by James Neely, freelance writer: click | HERE | to check out GPS products from Rocky Mountain Tracking
From the UK, we hear that some insurance companies are lowering rates for the most at risk drivers – teenagers – when they include active GPS Tracking and monitoring in the vehicles in which they drive. Is this a good move or an encroachment on these young drivers’ rights?
It depends on your perspective. It also depends on your opinion about the view that saving money is more important than giving up a little privacy. Teens tend to decry the move more than parents.
Insurance Rates and Premiums
The lowering of your premiums and increasing your deductible is a way to put a big dent in your monthly expenses. This is especially true when you have a teen driver in your household. So, using GPS Tracking to accomplish this task makes sense. Your budget suddenly becomes a little easier to live with. In fact, you could take the savings from your lowered premiums and throw it into a savings account and make some interest on it as well.
Insurance Risk and Benefits
The insurance companies are all about lowering their risk. Sure, they exist to provide you a valuable service, but they also know that they way to remain profitable is to reduce the amount of claims that they have to pay. That is why they are embracing GPS Tracking devices. And not just for families with teenage drivers – businesses can reduce their insurance premiums with GPS Tracking devices on board as well.
Parents Peace of Mind
Parents are all over making sure that their teen drivers act responsibly and do not violate laws or rules while driving. There are too many stories out there of families that have had sons or daughters ripped from their arms because of irresponsible activities that could have been avoided. That is why accountability is emphasized and why GPS Tracking devices are at the center of this effort.
It does not take much to save money with GPS Tracking devices and insurance premiums, but consider that it might also save a life and that life could be that of a loved one. Then, how much is a GPS Tracking device worth?
Rocking Mountain Tracking has the best line-up of GPS Tracking devices to meet any need. Take a look at their products and options for the best fit for your business. You will find knowledgeable sales persons in helping you get the best unit to meet your requirements.