One question that many entrepreneurs have when they start to see their businesses grow is how to contain costs. Hiring staff and salespeople (or delivery drivers) requires buying or renting vehicles with all the associated expenses. Let’s see how to minimize the cost of fleet insurance for our company’s vehicles.
The most important thing is to compare
Like everything else, until we have two or three options on the table, we will not be able to know if we are making the right choice among the different options. The bad thing about doing this is that it requires more time, if we go to different companies or different suppliers. The good thing is that it will then allow us to be able to choose between alternatives.
However, we must know that an Insurance Brokerage will allow us to talk to a single interlocutor, and that he or she will be in charge of quoting it in several places in order to offer us the best proposal.
As we have already explained in other articles, the importance of the SINCO bonus in car insurance is enormous, and it probably depends on them to get a better or worse price in our fleet.
What coverages do I want according to the vehicle it is
In order to make the right choice of where to take out our insurance, we also need to know how we want to take it out.
Depending on the type of vehicle and its age, we may be interested in taking out comprehensive or third party insurance. It will depend on whether our insurance will cover the damages suffered by our vehicle or not.
Our advice? Up to 5-6 years it may be of interest to have an All Risks insurance. In addition, if the insurance is contracted with excess, the cost is greatly reduced.
And if I have them through leasing, what about insurance?
The truth is that we must choose a leasing company that allows us to choose the services we want to have with them.
We may think that by including everything in the leasing we will get a better price. There will be times when it will and many times when it will not. As with everything, it is a matter of comparing and evaluating.
Unfortunately, we have encountered several occasions in which the insurance was charged at more than 1,000 euros for a car, which in our case was half the price.
If you want us to help you:
- In the procurement process
- In view of fleet renewals
- In the event of a claim, to speed up the procedures with the insurance company and help if there are problems.
PIB Group Iberia has thousands of insured vehicles, helping dozens of companies in their day to day management. With a single contact, enjoy all these advantages without obligation.
