We take a look at some of the ways you can boost your earnings and minimise your spend to boost your top line.
Whether you manage a fleet of 20 or 2,000 vehicles, your business can always benefit from cutting down your fleet costs. By improving the efficiency of your operations, you can both boost your earnings and reduce the amount you spend on running your fleet.
In this post, we’ll take a look at some top tips on how to reduce the overall costs associated with managing your fleet. We’ll also explain how Zego’s Fleet insurance solution may be able to help you save even more.
Choose the right vehicles
Whether you’re looking for cars to build out your private hire fleet or scaling up your courier business, it’s important to choose vehicles that work for you. If you can find reliable vehicles that give you everything you need, you can ensure that your vehicle downtime is minimised, so you can meet your demand.
If you’re unsure how to choose vehicles that are right for you, there are a number of things that it’s worth thinking about, including fuel efficiency, reliability and comfort.
Encourage fuel efficient driving
One of the most significant costs for any fleet is how much you spend on fuel. If you can encourage fuel efficient driving and run a fleet of fuel efficient vehicles, you can save large amounts on your fuel spend each year.
You can read more tips on how to maximise your driving efficiency to save on fuel here. When you follow best practices, you could save up to 20% on your fuel spend.
If you manage a delivery or courier fleet, efficient route planning can not only help your drivers to complete their day’s work quickly, but can also help to prevent you spending more than you need on fuel.
Understand and improve your risk
As a fleet owner, you can install telematics systems in your vehicles to understand how your drivers navigate the road. This provides you with detailed insights into the risk associated with your fleet and how to improve them. If you understand the driving patterns of your workforce, you can both reduce your operating costs and minimise your vehicle downtime.
Zego works with ABAX, a world class telematics solution, to provide you with flexible cover that works for you. When the ABAX device is installed in your vehicles, you can keep track of how long your vehicles are on the road and how much distance they cover.
You can also reap the rewards of installing a telematics solution, with access to a great range of benefits including detailed insights into the performance of your drivers, your operational efficiency and streamlined tax compliance.
Save time on administration
Administrative tasks related to the day to day running of your fleet can end up taking up a significant amount of your time. At Zego, we think it should be easy to manage your insurance policy, which is why we provide all our customers with access to our dedicated management portal.
When you get access to Zego’s portal, you can add and remove vehicles with ease, helping you cut down the amount of time you spend managing your fleet.
Find Fleet insurance that works for you
At Zego, we design insurance solutions that exist to save our customers time and money, powering more opportunities for businesses to thrive. With our usage-based product, you pay by the mile so you never pay more than you need to. The cost of your insurance isn’t based on how your fleet might work, but how it actually does.
For more information about Zego’s cover and to get started with your quote, visit our Fleet insurance page.