Checklist to save money on fleet policy costs
Compare fleet insurance have complied a checklist to help you ensure that you have taken all the necessary steps to keep yout fleet costs in check.
1New customers or renewal time – Most brokers offer attractive introductory discounts for new customers. As such it does pay to shop around at renewal time.
2Reduce 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.
3Build a history of no claims discounts – This can play a big factor in reducing fleet cover costs. As such focus on reducing your claims. Reducing claims should result in significant savings on your insurance costs.
4Black 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.
5Regular 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 will help reduce accidents.
6Security - Add additional security devices approved by the UK insurance industry.
7Increase the excess - Taking more responsibility for the costs of any future claims. Do this by increasing the policy excess amount. This will be rewarded by a policy discount. First ensure that you will be able to afford to pay the excess in the event of an accident.
8Expert advice – Take advice from the fleet insurance specialists when unsure of what you should include.
9Named Drivers : If possible avoid any driver fleet insurance and choose named drivers only.
10Driver Age : Drivers Under 25 Attract A Higher Premium. If possible ensure all drivers are over 25 or If possible over 30.
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