Fleet insurance combines all your vehicle cover into a single, easy-to-manage policy, removing the need to handle individual insurance plans for each vehicle. Most insurers offer fleet policies once you have at least two vehicles, though some may set the minimum at three or four.
One of the key advantages of fleet insurance is its versatility. A fleet can include:
- Cars, vans, and trucks
- A mix of different vehicle types
- Specialist or purpose-built vehicles
- Both owned and leased vehicles
Compared to standalone policies, fleet insurance provides centralised administration and often allows greater flexibility around who is permitted to drive the vehicles.
Types of cover available for Fleet Insurance
Fleet insurance can include a range of cover options depending on your business needs and the insurer. Common types of cover available are:
Comprehensive Cover
The highest level of protection this will cover damage to your own vehicles as well as third-party damage, theft, fire, and other insured events. This cover will also include windscreen repair or replacement. There may be additional benefits to include personal accident benefits.
Third Party, Fire & Theft
This provides cover for damage your vehicles may cause to someone else’s property, as well as loss or damage to your own vehicles resulting from fire or theft. A practical option for older or lower-value vehicles, due to this generally been cheaper than comprehensive cover.
Third Party Only
Meets legal minimum requirements by covering damage to other people’s property or injury to third parties but does not cover damage to your own vehicles.
Optional Additional Cover
Additionally, many fleet insurance policies offer optional add-ons to cover more specific needs. The insurers we work with can provide protection for:
- Goods in Transit insurance
- Public Liability coverage
- Tools and equipment
- Breakdown assistance
How much does Fleet Insurance cost?
The cost of fleet insurance in the UK can vary widely, as insurers consider several factors when calculating premiums.
Key factors include:
Number of vehicles in your fleet
Larger fleets generally present a higher risk to insurers, and the same applies when there are multiple drivers
Types of vehicles
Different commercial vehicles carry different levels of risk, so the type of vehicles in your fleet will affect the policy cost.
Drivers’ ages and driving histories
Less experienced or higher-risk drivers, as well as a history of claims, can lead to higher premiums.
Level of coverage required
Choosing between comprehensive, third-party, fire and theft, or third-party-only cover will impact costs. The voluntary excess you select also plays a role.
Location of your business
Premiums can vary depending on where your business operates.
How your fleet fits into each of these categories will determine your overall insurance cost, and may also highlight ways to reduce premiums, such as selecting a particular coverage level or improving fleet security.
A practical way to compare policies and costs is to speak to us. Our team can help you find a flexible policy that provides the right level of protection for all your vehicles while staying within your budget.
Benefits of Fleet Insurance
The benefits of fleet insurance go far beyond mere convenience. Here’s why it’s particularly valuable for UK businesses:
Cost Savings
- Discounts for insuring multiple vehicles
- Lower administrative costs
- Economies of scale for larger fleets
- Potential loyalty incentives
- Reduced cost per vehicle
Administrative Advantages
- Single renewal date for all vehicles
- Centralised claims management
- One dedicated point of contact
- Simplified documentation
- Streamlined payment process
Operational Benefits
- Flexible driver arrangements
- Easy to add or remove vehicles
- Consolidated policy management
- Unified approach to risk management
- Consistent coverage across the fleet
What isn’t covered by fleet van insurance?
Policies can differ between providers, but generally, the vans in your fleet will not be covered for certain situations. These commonly excluded scenarios include:
Electrical or mechanical failure
Insurance usually doesn’t cover breakdowns caused by faults or wear in the vehicle’s electrical system or mechanical components. Regular maintenance is essential to prevent these issues.
Theft under insecure conditions
If a vehicle is stolen because doors were left unlocked, keys were left inside, or valuables were left on display, the policy may not provide cover. Taking precautions to secure your vehicles is important.
Uninsured goods carried by drivers
Items transported in the vehicle that aren’t listed on the policy or explicitly insured may not be covered if they are lost, stolen, or damaged.
Damage from general wear and tear
Everyday deterioration, such as worn tyres, brake wear, or minor scratches from regular use, is typically not included in fleet insurance.
Being aware of these exclusions helps ensure your fleet is properly protected and highlights areas where additional cover or precautions may be needed.
What’s the Difference Between Commercial Van Insurance and Fleet Insurance?
The main difference between commercial van insurance and fleet insurance is flexibility.
Easily Adjust the Number of Vehicles
Unlike individual van policies, fleet insurance allows you to quickly add new or temporary vehicles to your policy. This is particularly useful for businesses with large or constantly changing fleets. Just be sure to keep your policy updated with all insured vehicles, as failing to do so could leave you without cover when making a claim.
Flexible Driver Options
Fleet insurance also offers flexibility in managing drivers. You can either list each driver individually or opt for an ‘any driver’ policy. While the ‘any driver’ option provides more flexibility, it usually comes at a higher cost. In general, having fewer drivers listed on your policy can help reduce premiums.
Who Can Benefit from Fleet Insurance?
Fleet insurance is suitable for businesses of all sizes, including:
Small Businesses
- Courier services
- Trade businesses
- Small delivery companies
- Mobile services
- Professional services
Medium-Sized Enterprises
- Distribution companies
- Construction firms
- Taxi operators
- Sales teams
- Service providers
Large Organisations
- Logistics companies
- National retailers
- Manufacturing firms
- Public sector fleets
- Corporate fleets
How to get a Fleet Insurance policy
Obtaining a fleet insurance quote is simple and stress-free. You can call us directly on 0330 056 5734 to speak with a member of our specialist vehicles team or click HERE and complete our online request form.
When you contact us, we’ll ask for some essential information about your business and fleet. This helps us tailor a policy that meets your specific requirements while staying within your budget.
We’ll then provide you with a range of quote options, leaving you to choose the coverage that best fits your fleet and business needs.
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Get In Touch
To request a quote, call us or complete our online form and an advisor will call you back.
Talk to our team
We will check your key details and discuss the level of cover you require to find the right policy for you.
Get Insured today
Purchase the policy and receive your documents within the hour.
Office Hours
Monday to Friday
09.00am to 5:00pm
Address
NBE Brokers Ltd 566 Etruria Road Newcastle-under-Lyme Staffordshire ST5 0SU
