Here’s how to find the right Fleet Insurance at the best price

What is Fleet Insurance?

Fleet Insurance covers all your vehicles (the fleet) under one policy. You need at least 2 vehicles to be able to set up a fleet policy.

The advantages of Fleet Insurance

There are several benefits to a fleet policy for a business:

Potential for any licensed driver to be insured: Your fleet can be insured so that anyone with the company’s permission to drive a company vehicle can simply jump in and drive with no need to talk to the insurers or pay additional premiums, this would be subject to correct licence and claims experience.
Easier to keep track: With only one policy for all the vehicles there is only one renewal date and one payment to make keeping things straightforward.

Lower costs: Fleet Insurance can usually work out cheaper not only from a cost per vehicle stance but also as there is far less administration as there is only 1 policy to arrange and not multiple individual policies.

How to bring your Fleet Insurance premium down

You need to consider the following if you’re looking to keep costs down:

Not allowing drivers under a certain age to drive company vehicles: the limits are Any Licensed Driver, Any Driver over 21, 25 and 30. Think carefully about which one you need as the price does differ.

Use reasonable company cars: no need to use a BMW M3 where a BMW 320d will suffice for example
Check your drivers: regularly check that your drivers haven’t accrued points on their licence and even test to see if their driving is up to standards, also issue driver handbooks

Security: From alarms and immobilisers to GPS trackers and front-facing cameras, installing more security will lower your premiums by helping prove innocence in a crash or finding a stolen vehicle.

Raise your voluntary excess: this will save you money if you make no claims on the policy.

To find out more, get in touch with the team at 0207 101 4941.