If you run a business with two or more vehicles, making sure that they’re all insured is an essential task and a comprehensive fleet insurance policy, is ideal.
You can’t risk a vehicle being out on the road without any cover and fleet insurance is available for all types of businesses and vehicles!
To insure each vehicle individually on individual policies can be an administrative nightmare, but that’s where motor fleet insurance comes in to help out. With multi-vehicle cover, you can breathe easy as your whole enterprise of motors is fully covered.
With a few clicks, we can put you in touch with a wide array of fleet insurance providers who can offer a quote to your fleet insurance cost and cover your entire fleet of vehicles in one go. You’ll find:
- Fleet Insurance Quotes To Compare
- All Fleet Sizes Catered For (From 2 To 500+ Vehicles)
- Cars, Vans, Buses, Trucks & Specialist Types
- ‘Any Driver’ Fleet Cover Available
- Toxic, Explosive Or Inflammable Goods Covered
- Fleet Insurance For The UK & Europe
- Breakdown Assistance
- Electric Vehicles fleet insurance, Hybrids and Bio Fuel Vehicles also Covered
Table of Contents
- Fleet InsuranceJump
- A Guide To Motor Fleet InsuranceJump
- What Is Fleet Insurance?Jump
- How Many Vehicles Are Covered Under A Motor Fleet Policy?Jump
- Who Is Insured To Drive With Motor Fleet Insurance?Jump
- Private Use Cover Under Fleet PoliciesJump
- Advantages of Private Use CoverJump
- Key Considerations for Private Use Cover:Jump
- Levels Of Cover For Motor Fleet InsuranceJump
- Money Saving Tips For Your Fleet InsuranceJump
- Other Examples Of Fleet InsuranceJump
- In SummaryJump
- Find Your Fleet Insurance Quotes NowJump
- Fleet Insurance FAQsJump
A Guide To Motor Fleet Insurance
If you’re new to insuring fleets of vehicles, you might be asking yourself: what is fleet insurance? And how does it differ from other types of car insurance policies?
Well, we can help breakdown the important elements that make up a motor fleet policy, and why it can be a crucial type of cover for your business.
Motor Fleet insurance premiums are calculated using previous years confirmed claims experience provided by the existing insurer.
What Is Fleet Insurance?
Insurance coverage for a fleet of vehicles is basically mass insurance. With fleet insurance, all of your vehicles used for your business are insured under one single policy.
For a big company, with a large selection of vehicles on the road, fleet insurance is the easiest way to make sure all of them are consistently protected. Because instead of individual policies for every vehicle (with different renewal dates), fleet cover makes sure all of them are grouped together under one policy. And with only one renewal date!
It’s even useful for those smaller companies, who might have as little as two vehicles in their fleet. The convenience of fleet insurance makes their lives (and their paperwork!) just that little bit easier.
How Many Vehicles Are Covered Under A Motor Fleet Policy?
This will ultimately depend on each individual insurance provider. On a panel of insurers, the wide selection of coverage can see anything from 2 to 500+ vehicle limits. But each provider will have their own minimum and maximum limits, depending on what kind of businesses they want to insure.
Make sure you check your fleet size limits before taking out a policy!
Who Is Insured To Drive With Motor Fleet Insurance?
For any company with a fleet of vehicles, you’ll likely have a fleet of drivers to drive them. And for your vehicle fleet insurance cover, you’ll want to make sure all of them are covered for all the vehicles out on the road.
Fleet insurance providers can offer you ‘any driver’ and ‘any vehicle’ policies; this means anyone in your business (who has a valid licence and your permission to drive) will be covered if they drive any vehicle that’s insured on your policy. Simple!
Some providers may include, or exclude, certain age brackets of drivers too. For example: drivers aged under 25 are sometimes omitted from certain cheaper fleet insurance policies.
But other providers will be happy to take on the extra risk of those with less experience – it’s always worth shopping around to find which provider suits your particular team of drivers.
You can get fleet insurance for all types of vehicles, including cars, vans and lorries. You can also get a policy that’s perfectly suited to your type of business.
Private Use Cover Under Fleet Policies
Fleet policies can benefit from incorporating private use cover for their employees.
This addition allows staff members to use company vehicles for personal tasks, such as commuting or running errands. However, it’s essential to understand the various aspects of this supplementary cover to ensure it meets your business needs.
Advantages of Private Use Cover
- Increased flexibility: Allowing employees to use company vehicles for personal purposes can enhance job satisfaction and foster a positive work environment.
- Cost-effective: This supplementary cover can help businesses save money as employees won’t need separate insurance policies for their personal vehicles.
