Fleet Insurance Frequently Asked Questions

If you are an individual with 2 or more vehicles then fleet insurance may be for you. This is especially important for companies who own multiple vehicles such as taxis, HGVs, vans, lorries or cars. It doesn’t matter whether your fleet is made up solely of one type of vehicle or a mixture of different ones, you can still benefit from protecting them with fleet insurance.

If you don’t have much experience in insuring multiple vehicles, enlist the help of an expert. Our friendly team of specialist brokers are here to find the best policy deals for you.

We will assess your requirements and use our knowledge to locate a policy that fits your needs and budget. This would usually entail you searching through the various insurance companies to find the best policy for you. However, we will do the work for you.

If the price is something that you’re conscious about, it may work out cheaper for you to pay your policy on a yearly rather than monthly. Although this may not always be possible financially, we’d definitely recommend looking into it.

Fleet insurance covers each individual vehicle in your fleet with the most appropriate insurance plan that meets your specific needs and requirements. Many policies are targeted at specific businesses to allow them to make the most of the cover that is relevant to their industry or vehicle type.

It may be cheaper than individually insuring your vehicles, saving you money in the long run without compromising on cover.

This is one of the most popular questions that we are asked on a regular basis. After all, if you are investing in the protection of your fleet, you may want to know what factors affect the price.  Your insurance policy fee will take into account the following:

• The type of vehicles in your fleet
• How many vehicles your fleet contains
• Where you store your vehicles
• How much the vehicles are worth
• The number of named drivers and what their experience and driving histories are

Fleet insurance isn’t any more complicated than standard car insurance – it simply covers a larger number of vehicles!

Motor fleet insurance policies are suitable for all sized businesses, whether you have a large fleet of vehicles or two (the minimum amount required in order to take advantage of motor fleet insurance).

Fleet insurance covers business vehicles for damages that are caused by fire, theft or road incidents, covering damage costs for both your business vehicles and other road users. The level of cover your vehicles receive is dependent on the type of cover you opt for. Some insurances can provide the following:

• Theft of damages to your vehicles
• Breakdown recovery in event of an accident of breakdown
• Legal fees
• Damage to windscreen or windows
• Replacement keys if lost or stolen
• Support towards medical expenses if your driver or passenger is involved in an accident
• Driving abroad
• A courtesy car offered if the vehicle is in for repair

Probably the most typical arrangement is for a fleet insurance policy to cover “any driver”, so that any of your employees may drive anyone of the vehicles – provided, of course, that they hold the relevant driving licence.

If you have a small or especially constant team of drivers, however, it may be possible to earn a discount on your fleet insurance premiums by arranging a named driver only policy.

The cost of fleet insurance is dependent on premiums, the types of vehicles and the drivers. The cost of your fleet insurance policy factors in how many vehicles are in your fleet, what types of vehicle they are, how old the vehicles are, what condition the vehicles are in, how often they are used, what they are used for and where they are kept when not in use.