Launch of Connected Insurance Program
FORT WORTH, Texas & WASHINGTON–(BUSINESS WIRE)–Daimler Truck Financial Services USA LLC (DTFS) and GEICO, one of America’s leading insurers, have introduced Connected Insurance, a data-driven program aimed at helping owner-operators of Freightliner and Western Star trucks, along with small fleets, reduce their insurance premiums while encouraging safer driving. The initiative is implemented via DTFS’s subsidiary, Daimler Truck Insurance Agency LLC.
Enhancements to Existing Insurance Options
Connected Insurance builds upon GEICO’s DriveEasy Pro program by using data to reward safe driving behaviors. Owners of Freightliner and Western Star vehicles can voluntarily provide real-time telematics data from Detroit Connect, benefiting from the program without needing to install additional diagnostic tools or dashcams in their trucks. This leads to more precise underwriting and an improved claims process. Eligible participants can enjoy up to a 10% reduction in their commercial vehicle insurance costs.
Strategic Focus on Customer Needs
“Daimler Truck Financial Services is committed to offering innovative and comprehensive financial solutions that meet our customers’ specific needs,” expressed Kevin Bangston, president and CEO of Daimler Truck Financial Services North America. “Our partnership with GEICO introduces a smart, data-driven insurance alternative that aids in minimizing one of the largest operational costs for our customers.”
Real-Time Data and Enhanced Risk Assessment
Chris Sions, GEICO’s head of partnerships, stated, “Real-time data from Daimler Truck’s telematics platform enables us to more accurately evaluate risk, incentivize safe driving, and provide significant savings for our customers.” He added that the expansion of their commercial trucking insurance nationwide is supported by robust collaborations such as the one with Daimler Truck Financial Services.
Addressing Industry Challenges
This launch comes at a crucial time for the trucking sector, as reported by the American Transportation Research Institute, where insurance costs are ranked the fourth-highest challenge for carriers, especially small businesses. Connected Insurance directly tackles this issue by making quality insurance more accessible and economical, ultimately supporting the long-term success of independent drivers and small fleets.
Tailored Coverage Options for Trucking Customers
GEICO’s entry into the commercial trucking market broadens the insurance options available specifically for Freightliner and Western Star customers. Developed with insights from industry professionals and owner-operators, the program combines practical telematics data with sophisticated analytics to offer competitive rates, backed by the financial strength of Berkshire Hathaway. GEICO’s nearly 90 years of auto insurance expertise, now paired with specialized trucking knowledge, facilitates efficient claims services tailored for commercial vehicles.
Commitment to Continued Innovation
The introduction of Connected Insurance reflects DTFS’s ongoing commitment to using Detroit Connect telematics data to enhance the ownership experience. As DTFS aims to innovate, it will continue to seek additional opportunities to integrate connected vehicle data across its financial service offerings.
About Daimler Truck Financial Services
Daimler Truck Financial Services USA LLC (DTFS) serves as the financial partner for Daimler Truck North America LLC, providing a wide array of financing, leasing, and insurance solutions tailored for commercial vehicle clients. With a legacy of experience and an emphasis on innovation, DTFS assists businesses of all sizes in achieving efficiency and long-term success. For further information, visit Home | Daimler Truck Financial.
About Daimler Truck Insurance Agency
Daimler Truck Insurance Agency LLC (DTIA) is a subsidiary of DTFS and a licensed insurance agency (CA license #6005774). DTIA does not provide or underwrite coverage. Insurance is offered through third-party carriers or their affiliates. Availability and specifics of coverage may differ by state. Terms and conditions apply to coverages, benefits, and discounts.
About GEICO
GEICO (Government Employees Insurance Company), the third-largest auto insurer in the U.S., was established in 1936 and provides vehicle insurance across all 50 states and the District of Columbia. As part of the Berkshire Hathaway family, GEICO aims to improve lives by protecting individuals from unforeseen events while offering savings and excellent customer service. In addition to personal auto insurance, they also provide commercial auto and personal umbrella insurance, as well as various other coverages through non-affiliated insurance companies via the GEICO Insurance Agency, LLC. For a quote or additional information, visit GEICO.com.
