--- title: How to Reduce Loss Ratio description: Discover how to effectively reduce your fleet's loss ratio and insurance costs by promptly reporting incidents, accurately capturing third-party details, and proactively managing driver behaviours. --- [Skip to content](https://help.flockcover.com/how-to-reduce-loss-ratio#main-content) English Show submenu for translations ![WebReadyLogo\_Horizontal\_TransparentBG.png\]](https://help.flockcover.com/hs-fs/hubfs/WebReadyLogo_Horizontal_TransparentBG.png?height=40&name=WebReadyLogo_Horizontal_TransparentBG.png) - [Default HubSpot Blog](https://flockcover.hubspotpagebuilder.com/blog) Open main navigation Close main navigation - [Default HubSpot Blog](https://flockcover.hubspotpagebuilder.com/blog) - English Show submenu for translations - Go to flockcover.com Go to flockcover.com Hello. How can we help you? - There are no suggestions because the search field is empty. 1. [Fleet Insurance FAQ](https://help.flockcover.com/) 2. [Flock for Motor Fleets](https://help.flockcover.com/flock-for-motor-fleets) 3. [Rebates](https://help.flockcover.com/flock-for-motor-fleets#rebates) # How to Reduce Loss Ratio ## Discover how to effectively reduce your fleet's loss ratio and insurance costs by promptly reporting incidents, accurately capturing third-party details, and proactively managing driver behaviours. As a fleet manager, your aim is to minimise your fleet's [loss ratio](https://help.flockcover.com/what-is-a-loss-ratio)—the percentage of insurance premium that your fleet pays out in claims. Lowering this ratio is key to reducing operational costs. Here, we detail key practices that help achieve this goal, focusing exclusively on strategies that directly impact your fleet's loss ratio.   **Prompt incident reporting** Timeliness is critical in incident management. The quicker an incident is reported, the sooner it can be resolved, minimising the cost and impact of the incident; reporting within 24 hours can save up to 40% of the claim cost. We encourage the use of [digital claims reporting](https://claim.flockcover.com/) to ensure incidents are reported promptly and accurately, which can in turn, reduce claims costs.   **Essential accuracy in capturing third party details** It is essential to capture accurate details when incidents involve third parties. Our tools enable contact with the third party within an hour of an incident, crucial for managing claim costs effectively. Utilise our [Driver Checklist](https://flockcover.com/driver-checklist) to ensure your drivers collect necessary information promptly.   **Harness safety insights for proactive risk management** The [Flock Fleet Portal](https://portal.flockcover.com/) offers critical insights into driver behaviour, highlighting areas like speed exceedances that need to be addressed. Target drivers with poor safety records for regular coaching based on this data. This proactive approach not only fosters safer driving habits but also decreases the likelihood of incidents, thereby improving your fleet's loss ratio.   For further details on how loss ratio impacts your rebate position visit [this page](https://help.flockcover.com/how-do-i-qualify-for-a-rebate-and-how-is-it-calculated), or if you need support, head to the live chat function in the [Flock Fleet Portal](https://portal.flockcover.com/). - [Making a Claim](https://help.flockcover.com/making-a-claim) - [Flock for Motor Fleets](https://help.flockcover.com/flock-for-motor-fleets#main-content) - [Buying Motor Insurance](https://help.flockcover.com/flock-for-motor-fleets#buying-motor-insurance) - [Policies and Coverage](https://help.flockcover.com/flock-for-motor-fleets#policies-and-coverage) - [Motor Customer's Portal](https://help.flockcover.com/flock-for-motor-fleets#motor-customers-portal) - [Telematics](https://help.flockcover.com/flock-for-motor-fleets#telematics) - [Rebates](https://help.flockcover.com/flock-for-motor-fleets#rebates) - [Safety Insights](https://help.flockcover.com/flock-for-motor-fleets#safety-insights) - [Flock for Brokers](https://help.flockcover.com/flock-for-brokers#main-content) - [Connected Insurance Policies](https://help.flockcover.com/flock-for-brokers#connected-insurance-policies) - [Changes to Scoring](https://help.flockcover.com/changes-to-scoring) - [Telematics Support](https://help.flockcover.com/telematics-support) - [Contact Us](https://help.flockcover.com/contact-us) - [Legal Information](https://help.flockcover.com/legal-information) - [Default HubSpot Blog](https://flockcover.hubspotpagebuilder.com/blog) [![Chill listening crop-3](https://help.flockcover.com/hs-fs/hubfs/WebReadyLogo_Horizontal_TransparentBG.png?width=84&height=24&name=WebReadyLogo_Horizontal_TransparentBG.png "Chill listening crop-3")](https://flockcover.com/) Copyright © 2026, Flock, a trading style of Flock Limited, is authorised and regulated by the Financial Conduct Authority (FRN: 940009)