Mercia Fleet Management has secured a 25% reduction in insurance premiums for a major client at a time when insurance costs generally are on the increase.

Mercia slashed insurance costs for its client using a number of best practice interventions

Working with London-based broker Konsileo Commercial Insurance, Mercia – the fleet management division of EV salary sacrifice specialist Fleet Evolution – was able to slash insurance costs for the client’s 1,000-strong vehicle fleet using AI-enhanced driver profiling and accident damage assessment.

That’s despite a rise in insurance premiums in general across the market – one well-known comparison website says that premiums have gone up by 43% over the last 12 months.

Andrew Leech, head of Mercia Fleet Management and founder of Fleet Evolution, said: “These interventions work for fleets of all sizes, and we would be happy to discuss with smaller clients how these processes and interventions can help them reduce the cost of their insurance premiums.”

Mercia’s analysis also explored the impact of EVs on accident statistics due to the client’s high number of electric cars on the fleet. Its research found that EVs were safer than ICE equivalents and had lower accident rates. The study revealed that although EV repair costs were slightly higher per vehicle, the overall repair costs of EVs were lower due to the lower rate of incidents.

This was attributed to the high levels of advanced driver assistance systems (ADAS) typically found in the latest EVs, including lane departure warning, lane assist, automatic emergency braking, forward collision warning, parking assistance and blind spot monitoring.

Mercia is still offering spaces on its summer series of free educational and myth-busting EV workshops, designed to put every aspect of running EVs under the microscope.

Available throughout July, the workshops draw on the company’s experience of managing EVs for fleet customers and aim to address all the current fleet concerns involved in running EVs.

“Interest and uptake has been very good from businesses keen to switch to electric but wanting to take an in-depth reality check before making the commitment. There is still a large knowledge gap to fill in many cases and we still have places available for interested parties,” added Leech.

To book your place in the workshop sessions or to register an interest in holding one at your workplace, please click here or email: [email protected].