3 Ways Improving Vehicle Safety Features Can Cut Fleet Costs

by Jim Peplinski   Posted on Tuesday, August 7, 2018

commercial fleet management

You will likely agree that safety features in vehicles are important because they save lives and decrease accident and injury risk. But did you know that they can also cut the cost of your fleet? Here’s what you need to know:

  • Decreases Insurance Premium

Quite simply, built-in safety features reduce the chance of driver error or distraction, thereby reducing the likelihood of an accident and decreasing overall insurance costs. Adding new and upgraded vehicles as part of your fleet services means that your vehicles will have these latest safety features. Lane departure warning systems are a great example of this, whereby the vehicle warns the driver when they have veered too far out of their lane. Likewise, advanced braking systems and collision mitigation technology mean the vehicle can predict when it is too close to another and enact engine braking to prevent a collision.

  • Reduces the Risk of Crash

While insurance rates may stay down if accidents are kept at bay, it is also important to realize that any crash costs money to repair, and safety features which reduce the risk of crash are a great way to cut down on fleet repair costs. In addition to the features mentioned above, there are also many other safety highlights that are coming in as standard on new vehicles. For example, better mirror positioning to reduce blind spots, increased cameras to improve visibility around car and alarms which indicate driver distraction or when the vehicle senses road instability.

  • Increases Resale Value

It is not uncommon for fleet vehicles to be remarketed through the auction at the end of their lease. While the vehicle will have no doubt depreciated in this time, if it is an accident free, modern vehicle, with top of the line safety features, a commercial fleet management company will be able command a better resale value than for a vehicle that is deemed less safe or has been in an accident. Selecting vehicles as part of your fleet services in Toronto, Calgary, or wherever you are in Canada that are only top mark in safety means you get the best product, and after acquisition, will be able to gain a better resale value.

If you are ready to look into leasing the safest vehicles for your business, Jim Peplinski is the fleet management team for you. Reach out today to learn more about how we can take care of all of your commercial fleet management needs and keep you safe at the same time.

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