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Use GPS Data to Get Custom Telematics Insurance Policies
Create custom commercial auto quotes based on a fleet’s actual activities
Robert is a commercial insurance agent who works with multiple carriers. He recently discovered that telematics is being used by some carriers to rate fleet policies. He understands that fleets are very dynamic and the old approach to rating policies based on historical data has room for improvement.
In fact, he believes that some of his fleets are over paying by as much as…
15% because their rates don’t accurately reflect their individual circumstances.
Robert believes that he could shop a fleet around and get better rates for his clients with telematics insurance policies
By using telematics, he can…
Submit actual usage data
Reports provide true annual miles driven, garaging addresses, as well as operating hours by time of day to ensure that underwriters are basing quotes on the business’s actual driving activity.
Submit individual driver safety metrics
The driver safety scorecard identifies safe and unsafe drivers by looking at aggressive driving and speeding events. This could be used to help the insurer apply different rates to different drivers.
Monitor fleet safety performance
Telematics monitors driver safety during the policy period. This includes speeding, aggressive driving, distracted driving, crash events, and other activities. Robert can use this data to conduct a periodic safety review with his clients to help them keep their premiums low.
Reduce fleet theft risk
After hours use alerts notify fleet managers of potential vehicle and equipment theft. Law enforcement can be guided to the locations of the stolen vehicles and equipment to reduce theft claim amounts.
Eliminate distracted driving
Dash cameras detect instances of cell phone use, eating & drinking, smoking and driver fatigue. Drivers are immediately notified when these events occur and video is sent to the fleet manager for coaching.
Submit your referral today to help your clients improve fleet safety!
Referral Submission Form
