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15th January 2025
If you're looking to reduce the cost of your car insurance, installing a car tracker might be one of the most effective steps you can take. Many insurance companies offer discounts for vehicles fitted with approved tracking systems, and it's becoming a more common and beneficial way to lower your premiums. But how much can you really save?
In this post, we’ll break down the average car tracker insurance discount, how it works, and how you can benefit from installing a tracker in your vehicle.
A tracker device provides real-time data, which can be vital in situations like theft or accidents. For instance, if your car is stolen, the insurance company can use the tracking information to quickly locate and recover your vehicle, preventing potential financial losses. This significantly reduces the insurer’s risk and, as a result, they are more likely to offer a discount on your premium.
The savings you can expect from installing a car tracker can vary, but the average discount is typically between 5% and 20%. The precise discount depends on several factors, such as the insurance provider, the type of vehicle, and the specific tracker used. While the savings may seem modest, over time, they can add up, especially if you maintain a clean driving record and have a high-value vehicle that’s at risk for theft.
Yes, the type of tracker installed in your vehicle can significantly influence the insurance discount you receive. For example, a basic GPS tracker might offer a smaller discount than a more advanced system with added features such as remote immobilisation or real-time monitoring. Trackers like the S5 Vehicle Tracker and S7 Car Trackers provide higher levels of security, which can result in a more substantial reduction in your premiums.
The value and type of vehicle you drive can also affect the amount of your discount. High-value or luxury cars are more likely to be targeted by thieves, so insurers may offer higher discounts for these vehicles to encourage the installation of tracking systems. On the other hand, standard or lower-value cars may attract smaller discounts since the perceived risk of theft is lower.
Insurance companies offer discounts for car trackers because they reduce risk and help prevent losses. A car tracker increases the chances of vehicle recovery in case of theft, making it easier for the insurer to avoid paying out large claims. Additionally, the presence of a tracker may prevent fraud, as it provides verifiable data about the vehicle’s location and movements.
Insurers are also using car trackers to encourage safer driving. Some tracker devices monitor your driving habits, such as speed, braking, and acceleration. By tracking this data, insurers can offer discounts based on your driving behaviour, rewarding safe drivers with lower premiums.
While the financial benefit of a car tracker insurance discount is a great incentive, the benefits of installing a tracker extend far beyond just saving on your premium.
One of the main reasons people install car trackers is for added security. In the unfortunate event that your car is stolen, a tracker can help locate it quickly, potentially leading to its recovery. Some insurance companies may even provide additional incentives or rewards for faster recovery times.
Certain trackers offer features that allow insurers to monitor your driving behaviour. This can be a valuable tool for improving your driving habits and potentially qualifying for even further discounts on your insurance. Trackers can record information like sudden acceleration, harsh braking, or excessive speed, and some insurers offer usage-based insurance policies based on this data.
For families, a car tracker can offer peace of mind. If you have teenage drivers in the household, the ability to track their movements and ensure they are following driving guidelines can be reassuring. Features like geo-fencing also alert you if the car leaves a designated area, offering greater control over your family’s safety.
To maximise your car tracker insurance discount, it’s important to choose a tracker that is approved by your insurance provider. Not all trackers are recognised by insurers, and using one that is not approved might result in no discount at all.
Look for high-quality options that meet industry standards and offer features that align with your insurer’s criteria. Trackers like the S5 Vehicle Tracker and S7 Car Trackers are designed to meet the highest security standards, which can help you qualify for the best insurance discounts.
To make the most out of your car tracker insurance discount, ensure that your vehicle tracker is installed correctly and fully operational. Insurers may request proof of installation and periodic checks to verify the functionality of your tracker. Additionally, always keep track of your driving habits and maintain a clean record to further increase your chances of getting the best discount possible.
If you’re unsure whether your current tracker qualifies for a discount, it’s worth checking with your insurer. Many companies will provide guidance on what constitutes an “approved” tracker and what features they’re looking for in a device.
Installing a car tracker can be a great way to reduce your insurance premiums while also providing added security for your vehicle. The average car tracker insurance discount ranges from 5% to 20%, but with the right tracker and insurer, you could see even greater savings. Trackers like the S5 and S7 vehicle trackers offer advanced features that can help you qualify for the maximum discount.
If you're looking to benefit from these discounts and gain all the added advantages of GPS tracking for your vehicle, explore our range of insurance-approved vehicle trackers. Start saving on your premiums today while enjoying the security and peace of mind that come with advanced GPS tracking technology.
