When someone rents a car, it is easy to stay with the same company for auto insurance. However, you do not know that you can pay too much for your coverage, and it would be better to look elsewhere at lower rates.
When you lease, the vehicle you drive belongs to the leasing company. They want to make sure that their investment is covered in case the car is damaged, totalled, or stolen. They typically want to cover for the difference between their auto-insurer and your outstanding lease obligations at the time of an accident or damage. This is called GAP, short for guaranteed auto protection, and is usually included in a lease contract.
Financial or any other finance division of an automaker, it is likely that the same lease company will offer your GAP insurance.
You are not subject to any obligation to accept the GAP insurance included as part of your lease agreement. Why pay insurance premiums if you can get the same coverage for a lower price?
Shop for some time by comparing quotes from other insurance companies, including your current ones. Ask for a discount that you are already eligible for and adjust your coverage accordingly.
Logistics is a multi-billion-dollar industry, and to keep the wheel running, fleet managers put in immense time and effort. When his company is plentiful with a decent profit, his efforts pay off. However, all bids may look futile if, even after all the hard work, the benefits do not look promising.
The scope in transportation is immense, and with the introduction of smart IoT solutions, achieving a high level of efficiency will soon be the new normal. However, there may be small mistakes and a significant reduction in the total revenue of the company.
As a fleet manager, it is up to you to assess and improve the situation. But given the intensive work, especially if you have a large fleet, it can cost you a lot on any day before solving the problem.
However, there is a silver layer here. Some common mistakes usually go unnoticed. When you want to ensure your mileage higher, fleet drivers may not be as ambitious and spontaneously perform tasks that can increase your running costs.
Common Mistakes That Fleet Drivers Use
Let’s take a look at these mistakes and how you can avoid them.
- Distraction while driving
- Over speeding
- Long idling time and rash driving
- Long-term root
- High confidence
