A.While insurance companies do not require all vehicles to have GPS systems installed, there are a number of benefits for fleet owners and the greater population in doing so. Not only are GPS tracking systems now more affordable than ever, they often attract discounts of up to 15 percent on insurance costs.
Some insurers also pay companies to implement GPS tracking technology into their fleets. That’s because telematics units can help drivers avoid accidents, and can provide a wealth of very useful data in the event of litigation arising from an expensive, potentially catastrophic accident.
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