Fleet Insurance Explained

Fleet insurance is usually associated with businesses but it’s not only for commercial use. For example, families who have many cars to insure can cover them together by getting a family fleet insurance policy.

Also if you have a personal car collection and want to insure your vehicles together then you can get a mini fleet policy.

Of course countless types of businesses also get fleet insurance too, such as taxi firms, motor trade businesses, food delivery services, supermarkets etc.

What types of fleet insurance are there?

Below are the main types of fleet insurance –

  • Road risks – Road risks are essential with any fleet policy. The lowest level of cover you can get in order to make your vehicles road legal is third party only – this will provide protection for other road users if one of your vehicles is involved in a collision.
  • Liability claims – Liability claims can come at any time and often unexpectedly so it’s certainly wise to have liability cover included in a fleet insurance policy.
  • Goods in transit – If the vehicles in your fleet are used for transporting goods then you should strongly consider getting goods in transit insurance. This will ensure that your goods are covered for theft and damage as well as spoiling, in the case of refrigerated trucks.
  • Breakdown recovery – Having breakdown recovery is vital when you’re insuring many vehicles, particularly when they’re used for commercial reasons. You have this type of cover added to your policy for an additional cost.

How to get quotes

Getting a lot of quotes is one of the best ways to save money on fleet insurance so it’s important to do this rather than simply contacting one provider and taking out the first policy you’re offered.

By far the best way to get fleet insurance quotes is by using an insurance comparison service. There are many insurance comparison services that you can use online where you simply fill out a quote form and receive quotes from different insurance providers.