Many US studies have been conducted into the benefits of such programmes as ours by insurers and major fleet operators.
- Hanover Insurance Co. reported a 22% reduction in crash rate and a 52% reduction in crash costs after one year.
- Reliance Insurance Company found a 35% reduction in crash costs in the first year.
- Fireman’s Fund Insurance found a 20% reduction in accidents.
- Great West Casualty Company found that in the two years after they implemented HMD programs, loss ratios improved by 51%, and accident frequency dropped by 53%.
- John Deere Transportation Insurance’s study of 63 companies found a 45% decline in loss ratio and a 33% decline in accidents.
- By contrast, insurance studies of the installation of electronic monitoring “black boxes” in commercial fleets and passenger vehicles have produced 20% reductions in accidents [we believe HMD and GPS are complementary approaches].