HDVI expands into Arizona
Excessive Definition Car Insurance coverage (HDVI), a supplier of economic auto insurance coverage, has expanded into Arizona, the place its telematics-based insurance coverage merchandise and security teaching will now be out there to small and midsize trucking fleets.
Roughly 85% of Arizona communities rely completely on vehicles to maneuver their items, based on a examine by the American Transportation Institute. The examine discovered that in 2019, the trucking trade paid about $719 million in federal and state roadway taxes – almost half of all taxes owed by Arizona motorists.
“The trucking trade is a crucial pillar of the financial system regardless of a particularly difficult enterprise setting consisting of traditionally excessive gasoline prices, driver shortages and rising insurance coverage premiums,” stated Chuck Wallace, co-founder and CEO of HDVI. “Our refined security and danger administration instruments assist these small to midsize fleets shield their drivers, function extra effectively, and save on insurance coverage prices.”
Learn subsequent: HDVI partners with Munich Re, Spinnaker
HDVI Shift, the corporate’s industrial trucking insurance coverage protection, makes use of onboard telematics information to offer small to midsize fleets with real-time danger fashions. HDVI Shift helps fleets save as much as 12% on their month-to-month premium primarily based on real-time driver security, the corporate stated.
Through the first yr of HDVI Shift’s availability, fleet clients earned better-than-average security scores, with 30% fewer predicted crashes. Greater than 75% of its clients noticed an enchancment in rushing or onerous braking within the first six months. That quantity rose to greater than 90% after 9 months, HDVI stated.