- Attract and retain talent: Offering private use cover as a perk can attract potential employees and help retain existing staff members.
Key Considerations for Private Use Cover:
- Mileage restrictions: Some insurance providers may impose mileage limits for personal use, which employees must adhere to.
- Driving record requirements: Employees might be required to maintain a clean driving record to avail of the private use cover.
- Vehicle usage: Ensure that your fleet policy outlines the permitted scope of personal use. For example, using company vehicles for ride-sharing services may be prohibited.
- Additional costs: While private use cover can save money, it might increase the overall cost of your fleet policy. Ensure that you fully understand the financial implications before implementing this cover.
Levels Of Cover For Motor Fleet Insurance
- Third Party Only (TPO) – The basic level of insurance cover that’s required by law. It only covers you for third party damage to property and liability for injury to others (which includes vehicle passengers).
- Third Party, Fire & Theft (TPFT) – A step up from TPO cover. TPFT covers all of the basics covered by TPO, but it also insures for fire and theft damage too.
- Comprehensive – Your fleet insurance will be insured for everything above, and more, with comprehensive cover. Your vehicles are covered for all collisions, even those that your drivers are liable for. On top of that, you can also be covered for damage to windscreens, accidental damage, medical costs, and personal effects.
- Liability Cover – Some providers will offer extra liability coverage for your fleet insurance. Employers liability insurance and public liability insurance are essential for any business owner, especially those that have a large number of vehicles and drivers. It’s worth noting that public liability insurance may also include legal fees.
- Breakdown Assistance – You can also find providers who can offer breakdown assistance cover with their fleet insurance quote. This is another useful addition when insuring groups of vehicles and enabling them to stay on the road!
- Cover For Driving In Europe – If you have vehicles that drive throughout Europe, you can’t afford to be without this level of cover.
Money Saving Tips For Your Fleet Insurance
- Experienced Drivers – Although you can find providers who will insure drivers aged under 25, it will likely mean you’re paying more premium to do so. Older drivers, who have a clean licence, could reduce the cost of your fleet insurance premiums.
- Be Strong On Security – This is your business, so you should want to protect it as much as possible. But if that isn’t incentive enough, you’ll also save money on your premiums as insurance providers could offer discounts for highly secure premises and vehicles.
- Install Dash Cams – You’ll find some providers that will offer cheaper premiums if you have dashboard cameras in your vehicles.
- Increased Excess – Your insurance premium might be discounted if you choose to pay a voluntary excess. Try it when taking out a quote and see what it can save you.
- Get Fleet Insurance Quotes Online At Renewal – Auto-renewing a policy is easy, but there is always the potential that you’re missing out on cheaper prices in the market. Have a look at quotes online elsewhere before your policy runs out each year.
- Invest in green vehicles – Many people still aren’t sold on the idea of electric vehicles but if you don’t want to go full electric then you also have the option to get hybrid vehicles. Doing this can help you save money with some insurers.
Other Examples Of Fleet Insurance
Business fleet insurance is the most common type of cover for a group of vehicles, but there are other types as well. Here are a few examples:
- Haulage Fleet Insurance & Lorry Fleet Insurance – Specific fleet cover if you only want to cover larger vehicles on a policy.
- Taxi Fleet Insurance – Essential for taxi fleet operators who want blanket insurance for all their vehicles.
- Fleet insurance is mass cover for all vehicles in your business. It’s more convenient than taking out individual insurance policies.
- If you have more than two vehicles in your business, you could get a quote for fleet insurance.
- Fleet insurance polices can offer ‘any driver’ and ‘any vehicle’ policies (although there might be some exclusions).
- You can find a wide array of different levels of cover for fleet insurance.
- Experience and safety is always a good way to reduce your premiums, as well as being savvy by shopping around for prices.
- There are many different types of fleet insurance.
Find Your Fleet Insurance Quotes Now
If you want a tailored motor fleet insurance quote from a panel of expert motor insurance providers, simply click the button below.
You’ll be insuring your fleet of vehicles in no time…
Fleet Insurance FAQs
What does fleet insurance mean?
Do I need fleet insurance?
How many vehicles do you need for a fleet?
How many vehicles can be insured on a fleet policy?
Can anyone get fleet insurance?
- Be at least 18 years of age
- Be able to provide details of your fleet
- Be able to provide details about your business
How is fleet insurance calculated?
- The age and driving history of the named drivers
- The number of vehicles in the fleet
- The value of the vehicles
- The level of cover taken out
- How secure the vehicles are
- What the vehicles are used for