Cost Savings Analysis

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

Is My Driving Safe, Inc. is dedicated to providing the best services to our customers. These services are included with every order from commercial vehicles to passenger vehicles.


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
$9,000
Number of Accidents
7
Total Accident Cost
$63,000
Company Cost Estimate with Driver Improvement Program 10% and 50% Savings
Total Accident Cost
$63,000

10% Savings
$6,300

50% Savings
$31,500
Cost Of Service
$25 Fee plus $5 Decal (3"x9" small decal)
$30

Number of vehicles
100
 
Annual Cost of Service 1st year
Annual Cost of Service 2nd year
$2,500
10% Savings
$6,300
50% Savings
$31,500

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