The envisionCAM™ product will immediately save fleet companies money. Fleet companies often see a return on their investment within six months. At that time, the cameras have paid for themselves in cost savings from a reduction in accidents to a reduction in litigation costs. Our product has no monthly fees, we have a reliable and proven high quality product, and we have an unparalleled RMA program if something goes wrong with a few units. In most cases, we swap out a unit that has issues within days, while under warranty.
For more information, click here.
The envisionCAM™ helps insurance companies provide a way to insure high risk drivers while reducing their risk. Insurance companies are more inclined to work with high risk fleet companies knowing that the envisionCAM™ will yield safer drivers, less accidents, and less litigation costs.
For lower risk fleet companies, insurance companies will see a similar return. In addition, the envisionCAM™ becomes a tool for insurance companies to sign customers up for a three year commitment. Insurance companies might agree to pay for the envisionCAM™ units provided that the customer agrees to stay with the insurance company for a minimum of three years. Early termination results in a pro-rated payment to the insurance company for the envisionCAM™ equipment. Other models include a 5% - 10% discount on insurance costs.
The envisionCAM™ simply improves driving behavior in teen drivers which lowers their risk for accidents. The crash rate for teen drivers ages 16 - 19 is 400% higher than that for all other ages. In 2008, NINE teens died from accident related injuries EVERY DAY between the ages of 16 - 19. It has been shown in multiple studies that teen drivers reduce risky and dangerous driving habits by 70% - 90%. Studies have also shown a substantial increase in teens wearing their seat belts.
Insurance costs will also be reduced due to the reduction in the number of accidents. Some insurance companies may also support Video Event Data Recorders for their insured teens with discounts due to their enormous safety benefits for teen drivers.
For more information about Teen accident related Statistics, click here.