What is a GPS Tracking System?
For the security-minded motorist with a high risk car, or who may being looking
at reducing the cost of car insurance, a GPS (Global Positioning System) vehicle
tracking system is worth considering. These electronic devices are
fitted in a vehicle and allow the vehicle's location to be tracked.
The advantage of having a vehicle with a GPS vehicle tracking device is that
is works as a deterant for theft and enables early retrieval by providing an
accurate location of the vehicle. By following the signal from a GPS
vehicle tracking systems, stolen vehicles can be swiftly
recovered by police. Some systems have a feature whereby an alert to a phone or
e-mail can be sent if the car alarm is activated.
Whilst some providers charge a one-off fee for installation and
life-of-the-vehicle use of their GPS system, others charge the
motorist a monthly renewable fee. The latter option might appeal to drivers who
like to change their car every few years.
Most car insurance companies offer reductions in car insurance premiums for
vehicles fitted with GPS vehicle tracking devices because of the
significantly lower risks involved in covering them.
Note: Soft or drop top vehicles, may be categorized as high risk for theft, and car insurance companies may only offer insurance cover conditional upon a tracking system being fitted.