How Can You Take Control?
- Identify & Manage Risks – Use claims data to pinpoint high-risk areas.
- Driver Training & Incentives – Encourage safer driver through training and bonus schemes.
- Technology Solutions – Dashcams can dispute claims, and trackers can prevent theft.
For some, increasing your excess can also lower your premiums, although it depends on your insurer and claims history. Some insurers may offer discounts for higher excess contributions. While the savings may not be immediate, it can benefit the industry-wide claims pool, potentially impacting long-term pricing.
How Can You Reduce Your Premium?
- Regular Policy Reviews – Ensure adequate coverage without overpaying.
- Monitor Claim Frequency & Procedures – Proactive management can prevent excessive claims.
- External Factors – Consider road conditions and operational risks.
Is There Any Truth To The ‘Golden Hour’?
Prompt claims reporting can help reduce inflated costs, with delays likely to increase final claim amounts. Insurance companies place great importance on how quickly individuals report an incident – ideally within the first hour.
This is where technology becomes a vital tool for drivers, enabling them to gather and share all key details effortlessly: the other driver’s and vehicle’s information, exact location, date and time, witness details, attending officer’s name, and more. A structured process helps ensure all necessary information is captured, reducing reliance on memory and minimising the risk of forgetting or overlooking details that could support a claim.
By investing in fleet management technology, to implementing risk management practices and driver training, you can not only protect against future premium hikes and reduce insurance costs, but also enhance the safety and efficiency of your fleet operations.
