If your business relies on multiple vehicles, you need fleet insurance. Whether you own and operate a long-haul trucking company, taxi business or local delivery service, if you use more than a couple of vehicles, you’ll need fleet insurance to protect you, your business and your workers.
How can you save money when insuring a fleet? The answer is easy – Just work with a fleet insurance specialist like Girard Insurance.
Ask your insurer to analyze the claims history of your business. Experts here at Girard can identify patterns that may be adjusted or corrected in order to save money on your premiums.
Train your drivers
Training seems like a no-brainer, yet some businesses overlook it and assume that all licensed drivers are equally competent. Instead, driver training should be conducted regularly, and drivers should be quizzed about their understanding of how to handle specific situations when they’re operating company vehicles.
Be very selective about your workers
Drivers with ages between 17 and 20 are the most likely to lead to insurance claims. Not only are the claims from this age group more common, they’re also more costly. Premiums are nearly always less for drivers with at least 25 years of age, as long as they have a couple of years of driving experience.
And, it goes without saying that you should run background checks on all drivers – both before hiring them and then periodically during their employment – to make sure that their personal driving records don’t adversely affect your commercial insurance rates.
Take advantage of technologies that can save money
You already know how valuable technology is for roadway safety – Airbags, anti-lock brakes and safety glass windshields are taken for granted nowadays.
Yet, the insurance industry is constantly discovering and implementing new ways of improving vehicle safety and security. By using new technologies, you may be able to save a significant amount of money on your fleet insurance.
For example, front-facing cameras can help protect your company against both fraudulent claims and claims that your driver was at-fault in an accident. As well, rear-facing cameras and alert systems can help keep drivers from backing up into costly objects.
GPS and telematics
Commercial fleets benefit from GPS trackers, which can help locate stolen vehicles and their cargoes, as well as alert you if a driver is taking your vehicle “off the beaten path.”
And, telematics allow drivers to communicate with dispatchers and map out their routes, as well as help monitor compliance with speed limits and company policies. Plus, telematics can send data directly to your insurance company, offering an opportunity to save money on the cost of insuring a fleet.
Work with the best insurance company
The key to saving money on your commercial insurance premiums is to work with an industry leader like Girard Insurance. With more than 25 years of experience in commercial vehicle insurance, we’re known for providing the lowest quotes and the best claims service.
Have a question about insurance for your fleet? Just call us at 520-628-7888