A guide to how business owners keep their fleet costs down

Organisations across the country are struggling against rising bills in all manner of ways, yet nowadays driver-based companies are truly bearing the brunt of escalating costs. With this in mind, many of them are taking action to avoid this problem undermining their profits and even pushing them out of business.

Insurance is a big thing that many businesses are restructuring. Many organisations are turning to Staveley Head fleet insurance and other specialised products to get the cover they need for much less. If you pay for this cover in a lump sum instead of monthly, you will also pay less. Opting for a higher excess – the amount you pay in the event of an accident before an insurer gets involved – will also give you a cheaper policy.

Other major driving forces behind fleet bills are vehicle choices, driving skills, journey decisions, taxation and the basic price of fuel. By using the correct tools and training to measure these metrics, you can make a significant difference.

However, you need to remember that you can only control fuel costs by measuring them. For example, use fuel cards to buy as much of your fuel as possible. Many freight bill factoring providers have a fuel card incentive to take advantage of.The adoption of pay-and-reclaim expenses will see a company buying fuel from drivers without knowing what they paid or how much was used. This also means that you can send drivers to low-cost supermarkets, which could save thousands of pounds in just a month or two.

Bad drivers could be burning as much as 20 per cent more fuel with poor acceleration, braking and journey planning, while the associated wear and tear could cost more in terms of replacement parts and servicing. Training safe and efficient driving techniques could truly improve efficiency, essentially giving you return on investment for the initial cost of training.

Finally, in terms of vehicle choices, low-CO2 vehicle policies will lower expenditure with both fuel and tax. While many companies feel the need to go one step further with alternative fuels or electric vehicles, a lower-cost vehicle supplier can offer petrol models that will deliver real tangible savings, again resulting in one or two vans even paying for themselves in the long-term.

Whatever your choices are when lowering your fleet spending, be sure to consult other experts in the field as well as insurers, vehicle specialists and mechanics. You may never realise just how much money you could save!