How GPS Trackers Can Reduce Your Vehicle Insurance Premium in India
Vehicle insurance premiums in India have been steadily rising, making cost-effective solutions increasingly important for vehicle owners. Installing a GPS tracker in your vehicle presents an excellent opportunity to secure significant discounts on insurance premiums while enhancing vehicle security. This comprehensive guide explores how GPS trackers can help you save money on vehicle insurance in India.
Understanding GPS Tracker Insurance Discounts
GPS trackers offer substantial premium reductions because they significantly reduce the risk profile of insured vehicles. Insurance companies recognize that vehicles equipped with GPS tracking systems are less likely to be stolen permanently and more likely to be recovered quickly if theft occurs.
IRDAI-Approved Anti-Theft Devices
The Insurance Regulatory and Development Authority of India (IRDAI) mandates that only certified anti-theft devices qualify for premium discounts. GPS trackers must meet specific standards and receive proper certification to be eligible for insurance benefits.
ARAI-Approved GPS Tracker Brands in India:
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TCU by Pricol Limited.
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ITS System TLG-1000 by Autocop India Pvt. Ltd
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VTS-01-021 & VTS-01-022 from KPIT Technologies Ltd.
Premium Discount Percentages
