Usage Based Insurance
A refund on my commercial auto policy? Yes, it’s possible!
For businesses of any size with commercial vehicles on the road having the proper commercial auto insurance is a must. Breaking your budget to do it isn’t.
Welcome to Time Based Insurance (TBI) – The coverage you need, when you need it.
TBI is the perfect solution for commercial fleets of any size with vehicles that transition in use seasonally or operationally.
Applying the technology of telematics puts you in control of savings and so much more. Through a simply installed, on-board device, your vehicle will accurately collect and report data related to driver usage.
How does it work? It’s easy as 1, 2, 3…
- Place a telematics device in each of your vehicles. Installation is as simple as plugging it in.
- Pay a regular insurance premium based on traditional rating criteria.
- Receive a prorated refund for the time your qualifying vehicles are not in use,at the end of your policy term.
It’s really that easy.
Combine TBI policy with Usage Based Insurance (UBI) and we’ve just become the best silent business partner you’ve ever had!
The same telematics device used for TBI has the ability to collect data such as driving patterns, locations, speeds, dates, times and more. Valuable information that you can use to increase efficiency, improve service delivery, enhance safety and more.
- Locate vehicles in real time.
- Control fuel costs – Monitoring driver use typically results in 30% fuel savings.
- Accident prevention – Monitor and coach driver behavior to promote and maintain safety. Speeding, acceleration and braking are all factors to consider in accident prevention.
- Reduce maintenance expenses – Identify driver behavior and promote positive changes. This can help keep vehicles in good working order.
- Time tracking – Track hours worked with precise vehicle start and stop times by tracking vehicle usage and mileage. Allowing for cost savings and improved route planning.
Intelligent Fleet Management – Keeping risk in check.
For many companies safety records and standards are key to acquiring both customers and collaborators alike, having a firm handle on your driving safety statistics is essential. InsureMy telematics data lets you speak knowledgably about your business fleet and tells your customers you have the insurance protection to get the job done.
Contact us today for a free commercial auto quote. Together, we’ll help you assess your risks and understand the coverage you need to protect what is important to you. Talk to your advisor about putting insurance to work for you.
