Businesses with multiple vehicles can choose fleet insurance. This policy allows businesses to cover all of their vehicles with one policy. There is no need to purchase additional premiums, renew the policy and go through claims.
Direct fleet insurance is gaining popularity because it saves businesses money on motor vehicle premiums. The premiums can be reduced by having all vehicles covered under the same policy. There are other ways to lower these premiums and keep them down.
You can keep your fleet insurance costs down by reviewing your policy regularly. You may sell a vehicle, but forget to take it off your policy due to busy schedules. Regular reviews will ensure that your policy is current and that you don’t pay for vehicles you don’t own.
You can also review your policy to make sure you’re not paying too much. You can shop around for a lower price if your policy is ending and you are ready to renew.
To reduce theft, it is essential to ensure that all vehicles in your fleet insurance policy include the required safety features. The cost of insurance will be affected by the location where the vehicles are parked overnight, as well as security alarms and immobilizers.
You can get a lower premium if each vehicle is fitted with an alarm system, immobilizer, and is parked in secure overnight parking.
The price of your direct fleet insurance will be influenced by the drivers. Insurance companies see younger drivers as a threat. The majority of road accidents are caused by drivers under 25 years.
Drivers with criminal records are more likely to raise their insurance premiums. It is important to check with your insurance company if you have drivers who have been convicted for drink driving or speeding, as this could affect your premium.
You want your drivers to be at least twenty-five years old, and have clean driving records. You can often find out if your drivers have no claims bonuses on their personal insurance policies. This can often be used by your direct fleet insurer to verify that your drivers aren’t a risk and reduce your premium.
Drivers who have completed driver training such as advanced driver training can be considered low-risk by insurance companies. This makes them more safe on the roads. This may come at a cost, but it could save you money in the long-term.
It is important to review your fleet insurance policy regularly and compare it with other policies. Make sure your policy meets the requirements of your fleet in terms of coverage and liability.
You might consider asking if you are able to pay a voluntary excess. Some fleet insurance companies offer this option, which allows you to lower your premiums and increase your excess if you ever have to file a claim.
Voluntary excess can be a great option for businesses who don’t need to make claims often or for those who haven’t been required to for many years. This allows the premiums to stay low, and should you ever need to make a claim, the premium will go up. Overall, this can save you money.
Evans and Lewis is an insurance broker that specializes in the United Kingdom. This insurance company has years of experience and works with top underwriters to offer the best coverage that suits each business’ needs. Evans and Lewis are experts in the field and know what business owners want from fleet insurance. They offer a variety of packages, competitive premiums and professional advisors. With a wealth knowledge in the industry, Evans and Lewis continue to work to improve business insurance. They offer quality coverage that gives peace of mind.
