Why Your Fleet Camera Investment Isn’t Cutting Your Insurance Costs – And How to Fix It

Are you investing in vehicle cameras but still watching your fleet's insurance premiums climb year on year?
It’s a common and frustrating story we hear across every sector, from last-mile delivery vans to long-haul HGVs. Operators invest in technology to prove liability and reduce claims, only to see little or no impact on their renewal costs. Many end up ripping the system out or replacing it with another solution that delivers the same disappointing results.
The problem isn't always the camera technology itself. It's the strategy behind how it's used.

The Insurance Metric That Matters Most: Your Loss Ratio

If you want to lower your insurance premiums, you must focus on one single, critical metric, your loss ratio.
Simply put, your loss ratio is the total cost of your claims divided by the total premium you pay, expressed as a percentage.

To an insurer, your loss ratio tells a clear story about your risk profile:
0% – 40% Loss Ratio: You're a low-risk client. A premium reduction is likely.
40% – 50% Loss Ratio: You're a stable risk. Premiums will likely remain static.
50%+ Loss Ratio: You're a high-risk client. Expect a significant premium increase.

The only way to achieve a better renewal price is to improve your loss ratio. And to do that, you must reduce the amount your insurer pays out on claims. This is where a multi-camera system, powered by the right strategy, delivers real, measurable results.

Three Proven Camera Strategies to Improve Your Loss Ratio

Here are three ways to transform your cameras from a passive recording device into an active tool for cost reduction.

1. Proactively Reduce Own-Fault Collisions

The most direct way to lower claims costs is to have fewer collisions. Multi-camera systems combined with telematics data are essential for building a culture of safety. They enable you to:
Identify high-risk behaviours like harsh braking, sharp cornering, and distraction.
Provide clear footage for effective driver coaching and training sessions.
Create a safer driving culture that reduces the frequency of own-fault incidents.

Fewer at-fault incidents directly translate into fewer payouts from your insurer and a healthier loss ratio.

2. Successfully Dispute Non-Fault and Fraudulent Claims

Every time your insurer pays out for an incident that wasn't your fault, your loss ratio takes an unnecessary hit. This includes everything from fraudulent "crash-for-cash" scams to genuine accidents where liability is wrongly assigned.
A 360° camera system provides irrefutable evidence to:
Prove what really happened and disprove false or inflated claims.
Protect your fleet against organised insurance fraud.
Ensure non-fault claims are correctly assigned, keeping them off your claims history.

Removing even a handful of these payouts can have a massive impact on your renewal premium.

3. Accelerate Claims Resolution to Control Costs

The longer a claim remains open, the more expensive it becomes. Third-party costs, such as hire car charges, can quickly spiral out of control, sometimes exceeding £200 per day. A drawn-out process, even for a non-fault claim, can inflate costs and negatively impact your loss ratio.

Instant access to reliable footage and data ensures that:

Your insurer receives a First Notification of Loss (FNOL) report with all the evidence needed to establish liability immediately.

Claims are resolved in days, not weeks or months, slashing ancillary costs.

Your loss ratio is protected from the impact of inflated, third-party charges.

The Bottom Line: Strategy Turns Technology into Savings

Fleet camera technology is a powerful tool, but it's only a part of the solution. Without a strategy to actively leverage the data to reduce own-fault incidents, challenge non-fault payouts, and accelerate claim resolutions, you're missing the full potential for reducing your insurance premiums.
The fleets that successfully reduce their insurance costs are those that treat their cameras as a core operational tool for managing their loss ratio.
Get the strategy right, and you will not only take control of spiralling insurance costs but also create a safer, more efficient, and more profitable fleet.

Ready to implement a strategy that delivers real insurance savings?

MANTIS RECON's Collision Insights feature is designed to do just that. It automatically packages camera footage, telematics data, and vehicle information into a comprehensive, evidence-based report that accelerates claims, proves what really happened, and gives you the tools to actively manage your loss ratio. Find out more here: https://www.mantislive.com/collision-insights