Fleet Auto Insurance
Business Insurance
CDC Insurance provide Fleet Auto Insurance to businesses based in Broadstairs, Kent or nation-wide.
Fleet Auto Insurance is a businesses insurance for companies or organisations that have two or more vehicles. Fleet Auto Insurance allows your company to insure multiple vehicles, including; cars, minibuses, trucks, HGVs and vans – all on one insurance policy.
Companies with 2 or more vehicles will benefit from a fleet auto insurance policy as it’s more cost effective to insurance multiple vehicles as a whole rather than take out a separate insurance policy for each vehicle.
There are many different factors that could affect the price of your fleet auto insurance policy. One factor is having an insurance broker. An insurance broker will be able to present your level of risk to the insurance market accurately and appropriately. The way your companies risks are presented can help get you a better price.
Here are some other factors that may affect the price of your fleet auto insurance policy:
- Occupation – this is what your business does and what your employees do as an occupation
- Location – this is where your company is based and where it opporates
- Driver age profile – the variation of age across all of your drivers
- Vehicle types – which type of vehicles will be used (e.g HGVs, Taxis, Coaches)
- Use of vehicles – what your business vehicles will be used for
Types of Fleet Auto Insurance:
There are different types of fleet insurance policies that you can apply for depending on what type of vehicles your business uses. These fleet insurance types include:
- HGV fleet insurance – a fleet insurance policy that covers a fleet of heavy goods vehicles
- Bus and coach insurance – this fleet insurance covers busses and coaches for commercial use
- Taxi insurance – this covers cars and minivans that are used as taxis
- Occasional fleet use – a fleet insurance policy that covers the use of fleet vehicles sparodically
- Fleet breakdown cover – this type will cover any vehicles within your fleet if they break down
- Mini fleet insurance – this policy type is for fleets that typically contain between 2 and 15 vehicles
Does my business need Fleet Auto Insurance?
Fleet insurance protects your business’s fleet of vehicles. However, some types of businesses may not need this type of policy.
- Businesses Using Only Employee-Owned Vehicles: Companies where employees use their personal vehicles for work (e.g., commuting or visiting clients) and are reimbursed for mileage generally don’t need fleet insurance. Instead, employees should ensure their personal auto policies include business use coverage.
- Businesses Renting Vehicles Occasionally: Companies that hire or lease vehicles on an ad-hoc basis for specific projects may rely on hire car insurance or short-term vehicle insurance rather than a full fleet insurance policy.
- Businesses with Fully Outsourced Transportation Needs: Enterprises that rely entirely on external logistics or transportation companies for moving goods or services do not require fleet insurance since the responsibility lies with the logistics provider.
Need fleet auto insurance?
Fill out the form at the bottom of this page and our team will get in touch with you shortly regarding your free fleet insurance quote. Alternatively, email us via enquiries@cdc-insurance.co.uk or call us on 01843 861251.
What Affects the Cost of Fleet Auto Insurance?
Several factors influence the cost of your fleet auto insurance policy:
- Number and type of vehicles: Insuring HGVs or high-value vehicles will naturally cost more
- Vehicle usage: Regular long-distance driving or use in high-risk areas will impact premiums
- Driver age and experience: Younger or less experienced drivers typically attract higher premiums
- Claims history: A clean claims record may result in a fleet-wide no-claims discount
- Security features: Tracking devices, dash cams, and secure parking can all reduce your premium
Fleet Auto Insurance Risk Management
Proactive risk management can help to reduce the cost of your fleet auto insurance. Many insurers reward companies that demonstrate good driving behaviour and low claims history. Some useful practices include:
- Conducting regular vehicle maintenance checks
- Ensuring drivers undergo safety training
- Installing telematics or GPS tracking devices
- Keeping accurate records of incidents and driver performance
- Restricting cover to more experienced drivers where appropriate
Investing in these risk-reduction strategies may not only lower your insurance costs but also improve your fleet’s operational efficiency and driver safety.
5 Benefits of Fleet Auto Insurance
- Cost Effective: Insuring multiple vehicles under one policy is often more cost-effective than taking out individual policies for each vehicle, lowering your overall premiums.
- One Renewal Date: With one policy for all of your vehicles, you only have one renewal date to manage, reducing hassle and making it easier to keep on top of your policy.
- Driver Flexibility: Most fleet policies offer any-driver cover, meaning any employee can drive any of your vehicles with your authorisation. This can provide a lot of flexibility for your business, especially when it comes to driver availability.
- Comprehensive Cover: A fleet insurance policy covers all your business vehicles under a single policy, including cars, vans, or lorries.
- No Claims Discount: You can build a no-claims discount across your fleet of vehicles, reducing your premiums over time if your drivers do not make any claims.
Get a quote for a fleet auto insurance policy
Fill out the form below and our team will get in touch with you shortly regarding your free fleet insurance quote. Alternatively, email us via enquiries@cdc-insurance.co.uk or call us on 01843 861251.
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Fleet Insurance: 5 Factors to Consider
Are you responsible for managing a fleet of vehicles? If so, one of your top priorities should be ensuring that your vehicles and drivers are protected with the right insurance coverage.
