A penny saved is a penny earned, and in these harsh economic times, we’ll use all the pennies we can get. Some people may have purchased a car tracking device just because the device is useful and pretty slick, but perhaps they can get the technology to pay for itself. Here are a few options.
1. Lower insurance premiums. GPS trackers are primarily safety and recovery devices, which insurance companies love. Car drivers should take advantage by asking their agent how a GPS tracker installed in their car might lower the monthly rate. At least a dozen states already have laws requiring insurance carriers to lower premiums for those with anti-theft devices installed on their property.
But for plenty of carriers, the state regulations merely reinforce common business sense. Many companies will do what they can to encourage someone to put a theft deterrent and recovery aid on any vehicle for which they’ve assumed financial risk.
2. Reduce mileage. GPS trackers are great tools for driving behavior retrospection. Mapping a car’s routes over the past month may reveal some significant waste in gas and time
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