When it comes to reducing fleet car insurance costs, vehicle trackers have gained attention as potential tools to assist insurers and fleet operators alike. Although tracking alone does not always reduce insurance premiums on fleets of vehicles, this article will explore how vehicle trackers can play a crucial role in improving the claims process. By focusing on their ability to provide valuable data for claim verification, we can delve into the correlation between vehicle trackers, dash cams, and the reliability they bring to the table in proving drivers’ innocence.
Vehicle Trackers and Claims Support
One of the most significant benefits of using vehicle trackers is their potential to aid insurance claims. By continuously monitoring the vehicle’s movements and location, these GPS tracking devices can provide crucial data in the event of an accident or theft. Insurance companies can use this data to verify the accuracy of the claim and assess liability more efficiently.
For instance, if an incident occurs, the vehicle tracker can help establish whether the insured vehicle was present at the scene. This can be particularly beneficial in situations where there might be conflicting accounts of the event. By providing concrete evidence, vehicle trackers can expedite the claims process and lead to fairer outcomes for both insurers and policyholders. For businesses looking to reduce the risk of expensive and long-winded claims processes around their fleet, GPS vehicle trackers are therefore a valuable tool. Moreover, vehicle tracking can significantly enhance customer service by providing accurate delivery times and improving response efficiency to service requests.
Knock-On Effect on Insurance
While vehicle trackers themselves may not directly reduce insurance premiums, their impact on claims management and the added support from dash cams can have a positive knock-on effect on insurance costs. By facilitating quicker and more accurate claim verification, these technologies can help insurers manage claims more efficiently, potentially reducing overall claim payouts.
Moreover, with fewer instances of fraudulent claims and a more reliable means of assessing liability, insurance companies can better maintain the balance between risk and premiums. This, in turn, can contribute to a stable insurance market and potentially lead to more competitive pricing for policyholders.
Proving drivers’ innocence with dash cams
As an industry-leading GPS tracking solution provider, Crystal Ball recommends that companies operating a fleet of vehicles consider integrating 4G fleet dashboard cameras as part of their security and safety systems.
Dash cams serve a number of great benefits such as encouraging safer driving, collecting useful data, and reducing liability. Drivers using a dash cam are shown to be 33% safer behind the wheel.
Crucially, dash cams can resolve disputes and prove your fleet drivers’ innocence after an accident. It’s an unfortunate reality that accident-related insurance claims often involve blame-throwing and false allegations of liability.
Dash cam footage is often the ‘Exhibit A’ that eliminates false accusations of blame and shows incontestably what occurred. Insurers appreciate how the technology benefits their investigation and claim assessment process. They may well offer reduced premiums to insured parties who use dash cams.
It’s vital that dash cams are correctly placed so that they don’t obscure the driver’s view. Cases have been thrown out of court because the dash cam was illegally positioned. It’s recommended that the dash camera be placed in the centre at the bottom of the windshield or behind the rearview mirror to avoid obstructing the driver’s view.
Conclusion
Crystal Ball offers industry-leading vehicle tracking and dash cam solutions that can save money on insurance and optimise fleet management overall. If you are a fleet operator, don’t hesitate to contact the Crystal Ball team to discuss how we can streamline and future-proof your fleet tracking for you.