The Novanto telematics box has a GPS receiver that permanently tracks a vehicle’s exact position on the basis of the worldwide satellite tracking system and is hooked up to a GSM module.
Via a coded cellular radio connection this sender can transmit the location of the vehicle to the control center. The radio message may be triggered by an alarm system, by pressing an emergency button in the vehicle or by a motion transmitter activated as soon as the vehicle starts moving.
Novanto can, for example, also be programmed to allow a fleet’s central office to request the vehicle’s current position, whenever required.
Novanto is available both for retrofitting and as original equipment. Automakers can thus offer their customers more value in their vehicles. Service providers can use the technology as the basis for development of software platforms that provide insurance companies, managers of vehicle pools, or fleet operators attractive benefits.
The percentage of vehicles equipped with such systems is still quite low in many markets. Nevertheless, there are a number of countries worldwide in which systems of this kind are a prerequisite for registering vehicles of a certain value. What’s more, most insurers will refuse to cover exclusive luxury vehicles, powerful sports cars and valuable vintage cars not outfitted with a tracking system.
The idea of individualized auto insurance premiums opens up a further market that can be tapped for tracking solutions of this type. Motorists who do not exceed a certain driving performance, avoid high-risk areas or stick to given routes stand to qualify for rebates.