The Rookie’s Guide to Fleet Insurance

Vehicle Insurance, ugh, it’s a mind boggling game right? It needn’t be. Here, we’ll explain everything you need to know about Fleet Insurance.

What on Earth Is Fleet Insurance?

Fleet insurance is essentially, insurance for multiple business vehicles. Any vehicle in use or abandoned on a public road is required by law to have competent insurance cover. The benefit of taking out fleet insurance is that the policy holder can take out the same policy for all of their vehicles. Alternatively, customers can customise coverage based on individual needs. Whether you have a high performance car or a transit van, fleet insurance is not restricted to one vehicle type.

Who Is Fleet Insurance for Exactly?

Though the majority of fleet policies are held by businesses, your ‘fleet’ may consist of just four vehicles. Though fleet is predominantly used by companies which are required to travel for business, it can also benefit an individual. You may be a working family with five cars between you or a thriving taxi business with fifteen cabs. It doesn’t matter what volume of vehicles you want to cover or which line of business you’re in. Some examples of businesses using fleet insurance include retailers, labourers, entertainers and charities – the list is exhaustive.

How Can I Benefit?

A crucial way customers can benefit from fleet insurance is by covering a number of different vehicles under the same policy. This takes away considerable stress for the customer as you are not burdened with heaps of different policies. If your company has five cabs used for local travel and two mini-buses for long haul journeys, compiling separate policies for all seven vehicles causes unnecessary hassle. Fleet insurance covers all vehicles whilst ensuring each one is protected within the policy.

Is There A Catch?

The requirements companies have tend to vary from business to business but there are key factors to consider when choosing fleet insurance. The main thing to remember is that the cost to insure a mixed combination of vehicles may be higher than a dozen of the same vehicle type. The condition and age of vehicles will affect prices, as well as the estimated mileage of said vehicle.

Please remember that whilst vehicles are covered, any personal equipment such as luggage or electronic devices are not. Any belongings which are not crucial to your automobile will require a separate protection policy.

How Can I Find the Best Quotes?

Insurance comparison sites are a good place to start; they whizz through multitudes of fleet providers to bring you the best prices available. Customers are usually required to submit their details into a fleet insurance quote form, the website then works like a cheetah to bring the customer personalised quotes within minutes.

Want to get this insurance drivel over before you can say “cheap quote”? ConstructaQuote may be able to help you find what you need.

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