- How can camera systems help reduce fleet insurance premiums?
- How fast can fleet insurance be reduced by installing cameras?
- How can I install cameras to help reduce my fleet insurance cost?
- How else can I help reduce my fleet insurance premiums?
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How can camera systems help reduce fleet insurance premiums?
Claims experience plays a significant part in determining how much a truck operator pays for insurance. Cutting the frequency and severity of claims can therefore help significantly with keeping insurance premiums under control.
Camera systems can help to achieve a better claims experience and, therefore, reduced fleet insurance premiums by providing footage as an ‘independent witness’.
The impact of this independent witness would allow:
- Disputed or split-liability claims to be resolved quickly and correctly – ensuring each party is only liable for their proportion of the costs.
- Proof of ‘crash-for-cash’ staged accident scenarios – proving the innocence of the victim of what could have been a registered fault incident against them. Without an independent witness, the victim may incur claim costs, future increased renewals and - potentially - criminal charges.
- Improved driver awareness and performance – if used by the fleet manager to monitor their driver’s habits and driving style.
- When coupled with a telematics device, cameras can be used very effectively to also improve fleet costs by allowing the management of the fleet to consistently and effectively monitor the driving style of their fleet drivers – an improvement in driving style has strong links to improved tyre wear, reduced fuel costs and a better claims experience.