There are several types of issues which can affect the costs when it comes to fleet insurance. By the same token, there are several ways you can save money if you follow these tips. Here are some ideas for you to keep in mind if you want to keep your fleet insurance costs as low as possible. Let’s face it this annual cost is one of the more painful ones.
Fleet Insurance Driver Training
Training professional drivers is one of the best ways to keep your fleet insurance affordable. Obviously you shouldn’t hire drivers with bad driving records, because they are likely to get into more trouble. But to really get the most out of it, hire drivers who have followed professional training. Not only will they save you money on repairs, they will also save you a lot of hassle, sick-leave, and office time once claims need to be filed.
Regard driver training as an investment as this is what it is. In fact it is not only the insurance premiums that it can help with but also the trained drivers will drive in a more fuel efficient manner. This can save many thousands throughout the year.
Actually many fleet managers will insist that every driver follows a driving program so as to reduce the number of incidents. And if it’s not a requirement, you should still consider driver’s training. After all, do you want to risk problems simply because that young snazzy salesman you hired is too excited about driving his new car and takes unnecessary risks?
Fleet Insurance-Why You Should Keep Perfect Records
Make sure that everything gets filed and reported immediately when anything happens. If you don’t, a simple violation or minor accident can cause tremendous delay in response time, and that in turn can lead to more costs.
It would be plain stupid to lose money only because of sloppily kept records, so track everything with precision. It may seem boring but once you get into the habit it is not so bad.
Another thing to keep in mind is that a comparison of repair costs shows that repairs done under insurance tend to be much cheaper.
All this together means that you want to know what is going on with your fleet, your fleet insurance, and your fleet drivers. If you don’t know all the ins and outs, I can guarantee you’re spending much more money than you need to.
So call your fleet manager and schedule a meeting. Go through all the details and try to find where there are gaps in the records; which drivers are costing you most; and which ones have the poorest records. Be informed about your fleet insurance so that you can make informed decisions.
