Cut the Cost of Fleet Insurance
Cut the cost of fleet insurance
Fleet insurance can sometimes be overlooked but it is imperative cover should you have more than one vehicle you wish to insure. Sometimes family fleet policies are available, however, the most common would be a business fleet insurance policy.
Insuring multiple vehicles for various staff to operate can sometimes lead to costly policies but here at its Fleet Insurance we have a few ideas that may help cut the cost of your fleet cover.
- Have procedures in place for the risk assessment and risk management of drivers.
This will help prepare the insurer and/or broker when searching the market for the best, most appropriate policy. Having something like this in place allows certain information to be used positively and can ensure that specific risks are covered.
- Put experienced drivers on the policies.
This will come as no surprise. Insurers like more practiced drivers and will prefer the experienced drivers opposed to not. Often, policies will have a stipulation of cover which could mean that under 21s or under 25s are not automatically covered on the policy.
- Emphasise vehicle security
This is in line with the management of the risk. If your fleet is locked up in a secure garage overnight, it will be much more appealing to an insurer.
- Consider installing dashboard cameras
The latest technology can often be a positive thing when it comes to fleet insurance. Some fleet insurers could look favourably if you had cameras on board and could result in a possible discount.
Generally, saving money across your fleet cover can also be applied to most forms of vehicle insurance. If feasible, an annual payment could result in less interest accruing throughout the year. It’s also a good idea to stay away from modifying your fleet (other than the necessities!). Finally, speak to a fleet insurance expert like it's Fleet Insurance and get advice for your individual situation.
