7 Tips to Optimize your Contract with Armored Car Services

Posted by jack reacher on March 23rd, 2020

Armored car service companies provide a matchless service to businesses around the globe. They are the safest way to transport valuables anywhere, especially from businesses to banks. Armored car service companies are generally insured to cover any loss in the case of a robbery. These companies are popular with banks, jewellers, art collectors, museums and so on.

An armored car service is similar to a courier service by providing transportation of goods securely. Companies that process large amounts of cash or deal with valuable assets use these services on a regular basis to ensure peace of mind.

Fees vary a lot for armored car services as they are dependent on various factors like pick-up frequency, multi-location routes, the volume of cash and the types of goods being transported.

Armored vehicles are made by installing bullet-proof glass and adding layers of heavy armor plate under the outer skin of a car. It is a labour intensive procedure that is expensive and normally takes a couple of weeks. Besides the exterior armor plated body, there are many other safety features that are available for this kind of vehicle: automated fire extinguishers, bulletproof tyres, explosion resistant energy storage tank, remote start-up for the vehicle, pressure and temperature controlled tyres, alarm systems and more. The interior of the vehicle is also reinforced with air vents that can protect passengers from poisonous gases. The added weight is supported by a more powerful engine and braking system.

Today, people are using armored cars as a luxury too, by converting vehicles by popular car manufacturers into their private armored cars. It is often difficult to tell the difference between an armored SUV or sedan and a regular vehicle. Often such vehicles are necessary to transport troops or VIPs.

Let’s look at some ways to reduce the expense on armored car services:

• Partner with your bank: Check with your bank if they offer armored car pick-up services. Sometimes banks will offer complimentary pick-up services for certain accounts. If you do not qualify for free pick-up, ask if you can be offered a discounted rate for using the bank’s carrier.

• Tweak your pick-up schedule: one of the best ways to reduce the costs associated with armored car services is to optimize your existing schedule for pick-ups. Study to see if there is a pattern and you can identify slow and busy seasons, accordingly adjusting the number of pick-ups required at different times in the year.

• Discount for multiple stops: Some armored car companies offer a discount to businesses with multiple pick-up points on one route.

• Compare quotes: Similar to insurance, it pays to compare offerings from multiple armored car services. Before deciding, take quotations from at least two other competitors.

• Loss insurance: monitor the volumes of cash you are sending to the bank at different times in the year. Keeping in mind the average volumes decide on a sufficient amount of insurance that is appropriate.

• Consolidate deliveries: When it is possible, schedule your deliveries on the same day as your pick-ups. This will reduce the trip costs that armored car services charge.

• Sign a contract: Often armored car companies offer discounts in exchange for contracts with businesses. When considering a contract, pay careful attention to important details like cancellation fees and missed courier processing. Also, ask how frequently you can change your pick-up schedule and if you can change your insurance amount as business changes.

It’s impossible to do without the services provided by armored car services, but that doesn’t mean you get the short end of the stick. Consider the points above when finalising a service for your valuables.