Telematics isn’t a new idea, however, it is something that is seeing a resurgence in popularity at the moment. The main reason for this is that people are looking for ways to save money and increase their carbon footprint, particularly in their driving habits.
Telematics insurance is great for private drivers, but telematics can also be beneficial to fleet management too.
The idea behind telematics insurance is that it rewards good drivers. The insurance provider will fit a device into your car that will assess and measure the way that you drive.
This device means that you can prove that you are a good drive, and your premiums will be based on what the results show.
Telematics insurance is ideal for people who are feeling a little irritated at the fact they have to pay a high premium, despite being a safe driver!
In fact, not only do you get the satisfaction that you are showing off how well you can drive, but you can save money too.
A recent news story showcased just how much money you can save by opting for telematics insurance. This particular case was that of an 18 year, newly qualified driver, someone who would normally need to pay high levels of insurance premiums. She opted for telematics insurance and found that she reduced her premiums by £640 that is a pretty impressive saving!
Telematics take a slightly different approach when it comes to fleet management. It allows the fleet manager to monitor their team of drivers whilst they are out and about. It can look at movements, location and the behaviour of those driving. It knows when a vehicle is idling and the speed that it is travelling at. All useful things for a fleet manager to know.
Whilst telematics can save private drivers money, it has a whole host of other benefits for fleet management companies.
- Increased levels of productivity
- Reduced costs in labour
- A greater level of control on fuel costs
- Improved customer service
- Increased safety and security for the fleet
- Reduced operational expenses
- A green and more eco aware approach
- A reduction on the levels of unauthorised vehicle use
All of these things are key for fleet managers to consider, and could have a big impact on their business as a whole. Saving money and time, as well as giving their customers a much better level of service.
No matter which way you look at it, telematics is a great thing. Whilst some may see it as a “big brother” piece of technology, for those that are driving well, and driving safely, it should be seen more as a chance to show that you deserve to save yourself some money.
If you’d like to know more about how telematics works, don’t miss our article what’s telematics vehicle tracking.