How Much Do Vehicle Tracking Systems Cost?
This article will outline the price factors to keep in mind when buying or renting a vehicle tracking system for your business. You can also find our GPS Tracking Buyers Guide to help you make the right choice.
Vehicle & Car Tracking Costs
The cost of vehicle tracking systems will depend on whether you have one personal car or a company fleet. There are vehicle and van tracking price options for all budgets and fleets sizes. The level of tracking and extent of reporting will also affect vehicle tracking cost.
A personal tracker can cost less than £300 to install. Subscription charges work out at about 38p a day, roughly £140 a year. The cheapest vehicle tracking system will not report any data or generate any reports, but gets activated once you report your car or vehicle to the police as stolen.
Any vehicle tracking system fitted to your company car is likely to earn you a discount from your insurer and different discount rates apply between insurers.
Company Fleet Vehicle Tracking Costs
The cost per car of tracking systems for vehicle fleets usually decreases as the size of the fleet increases, but it may cost more than a standard tracking system because of the extra information needed.
Additional reporting information normally includes:
- Average speed
- Speed limit alerts
- How long the engine remains running when the vehicle is not moving
- Hours active in the field during the working day
Another important reporting element for company fleets is the amount of business and private mileage accrued during each month. Business vehicle tracking systems cost can start from around 50p a day per vehicle.
You must also consider whether you will lease, purchase or outsource your vehicle tracking to a third party.
Leasing will depend on the real-time capabilities and requirements of your company, and will vary according to:
- Costs: start around 49p-59p per vehicle per day
- Fleet Locator Systems: start around 59-69p per vehicle per day
- Live Tracker Systems: start at around 69-79p per vehicle per day
You can further reduce leasing costs by taking out a contract for an extended period of time, such as a monthly or annual subscription. Depending on the type and number of different systems used, this can range from £9.99-£21.99 per month, to £109-£249 per year.
If however you choose to cancel your lease, you may incur a fee of up to £60 + VAT.
Most companies prefer the flexibility of leasing their Tracking Systems but, should you prefer to make an outright purchase, prices for the hardware start at £200, with installation charges from £100. GPS Vehicle Tracking Systems inclusive of installation are priced from £299.99 and the same systems with the addition of a touch screen start from £399.99.
There are a number of companies that allow you to completely outsource your vehicle tracking. They can monitor your fleet according to your requirements, and provide you with data and reports, such as driver behaviour profiles, vehicle mechanics and diagnostics, as well as vehicle damage or loss.
GPS Tracking Buyer’s Guide
Fleetmatics has designed The Essential GPS Tracking Buyer’s Guide to help you with pricing, features and providers. We really like the checklist included at the bottom to help you decide on the best system for your business.
Find Reputable Vehicle Tracking Specialists
Looking for the best UK vehicle tracking system can be a daunting task when so many websites offer cheap tracking systems for all types of users.
It is important to get the best vehicle tracking provider for you as the correct tracking system will improve your vehicle's security, making your business more profitable and efficient and simply giving you peace of mind.
By using Expert Market with no cost or obligation we ensure you receive a solution to your vehicle tracking requirements that is specifically tailored for your business needs.