What is fleet insurance?
Fleet insurance is a single motor policy that covers two or more vehicles owned or operated by the same business or household. The whole fleet is rated as one risk using your claims record, trade and drivers, so every vehicle shares one renewal date and one set of documents.
- Available from 2 vehicles, with the widest choice from 3 to 5 upwards
- Cars, vans, HGVs, minibuses and taxis can share one schedule
- Vehicles can be added or removed mid-term, charged pro rata
- Priced mainly on confirmed claims experience over 3 to 5 years
What is fleet insurance?
A fleet policy is a single motor insurance contract that covers a group of vehicles owned or operated by the same business or household. Instead of rating each vehicle separately, insurers rate the fleet as a whole using your claims record, your trade, your drivers and the type of vehicles you run.
Most UK insurers class anything from two vehicles upwards as a fleet, though the widest choice of schemes opens up from three or five vehicles. Vehicles can be added and removed mid-term, which is why fleets suit businesses that buy, sell or hire vehicles through the year.
- One renewal date and one set of documents for the whole fleet
- Add or remove vehicles during the policy year without starting again
- Mixed vehicle types on one schedule, from a hatchback to a 44-tonne artic
- Any-driver, named-driver or age-restricted driving arrangements
What affects your fleet insurance premium
Fleet underwriters price the whole operation, not the individual car. The single biggest factor is your claims experience, a fleet with three years of clean confirmed claims experience will generally be viewed more favourably than an otherwise similar fleet with a history of at-fault claims.
- Claims history over the last three to five years, confirmed in writing by your current insurer
- The trade you are in and the goods you carry
- Driver ages, licence history and whether you allow any driver over 21, 25 or 30
- Annual mileage and the areas your vehicles operate in
- Where vehicles are kept overnight and what security is fitted
- The value and type of vehicles, especially high-value plant, tippers and refrigerated units
What insurers take into account when rating a fleet
Fleet underwriters work from the information supplied to them. These are the details they most commonly take into account.
- Confirmed claims experience (CCE) letters from the current insurer, covering three to five years
- Whether driving is open to any driver, restricted by age, or limited to named drivers
- Whether telematics or dashcams are fitted across the fleet
- Where vehicles are kept overnight and what security is in place
- The voluntary excess the business is prepared to carry
- How far ahead of renewal the enquiry is made
Why choose Fleet Cover UK?
One policy, one renewal and a specialist who takes time to understand your business. The team at Broker Zone can discuss your vehicles, drivers and requirements, explain suitable options and help you decide on the next step.
Insurance services are provided by Broker Zone Ltd, an appointed representative of Gauntlet Risk Management Ltd. Cover is subject to insurer acceptance, terms, conditions and exclusions.