3 Ways GPS Tracking Software Can Minimize Insurance Expenses

How GPS Tracking Software Can Reduce Insurance Costs
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How much do you spend on car insurance?

If you manage a courier company, propane delivery service, or any other business that requires you to have a fleet of vehicles, probably quite a lot.

GPS tracking software can reduce your insurance expenses significantly. Read on to find out how…

Keep An Eye On Your Drivers

Vehicle tracking shows you where your drivers are in real-time. Whenever you want, you can check in on a driver to make sure they’re sticking to their route and staying on schedule.

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Recover Stolen Property

Once a vehicle is stolen, it’s usually as good as gone.

How much would a stolen vehicle cost you? $10,000? $20,000? More?

Remember, when a vehicle is stolen, the cargo inside it is also stolen. The FBI estimates that US businesses lose $30 billion every year to cargo theft.

GPS tracking software makes it possible to recover stolen vehicles, so you can avoid these enormous expenses.

Keep Your Drivers On Schedule

The Big Picture

Wait, what does any of this have to do with insurance?

Well, insurance is essentially a gamble between you and the insurance provider. The fewer claims you make, the more money they make. If it seems unlikely that you’ll need to make a claim, they won’t charge you as much in deductibles and premiums.

Speeding puts your drivers at greater risk of getting into an accident. Vehicle tracking helps prevent your drivers from speeding.

That’s because, in addition to showing you where your driver are, GPS tracking software shows you how fast they’re going. You can give this data to your insurance provider to prove your employees are driving safely. Also, your employees are less likely to drive recklessly in the first place when they know they’re being watched.

Having a chance to recover stolen vehicles makes you a better bet for insurance providers as well.

Do you have any questions about GPS tracking? Let us know in the comments section below.

Route4Me

Want To See For Yourself How Route4Me Can Boost Your Profits?

Whether you want to slash the time it takes you to plan routes for your drivers, increase the number of stops they can make, or keep your customers satisfied knowing that your drivers show up on time… Route4Me helps you achieve that!

Start Free 7 Day Trial

About author: Rahul Dasgupta

Rahul Dasgupta is a content writer with over 20 years of work experience. He holds a master’s degree in computer science and has written thousands of blog posts on route planning and scheduling, making it easy for readers to learn about these complex topics. Rahul enjoys playing tennis in his spare time and loves cuddling with his pet labrador Shinu. Rahul is a big fan of Roger Federer, Messi, and Bill Gates - he admires their drive to be the best at what they do and their philanthropic efforts.

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About Route4Me

Route4Me has over 40,000 customers globally. Route4Me's Android and iPhone mobile apps have been downloaded over 2 million times since 2009. Extremely easy-to-use, Route4Me's apps create optimized routes, synchronize routes to mobile devices, enable communication with drivers and customers, offer turn-by-turn directions, delivery confirmation, and more. Behind the scenes, Route4Me's operational optimization platform combines high-performance algorithms with data science, machine learning, and big data to plan, optimize, and analyze routes of almost any size in real-time.