Are the costs of operating a truck or fleet, really spiralling out of control?
It would seem that getting a cheap deal on your truck and fleet insurance is even more imperative today, since everything else seems to be costing more. What’s more, it would seem that we have no control over these costs. But is that really the case?
It is certainly true that the costs of operating a truck or fleet do seem to be going up. Last month, there was an announcement that UK Consumer Prices Index (CPI) annual inflation rate rose to 4% and experts are already predicting another rise to as much a 5%. What’s more, you can’t help but have noticed that the cost of fuel has increase considerable over the last few years and we seem no closer to any break in the current amount of duty applied to fuel.
Fortunately there are a few things that we can to do mitigate the rise in these operating costs, a few amendments that can be made to your vehicle(s) that could save a lot of money. To save on wasted fuel consumption, you could consider removing decorations and from the front of your trucks, adding aerodynamic accessories and training drivers in economical driving styles and when everything else is costing you more, it is important to try and get a good deal on your insurance. There are some good deals out there and few things you can do to reduce the cost of your insurance.
1. Contact your local insurance broker. Often to get the best deal on your insurance, it is wise to speak to a professional insurance broker.
2. If you have three or more trucks, consider combining them onto one fleet policy. It is often possible to save money by insuring multiple vehicles one policy.
3. Fit a vehicle telemetric system to your trucks. Some insurance companies are now offer lower premiums for companies that fit telemetric systems to monitor the driving styles of their drivers as it has been proven to increase safety and help in the settlement of claims.
4. Protect your No Claims Bonus (NCB) in order to reduce your truck insurance premiums. This will mean taking proactive steps to reduce the risks of accidents occurring.
5. Regular training courses for drivers can impact upon your insurance premium and a good insurance broker should be able to help you find a suitable and recognised training centre.
Don’t think that operating costs are spiralling out of your control. There are many things you can do to reduce the cost of fuel, insurance and other operating costs. For more information on how to save money on your insurance, speak to your local insurance broker.
