Insurance Cost Reduction
Overview
Lower fleet insurance premiums by providing insurers with verified safety data — driver scores, incident rates, dashcam footage, and IVMS compliance records. Telematics data turns safety investment into measurable insurance savings.
Challenges
- Fleet insurance premiums rise annually without safety data to negotiate
- Insurers offer discounts but require verified telematics evidence
- Accident frequency drives costs but root causes are unclear
- Claims disputes drag on without objective incident data
Benefits
- Verified driver safety reports for insurance negotiations
- Dash cam footage eliminates false claims instantly
- Risk reduction trends documented over time for premium reviews
- IVMS compliance data satisfies regulatory insurance requirements
Business Impact
- 15-25%
- Reduction in annual insurance premiums
- 40%
- Fewer at-fault claims with video evidence
- < 12 months
- Time to achieve premium reduction
Figures are typical results reported across fleet deployments and industry sources. Actual outcomes depend on fleet size, operating conditions and how the system is used.
Applies to
Recommended Products
FMC650
FMC650 is a direct successor to 4G PROFESSIONAL device FMC640. FMC650 has 4G LTE Cat 1 network coverage including 2G (GSM) fallback compatibility
- SCALABLE PROJECTS WITH EXTERNAL DEVICES — Integrate external sensors, RFID readers, thermographs, and other devices at any stage of the project to provide full context on cargo, driver, and fuel status
- FULL VISIBILITY INTO MACHINERY OPERATIONS — Collect CAN data to monitor key parameters specific to agricultural, marine, and heavy machinery, making all component use traceable and measurable
- SMART TACHOGRAPH DATA MANAGEMENT — Download tachograph files remotely and manage driver activity with real-time counter data via K-line, Tacho CAN, or FMS
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FMB120
FMB120 is 2G car tracker with extensive remote monitoring possibilities. Perfect for rental, taxi & logistics companies, public transport and personal cars.
- Extensive remote monitoring possibilities — Blocking engine remotely among the numerous available fleet control measures
- Eco driving scenario for all-round better driving — Achieve efficient fuel consumption, prolong vehicle life and increase road safety with eco driving scenario
- Extended product usage scenarios — Bluetooth® LE-based wireless connection of external devices, including Low Energy beacons and sensors to monitor temperature, humidity, magnet detection, and movement
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IPTrack
IPTrack is a platform for fleet digitalization, designed to streamline operations and enhance efficiency for various fleets — from cars and trucks to heavy vehicles and machinery. With IPTrack you get a clear view of your fleet’s every move, putting you in control to confidently manage your business with data-driven insights that help boost profits and reduce costs.
- Go paperless and streamline routine fleet management processes
- Automate operational flow for increased efficiency
- Reduce downtime and extend the lifespan of vehicles and machinery
IPTech
