Fleet insurance money-saving tips
July 9, 2025If yours is a small to medium sized business, your fleet insurance costs are likely to be significant. How can you cut the expense without compromising the insurance cover of your essential business transportation needs?
Use a fleet insurance broker
If you search online, there are many options for fleet insurance. But it is very much a specialist type of cover, and you may find the knowledge and experience of a broker will help you access the most suitable motor fleet insurance. Through a broker – such as us here at Alan Blunden – you can arrange personalised cover to suit the particular make up, age, and nature of your fleet of vehicles.
Invest in the technology
These days, technology is all around us, of course. When it comes to managing the risks of your vehicle fleet, the technology comes into its own through telematics. This is the clever technology that delivers real-time information and data about the way in which any vehicle is being driven – including such risky behaviours as speeding or harsh braking.
When you have telematics installed to help manage risky driving, some insurers will recognise the benefits by granting discounts on your fleet insurance.[sh
Up to date technology can also be used to track any high-value vehicles in your fleet.
Managing your drivers
Fleet insurance providers will also want to know how strictly you vet your drivers. Of course, you will be conducting the usual checks – with the DVLA on their driving licences, their own insurance claims history, and any driving convictions.
You might impose a further age restriction – limiting the driving of vehicles in your fleet to those over the age of 25, for example – or require further qualifications leading to advanced driving certificates. A good example of the latter are the advanced driving courses offered by the Royal Society for the Prevention of Accidents (RoSPA).
When any driver leaves your employment, remember to remove them immediately from the list of designated drivers on your fleet insurance policy.
Is your fleet securely parked?
Most small and medium sized businesses will have vehicles on the road only during daylight hours. Where they are parked overnight is a significant security concern. Insurers will welcome the extent to which that parking is kept secure – especially if surveillance by CCTV cameras is maintained.
If your business is spread over several separate locations – and you have more than one option for overnight parking – bear in mind that postcodes for low-crime areas are likely to attract lower premiums.
Optimise your fleet insurance policy
The careful management of your fleet insurance policy can reap cost benefits.
Always pay the annual premium in one instalment when it falls due. Although you might be tempted to spread the costs by paying monthly, this will come with hidden finance fees (to cover the cost of the credit you enjoy) that can add more to your annual insurance bill.
Remove any unnecessary insurance add-ons. One example might be the deletion of any European cover if your vehicles are engaged in strictly UK-only transport.
You might consider arranging a higher excess on any claims made through your fleet insurance policy – this will reduce the cost of the premiums, but you will clearly need to maintain sufficient cash reserves to pay any increased excess in the event of a claim.
No false economies
Finally, make sure to avoid any false economies. Of course, you’ll want to save money on fleet insurance premiums wherever possible, but not at the expense of the cover and protection that appropriate policies will bring. One major claim in the absence of those safeguards could wipe out years of any savings on premiums.
Further reading:
How to save money on your fleet insurance