By now you’ve experienced first-hand how much gas prices have skyrocketed this year. But have you shopped around for or renewed an auto insurance policy recently?
Even though fewer Americans drove during the pandemic, insurance costs are still expected to rise this year. With cars becoming more expensive to buy and repair, supply-chain and labor shortages and an increase in reckless driving, Marketwatch says it’s a perfect storm for a price bump in auto insurance premiums.
With businesses already struggling to keep up with inflation and outrageous prices at the pump, how can you ensure that you are getting the lowest possible quote for your fleet’s auto insurance? The initial answer may lie in having strong hiring and training policies.
How to Reduce Your Fleet’s Auto Insurance Rate
Your Hiring Process Matters
A thorough hiring process sets a good tone for both your new drivers and for insurance companies. When submitting your application to insurers, including a robust new-hire process that proves you carefully vet your drivers can help you secure a lower rate.
Your hiring process needs to help you retain good employees and onboard in a way that’s quick and efficient. Hiring drivers the old-fashioned way can be expensive. If you’re manually pulling MVRs and deciphering violation codes, you’re putting some serious time and effort into something that doesn’t have to be complicated.
Technology can help you hire better drivers and get them on the road sooner – giving you a great case for insurance carriers when you’re looking for a reduced rate. SambaSafety can help you reduce your liability exposure with every new hire.
With SambaSafety, you can:
- Create hiring thresholds
- Download MVRs and sort applicants from high to low risk in seconds
- Make data-driven hiring decisions instead of educated guesses
Watch Our FREE Webinar:
How to Hire & Onboard Safer Drivers Faster
Don’t Skimp on Driver Training
So, you’ve got a quick and easy process down for bringing in the right drivers. But how will insurance carriers trust that these drivers will maintain safe driving behaviors once they settle into their position? Your drivers are transporting high-value vehicle assets, and they hold great responsibility as a representation of your company while they’re out on the road.
You need to have a solid system in place for keeping your drivers well trained and up to date on the latest safety regulations. In turn, your training process can help cut the cost of your insurance premium and reduce potential claims if it’s truly effective. You may think that offering a robust training program would require a big commitment to run and develop consistently, but SambaSafety has simplified this process as well!
You can assign training during hiring and onboarding, refresher periods or remediation efforts. The platform’s capabilities allow you to easily establish targeted interventions by enrolling drivers in relevant training courses as needed or on a frequent basis.
Beyond insurance prices, there are high costs associated with finding and onboarding new drivers – making it critical for companies to proactively intervene with at-risk drivers before they’re disqualified and need to be replaced. Upon discovering a new violation or high-risk driving behavior with near real-time alerts, you can immediately enroll those at-risk drivers in training courses that address high-risk behavior BEFORE a crash or disqualifying incident occurs.
Reduce Your Insurance Premiums and Claims with SambaSafety
How are you exhibiting your commitment to safety? A thorough hiring process paired with ongoing driver training is a comprehensive strategy that can get you a leg up in securing a lower auto insurance rate. And the time you’re saving your team internally with these streamlined processes can cut some serious costs as well.
Watch our exclusive webinar to learn how to put safer drivers on the road sooner.
