When you run a company that utilizes commercial driving, you will want to figure out ways to save your company money at the pump. Gas prices are becoming higher, making it difficult for budgets to budget for their field. Likewise, companies that use a large fleet of vehicles must practice vigilant oversight to limit costs and find savings opportunities.
Save Your Company Money: Efficient Methods
Here are some tactics that business owners and managers can utilize to make buying gas more affordable.
Conduct Regular Maintenance on Vehicles
Preventive maintenance can help ensure that vehicles are getting the mileage they are supposed to. Ultimately, it is an excellent way to save your company money at the pump. Checking exhaust efficiency and being attentive to tire inflation levels could significantly impact fuel economy.
Use GPS Monitoring Technology
It is a good practice for businesses with company-owned vehicles to track their vehicles’ location with GPS devices. This technology lets managers know whether each vehicle in a fleet is on course or if a driver has taken a detour at the company’s expense.
A GPS device that plugs into an OBD port can also capture information about individuals’ driving habits. They can generate real-time alerts when vehicles exceed the speed limit or stopping short. Likewise, they can capture data about the length of time that vehicles spend idling and wasting fuel unnecessarily. Ultimately, this dynamic oversight tool could help businesses conserve fuel, enforce safe driving policies, and reduce commercial auto premiums.
Replace Older Vehicles
As vehicles get older, they tend to lose fuel efficiency. Replacing older vehicles with new fuel-efficient models may be a wise investment.
When businesses consider what type of vehicles to purchase, gas mileage should be a key priority. Transitioning to hybrid or electric vehicles will generate ongoing savings and better the odds that they will retain their value as the demand for traditional vehicles dwindles in the coming years. Other vital factors when shopping for new vehicles include safety features and commercial vehicle coverage costs.
Offer Drivers Advanced Training
Requiring employees to complete an instructional driving course can teach them to be more mindful of fuel efficiency. A course for commercial drivers can impart useful information about driving defensively, contending with climate weather conditions, and avoiding accidents that can lead to claims against a company’s commercial auto insurance coverage. Implementing this type of training program may facilitate access to savings on commercial auto policies for multiple vehicles.
Optimize Drivers’ Routes
Planning delivery or service routes with an eye toward efficiency prevent drivers from unnecessary time on the road and trips to the pump. When managers assign routes, they must be conscientious about numerous factors such as vehicle weight, traffic conditions, and roadway surfaces.
Finding intelligent ways to spend less on gas could make an appreciable difference in a company’s profitability. Becoming more fuel efficient also helps businesses operate more sustainably by reducing their carbon footprint.
About Haughn & Associates
Founded by Michael Haughn in 1986, Haughn & Associates is a full-service, family-owned, independent insurance agency based out of Dublin, Ohio. H&A strives to provide the best possible price and unique insurance solutions across a myriad of industries, including construction, IT, Habitation & Commercial Property, Agriculture, and Engineering. Devoted to providing the best of business insurance, life and disability insurance, personal insurance, employee benefits, and bonds, H&A is proof that success lies in long-standing client relations and satisfaction. To learn more about how H&A can be of service to you, contact us at (877) 802-2278.
