Looking for Motor Fleet Insurance?
Motor fleet insurance offers a simple and often cost-effective way to insure multiple company vehicles and drivers on one policy.
Advantages of a motor fleet insurance policy include multi-vehicle discounts, reduced admin because there’s only one policy and one renewal date, and less risk of drivers ever being without insurance.
Different types of motor fleet insurance
Motor fleet policies can be tailored to your business, making sure that you have the cover and flexibility your business needs, whilst only paying for the cover applicable to you and your fleet.
Flexibility and the peace of mind that comes with knowing your employees will always be covered whichever company vehicle they are driving
A cost effective option if drivers will only be driving the vehicle allocated to them
Required for taxis, chauffeured vehicles, any vehicle where you are receiving financial gain in exchange for transporting people
This can apply if employees are using some of their own tools
Ideal for couriers, deliveries and any type of haulage business
Motor fleet insurance and additional extras
In addition to motor fleet insurance, many insurers offer additional types of cover to suit your business needs. These include:
- Personal effects insurance
- Replacement locks if keys are lost or stolen
- Trailer Insurance
- Breakdown cover
- Insurance for private use
- Legal expenses / cover
- European / foreign use cover
- Free windscreen repairs
Saving money on motor fleet insurance
Motor fleet insurance is influenced by various factors including, the size of the fleet and the usage and mileage of the fleet. Ways to the reduce cost of motor fleet insurance include:
Motor fleet insurance and no claims
Whether or not no claims can be accrued on a motor fleet policy depends on the insurer. Particularly on multi driver policies many insurers will not provide no claims discounts. Some insurers choose to operate discounts based on the total claims value over the year, the lower the claims value the greater discount.
If you are an individual looking for private insurance after having been insured on a company policy, talk to your insurer as some will take this experience into account. If your company vehicle was for your use only and you were insured for personal use, then no claims may be applicable. Your employer will need to confirm this.
Motor Fleet Insurance – Useful FAQs
No
Motor fleet insurance can cover any number of vehicles. Some insurers set a minimum of 2 vehicles, whilst others set this at 3 or 5.
No
There should be no trouble insuring a diverse fleet comprising cars, vans, lorries and minibuses etc. Just be sure to give your insurer detailed information on your fleet, usage and mileage.
This depends on the company
Companies can choose whether or not to extend insurance to partners. If this is permitted your partner will need to fit within the criteria of the insurance policy, for example; be within a certain age range, have a clean licence and at least one year’s driving experience. It’s important to check all of this with your company before you hand over the keys.
No
Although some people do have the facility to drive other cars as part of a fully comprehensive policy, this does not apply to leased vehicles.
Yes
Many insurers specialise in providing motor fleet insurance for private and public hire vehicles. Read more about Taxi Fleet Insurance