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Telematics Insurance Benefits For Drivers And Fleet Managers

In today’s insurance landscape, vehicle telematics is gaining traction as a valuable tool for drivers and fleet managers alike, offering enhanced safety measures and potential cost savings. In this blog post we will telematics insurance benefits for drivers and fleet managers.

telematics insurance benefits

What Is Telematics?

Telematics devices make use of GPS and onboard diagnostics (OBD) to track a vehicle’s movement and collect essential data such as speed, journey details, braking patterns, fuel usage, battery voltage, and vehicle faults. This method allows for efficient monitoring of a vehicle’s health, enabling timely maintenance to prevent potential accidents and facilitating better oversight of driver behavior.

The primary aim of telematics devices is to identify issues impacting efficiency, safety, and expenditure. For fleets, this translates into significant cost-saving advantages by preemptively addressing potential problems.

Understanding Telematics Insurance

Insurance Telematics-based insurance employs data gathered by these devices to evaluate drivers’ risk levels. Performance indicators derived from telematics data help insurance companies assess driving habits, highlighting both areas of concern and commendable safe driving practices. This data aids insurers in determining fair insurance costs based on individual driving behavior.

Benefits of Telematics for Insurance

While some drivers may perceive telematics as intrusive surveillance, it offers a multitude of advantages for fleet drivers, managers, and insurance companies.

Benefits For Drivers

Telematics simplifies journey planning and vehicle maintenance for drivers. Regarding insurance, it promotes safer driving habits, contributing to overall road safety. In case of accidents, the data collected can offer insights into the incident’s cause and nature. A positive track record on telematics devices can also bolster career advancement by fostering trust and credibility.

Benefits for Fleet Managers

Fleet managers benefit from a wealth of data that aids in prompt issue resolution, encourages efficient journeys, and saves costs. In the insurance realm, telematics enables identification of efficient and safe drivers while highlighting areas for improvement. Companies with a team of drivers adhering to safety standards may enjoy reduced insurance premiums.

Benefits for Insurers

Telematics-based insurance empowers insurers by providing a clearer understanding of the insured driver’s risk profile. Data collected reveals driving habits, including speed and braking tendencies, painting a comprehensive picture of driving behavior. This information assists insurers in assessing the likelihood of accidents or damages, influencing insurance premium decisions accordingly.

In essence, telematics integration into insurance processes not only enhances safety measures but can also contribute to substantial cost efficiencies for drivers, fleet managers, and insurers alike.

Telematics From Fuelwise

Fuelwise is the leading provider of GPS Vehicle Tracking in Ireland. We provide a range of fuel and fleet management solutions, including Telematics, designed to increase productivity plus more importantly save you time and money. Learn more about our Telematics products below.

Kinesis Telematics

Kinesis Telematics is the perfect Vehicle Tracking device for business vehicles of all shapes and sizes. With powerful insight and data into a range of fleet metrics from driver behaviour to vehicle performance, it provides a platform to help you enhance your business, increase security, improve productivity and reduce your fleet costs. Available on both Desktop and Mobile, Kinesis Telematics is packed with features to improve efficiency and reduce costs.

Learn more about Kinesis and the different features available.

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ATOM GPS Vehicle Tracker

The ATOM GPS Vehicle Tracker provides access to an intuitive and easy-to-use GPS telematics system. Installation doesn’t require any extensive training or technical knowledge, which eliminates vehicle down-time, enabling the device to be moved from one vehicle to another with ease.

Learn more about the ATOM GPS Vehicle Tracker and what it has to offer.

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Telematics Demo

We understand that acquiring Telematics for your fleet is a big decision that takes a lot of consideration. It’s important you see the system to ensure it caters for all your requirements.

With this in mind, we offer a free 30 minute demo of our system to give you an understand of how it works plus to discover how it can be applied to your fleet.

To arrange your demo complete the form below and once received a member of our team will be in contact.

    Name

    Phone Number

    Email

    Company

    Why our customers choose Fuelwise
    VES Transport

    VES Transport

    “I have been using Fuelwise fuel cards for many years and both the product and level of service is exceptional. To manage my business daily I use Velocity to monitor fuel spend and transactions and e-Route helps my drivers find any of the thousands of sites available with the Fuelwise fuel card. My Account Manager is always on hand to help and goes the extra mile to ensure everything is running smoothly”.

    MDE Installations

    MDE Installations

    “Fuelwise is very customer focused and were able to provide what I needed for this project where others couldn’t. The e- Route app helps our engineers find Core sites instead of Non-Core sites which helps with efficiencies and cost savings. Velocity is well managed, and I can create plenty of reports and my Account Manager is always on hand to help. With GPS Tracking built into Velocity I can view distance travelled, speed etc. and driver contact details without having to open another system.”

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