Auto Insurance GPS Tracking
Using a car insurance black box or GPS tracker can help you reduce car insurance rates—sometimes up to 30% or more. But what other benefits might you be eligible for if you use a car insurance GPS tracker program?
What benefits do car insurance companies offer if you use a vehicle tracking device?
Check out some of our favorite reasons to use a GPS tracker to reduce car insurance costs:
- Car insurance companies may actually pay for you to install a GPS tracker. Not only will the GPS tracker itself offer benefits, but anything that will reduce car insurance costs sounds pretty great to us!
- Vehicles with a GPS tracker are easier to recover if stolen, which in turn cuts down on the likelihood of a vehicle never being recovered—in which case the car insurance company might have to pay out on a hefty theft claim. No wonder so many car insurance companies offer discounts for drivers with a GPS tracker or anti-theft device.
- Car insurance companies know that when company vehicles are equipped with a GPS tracker, employees are less likely to misuse the vehicle, whether in service of personal use or simply in an unsafe manner.
- Car insurance companies also know that vehicles with a GPS tracker are more likely to get prompt and regular maintenance, which also helps cut down on accidents, thus cutting down on claims.
- Drivers with a GPS tracker on their vehicle are in fewer accidents because they tend to be safer drivers. As a result, car insurance companies know that they will have to pay out fewer claims—by 20 percent or more, in fact.
For instance, Geico offers customers with a GPS tracker up to 25 percent off, Nationwide offers anti-theft discounts (for which some GPS tracker devices are eligible), and 21st Century offers 15 percent discounts. As a result, getting a GPS tracker if you don’t already have one can readily pay for itself.