Business


31

Oct 2016

6 Ways to Reduce Your Fleet Insurance Cost

The cost of vehicle insurance has shot up considerably in the last 12 months, and so has the fleet insurance. Commercial motor vehicle fleet managers have been bombarded with the rise in fleet insurance over the last four years.  The following tips, if applied, can help reduce your fleet insurance premiums.

Choose the right fleet

It goes without saying that someone managing an old fleet of vehicles will spend more in insurance premiums than someone managing a new fleet. Newer vehicles are more fuel efficient, break down less and thus need fewer repairs. Moreover, most have up-to-date security systems and in-car navigation systems that are all invaluable in cost saving. It is also cheaper to install vehicle trackers, alarms and immobilisers all which are important in reducing your insurance premiums.

Pay for multiple policies

If an insurer is offering different covers as a package with your fleet insurance, you could take a run for it.  Certain companies that offer fleet insurance services, for example, have public and employee liability cover with fleet insurance at a friendly cost. This will give you more value for your money.

Train and re-train your drivers

Drivers that are thoroughly trained will cause fewer accidents. There are many options for intensive causes that you could sign up your drivers on. Drivers who receive intensive driving courses or cyclist awareness causes make safer drivers. You could also get road safety scheme management tool to help you get real time reports that help manage your drivers CPD training. There are insurance providers that acknowledge particular CPD courses or providers and it’s important to talk to your … Read the rest

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