Telematics provider Motive and Sentry Insurance have partnered to offer Motive’s customers up to 5% savings on their insurance premiums for sharing their electronic logging device (ELD) and dashcam data with Sentry. The offer applies to users of Motive’s Driver Safety Solution, the company’s AI-powered dashcam, according to a press release.
“Up front, our customers save money on their premiums,” said Nick Saeger, Sentry’s associate vice president of products & pricing. “Long-term, the data we gather through Motive will help us bolster our safety programs and in-house claims service even further. Telematics data could also serve as the next pricing frontier.”
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Sentry, which insures more than 7,000 trucking customers and 48,000 units, will provide customers who share their ELD data up to a 3% premium discount. Customers who share ELD and dashcam data will receive up to a 5% discount.
Fleets that have Motive dashcams and frequently coach drivers can see more than 20% fewer accidents, more than 50% fewer unsafe driving incidents, and up to 10 times return on investment in the first year, according to the companies. The Motive AI dashcam detects unsafe driving behavior in real-time through computer vision algorithms and an AI processor.
“Businesses are turning to Motive to help decrease accidents,” said Drew Quinlan, Motive’s VP of business development and partnerships at Motive. "By bringing the most accurate AI dashcam in the industry together with Sentry's leading insurance for commercial fleets, we have a unique opportunity to help turn driving data into actionable insights that protect drivers and the business’s bottom line while delivering on our commitment to make roads safer for everyone.”
