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Reduce your insurance premium?

Mix Telematics asks the million dollar question: “Installing a tracker improves safety, but what kind of impact does it have on your insurance premiums?”

Mix Telematics: There has been a staggering increase in the number of stolen and hijacked vehicles in South Africa, which is why it’s essential for motorists to invest in stolen vehicle recovery devices. These solutions not only increase the chance of a vehicle being recovered, but with the latest technological advancements, it goes far beyond vehicle tracking.

Installing a vehicle recovery device can reduce a motorist’s vehicle insurance premiums quite drastically, saving consumers money in the long run. When purchasing insurance, one of the key questions that an insurance company will ask you during their risk profiling process, is if you have a recovery device installed, given that this increases your vehicle’s security.

Is it advisable to install a tracker in your car?

Mix Telematics: Definitely. An affordable stolen vehicle recovery device purchased from a reputable company can help locate your stolen vehicle at any time of the day, nationwide. By doing so, you are not only able to reduce your insurance premiums but also have peace of mind, knowing that in the event of your vehicle being stolen, the chances of recovery are high.

What are the steps one needs to follow to inform your insurance about your plans to install one?

Mix Telematics: Once you have installed your stolen vehicle recovery device, it’s advisable to contact your insurance company so that they can revise your current premiums. Some insurance companies will usually ask you to send them a certificate of installation as confirmation that you have installed a recovery device.

One of the benefits of certain stolen vehicle recovery devices is that they are wireless. The device is compact, robust and doesn’t interfere with the electronic warranty of your vehicle. Due to the size of the device and the fact that it can be installed anywhere in your vehicle, makes it difficult for criminals to find.

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