Installation Of Camera Technology
Everyday motorists are becoming increasing users of in-car cameras. Indeed they come with a variety of benefits for the commercial vehicle.
More than likely you have watched online videos showing funny traffic incidents or close-call collisions which were caught on a dashboard camera. However, if the camera is in use in the event of an accident, the footage can be used as evidence when a fraudulent claim needs to be defended.
Currently, crash-for-cash collisions are coasting £350 million per year, this alone has a massive impact on insurance premiums. By getting rid of this issue, we will certainly see the price of quotes going down as well.
Don’t Add On Extras You Don’t Need
Much of the fleet insurance you come across will have additional cover and extras which you really don’t need.
For example, windscreen cover can significantly increase your premium while the actual cost to replace it, should the need arise, would be less if you went for an independent repair option.
It may also be worthwhile to shop around for breakdown cover and make a comparison with what you find and what your insurance provider is offering.
Opt For Vehicles Which Cost Less For Insurance
While the purchase of a new fleet or the lease of an updated vehicle may seem expensive, it can actually save you money when it comes to the insurance premiums.
Newer vehicles tend to be kitted out with the latest in security and safety features which minimize the risk of the vehicle being stolen and also can offer better protection against personal injury claims. In addition, newer vehicles are more fuel efficient, give off reduced CO2 emissions and hence were cheaper for our car insurance. You will also be able to make a saving on repairs, breakdowns and your fuel costs.
Which type of vehicle you choose will depend, to a large extent, on your business, in fact you may not have too much room for flexibility. However, by reducing risk in areas which are possible, you should be able to lower your insurance premium.
Make Use Of Secure Overnight Parking
When the vehicle is on the road for typical business hours, it will need a place to be stored overnight. Since a large amount of valuable assets are in one spot for a period of time, insurance providers have the chance to cash in on the insurance premiums which they charge.
Certainly, it may be a challenge to find a suitable place, however if you can assure your insurance provider that the vehicle cannot be damaged or stolen, it may make a considerable difference to the premium quote.
Providers have been known to charge more when a vehicle is stored in a garage as something could fall from a shelf or ceiling damage could affect the interior. Hence the need to check with the insurance company to see what they deem as an ideal location.
Opt For A Higher Excess
As is the case with standard car insurance, asking the provider for a higher excess is an option. This is sure to bring the price down but you will have to pay out more if a claim occurs.