How Supercar Trackers Reduce Insurance Costs for High-End Vehicles? | GVE London – Blog

Growing up, owning a supercar is one of those dreams that, almost universally, most people have. However, eventually, a lucky few are able to get their hands on one. Dream achieved! Right? Alas, the story doesn’t end with simply purchasing a supercar. Several costs come with it that we often don’t take into consideration, such as insurance premiums—and they can be a hefty amount. It might not be obvious, but simply installing a supercar tracker can potentially bring this cost down.

What are Supercar Trackers?

A supercar tracker is merely a fancy term for a tracker that is primarily built for luxury or high-performance vehicles, like supercars, as the name might suggest. To put it simply, it is a colloquial term.

Since these trackers are security devices built for and marketed towards expensive cars, they must provide top-shelf features along with exceptional fit and finish. Take, for example, the SmarTrack GPS tracker. On the face of it, it might seem just like another ordinary tracker, but ordinary trackers do not possess the following capabilities:

Precise Location

The primary job of a tracker is to inform the owner about the location of their car. However, thanks to an ultra-precise GPS tracking system, it provides a much more accurate location, even in remote areas or underground parking.

Stealth Installation

Nobody likes a GPS tracker sticking out like a sore thumb, ruining the piece of art a car is. SmarTrack allows for discreet installation, which prevents strangers from knowing there is a GPS installed and also maintains the pristine look of the vehicle.

Global Coverage

Most trackers fail after a certain distance, but SmarTrack includes a global roaming SIM, meaning the car could be across the ocean, and you would still know exactly where it is. A fantastic feature if your car takes international trips often.

Thatcham Category S5 Certification

Thatcham Research, a UK-based organisation recognised by the insurance industry for setting benchmarks in vehicle security, has given the SmarTrack supercar tracker their stamp of approval. It can officially write “high-quality, reliable, and secure” on its résumé.

Geofencing

Say you have children, and they ask to borrow your car to visit a friend. You can set up geofencing, which is essentially creating a boundary for your car. If the car goes past the established area, an alert will be sent out.

Tamper Alert

The age of the internet is… unique, to say the least. It’s not just thieves a supercar owner needs to worry about anymore. With anti-tamper alerts, you’d be informed instantly if someone is trying to mess with your car and, on the further end of the spectrum, trying to disable the GPS system itself.

Read Also: Enhance Your Supercar Security with Advanced Tracking Systems

Why Insurance Companies Love Supercar Trackers

Insurance providers want low-risk vehicles. They aren’t fans of frequent claim filers, as it means more money out of their pockets. Supercars are expensive, and so are their insurance premiums. However, equipping a vehicle with a supercar tracker from an authorised supercar service centre like GVE London greatly reduces the chances of it being stolen or tampered with. Simply having a GPS tracker installed acts as a major psychological deterrent.

If a thief has absolutely made up their mind, vehicles equipped with trackers like SmarTrack have a much higher chance of recovery than those that do not. These trackers demonstrate to insurers that you care about your car and have prepared for a worst-case scenario. This often results in lower premiums.

Conclusion

A tracker is an investment that should definitely be made if you own a supercar, or any car for that matter. It’s a one-time purchase with several subscription pricing options to choose from. The peace of mind attained from it, paired with the potential for lowered premiums, justifies the cost. If you need assistance with the installation of a GPS system, get in touch with GVE London. We are a supercar showroom located in the West London area that specialises in repairs, service, modifications, and detailing of cars.