During the next 12 months on average 65% of all company vehicles will be involved in a collision/ incidence. The average vehicle repair costs, following one of these events, can range between Â£750 and Â£5000 per claim.
Depending on previous claims record, fleet size and composition at the time when insurance premiums is due a reduction in insurance premiums of at least 15% could be expected.
You can also expect:
To most companies the operating costs of vehicle fleet is a major bottom line cost.
Driver training can typically reduce fleet costs by up to 20% in the first year.
(*)For example, a company with a turnover of Â£10M with 4% return on sales, a fleet of 40 vehicles with typical incident rates and costs of repair and admin, needs to generate around Â£ 990,000 in revenue simply to cover the full costs of road traffic accidents alone.
(*) Source AA