The Telematics Top Ten

Unpacking telematics.

With the cost of living at a high, not to mention the cost of owning and running a vehicle, people are increasingly looking for areas where they can save – and car insurance is normally the first port of call!

By now, you should hopefully have a better understanding of what telematics is, but if you missed our previous blog on this topic, it boils down to the monitoring of driver behaviour.

The concept is especially attractive to those drivers who are usually safety conscious, as they will benefit from lower insurance premiums, but aside from cheaper car insurance, there are a whole lot of other benefits worth bearing in mind if you’re still weighing up the pros and cons of telematics.

The benefits of telematics:

1. GPS anti-theft systems: Insurance companies are increasingly insisting on GPS tracking devices being installed in high-end cars as a way to reduce car theft and increase recovery of stolen vehicles.
2. Crash data reports: GPS reports can provide insurers and vehicle owners with a better idea of what caused an accident. This could work in your favour when it comes to a “he said, she said” situation.
3. Incentives for high-risk drivers: Young drivers aged 18-25 pay higher premiums than more mature drivers because they are more frequently involved in accidents. By installing a telematics device you can prove you’re more careful than the average, which could lead to lower premiums.
4. Road safety: Identifying poor driving habits has been proved to result in an improvement in road safety and a reduction in risk.
5. Vehicle Tracking: Telematics monitors the location, movements, status and behaviour of a vehicle or fleet of vehicles.
6. Satellite navigation: Satellite navigation helps you to pinpoint your position, plan your route and makes navigating a journey so much easier.
7. Vehicle safety communications: This shares information about such things as road hazards and the locations and speeds of vehicles etc.
8. Emergency assistance: In the event of an accident, telematics will alert emergency services and dispatch them to the scene.
9. Fleet management: Telematics can assist with vehicle and fuel management as well as providing tracking and diagnostics.
10. Health and safety: Driver management and keeping track of hours of service, time spent driving etc. becomes so much easier with telematics.

This list is by no means complete, but one thing’s for sure, if you’re interested in telematics, it’s worth looking in to! Give us a call today to find out more.