InvestorsHub Logo
Followers 75
Posts 7486
Boards Moderated 0
Alias Born 04/18/2006

Re: hixsoninvest post# 47061

Tuesday, 10/24/2006 11:21:06 PM

Tuesday, October 24, 2006 11:21:06 PM

Post# of 92056
Great idea Hix: IMO, the savings isn't on little speed limit charges, the savings would be in insurance costs. If you can monitor diagnostics, you could maybe see the RPMs prior to blowing the engine or speed at time of crash, etc.. Hence, the individual would be responsible and rental car companies could reduce insurance premiums. Or you could increase efficiency of car rentals. You would know exactly where your rental car was, and anticipated time of return, enabling you to schedule the next rental for that car more efficiently. Also, in Europe insurance companies give discounts to people who have their vehicles equipped with GPS tracking devices. I think everyone can remember when it seemed that a bunch of rental cars were being hijacked. Maybe insurance companies would also give rental companies these same discounts.

"To Give Anything Less Than Your Best, Is To Sacrifice the Gift." - Steve Prefontaine