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Telematics could slash £5m off rental fleets’ insurance bill, says In-car Cleverness

Although some rental businesses are already using telematics technology to tackle accident rates as well as theft and fraud, In-car Cleverness says not every business has embraced it. It added that 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.” 

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%.”

In-car Cleverness added that implementing telematics could also help utilisation, maintenance and residual values be managed more efficiently.  

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Natalie Middleton

Natalie has worked as a fleet journalist for nearly 20 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day.