Navigate

     
Up
Join Now
How It Works
Services
Commercial Program
Savings Analysis
Decals
FAQ's
About Us

Click here to do your own Cost Analysis!!!!

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.

facts:

  •  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 Safe.com!
 
 

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




       
 

Home | Driver Surveillance Program | Decals Program | Join Now | About Us | Sitemap | Contact Us Copyright 2009 IMDS Inc.
All Rights Reserved