With Geotab’s telematics solutions, greater oversight on your vehicles and drivers means more reliable data for your insurers. Armed with greater knowledge of your fleets, they can decrease insurance costs.matics solutions, greater oversight on your vehicles and drivers means more reliable data for your insurers. Armed with greater knowledge of your fleets, they can decrease insurance costs.

Anyone who’s ever been behind the wheel knows that driving can be dangerous. 

Throughout 2023, there were more than 1,200 deaths on Australia’s roads, with one in ten involving heavy vehicles. These are all shocking tragedies for the family and friends of those involved. Unfortunately, these devastating incidents also impose a significant cost on businesses, either through legal claims or more often rising insurance premiums for fleets. 

Insurance costs have risen sharply in recent years due to high accident losses and the increased cost of repairs from supply chain difficulties. The time it takes to pick an insurance product has also increased, adding an additional cost for fleet managers. 

Underwriting for fleets can be complex, factoring in vehicle specifications, usage patterns, driver history, and accident frequencies. Fleets with higher perceived risk incur heftier premiums, sometimes paying more than they should because they are assessed based on outdated or inconsistent data which fails to capture recent improvements.

Geotab’s partnership with Fuse Fleet Insurance

Geotab telematics enable live tracking of vehicle health, location, and driver behaviour to paint a detailed picture of fleet operations. When these tools are made accessible to insurers, they can evaluate the risk more accurately and reward well-managed fleets.

Our partnership with Fuse Fleet insurance uses innovative AI-driven solutions to convert Geotab’s data into crash probability reports to prevent accidents. For businesses who are already using safe practices, it almost immediately lowers premiums.  

By identifying the drivers who are most likely to get into an accident – and retraining them – fleet managers can improve road safety and lower their premiums over time.

In addition, Fuse enables better, faster, and more cost-efficient claims with its fully digital claims management solutions.

Want to slash your fleet’s insurance premiums? Contact Geotab now to find the telematics solutions that meet your needs

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