The cost of speeding in your fleet vehicles
by Fiona Taylor
Is there a cost of speeding to your business? Are your drivers actually costing your more money by driving at speed?
We think that driving at speed can increase certain costs in your business. Ones that you might not have thought about. Let’s have a look at the cost of speeding to your business;
- There is an increased risk of accidents
We know that speeding is dangerous. There have been tests done that prove a correlation between speeding and accidents – anyone that has been on a speed awareness course will tell you that. The faster you are driving the less time you have to react in an emergency.
- Company reputation
You vehicles are likely to be branded – they are usually the first thing that someone sees representing your company. If your drivers are driving at speed by a school, or cutting people up on roundabouts, this is not the impression that you want to leave with potential customers and members of the public.
- Increased fuel consumption
The faster the vehicle is driven the more fuel it is using – cutting your speed across an entire fleet will reduce your fuel bill across the business.
- Wear and tear costs
There will be an increased cost associated with the wear and tear placed on the tyres if your drivers are continually driving at speed. Cornering, harsh braking and harsh accelerating will all cause the tyres to heat up and therefore wear out faster.
- Legal issues
What happens if the police catch your driver speeding, you can build it into their contract that they are personally responsible for the monetary implications of the fine, however the penalty points will have an affect on your fleet insurance.
How can tracking help with the cost of speeding?
GPS tracking systems can help you get back control of your fleet, and will show you who is speeding, where and when. The speed is usually calculated by the change in GPS position of the vehicle. The speeds calculated by a GPS system are usually more accurate than the speed displayed on your dashboard.
If your drivers are aware that you are now keeping an eye on the cost of speeding, either by random speed checks, or by using a dedicated speeding report, then they are more likely to drive within the speed limit. This in turn will lead to:
- fewer accidents
- a better portrayal of your business and brand
- better mpg
- reduced wear and tear on the vehicles
- less speeding fines
Hopefully these will lead to a better renewal premium with your insurers.
If you would like to talk to someone about having GPS tracking fitted to help your drivers slow down, then give one of our team a call on 01274 587748 and they will be happy to help. Alternatively you could leave your details here and one of the team will call you back.