86% Decrease in Accident-Related Costs with Dash Cams
By Suhardi Looze
Studies show that most commercial motor vehicle (CMV) crashes involve dangerous and risky driving behaviors or errors on the part of the driver and therefore could be prevented. Reducing risky driving behavior through the use of onboard safety monitoring technologies like Dash Cams is proven to be very effective. These are the numbers.
Return On Investment - ROI
Saving money on incident-related costs and cutting down on expenses has proven to be one of the main arguments when deciding on connected dashboard cameras for fleet vehicles. If you look at the direct and indirect costs of serious accidents, considering multiple departments within the organization will be affected, calculating your return on investment will be easy.
The numbers from the following studies back this up and will help Fleet Managers make an informed decision.
Driver error
87% of commercial crashes in the US are due to avoidable driver error or risky driving behavior.
Source: NSTSCE, Effective Use of Commercially Available Onboard Safety Monitoring Technologies
Risky driving behaviors include violating speed limits, excessive speed and lateral acceleration on curves, unplanned lane departures, frequent hard braking, close following distances, lateral encroachment (e.g., during attempted lane changes, perhaps due to improper mirror use), failure to yield at intersections, general disobedience of the rules of the road, among others.
A connected dashcam solution helps you with:
- Identify risky driving behavior
- Actionable dashboards
- Onboard video footage as feedback for drivers
- All the necessary tools in 1 platform
- Improving fleet and driver safety
Decreased Collision Frequency
60% reduction in the number of incidents when implementing a dashcam solution with driver feedback.
Source: Journal of Safety Research, Evaluation of an in-vehicle monitoring system (IVMS) to reduce risky driving behaviors in commercial drivers
The onboard video footage can be used as part of a driver safety program. Being able to give valuable feedback about unwanted driving behavior or dangerous traffic situations for example helps to create better and safer drivers.
Decreased Accident-Related Costs
86% reduction in the cost of vehicle crashes when implementing a dashcam solution with driver feedback.
Source: Journal of Safety Research, Evaluation of an in-vehicle monitoring system (IVMS) to reduce risky driving behaviors in commercial drivers
The costs of accidents can add up dramatically. The direct costs might be manageable (vehicle repairs for example), but the indirect costs are less obvious. Ask yourself which departments within the organization have to deal with the aftermath of an accident? From operations; damaged vehicle, legal; insurance, customer support; delayed delivery or service, or even human resources when your driver is not able to work afterward.
And more abstract factors as lost time and brand damage (it's your vehicle with your logo and name people see) all play a part when calculating an ROI.
Connected Dash Cams are the next step in getting your vehicle fleet more efficient, safe, and profitable.
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