Looking to lower your fleet insurance premiums in 2022? Doug Kelley, managing director at fleet insurance broker Bluedrop Services, advises on three tried-and-tested ways that you can easily reduce the amount you pay for your company’s fleet insurance.

Doug Kelley, managing director at fleet insurance broker Bluedrop Services

1. Use telematics technology

Many insurers reward safer drivers with lower premiums, and fleet insurance is no exception. Of course, your insurer won’t just take your word for it. They’ll want to see a body of evidence that proves your drivers are driving responsibly, and that’s where telematics technology comes in.

Installing tech such as dash cameras and GPS trackers into your vehicles enables you to demonstrate that your drivers are adhering to speed limits, avoiding sharp braking and acceleration, and driving safely. Once you’ve collated enough data, you can use this to negotiate down your fleet insurance premiums.

2. Conduct regular fleet inspections

Keeping on top of your fleet’s maintenance is another way you can look to lower your fleet insurance over time. Get into the habit of making regular, ideally daily, vehicle inspections, checking to ensure that things such as tyres and oil are at the correct levels, and that lights and seatbelts are functioning correctly.

Be sure to keep accurate logs of any inspections you undertake, together with each vehicle’s servicing and preventative maintenance history. Not only will conducting and logging regular vehicle inspections in this way help you to avoid costly breakdowns and/or emergency repairs, it also demonstrates a positive commitment to vehicle safety to your insurer.

3. Invest in electric vehicles

Not only are electric vehicles more economic to run, they can also help you to lower your fleet insurance too. That’s because electric vehicles are less likely to be stolen, easy to locate when they are, and simpler to repair than petrol or diesel cars.

Electric car batteries are also less likely to be damaged in an accident, which additionally is attractive to insurers. This, combined with increasing electric vehicle repair expertise and a simpler engine with fewer moving parts, has contributed to electric fleet vehicles fast becoming more competitive to insure.

If you do have electric cars within your fleet, or you plan to invest in electric vehicles in future, be sure to seek the advice of an insurance broker with electric vehicle knowledge to ensure you secure the lowest possible fleet insurance premiums.