The level of cover you need
One of the first things to think about when taking out a fleet insurance policy is the level of cover you need. When it comes to fleet insurance, the main cover options are mostly the same as with regular motor insurance. If you only need minimal protection then a third party policy will allow all the vehicles named to be driven legally. To add extra protection to a third party policy, you can opt for third party, fire and theft cover. This will ensure that if any of the vehicles on your policy are stolen or damaged by fire, then you’ll be properly compensated.
Fully comprehensive insurance will provide full cover for the vehicles in your fleet, even if you or one of your drivers are at fault for a collision. You can also have additional types of cover added to a fleet policy, including breakdown recovery, windscreen repair and liability insurance.
The security of your vehicles
The security of your fleet is extremely important. This is because good security will not only make your vehicles less likely to be targeted by vandals and thieves but also because it will help to reduce the price of your premium. You should take measures to make your vehicles as secure as possible, including installing alarms and tracking devices.
Ways to save money
There are some excellent ways that you can save money on fleet insurance. Below are a few of the best –
- Increase excess - Your excess is the amount of money you’d pay if you had to make a claim. By increasing this figure, you can save a significant amount of money on your premium. It is a little risky but it’s a very good way to keep costs down.
- Pay annually - Paying for your policy upfront rather than on a month-by-month basis will enable you to save a significant amount of money overall. It may not be affordable for everyone but it’s definitely worth considering
- Shop around - Shopping around for quotes from different insurance providers will enable you to easily compare them and choose a quote that offers the cover you need and at a competitive rate.
Get fleet insurance quotes now
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