How Many Vehicles Do I Need to Qualify for Fleet Insurance?
Whilst most insurers will only offer cover for fleets of 5 vehicles or more, we have access to a number of providers who are now willing to consider fleets from 3 vehicles.
This can be particularly useful for start-up or growing firms where figures are likely to increase relatively quickly and you wish to benefit for the simple administration of fleet insurance.
What Cover Is Provided by a Motor Fleet Policy?
Fleet Insurance provides a simple solution for businesses looking to cover all of their motor vehicles on a single policy. Fleets can consist of a mix of cars, vans or trucks owned, or the responsibility of the business. The vehicles may be driven by either named and approved drivers, or any driver depending on your specific requirements.
In the same way as a private motor policy, cover is available on either third party only (excluding own damage to vehicles), third party fire and theft (excluding damage, but including fire or theft claims to own vehicles) or comprehensive basis (including damage to own vehicles.
Vehicles may be used for business purposes, as agreed with insurers, in addition to social domestic and pleasure use.
Compare Motor Fleet Insurance Quotes
At Insync we have access to over 10 of the UK’s leading fleet insurers. Our specialist motor advisor will compare fleet insurance quotes and cover options, helping you find the right level of cover for your business at the right price.
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Can I Use No Claims Discount on a Fleet Policy?
For new start-ups, or expanding businesses who looking to purchase fleet cover for the first time, we can convert your existing no claims discount onto your fleet insurance, allowing you to continue to benefit from your claim free history.
How Do Insurers Calculate the Cost of Fleet Cover?
Traditionally fleet policies have been calculated based on the previous claims experience – i.e. the insurers will review the number of claims (known as claims frequency) and total cost of claims paid.
This will assist them in calculating a required premium rate per vehicle which will apply on a pro-rata basis to all additional vehicles added during the year.
How to Save Money On Fleet Insurance?
As well as using an experienced fleet broker such as Insync to compare quotes, there are several other factors which could reduce your premium levels. Restricting driving to “Any Driver over 25” or “Named Drivers” as well as increasing the policy excess is a simple way to reduce cost.
For larger fleets it is worth taking the time to review your previous claims experience to look at accident trends – Is one type of accident more common? Is one or two drivers impacting the result?
Once you understand any trends you can implement an action plan – driver training, vehicle cameras etc. Our dedicated insurance advisors will work with you to improve your claims performance and reduce your insurance spend.
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