Insurance companies look at a variety of personal and vehicle information when they provide a quote for the insurance including: driver age, parking residence location, car make and model and most of all, the security features that will protect the car.
GPS car trackers are one of the best ways to reduce your insurance premium because they provide valuable security and recovery features that insurance companies look at to reduce claims.
Number One – vehicle recovery with GPS car trackers
When insurance companies are preparing an insurance policy quote one thing they will consider is whether the policy holder has taken steps to prevent loss such as installing a GPS tracking device in their vehicle.
Insurance companies will reward customers with a lower rate when they take action to reduce the amount a claim will cost by putting in a tracking mechanism that can provide the vehicle location to police in the event of theft.
Quick recovery of a vehicle reduces the repair and potential claim costs as well.
Number Two – Remote alarm activation
Theft prevention is another consideration that insurance companies will look at when quoting an insurance policy and this is where installing a GPS tracking device in your vehicle can help lower your insurance premiums.
GPS trackers allow you to active your vehicle alarm remotely which will help to attract the attention of people in the area and stop a potential theft.
Number Three – Disable vehicle
Finally, another feature that GPS car trackers provide that insurance companies look at favourably when quoting an insurance policy is the remote disable feature.
If your vehicle is stolen then a GPS car tracker will allow you to disable the ignition remotely* so that the vehicle cannot be moved and you can work with police to recover your vehicle. *on specific GPS car trackers only, such as the the fleetminder FM Lite.
All three features are important to have on your vehicle when you are working with your insurance company to find the lowest insurance premium possible for your vehicle.