WITH fleet costs rising all the time, it is wise to find where to cut the fat and save some money on operating costs. There are a number of ways to save money but one that is often overlooked is the insurance to cover the fleet. It seems like the price is fixed and there isn’t much to do about it.

Yet, there are a lot of ways to save money on insurance to bring your fleet costs down. In this article, we will go over several ways to save money by insuring your fleet.

1 – Shop around

Insurance for a whole fleet of vans or trucks would be a jewel in the crown of many insurance agents. This is why they love to get managers to switch companies. It pays off to shop around and see if you can lower your premium without having to do much aside from reading some Progressive insurance reviews and making a few phone calls. 

Talk to some insurance reps and give them an idea of your needs and what you are currently paying. Chances are that they will find a way to beat that price. In some cases, you may also find that you have been overpaying for coverage that you didn’t need. In which case they can offer it for a reduced price or you can drop it altogether. 

2 – Use technology

A great way to passively save money on your policy is to have safe driving be rewarded with lower premiums. The way to show that your drivers are doing things the right way is to use technology. There are trackers and dash cams that will record and monitor their driving behavior. 

Trackers are not just GPS devices that will let you know where your van is. They are also there to track driving behavior. It’s like a black box that planes use for data recording but for a vehicle. It tracks things like speed, braking, and how the driver takes corners. This is all data that an insurance company would love to have. If they are careful drivers then this will reduce your insurance premiums.

Dashcams are great for helping to determine the fault for an accident. When it comes down to one person’s word against another’s then things can get complicated and your premium may go up for no reason. An accident with video proof of who was at fault will help your case with the insurance company. 

3 – Retrain drivers

For that technology to work, the drivers have to actually drive in a way that the insurance company will want to reward you. This means that the drivers have to be defensive drivers and follow all road rules.

Make sure they understand what is expected of them and retrain them to drive with these parameters in mind. Defensive driving doesn’t just help prevent accidents. It is also fundamental in driving in a way that will not only reduce your insurance, but also maintenance and fuel costs as well. 

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