Business Fleet Insurance

81% of policyholders can save money on their
motor fleet insurance policies with our advice

Get A Fleet Insurance Quote

Many businesses own and operate a number of cars, vans or HGVs as part of their day-to-day trading. The management and upkeep of these essential vehicles can be costly, particularly if something goes wrong. This is where a motor fleet insurance policy for your business proves its worth. You can save thousands for your business by opting for motor fleet insurance as opposed to insuring your vehicles individually.

If you would like to find the best business fleet insurance coverage from leading providers, contact our team today to receive a free quote

What Is Motor Fleet Insurance?

Motor fleet Insurance is for large and small fleets and you can insure from three vehicles upwards on just one motor fleet insurance policy.

A motor fleet insurance policy is more efficient  – and much easier to manage – than a separate policy for each vehicle. The policy provides cover for:

  • Several vehicles
  • More than one driver per vehicle
  • A named driver basis
  • An any driver basis

You also only have to remember one renewal date.

Motor fleet insurance essentially means you bulk buy your insurance from just one provider, allowing you to take advantage of a discount when buying a large amount at a lower price.

What Types Of Motor Fleet Insurance Are There?

You can insure almost any type of vehicle under a motor fleet insurance policy. However, if you want to insure any classic cars or super cars, you may require a specialist type of policy. This is due to the fact that these cars are often more expensive and spare parts can be rare and costly to acquire, so an agreed value policy may be more appropriate.

There are three main types of motor fleet insurance policy:

  • Third party only – this is the minimum legal level of cover
  • Third party, fire and theft – also covers you for fire and theft
  • Fully comprehensive – includes accidental damage

There are also other types of vehicle that require specialist motor fleet policies:

  • If you run a taxi fleet you will need private or public hire insurance
  • Haulage insurance is designed for those offering long distance hire
  • Courier van insurance covers local multi-drop delivery and pick-up services

How Many Vehicles For Fleet Insurance?

When it comes to fleet insurance or other terms such as motor fleet insurance or commercial fleet insurance, the number of vehicles can vary between different policies and naturally business sizes. A business that operates with more than two company vehicles will be eligible for fleet insurance. Some providers will only provide motor fleet insurance to businesses with a minimum of five vehicles.

How Does Fleet Insurance Work?

A fleet insurance policy will typically have four classes which offer different levels of coverage for a business fleet. These four classes include:

  • Social, Domestic and Pleasure Use – This class of fleet insurance would allow a person to travel to and from a permanent place of work. In this case, it is advised to opt for a policy that insures a vehicle individually which will allow you to get the best premium.
  • Class 1 Company Use – This allows a member of the business to use a vehicle of the business to travel to more than one permanent place of work.
  • Class 2 Company Use – This class is the same as class 1 but allows for larger coverage by including other members of the business.
  • Class 3 Company Use – This is the largest coverage under fleet insurance and allows for commercial travel including money collections.

What Is Commercial Fleet Insurance?

A commercial fleet insurance policy, just another term for business fleet insurance and motor fleet insurance, is a commercial policy which covers a group of vehicles under one policy. Vehicles must be owned, leased, hired or borrowed by the company and policies can cover most vehicles, including vans, HGVs, mini-buses and taxis, forklifts and private cars.

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