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Cost Savings Analysis

Is My Driving Safe, Inc. is cost effective.  Some insurance companies will actually cover the cost. When a Driver Improvement Program is implemented, companies will see a savings in both hard and soft dollars, as well as a decrease in accidents and claims against their drivers.


  •  An Average of 7 Accidents for every 1 Million Miles Driven
  • $9,000 = Average Total Cost Incurred from an Accident
  •  Driver Improvement Programs Can Save a Company 10-50% in it's Hard Costs

* Source: American National Standards Institute

Costs to Companies
National Average Cost per Accident = $9,000

Hard Dollar Costs
  • Workers' Comp Claims/Costs
  • Damage to Company Vehicles
  • Temp Employee Cost
  • Cargo Damage
  • Insurance Deductibles
  • High Insurance Cost*
  • Admin Costs
  • Lost Work Days
  • Delay in Deliveries
  • Rush Orders
  • Legal Fees
  • Punitive Damages
  • Other Liabilities
Soft Dollar Costs
  • Angry Customers
  • Negative Public Image
  • DOT Audits, Fines, Etc
  • Lost Business Renewals
  • Negative Word of Mouth

* It is possible to Lower your insurance cost if you implement a Driver Improvement Program. Talk to your insurance provider to see if they provide discounts for this service.

Sample Cost Analysis
There are many ways to save costs with a Driver Improvement Program. The following is an example using a fleet of 100 vehicles that covers a total of 1 Million Miles in a year.

Company Accident Cost Estimate

Accident Cost

# of Accidents

Total Accident Cost

$9,000 7 $63,000
Company Cost Estimate with Driver Improvement Program 10% and 50% Savings
Total Accident Cost 10% Savings 50% Savings
$63,000 $6,300 $31,500
Cost Of Service
$25 Fee plus $5 Decal (3"x9" small decal) # of vehicles  
$30 100  
Annual Cost of Service 1st year $3,000  
Annual Cost of Service 2nd year $2,500  
Total Cost Savings
Service Cost 10% Savings 50% Savings
$2,500 $6,300 $31,500

Find out how much money your company can save
by joining Is My Driving!

Contact us with comments or questions at: or Is My Driving Safe @ (813) 269-IMDS (4637)


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