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Insurance Discounts

Vehicle Deceleration Warning Lamp Insurance Discounts

 

The FMCSA found that the average crash cost of a tractor-trailer pulling one trailer: $172,292, two or three trailers: $511,582. Crashes with injury pulling one trailer jumps to $334,892, while pulling two or three trailers costs more than $1.2 million. Finally, the average cost of a fatal truck accident involving one semi pulling a single trailer clocked in at over $7.2 million.

Crashes per MONTH, for just ONE Carrier

Truck Alert Deceleration Warning Lamp Insurance Discount

The following is FMCSA crash report of a client that installed TruckALERT on some of their fleet for a trial period, which
lowered their numbers substantially.

Truck Alert Deceleration Warning Lamp Results

Based on RESULTS, they equipped their entire fleet and here’s how the numbers look now:

Truck Alert Deceleration Warning Light Results

We understand the problem. A large majority of incidents are not caused by a professionally trained truck driver, they are due to a distracted motorist.

We’ve worked with many Fleet managers, DOT compliance officers, and  Safety officials to drastically reduce collision rates and the related costs. The fact is, the number of distracted drivers today is steadily getting worse and out of control.

We have clients that demonstrated such a large reduction in crashes, they were able to negotiate favorable rates with their insurance company, and others have been able to avoid loosing coverage. Today we enjoy referrals from insurance carriers and look forward to publishing a list of carriers that offer more favorable rates if your truck is equipped with our product.

If your company is experiencing a problem with your collision rate and it’s having an impact on your coverage, or about to, please contact us.