A number one problem with fleets is the high costs of insurance, especially when there are a lot of claims filed. Before fleet tracking, there were more claims at the fault of fleets even if the fleet driver was not at fault. For some reason a larger vehicle like HGVs would get blamed as the culprit most particularly when the fleet truck was parked near a car that was just damaged by a car that left moments before. No matter how it happens that fleets are a target for being at fault with insurance claims there are ways to work on reducing your costs.
The main component of reducing commercial fleet insurance is to have fleet tracking. With vehicle tracking programmes a better record can be found to show who was really at fault. A lot of vehicle tracking devices have on board recorders for driver behaviour and other information. For companies willing to pay out good money it is also possible to have cameras installed on vehicles to make certain that information is recorded such as whether the truck driver accidentally bumped into another car.
During a van insurance comparison there are additional options that can help reduce fleet insurance claims. As you search for HGV insurance consider how the company processes claims. Is the insurance company more favourable to fleets than to other vehicles on the road? How often are they willing to pay out for accidents? What are the parameters of the insurance? What about customer service?
Whether you shop for personal insurance or commercial insurance the process should be similar when it comes to understanding how claims are paid out and customer service. You want a company that is willing to work with you.
Obviously if there is an issue of driver culpability, the driver needs to take the fault and even go through retraining when necessary. Yet, you can still reduce your payments with insurance if you are willing to compare and search for the right products.
Insurance is just one area you should compare when considering lowering your claims amounts. It is far better to compare fleet tracking too. With both devices you can feel protected and reduce your commercial costs across the board. Saving money with the economic hardships running through the UK is paramount to saving your business. Invoice factoring and loans can only take you so far especially if you have high insurance claims.
Tags: Accidents, Commercial Fleet, Commercial Insurance, Company Processes, Culprit, Driver Behaviour, Fleet Driver, Fleet Insurance, Fleet Tracking, Fleet Truck, Fleets, Insurance Claims, Insurance Company, Insurance Comparison, Other Vehicles, Personal Insurance, Products Insurance, Target, Van Insurance, Vehicle Tracking DevicesRelated posts
Homeowner And Auto Insurance Quote – What To Know About Personal Property Insurance
Did you know that if you buy your auto insurance from the same company as your homeowners insurance, you could get a discount? Many companies offer what is called a multi- discount.
Here are a few other tips for saving money when buying insurance:
1.Shop, shop, shop: Always shop around. Different underwriting guidelines may cause one company to charge more for your homeowners and/or auto policy where another company may be able to offer discounts. Get a couple of quotes and compare not only the premiums, but compare overages.
2.Deductibles: Rule of thumb, the higher the deductible, the lower the premium. Remember, however, the purpose of insurance is to make you whole in the event of an insured loss. Don’t raise your deductibles to the point where you’re spending more out of pocket than you can afford. If you currently have a $250 deductible and can live with a $500 deductible, then raise it accordingly. However, if you raise your deductible to $5,000 to save money on your premium and then suffer a loss, that first $5,000 comes out of your pocket. So, raise them only as far as you can afford.
3.Discounts : Ask for discounts. Some companies offer discounts to senior citizens which can amount to as much as 10%. Other companies offer discounts on auto policies to teens who maintain good grades (B or above). Your agent is aware of these discounts so always ask.
4.Longevity: Once you find the right insurance company, stay with them. Insurance companies like loyalty and will offer discounts for remaining with them for several years. Three to five years with the same carrier may earn a 5% discount and six years or more as much as 10%.
5.Credit Score: As unfair as it sounds, your credit score is taken into consideration when determining your premium. Know your credit score and do whatever you can to improve it.
Tags: Auto Insurance, Auto Policies, Auto Policy, Buying Insurance, Credit Score, Deductibles, Homeowners Insurance, Insurance Companies, Insurance Company, Insurance Personal, Insurance Quote, Longevity, Loyalty, Personal Insurance, Personal Property Insurance, Premiums, Right Insurance, Rule Of Thumb, Senior Citizens, Tips For Saving Money