What is a car fleet insurance policy? Simple, it is a motor fleet insurance policy made up of purely cars with no mix of other vehicles such as vans or haulage trucks, taxis etc.
Many fleet insurance policies consist of just cars although the range of vehicles covered can be wide and varied such as combinations of:
High Performance Cars – Subaru’s, Mitsubishi , Evo’s, Lotus etc
High Value Cars – Aston Martin, Porsche, Rolls Royce etc
4 x 4’s – Land Rover, Porsche, BMW, Ford etc
Hatchback / Saloon Cars – Ford, BMW, Volkswagen, Audi etc
Environmentally Economic Cars – Toyota, Pirius, Honda’s etc
The list of cars would be endless but hopefully you start to get the impression that fleet insurance can cater for all types of vehicles!
Your fleet car insurance can also cater for any trailers you may need to attach to your cars, trips abroad, breakdown cover, uninsured loss recovery and fleet insurance experts will discuss with you your needs and suggest solutions which you may not have previously considered.
Car fleet insurance experts should advise and look after you and your company’s needs at all times.
You are as individual as are your car fleet insurance requirements – something you should remember when other fleet insurance brokers attempt to send you along a route you may not be comfortable with!
Finding the right Motor Fleet Insurance for your business can be a daunting task. Despite popular opinion there are various levels of cover you can request from your Fleet Insurance. Your Motor Fleet Insurance needs to provide the right cover for your vehicles as well as your drivers. There are three levels of cover you can choose from:
Comprehensive
Third Party Fire & Theft
Third Party Only
Some fleet insurance companies will also allow you to have varied cover on your fleet insurance policy.
In addition to this cover you can also be offered certain extensions to your motor fleet insurance policy which may include:
Windscreen cover
Breakdown Cover
Courtesy cars
Legal Expenses Insurance
You need to give careful consideration as to who will drive your vehicles as the higher the age restriction the larger the discount you will receive from your fleet insurance company. Some of the more common restrictions you can opt for are:
Any Licensed Driver Over 30
Any Licensed Driver Over 25
Any Licensed Driver Over 21
In addition, if you have particularly sporty or expensive cars to be covered by your fleet insurance you may wish to voluntarily restrict the driving age just for these vehicles. This is to demonstrate that you are not going to let your 18 year old apprentice drive your Porsche!
Finally your fleet insurance broker will need to know the type of use for your motor fleet insurance. Examples of these are as follows:
Haulage
Carriage of Own Goods
Private and / or Public Hire
Social Domestic & Pleasure use only (SD&P)
SD& P and Business Use
Carriage of hazardous Goods
Airport Side Use Extension
Hopefully reading this has made you more aware of the varying cover a fleet insurance policy can offer you and your business.
» Read more: Car Fleet Insurance