New customers or renewal time –Most brokers offer attractive introductory discounts for new customers, so it does pay to shop around at renewal time.
Reduce your annual mileage –If possible agree a cap on your fleet mileage with your underwriter or broker. Reducing time on the road will also reduce risks and thus you insurance costs.
Build a history of no claims discounts – This can play a big factor in reducing fleet cover costs so work at reducing the number of claims. Reducing claims should result in significant savings on your annual or monthly insurance costs.
Choose a flexible payment method –Most brokers are flexible on installment payment methods. These can be monthly, quarterly or semi annual and remember setting up a direct debit will make the process automatic.
Security- Add additional security devices approved by the UK insurance industry.
Increase the excess- Taking more responsibility for the costs of any future claims by increasing the policy excess amount will be rewarded by a policy discount. Before taking this route ensure that you will be able to afford to pay the excess in the event of an accident.
Expert advice –Take advice from the insurance specialists when unsure of what you should include and the level of cover required.
Black Box : The idea here is to show your insurer that you pose less of a risk because you or your drivers are considered safe drivers. The black box records your driving, for example how quickly and how often you break, speed, extreme or jerky steering.
Regular Service: Some accidents are partly the result of vehicles that are not running 100%. For example a braking system that has been left unchecked. Pursuing a company wide policy of regular servicing alongside driver safety checks will help reduce accidents.