By RAM Tracking on 17 Nov 2023

GPS Tracking Costs

As fuel prices escalate and inflation begins to impact our lives more, the importance of finding a dependable fleet tracking system cannot be overstated. This system serves as a key tool in streamlining route optimisation, enabling businesses to mitigate the effects of both time and fuel wasting. This means you gain a complete understanding of your employees can proactively manage fuel costs, which should be at the forefront of your priorities when searching for your fleet tracking solutions.

As is expected with most investments, the expenses associated with a fleet tracking system are subject to a variety of factors. However, there's no need to worry; we’ve broken down the tracker types and costs to provide you with an overview of RAM Tracking products, enabling you to make informed decisions tailored to your unique operational requirements.

What is a GPS tracker?

Vehicles can be monitored using a device known as a vehicle tracker or GPS tracker. The acronym GPS stands for Global Positioning System, and as the name suggests, it is a system designed to provide information about your geographical location anywhere on the planet when utilised.

• A GPS tracker is a compact device, varying in shapes and sizes depending on the chosen brand and model.
• These devices emit signals that enable you to track your vehicle's location, a feature accessible through your phone or computer (the specifics of which depend on the brand and model selected).

Two types of trackers exist:

• Monitored trackers, which share real-time location information.
• Unmonitored trackers, where location data is stored on the device and accessible when in the possession of the user.

Installation methods also differ; some trackers can be discreetly placed within the vehicle, making them undetectable, while others may not require physical installation. The choice between these options depends on the model you opt for.

Where are GPS trackers installed on a vehicle?

The placement of the tracker is dependent on its size and type, as well as the specific characteristics of the vehicle it is intended for. While it is generally advisable for the tracker to be located near the electrical components of the vehicle, there is no fixed guideline dictating a fixed position. Here’s a list of the trackers we provide at RAM Tracking:

• FMB-920 Hardwire: This device is fitted on the engine and hidden from view, meaning it isn’t easily removable by thieves.
• FMB-122 Hardwire: Very similar to the 920, this device offers an antenna on the vehicle for further signal reach.
• FMB-130 Hardwire: Fitted similarly to the 920, but this device offers a privacy switch and driver ID technology, meaning you know which drivers are operating vehicles and when.
• FMB-204: This is a rugged waterproof device with a much larger battery, perfect for large asset tracking.
• FMT-100: If you want to self-install your trackers, these water-resistant battery toppers are easy to install and use.
• FMB-020: This tracker can be supplied with an OBD port extension, great for self-install.

How much does it cost to install a GPS tracker?

Our vehicle tracking begins at a few pounds a month, depending on the features and type of tracking device you want to install. Some of our features include:

• Speed analysis and driver behaviour reports, which allow you to see how your employees are driving on the road and where they can improve.
• Green reports, to see when your drivers are idling, harsh breaking and wasting fuel.
• Insurance discounts from our partner Gallagher, who provide specialist fleet insurance.
• Travel reports, for specific journeys and time frames which show you time taken, distance travelled and average speed.
• Fuel cards from our exclusive partner bp, you can save up to 10p per fill up at every bp garage.

With the deals from our partners at bp and Gallagher, alongside fuel savings from improved driver behaviour, our customers often find the price of tracking is covered by the amazing savings we provide.

What are the benefits of GPS tracking?

The implementation of vehicle tracking systems extends far beyond logistical enhancement, offering many benefits that positively impact overall business performance.

• Improved fleet management: Vehicle tracking systems provide real-time insights into the whereabouts and activities of each vehicle in your fleet.
  - This streamlines route optimisation.
  - Allows for proactive decision-making, minimising delays.
  - Improves overall operational efficiency.
   
• Time and cost savings: By optimising routes and minimising idle time, businesses can reduce fuel consumption and operational costs.

Real-time tracking enables managers to:
- Identify the most efficient routes.
- Reroute in case of unexpected events.
- Ensure that drivers adhere to schedules.

• Increased safety and security: Vehicle tracking systems contribute to enhanced safety by:
  - Providing real-time location data.
  - Monitoring driver behaviour.
  - Allowing drivers to keep you up to date and in constant communication with our app.
• - Giving drivers the ability to report incidents in app.
• 
  In the event of an emergency or unforeseen circumstances, quick response times are facilitated, ensuring the safety of both drivers and assets.

Conclusion

Understanding the costs associated with GPS tracking is crucial, but with a diverse range of tracker types and costs provided by RAM Tracking, businesses can make informed decisions tailored to their unique operational requirements.

The cost of installing a GPS tracker is flexible, starting at a few pounds a month and depending on the chosen features and device type. Here at RAM Tracking, we offer a spectrum of features, including:

• Speed analysis.
• Driver behaviour reports.
• Travel reports.
• Fuel card partnerships with bp.

All contributing to potential savings that may offset the tracking expenses.

The benefits of GPS tracking extend far beyond logistical improvements. Enhanced fleet management, time and cost savings, and increased safety and security are among the advantages.

• Real-time insights into vehicle whereabouts.
• Proactive decision-making.
• Improved operational efficiency.

Contribute to overall business performance.

In a world where efficient fleet management is crucial for businesses to thrive, the adoption of GPS tracking systems emerges not only as a cost-effective solution but as a key component for sustainable and streamlined operations.