{"id":6034,"date":"2018-01-01T03:07:55","date_gmt":"2018-01-01T11:07:55","guid":{"rendered":"https:\/\/www.liveviewgps.com\/blog\/?p=6034"},"modified":"2018-12-24T08:09:46","modified_gmt":"2018-12-24T16:09:46","slug":"5-ways-pay-vehicle-insurance-reducing-coverage","status":"publish","type":"post","link":"https:\/\/www.liveviewgps.com\/blog\/5-ways-pay-vehicle-insurance-reducing-coverage\/","title":{"rendered":"5 Ways to Pay Less for Vehicle Insurance Without Reducing Coverage"},"content":{"rendered":"

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Insurance costs for fleets, large or small, can be an uncomfortable bill to pay. If you find that your insurance costs are rising faster than you\u2019d like, there are steps you can take that will help you drive your insurance costs down without reducing the essential coverage and protection your fleet requires, like the five listed below.<\/p>\n

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  1. Compare Prices<\/strong><\/li>\n<\/ol>\n

    Just because your insurance company offered you the best deal last year doesn\u2019t mean it\u2019s still the best option for your business. Conventional wisdom suggests comparing prices (apples-to-apples comparisons) between at least three different insurance providers each year to make sure you\u2019re still getting the best bang for your insurance buck.<\/p>\n

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    1. Ask for Discounts<\/strong><\/li>\n<\/ol>\n

      Some insurers have discounts available. But, only for those who ask for them. Don\u2019t be shy. Getting discounted rates for each vehicle in your fleet could save you a ton of money each year. The larger your fleet, the more bargaining power you have at your fingertips as insurers will be reluctant to lose out on your business.<\/p>\n

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      1. Increase Your Deductibles<\/strong><\/li>\n<\/ol>\n

        Insurance is a numbers game. The more risks you take, in the form of higher deductibles, the more willing insurers are to reward you with lower monthly costs. They view it as you taking more responsibility for avoiding accidents (since you\u2019re increasing your risks) and are often amenable to rewarding that type of behavior. The downside is you must be able to easily manage the higher deductibles if accidents do occur.<\/p>\n

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        1. Use GPS Fleet Tracking<\/strong><\/li>\n<\/ol>\n

          One of the most important things you can do is to improve your driving as a fleet. You can monitor drivers without actually being on the road with them when you use GPS fleet tracking<\/a><\/u>. You can plan more efficient routes to reduce fleet mileage (which insurers appreciate). Plus, you can set up alerts to notify you when drivers are engaging in questionable behavior behind the wheel, including:<\/p>\n