Saved over $100k annually on insurance with KeepTruckin.
- Saved $120,000 annually on insurance by switching to a provider in KeepTruckin’s SaferFleets program
- Created a single, streamlined hub for all fleet activities, including safety and IFTA reporting
- Stayed in business thanks to cost savings from SaferFleets
The problem: rising insurance costs
Maintaining insurance coverage is table stakes for every fleet. As unpredictable as the road can be, it’s essential to ensure drivers and assets are covered in the event of an accident. In 2020, however, insurance premiums surged, causing many fleets to bear an unprecedented financial burden for even basic insurance coverage. According to the Wall Street Journal, premiums in early 2020 shot up an estimated 20-30%. For smaller fleets like Intermountain Express, the effects were potentially devastating.
“We were in the middle of collecting our insurance bids with our old provider and we were quoted triple our premium amount from the previous year,” explains Keri Thomas, President at InterMountain Express. “I got an email from KeepTruckin outlining a new insurance program that could provide significant savings on insurance premiums, and the timing couldn’t have been better.”
The solution: KeepTruckin’s partnership—safety, efficiency, AND insurance savings
InterMountain Express already trusted KeepTruckin for their integrated fleet management needs—they had been a client since 2017. When Keri and team realized KeepTruckin could also help reduce their insurance costs in addition to helping them run safer and more efficient fleet operations, they were excited to learn more.
Designed to help fleets effectively manage their insurance costs, the KeepTruckin SaferFleets program compliments KeepTruckin’s platform by surfacing essential fleet data to insurance providers, including:
This important fleet data can be shared — with customer consent — to provide the most realistic, comprehensive picture of safety performance to our participating SaferFleets insurance providers. This results in opportunities to identify cost savings that are not available through traditional insurance companies.
“Essentially, the SaferFleets program allowed us to remove the middleman — the brokers — that likely could have been the cause of our surging premiums,” adds Keri. “Now, via KeepTruckin, we work directly with our insurance company, which lowers our costs significantly.”
The results: coming back from the brink
By working with a partner through KeepTruckin’s SaferFleets program, Keri’s team was able to combat the skyrocketing insurance premium costs. “We were quoted about $10,000 less per month by another insurance company in KeepTruckin’s SaferFleets program and made the switch. That’s $120,000 savings every year for the whole fleet. The decision was a no brainer that kept us in business.”
As many industries learned in 2020, it’s essential to be as prepared as possible for the unprecedented and identify strategic partnerships that can help lower overhead and keep operations running smoothly. For Intermountain Express, KeepTruckin has provided that exact type of relationship — delivering reliable service and insights, while helping drive down business-essential expenses.
“A key piece of our business model is maintaining our customers’ trust,” says Keri. “On the flipside, we consistently look to partner with companies we trust. KeepTruckin not only helps us run better fleet operations with great support—they literally helped save our business.”
See how KeepTruckin can improve your business operations:
- KeepTruckin’s Driver Safety Solution. Learn more
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