Fleet car insurance is designed for any individual or company that requires to insure a certain number of vehicles at any one time. The minimum number of vehicles to be insured may vary, however the ball park figure for most insurance companies is four vehicles. This may obviously differ from insurer to insurer.
This type of cover is useful for domestic purposes, for example in a large family with many drivers and vehicles, however its main use benefits businesses in which vehicles are a major necessity. A courier company may have tens of vehicles for example and rather than setting up an individual policy for each vehicle at a premium rate, a discount will be offered for fleet insurance for all vehicles by the insurer. This will result in a lower policy premium per vehicle, therefore the client in effect is ordering ‘bulk’ insurance to save on premiums and the insurer is gaining much business from one client in return for the fleet insurance.
Most insurance companies that offer fleet car insurance provide comprehensive cover for most types of vehicles ranging from company cars, to minibuses, trucks, vans and Lorries. Each policy is tailor made for each specific client depending on their particular needs and number and type of vehicle. Other than being a cheaper alternative to insuring vehicles separately, fleet car insurance is also an easier option as there is less paperwork and policy completion is faster in bulk. Furthermore, there is only one renewal date (or 8 to 12 if paid monthly) for the entire fleet of vehicles.
As well as many fleet car insurance companies offering flexible cover for a variety of vehicles, other insurers offer more bespoke solutions tailor made for certain types of fleet. This could mean the client receiving deductions in premiums for just a fleet of trucks, vans or cars for example.
When looking for fleet car insurance the majority of insurers will accept most types of vehicle on the policy and mainly include the following:
However other insurers may limit the vehicle type on their fleet insurance so it is always worth researching for the best possible premium and cover from different providers.