If you own a trucking business, one of your major expenses is likely to be your fleet insurance costs. These expenses can be driven by the risk the insurer faces, which can vary accidents by a driver, breakdowns due to poor maintenance, driver retention, and in general, your business practices will affect your level of risk and your fleet insurance premiums. Managing your risk and minimizing your costs will have a positive impact on your bottom line.

TruckX offers state-of-the-art fleet management solutions to lower insurance premiums for companies. It utilizes real-time fleet telematics and data analysis to provide actionable insights on their drivers, vehicles, and overall operations. Drivers who demonstrate risks such as speeding or hard braking, are likely to get involved in accidents, and lead to greater claims through insurance.

Finally, regular maintenance is another important factor in driving down the cost of fleet insurance. The TruckX platform has automated alerts for scheduled maintenance and inspections, ensuring that vehicles are well-maintained and less likely to cause an accident due to a mechanical breakdown. Maintained vehicles are cheaper to insure, which usually results in lower premiums.

Even complying with insurance regulators to meet (HOS) rules to manage compliance to guard against violations, which can trigger additional fines onto fleets, driving up insurance costs. TruckX solutions enable fleets to stay compliant with HOS rules to avoid having to constantly review driver hours.