UK van fleet cuts insurance rate thanks to telematic device use
Downwell Group, a UK-based van fleet, has been able to cut its insurance rate by 20% this year due to its use of smart cameras which monitor how vehicles are driven. The firm also says it's seen a reduced number of accidents through using the technology. The insurance reduction is being granted since the use of the smart cameras allowed the fleet manager to show who the culpable party was in the event of collisions or accidents on the road.

Downwell Group has reduced its annual insurance premiums by 20% and cut the number of accidents on its mixed fleet thanks to connected vehicle cameras.

The company provides demolition and other pre-construction services in the Essex area and installed the SureCam 3G forwarding-facing solution from Intelligent Telematics earlier this year across its fleet, replacing a previous tracking solution.

The 3G camera technology enabled an additional premium reduction with the company’s insurance partner due to its ability to show immediately identify the fault party in an accident.

Downwell Group is also using the connected vehicle camera to analyse driver behaviour and encourage improved driving practices by supporting targeted training, better engaging with drivers and implementing an incentive scheme. Moving forward, this will not only improve safety and ultimately save lives, but also contribute to reduced wear and tear on vehicles and lower fuel consumption.

For more of the latest industry news, click here.