Brokers’ clients in the fleet rental sector can save 20% on their premiums if they have telematics installed.
That is the message from motor consultancy firm In-Car Cleverness which has helped customers install fleet telematics and slash their premiums.
The consutlancy says not every rental firm is using telematics.
An overhaul of technology used within the rental sector could help save the industry £5m – or £5,000 for each business – in insurance bills annually
Paul O’Dowd, sales manager at In-car Cleverness, explained: “Technology is a game changer for any business with a fleet of vehicles, but analysing the rental sector alone our customers are typically able to slash insurance costs by 20% or more.
“Some businesses negotiate a substantial contribution to the cost of adopting the telematics technology itself, and so can benefit from a lot more than just cutting insurance bills.”
According to Fleet World, Steven Cooke of Next Vehicle Rental added: “Our insurance company actually contributed the cost of the roll-out of telematics across our fleet. They are actively supporting us to reduce vehicle theft and losses. As a result, its contribution amounted to an insurance saving of over 18%.”