Driver training and insurance intertwined
For many drivers the prospect of a lower insurance premium might be very appealing, especially as many households recover from the economic difficulty that resulted from lockdown. One way in which to do this, is through driver training.
The managing director of MasterDrive, Eugene Herbert, recommends that all drivers contact their insurance providers about their driver training policies. “As driver training can drastically reduce your chances of being involved in a crash, many insurers encourage clients to undertake driver training and reduce monthly premiums in return. Drivers win with a saving on insurance costs and insurers benefit by avoiding the considerably larger costs that come with a crash.
“These discounts can take various forms and percentages depending on the insurer. It is possible that some insurers offer discounts to certain groups, such as those falling into particular age groups, as they have a higher risk of crashes. Whatever the case is with your insurer, it is worthwhile finding out what value the insurer places on a driving course and how this can benefit you financially.”
Some insurers do not offer discounted premiums in exchange for driver training but this does not mean that there is no benefit for drivers. “Besides the general advantages of driver training, your chance of crashing is drastically reduced, meaning you also get to avoid costly excess payments if you are in an accident.
“Excess can easily be equal to a good portion of your salary or savings, making even the smallest of crashes a costly endeavour. This is not to mention the costs that come from damages to other cars or property and medical expenses associated with accidents.”
For business owners, the savings could be massive. “Companies are often offered the same benefits that the individual driver is. If driver training becomes part of company policy, the savings extend past a monthly discount but will also result in a reduction in fleet costs, damage to your public image and costly downtime.
“Even companies that are self-insured will find a welcome relief from the demands on their insurance budget. When viewed from this perspective, driver training should be seen as something that is as important as maintenance or insurance itself.”
Whatever options are available to you, there are benefits. “Insurance and driver training should be viewed as a whole. One without the other can result in additional and unnecessary expenses,” says Herbert.
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