Understanding and controlling business auto costs

painter-standing-next-to-van

It’s easy to understand why prices rise for manufactured or commodity-based products. When prices for raw materials increase, the cost of the product goes up. It’s not as easy to understand the cause of higher prices in a service-based industry such as insurance. Many factors can affect the cost of insuring a business vehicle.


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Hitting the road with vehicle telematics

telematics

Everyone has driven down the highway and has seen that sign on the back of a vehicle that reads, “How’s my driving? Call 1-800-555-XXXX.” Those signs have been a part of the driving landscape for many years and are still in use today as part of the burgeoning industry that gathers vehicle use information. The new term used today for electronically gathering and reporting vehicle use information is “vehicle telematics.”


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