According to the Insurance Information Institute, more than 810,400 motor vehicles were stolen in 2019. Vehicle tracking systems are one of the most popular solutions for this growing problem, helping owners and fleet managers to track a vehicle’s location and movement in real time. 

But many people need clarification on how much a tracking system costs or what factors influence its price. As such, we’ll explore the cost of a vehicle tracking system and some considerations to keep in mind before making a purchase. 

How Does a Vehicle Tracking System Work 

A vehicle tracking system Like ram tracking is composed of a GPS-enabled device installed in the car and linked to a platform via cellular or satellite connection. This allows owners, fleet managers, and law enforcement to track the car’s location and movement in real time. 
 

Why Install a Vehicle Tracking System? 

Vehicle tracking systems provide several benefits, including improved fleet management and reduced cost. The system can monitor driver behavior and ensure vehicles are driven safely and efficiently. 

This helps improve customer service and productivity by ensuring that routes are optimized and fuel is consumed more responsibly. Additionally, it also reduces the risk of theft or vandalism by enabling owners to track their vehicle’s exact location in real-time. 

How Much Does A Vehicle Tracking System Cost? 

The cost of a vehicle tracking system depends on many factors, such as hardware costs, installation fees, monthly subscription fees, and additional services required. Hardware costs vary widely depending on the type of system you choose, ranging from as little as $99 for basic GPS trackers to as much as several thousand dollars for more advanced systems. 

Installation fees may also be required depending on the complexity of the system. These fees usually range from $50 to a few hundred dollars and include labor costs for setting up the hardware and software components. 

Finally, monthly subscription fees are associated with these tracking systems, which can range anywhere from $10 per month up to hundreds of dollars, depending on your specific requirements. Fees may also be charged for additional services such as remote access or real-time data monitoring. 

What Factors Affect Cost? 

You must consider many factors when purchasing a vehicle tracking system to ensure you get the most cost-effective solution. 

Hardware 

The type of system you choose will largely determine your overall costs, as more sophisticated systems include more features and are generally more expensive. 

Location 

Different tracking systems may be subject to various fees based on location, so it’s essential to research the local laws before purchasing. 

Installation 

Installation fees can add up quickly depending on the system’s complexity and how many devices need to be installed. 

Monthly subscription 

Fees for monthly subscriptions can vary widely from one provider to another, so make sure you shop around and find the best deal possible. 

Additional services 

Some providers may offer additional services, such as remote access or real-time data monitoring, which may incur additional fees. 

Consequently, it’s important to consider all of these factors before purchasing a vehicle tracking system to ensure you get the most cost-effective solution. 

Features to Consider Before Choosing a Tracking System 

When selecting a vehicle tracking system, you must consider how much coverage and features you need to get the best value for your money. Here are some features that can significantly improve your experience as well as enhance vehicle security: 

  • GPS/Location Tracking: The ability to accurately track and monitor the location of your vehicle in real-time. 
  • Speed Monitoring: Keep an eye on how fast your vehicles go and ensure they’re not exceeding speed limits. 
  • Geo-Fencing: Set up virtual boundaries so that you can be alerted if a vehicle moves outside of them. 
  • Stolen Vehicle Recovery: The ability to locate stolen vehicles quickly and recover them before any further damage is done. 
  • Driver Management/Behavior Analysis: Track driving behaviors such as speeding, harsh braking, rapid acceleration, etc., allowing for more efficient driver management and better fleet performance. 
  • Fuel Monitoring: Keep track of fuel consumption to ensure fuel is consumed more responsibly. 

By considering these features and doing your research, you can be sure to find the most cost-effective yet feature-rich tracking system for your needs. 

Recommended Tracking System 

Experts recommend investing in a GPS-based vehicle tracking system for maximum cost-effectiveness and reliable tracking. This type of system comes with all the features mentioned above as well as additional ones such as: 

  • Live video feed 
  • Driver identification 
  • Remote engine control and more 

GPS-based systems are easy to install, and it’s usually possible to get them up and running within a few hours. Additionally, most providers offer monthly subscription plans that make it more affordable for businesses looking to monitor their fleets on an ongoing basis. Overall, GPS-based systems provide the best value for money regarding vehicle tracking solutions. With the proper setup, you can be sure your vehicles are always safe and secure. 

Conclusion 

Vehicle tracking systems are invaluable to businesses, providing safety and security for drivers and assets. With so many options available, it’s essential to research before purchasing to get the most cost-effective solution. Consider the features you need, hardware costs, installation fees, monthly subscription fees, and additional services required to find a vehicle tracking system that meets your requirements without breaking the bank. With the right system in place, you can ensure optimal fleet performance and increased safety for everyone on the road. 

Also read: How to Find the Best Lawyer for Truck Accidents

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