Commercial auto insurance provider High Definition Vehicle Insurance (HDVI) has announced that it will now be available to fleets in North Carolina and Colorado. HDVI will enable trucking companies in the states to lower their insurance costs through telematics use.
More than 85% of North Carolina and 79% of Colorado communities depend exclusively on trucks to move their goods, according to the American Transportation Research Institute. More than 95% of manufactured tonnage is transported by trucks in both states.
HDVI provides trucking companies with a dynamically priced commercial trucking insurance product, HDVI Shift, which rewards fleets for driving safely.
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“Using real-time risk models, HDVI identifies and monitors the frequency of risk factors to provide monthly insurance premium discounts up to 12% to customers who improve their safety scores,” said Colorado native Reid Spitz, co-founder and chief product officer at HDVI. “We are bringing an insurance solution to my home state and across the US that is a game-changer for fleets looking to improve their safety and lower operational costs.”
HDVI serves small and mid-sized trucking fleets in 17 states, with plans to expand that number to 25 by the end of the year.