Chicago Insurance Provider Offers Services to Commercial Fleets in Michigan

High Definition Vehicle Insurance (HDVI), a Chicago-based provider of commercial auto insurance technology, is expanding into Michigan, providing trucking fleets in the state with data, tools, and coverage the company says can reduce insurance costs, increase safety, mitigate risk, and improve overall efficiency.
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Chicago commercial vehicle insurance company High Definition Vehicle Insurance is expanding into Michigan. // Courtesy of HDVI
Chicago commercial vehicle insurance company High Definition Vehicle Insurance is expanding into Michigan. // Courtesy of HDVI

High Definition Vehicle Insurance (HDVI), a Chicago-based provider of commercial auto insurance technology, is expanding into Michigan, providing trucking fleets in the state with data, tools, and coverage the company says can reduce insurance costs, increase safety, mitigate risk, and improve overall efficiency.

“In Michigan, trucks move more freight than any other mode of transportation, and Michigan fleets face incredibly high insurance premiums, which impact their entire business,” says Chuck Wallace, co-founder and CEO of HDVI. “HDVI has set out to innovate the commercial auto insurance industry, and we can help small and midsize Michigan fleet owners improve the overall safety of their vehicles and drivers, and ultimately, lower insurance costs.”

According to the Michigan Trucking Association, there are 19,750 trucking companies located in Michigan, and they are primarily small, locally owned businesses.

Earlier this year, the company launched HDVI Shift, a dynamically priced commercial trucking insurance coverage that uses onboard telematics data to inform real-time risk models. With HDVI Shift, fleets can save up to 12 percent on their monthly premium based on real-time driver safety, rather than waiting for their insurance company to recognize their safety gains, which could take years.

HDVI says it delivers a more tailored service than traditional insurance providers by providing safety insights through the fleet portal, and meeting with fleets monthly to help them identify where they can focus their efforts to improve safety and reduce insurance costs. Drivers also are engaged through the HDVI Driver+ mobile app, where they can earn rewards and receive valuable safety information.

Six insurance agencies currently sell HDVI insurance to trucking fleets in Michigan, including HNI Risk Services of Michigan.

“Safety is a priority for fleet customers, as is reducing operating costs, and we’re continually looking for opportunities to help them meet those goals,” says Nathan Steffen, president of HNI Risk Services of Michigan. “Many of our customers invest significant time and resources into the safety of their fleets and HDVI’s innovative, telematics-driven approach will both enhance their efforts as well as help them more quickly realize a return on investment.”

HDVI’s insurance is compatible with most modern ELDs and cameras, but if a fleet’s current hardware is not compatible, HDVI will replace it at no additional cost.

For more information, visit www.hdvi.com.

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