Breyer Group reveals £60,000 insurance saving

Breyer Group has revealed how Telematics technology and HDI-Gerling has led to fleet insurance savings of £60,000 in just 12 months.

Breyer Group has revealed how TomTom Telematics technology and its partnership with HDI-Gerling Insurance Company has led to fleet insurance savings of £60,000 in just 12 months. The building contractor made the savings across its 200-strong fleet by using driver behaviour monitoring tools to underpin a three-year risk management programme with HDI-Gerling.

Building contractor  Breyer Group hits driving performance targets to make £60,000 insurance saving

Breyer Group has revealed how Telematics technology and HDI-Gerling has led to fleet insurance savings of £60,000 in just 12 months.Breyer Group has revealed how TomTom Telematics technology and its partnership with HDI-Gerling Insurance Company has led to fleet insurance savings of £60,000 in just 12 months. The building contractor made the savings across its 200-strong fleet by using driver behaviour monitoring tools to underpin a three-year risk management programme with HDI-Gerling.

“By meeting targets to reduce the frequency and severity of motor claims in the last 12 months, we have benefitted from a 20 per cent premium reduction,” said Breyer Group finance manager Nigel Wood. “We’ll benefit from further savings again next year if we continue to hit our performance targets.”

Breyer Group has revealed how Telematics technology and HDI-Gerling has led to fleet insurance savings of £60,000 in just 12 months.WEBFLEET, TomTom Telematics’ fleet management platform, allows Breyer to monitor and profile the performance of its van and car drivers with data insights on incidents such as speeding, harsh braking, steering and acceleration. This information is also interpreted by HDI-Gerling that supports the service to improve driver behaviour, resulting in reduced fleet insurance costs and overall fleet operating costs.

Breyer Group has revealed how Telematics technology and HDI-Gerling has led to fleet insurance savings of £60,000 in just 12 months.In addition, WEBFLEET provides Breyer with fuel efficiency information from the onboard diagnostics device. This combines with the risk management data to score drivers out of 10 in an Optidrive™ indicator, helping fleet managers to benchmark drivers to identify areas for improvement.

Breyer Group has revealed how Telematics technology and HDI-Gerling has led to fleet insurance savings of £60,000 in just 12 months.“By having the tools to monitor and encourage our employees to drive more carefully, we are also successfully reducing our fuel spend, CO2 emissions, improving driver safety and our duty of care to our workforce,” Nigel added.

Breyer is using the system operationally to allocate the most appropriate contractors to jobs, optimising its business efficiencies and customer response times. The company’s investment and implementation of WEBFLEET was supported by TomTom Telematics’ Gold partner, Auto Electrical Services (AES).

 

INSURANCE IS NOW MORE OF A CONCERN THAN FUEL COSTS, SAY OWNERS

Car owners are now more worried about insurance costs than fuel costs. Latest research from Auto Trader reveals a significant drop in concerns about the price of petrol and diesel over the last year.

Breyer Group has revealed how Telematics technology and HDI-Gerling has led to fleet insurance savings of £60,000 in just 12 months.The news comes from Auto Trader’s latest car buyer survey, which pooled the views of 1,000 respondents in December 2014. 51% of those surveyed said fuel costs were among their three biggest concerns when running a car, compared with 56% for insurance costs. This contrasts with the start last year, when 70% highlighted fuel costs as a top three concern with 59% citing insurance costs.

The same 12 month period oversaw a drop of 16.6% in the price of unleaded across forecourts, while diesel came down by 16%. In January 2014, the average price of unleaded was reported as 130.5p per litre: by January 2015, the price had fallen to 108.9 p, according to the AA’s monthly Fuel Price Report.

“It’s not surprising that fuel price concerns have subsided in the last year,” said Nick King Market Research Director at Auto Trader. “However, the fact that more than half still register it as one of their three big concerns on motoring costs, suggests that many view the decline as a short term trend. For many others, fuel costs still represent a significant proportion of their overall motoring budget and disposable incomes.

Breyer Group has revealed how Telematics technology and HDI-Gerling has led to fleet insurance savings of £60,000 in just 12 months.The cost of buying and running a vehicle is estimated to account for about a third of all disposable income among the 800,000 poorest car-owning households in the UK. And despite the drop in wholesale fuel prices, more than 69% of the price paid at the pump still goes to the treasury thanks to fuel duty and VAT.

Auto Trader’s car buyer survey has been running for the last year and pools a nationally representative sample of the population.

TREASURY INVITES FTA TO DISCUSS HOW COST OF FUEL IMPACTS ON INDUSTRY

Breyer Group has revealed how Telematics technology and HDI-Gerling has led to fleet insurance savings of £60,000 in just 12 months.The Freight Transport Association (FTA) has been invited to meet with Danny Alexander MP – Chief Secretary to the Treasury – to talk openly regarding how falling oil prices on the cost of fuel and transport services, and how it is impacting the freight industry on a day-to-day basis.

FTA’s Chief Executive Theo de Pencier and Director of Policy James Hookham attended the meeting held on Thursday 5 February, at the Treasury when they outlined the impact of falling oil prices on the cost of fuel and transport services; equalising the cost of fuel distribution in remote areas; and the cost of deliveries and freight services in remote areas.

FTA Chief Executive said:

Breyer Group has revealed how Telematics technology and HDI-Gerling has led to fleet insurance savings of £60,000 in just 12 months.“FTA welcomed the opportunity to meet with the Chief Secretary – Danny Alexander, which was very constructive.  As well as discussing fuel prices we also covered a range of other subjects affecting the freight industry, including the impact of the current driver shortage problem.”

According to the FTA the falling cost of a barrel of oil is being passed on ‘to an extent’ to the industry.  But hauliers are not seeing this 53% fall in bulk prices because fuel duty, at 57.95p per litre, dampens the impact of reductions.  Additionally, because oil is traded in dollars, the weaker pound reduces the effect of the drop in oil for UK consumers.

Mr de Pencier added:

“The current low price of oil is saving businesses substantial costs; this time last year fuel represented 37% of the total cost of running a 44 tonne truck, and the annualised cost for fuel for such a vehicle was £52,000.  This has now dropped to an average of approximately £43,000, which is a reduction of 18%. In theory the falling cost of oil is great news for the freight industry, however other costs often cancel those savings out.”

Accompanying representatives from the Association to the meeting with the Minister, were FTA members and fleet directors who were able to discuss first hand with the Chief Secretary the impact of high fuel duties; falling oil prices, the cost of fuel and transport services as a whole.

 

 

 

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