RightTrack is a program that allows you to control your car policy savings by evaluating your safe driving habits. After you sign up, all you have to do is download the app, drive for 90 days and save up to 30% to drive safely. How a telematic insurance plan works In addition to LMAC, which calls its insurance and telematics union “Safety-Driven Insurance”, other plans are available from companies such as Travelers, Zurich and The Hartford, which offers the “FleetaHead” program. Companies that rigorously screen prospective drivers can help reduce liability and, in turn, better manage auto insurance premiums.
The information is accurate as far as Liberty Mutual knows, but companies and individuals should not rely on it to prevent and mitigate all risks as an explanation for the coverage or benefits of an insurance policy. Not all insurance companies offer telematic programs to fleets that tell fleet managers and insurance companies how safe drivers are on the road, but for those that do, the savings can be significant. By identifying and correcting risky driving behaviors, Geotab plus Onboard Advisor works to reduce fuel consumption, create safer drivers and help prevent collisions, while allowing you to control your insurance costs. Making “security-powered insurance” more accessible According to Robin Harbage of Towers Watson, a human resources, investment and risk management consultancy based in New York, 24 percent of commercial insurers are implementing telematic insurance programs, and another 7 percent are exploring the option.
Geotab and Assured Telematics have partnered with their independent insurance agent to offer customers Onboard Advisor access to a variety of fleet safety, risk management and driver development tools, including fuel cards and, in some cases, insurance discounts. According to Carver, business owners should keep in mind that they can only save on insurance through a telematics program if they use technology to develop safer drivers. Each insurance company has its own list of approved telematic service providers (TSP), and each of them recommends that companies talk to an insurance representative first to see if their TSP qualifies.