Business & Finance Finance

GPS Tracking And How It Can Save You Money

Despite the constant burden being placed on drivers with added tax, increased petrol prices and higher insurance premiums, there are benefits to be gained by installing a GPS tracking system to your car.
Drivers will find that on the road they will no longer find themselves in endless streams of traffic with their engines expensively ticking over.
Cheaper car costs The use of a GPS tracker means that travelling to and from work, or whilst on the road as part of your job, you can save money on petrol by taking the most effective route.
By taking the most economic journey drivers are able to save time, petrol and ultimately money on their essential trips and GPS tracking devices are one of the most efficient ways of managing fuel consumption.
Figures show that the average car can reduce its running costs by as much as 20% when fitted with a GPS tracker, a saving which will more than pay for its installation within 6 months.
GPS savings These savings are all important as the cost of running a car continues to rise and by monitoring such things as speed and idling times you not only save money on petrol but also cause less damage and wear and tear on the vehicles engine, brakes and tyres.
The system can also be used to advise you when your car is due for a service or if there is any essential maintenance that ideally should be done.
Certain areas such as road tax and insurance costs can affect your choice of car, by selecting lower banded vehicles, smaller engines and diesel cars you can also start making savings at the point of purchase.
GPS insurance Insurance is another area where GPS tracking is enabling drivers to make savings with several insurers offering policies that utilise GPS technology to monitor vehicle usage and adjust insurance costs accordingly.
The premiums are made up from actual usage based on the mileage, driving conditions and driving habits of the insured rather than retrospectively calculating the cost on perceived driving.
This involves the insurance company fitting a GPS tracker into your car from where they are able to download and record your vehicles use.
This gives them a real time view of exactly how you use your car and how carefully you drive, low mileage drivers are able to reap the rewards of cheaper car insurance.
A number of leading car insurers are offering these policies and drivers who consider themselves good, considerate drivers are benefiting from the offers.


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