Finding Competitive Fleet Insurance By Stanley Headley At Isnare.com Ezine Articles

A cost effective way to insure multiple vehicles is to opt for a fleet insurance policy. There are a number of things that you can do to reduce the cost of your fleet insurance.

The age and experience of drivers will be considered by the insurance companies when they calculate the cost of your fleet insurance. Having a restricted number of drivers rather than an ‘any driver’ policy will dramatically lower the premiums cost. Drivers who have convictions will be considered by the insurance companies but may increase the premiums. The driver’s age will also be a huge factor in fleet insurance quotes. Young drivers and those over a specific age are often seen to be a greater risk by the insurance companies. The age restrictions differ between insurance companies depending on which type of fleet insurance you are looking for. Typically age restrictions apply to under 21s and over 70s, but check with the insurers as some require drivers to be over 25 before discounts are applied.

Having alarms, immobilisers or tracking devices fitted is generally looked upon very favourably by insurance companies. Mentioning that your vehicles have one or more of these devices to the insurers or brokers may provide you with additional discounts on your premium.

Keeping vehicles in garages overnight to reduce the risk of theft or vandalism is another positive step which can be taken to help reduce insurance costs. Vehicles parked overnight in communal parking areas are usually considered to be on-road parked rather than off-road parked. Vehicle security and vigilance should be part and parcel of your driver’s responsibilities.

Vehicles which have the keys left in the ignition and are subsequently stolen may be deemed by some insurance companies as avoidable, this may effect the pay-out when you make a claim. Make sure you read the terms and conditions of your policy carefully. Loss of keys is sometimes included by some insurance companies, pending on which type of insurance policy you have. If it is not included there will probably be an additional optional extra which you may wish to consider.

Most businesses are looking at various ways to reduce their overall running costs, including that of their vehicle fleets. A vehicle with a small engine size will lower overall running costs, including making huge savings on fuel as well as reducing fleet insurance costs quite dramatically.

Monitoring driver abilities and providing on-going training schemes to improve driving skills may also help to reduce running costs. Many fleet insurance companies welcome this type of proactive approach in helping to reduce the risks of accidents and incidents and will offer discounts on premiums to businesses which use such schemes.

Although you may be looking at ways to save money, having the correct fleet insurance is an essential necessity. Ensuring that the insurance policy includes such things as Goods In Transit, Public and Employer’s Liability as well as meeting regulations and legal obligations is paramount. Talk to the insurance companies who specialise in fleet insurance and have peace of mind that you have the most appropriate and competitive fleet insurance available to meet your needs.

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