Farmers Save on Premiums as NFU Mutual Promotes Vehicle Tracking for Risk Reduction

NFU Mutual, the UK’s largest rural insurer, is offering discounts to farmers and rural businesses that fit approved vehicle tracking systems to their agricultural and commercial machinery. As rural crime continues to rise—especially thefts of high value farm equipment—these incentives are designed to help reduce risks, claims and recovery rates.

By promoting GPS based tracking solutions from trusted providers like Pinpoint Trackers, NFU Mutual is helping its policyholders protect their valuable assets like tractors, quad bikes and trailers. The results are already being seen. NFU Mutual has reported that the cost of GPS theft was over £500,000 in the first 4 months of 2023, so it’s clear that proactive measures like vehicle tracking are needed to combat these losses. (https://www.nfumutual.co.uk/media-centre/harvest-security-alert-as-cost-of-gps-thefts-doubles-in-2023)

Tracking technology not only deters theft but also plays a big part in asset management and operational efficiency. For rural businesses the cost benefit is clear. The upfront cost of a tracker is often offset by reduced premiums, faster recoveries and fewer business interruptions.

NFU Mutual are offering up to £410 off a range of Thatcham approved Trackers. Plus discounts on an NFU Mutual agricultural vehicle policy for any vehicle fitted with a Thatcham approved Tracker device—up to 12.5% off tractors and 10% off quad bikes. (https://www.nfuonline.com/nfu-member-rewards/tracker)

With NFU Mutual’s support more farmers are taking a proactive approach to risk management. Vehicle tracking is becoming a smart and cost effective solution to rural crime—one that protects livelihoods and reduces long term insurance costs.

If you're interested in finding out more about how our trackers can help to reduce your premiums, contact us here.

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