In the trucking industry, having insurance coverage is an absolute must. However, when covering an entire fleet, the cost of premiums can quickly add up.
Insurance companies consider many different factors when determining your rate — and the driving record is one of them.
You can reduce truck fleet insurance costs by investing in driver safety programs. Here’s a look at how this additional training can help.
Improved Driver Safety
As their name suggests, driver safety programs are focused on safety training. They show drivers of all experience levels how to handle the truck in a way that will minimize accidents and, ultimately, the need for filing an insurance claim.
For instance, different weather conditions and certain types of cargo can dictate how the truck should be handled safely. Knowing how to drive defensively, and being proactive on the road rather than reactive can reduce risk. And, being able to address emergencies as they happen while remaining calm and safe are all benefits that can come from driver safety programs.
Reduced Accident Risk
When drivers are better equipped to handle adverse weather conditions, road hazards, breakdowns, bad drivers, and other sticky situations, they can get through them without an accident.
There is no denying that truck drivers with the proper training tend to be involved in fewer accidents – if any accidents at all. The extra step for safety reduces the need to rely on your truck fleet insurance, as little to no claims will need to be made.
This benefits your fleet, too. Not only will the cost of insurance be lowered, but you won’t have to worry about your trucks or drivers having much-wasted downtime.
Get to Know Your Drivers
By enforcing a driver training program for all drivers in your fleet, you are setting the bar high for safety, making it known that doing things right and handling the truck properly are expected. Those who don’t make it through the program successfully become a high risk — and this may lead to accidents or other dangers that could negatively impact your insurance premium.
In other words, these programs can open your eyes to drivers who may need extra help or attention before heading out on the road.
Savings on Insurance
Because driver training can provide so much education for drivers and yield such great long-term results, many insurance companies offer discounts for those fleets that make them a requirement for drivers.
This savings may come in various forms.
Some insurance carriers may offer a specific discount for trucking companies who make completing a formal training program a condition of getting behind the wheel. Others may not necessarily address the training specifically but will reward truckers with lower deductibles for their commitment to safety. And, of course, those with great driving records who prioritize safety have a greater chance of getting approved for a policy that has favorable terms.
The more steps you take to protect your fleet and mitigate risk, such as utilizing driver training programs, the greater your chance of reducing your truck fleet insurance rates.
Daniel & Henry provides comprehensive, value-added commercial truck insurance solutions designed for your trucking business. To ensure you are covered no matter the situation, learn more about their coverage options at https://truckerinsure.com or call 877-406-5915.