How’s My Driving? - Safe Driving Blog Tips
It’s no secret that the last 12 months have seen a steady rise in motor insurance and whilst this has primarily been in the private vehicle market, these charges have also been reflected in the fleet insurance market.
According to TomTom Business Solutions since 2012, 48% of commercial vehicle fleet managers have seen their premiums increase significantly. So with this in mind, the team at How’s My Driving? thought it would be appropriate to put together 5 proven ways of reducing your fleet insurance premiums.
1. Employ drivers with a clean license
Drivers who have previous points or driving convictions on their license will undoubtedly affect your premium costs. Insurance providers will often look to see whether drivers have been convicted for drink driving, caught speeding or had a particularly large amount of claims. Therefore, it is crucial that you’re honest with the insurance company when purchasing the contract, otherwise you might not be protected.
2. Commit to risk management procedures
If you commit to regularly undertaking measurements to manage your occupational road risk, then your fleet will be rewarded with a lower insurance premium. The How’s My Driving? road safety badge scheme is just one of those practices, why not take a look at our fleet insurance page to see how it could benefit your company.
3. Driver training programs
Drivers who receive ongoing training will hopefully be safer drivers, resulting in few accidents. From intensive driving courses, to weekly cyclist awareness courses, there are a wide range of options available. By joining the How’s My Driving? scheme your company will gain access to a road safety scheme management tool which allows you to download real time reports to help target your drivers CPD training. Remember to always check with your insurance company to see if they acknowledge particular CPD courses or providers.
4. Don’t waste time when making a claim
In the event of an accident it is recommended that you make a claim immediately because whilst the case is being investigated/settled, the insurer will be paying out a hefty amount for a replacement vehicle whilst yours is off the road – costing them lots of money. Therefore, when it’s time to renew your policy your insurer will take into account the amount of money you’ve cost them in the previous year, hence the quicker the claim the less the money spent, thus giving you a cheaper renewal quote.
5. Choosing the right fleet
When it comes to choosing the right type of car/van/HGV for your business fleet there are many factors to consider, all of which may provide long term savings. Newer vehicles with up-to-date security systems, fuel efficiency advancements and in-car navigational systems will save you money on breakdowns, repairs and fuel. Why not try the Fleet News running costs calculator? The online tool is designed to help fleet operators research and compare vehicle costs.
Fleet insurance is an inevitable and costly expense, but it absolutely necessary in order to provide appropriate and fitting protection. Remember not to settle for the first quote you receive, take advantage of the latest website comparison technology to ensure you are getting the best deal.
10 February 2016