IVOX DriverScore technology can significantly impact expenses and improve premium rating accuracy through its predictive, behavior-based driver risk information to mitigate risk and improve profitability.
 
  • Among fleets, claim and insurance costs are typically the third-highest expense item behind salaries and fuel, averaging 2-10 percent of operating revenue.
  • Insurance premiums are calculated according to several risk factors including: driving history, age, sex and credit score.
  • A 4-5 percent odometer change with proper tire inflation and regular maintenance upkeep can result in 7,000-10,000 additional miles safety driven and affects re-sale value
    of trucks.