that can help to prove what really happened. <\/span><\/p>\n<p><span style=\"font-weight: 400\">This data can be used to support a driver&#8217;s account of events, potentially exonerate them, and keep your insurance premiums from skyrocketing.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400\">The Bottom Line<\/span><\/h2>\n<p><span style=\"font-weight: 400\">From reducing accidents to providing detailed data in the event of a claim, telematics technology can be a valuable asset for any fleet.<\/span><\/p>\n<p><a href=\"https:\/\/apps7.devmaverick.com\/newzenduit\/contact\/\"><span style=\"font-weight: 400\">Contact us<\/span><\/a><span style=\"font-weight: 400\"> at ZenduiT, ask about our telematics solutions and how they can help keep your fleet insurance premiums at bay.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fleet insurance premiums are among the biggest expenditures trucking companies have to account for in their operations, sometimes totaling as much as $10,000.<\/p>\n<p>The good news is that data-rich telematics can help your fleet find insurance rates that are transparent, equitable, and might even save your organization money in the short and long-term.<\/p>\n","protected":false},"author":305,"featured_media":228718,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[180,185],"tags":[109,127,819,827,828,829],"class_list":["post-228715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-integrated-telematics-solutions","tag-insurance","tag-telematics","tag-fleet-insurance","tag-insurance-premiums","tag-dash-cams","tag-video-fottage"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How to Drive Down Fleet Insurance with Telematics - ZenduIT<\/title>\n<meta name=\"description\" content=\"Fleet insurance rates can be driven down with data-rich insights derived from an integrated telematics system. 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