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Top Tips for Reducing your Fleet Insurance

Top Tips for Reducing your Fleet Insurance

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

Blog Archive

2016 November

Fewer HGV collisions as speed limits on UK roads increase

2016 October

Thousands of lorries to be banned from London
Cycle helmets: Should we follow in Australia’s footsteps?
Why your lunch shouldn’t be a crash diet!

2016 September

10 reasons why you and your drivers should join ‘How’s My Driving?’
Struggling with stress behind the wheel?

2016 August

Should the Highway Code be taught in schools?
Research reveals most dangerous HGV designs for blind spots
Can you decipher common car safety features?

2016 July

British Government welcomes public opinion on autonomous vehicles
Will the proposed driving test changes improve road safety?

2016 June

Are Attitudes Towards Road Safety Issues Changing?
Should Motorists Be Fined for Driving Too Close to Cyclists?
Steering group take the wheel on road safety projects

2016 May

Pedal Power: London’s Cycle Boom
How courier fleets can benefit from having a How’s-My-Driving? sticker on their vehicles
Emergency services confidently ask “How’s My Driving?”

2016 April

Hello... Is it me you want to hire?
Wot No Drivers?

2016 March

Schoolchildren Driving Home Road Safety

2016 February

Top Tips for Reducing your Fleet Insurance

2016 January

The Ultimate Winter Road Safety

2015 December

Should we lower the Drink Drive limit?

2015 November

Welcome to Road Safety Week 2015
Are you ready for road safety week?
Look out for Cyclists!

2015 October

Survival tips for long distance driving

2015 September

New plans to overhaul driving tests

2015 August

THE most frustrating driving habits

2015 July

Minty Fresh and Birthday Ready
Is Street Velodrome Coming to a Town Near You?

2015 June

It’s Our Birthday!

2015 April

Where drivers are really looking?

2015 March

Safer Motorways: New Technology

2014 July

How’s My Driving and Just Fleet team up

2014 April

Budget safety scheme leading the way
Don't leave road safety to chance

2012 June

The Winner of the Cycle Sticker Competition

2012 March

Cycle Badge Competition

If you would like to get in touch with us to discuss setting your company up with the scheme, you can phone us on 01480 478 212. or email us at [email protected].