Opting for fleet insurance is beneficial to any organisation that has a number of vehicles. With fleet insurance in place, the administrative load of an organisation is reduced since there is only one date for insurance renewal. Also, since the administrative load on the company providing the insurance is reduced, chances of reduced per vehicle prices also increase.



One disadvantage that opting for fleet insurance could present would be your organisation's cash flow being affected, as the renewal for all the vehicles would end up falling on the same day. You could, however, choose to spread your payments over a period of time, but this would generally involve a small fee.

If you are worried about what is covered under fleet insurance and what is not, you do not need to. All the covers that are available in regular forms of insurance are available in fleet insurance. The one main difference would be in the rating of the fleet. Instead of receiving an individual ‘no claims discount' for each vehicle, the insurance provider will rate the claims based on the overall experience with the organisation.

It is common place to have an excess placed on every claim. This would be the money that the organisation would need to pay, while the insurer would pay the remainder.

The cost of getting a fleet insurance policy depends on factors like the total number of vehicles, the make of these vehicles, who these vehicles are driven by, the purpose they serve, etc. Normally four to five vehicles are required to opt for a fleet policy.

If travelling to other parts of the European Union is part of your business, you can look for fleet insurance policies that cover this aspect as well. Do go through the quotes very carefully and see the things that are covered and things that are not. Not all policies cover damage to electronic equipment and some are known not to cover broken windscreens. Theft due to keys being left in the vehicle is one scenario that is almost definitely not covered.

Finding insurance companies that deal with fleet insurance (not all do) is not quite as easy over the internet. The majority of the large automotive insurance providers in the UK are now online and can be approached for quotes through their websites. It is ideal to get different insurance companies to send you different quotes as this would give you a clear picture of existing market trends. Discounts and special benefits offered by insurance companies are not unheard of.

As a customer, you can also opt for an ‘add on' to your fleet insurance. A common add on is the insurance for legal protection. This helps you in recovering losses that are not insured, in accidents where you or your drivers are not at fault. Breakdown insurance can also offered at discounted price along with the fleet insurance policy.

Since choosing a new insurance policy for your fleet of vehicles is an important affair, it is best to invest considerable time and effort to go through all available options before signing on the dotted line.