How to choose a fleet insurance company ?

Posted on December 11, 2010 by admin


Fleet Insurance is a good option to consider when insuring more than two automobiles. Of course, when looking into changing to fleet insurance, it is best to keep several factors in mind and shop around to get the best rate possible. As with normal car or truck insurance, there are several different options for fleet insurance policies. Depending on whether you choose full, liability only, add roadside assistance or other options, your rate will be higher or lower no matter what company you choose. Fleet insurance is considered a form of commercial insurance and as such not all auto-insurance companies will deal in it.

Let’s discuss some of the factors you should consider when thinking about how to choose a fleet insurance company.
There are a few ways to locate an insurance company that provides fleet insurance.
* Your local yellow pages will provide a list of automobile insurance companies that you can call to inquire whether they provide fleet insurance.
* An insurance broker is another option that will help lower your rates if you can find one that will service your fleet requirements. Insurance brokers will choose the best rate they can find from a list of insurance companies they deal with.
* Using the Internet to find your fleet insurance company is another valid option when searching for companies. Many insurance brokers use the Internet as a platform to run their business.
* Another method to consider is asking any local companies that have a fleet of vehicles what insurance company they use.

Reputation, length in business, customer service, claim service, deductible and fleet insurance policy cost are all key factors to consider when checking out your potential insurance company. Reputation can be found on various review sites online regarding insurance companies, but checking around at local businesses will help put a local insurance company in focus. Asking your insurance company how long they’ve been in business is a good idea. Knowing this can help determine how stable the company is. Again, knowing the companies customer service and claim service satisfaction level is great because it will let you know how easy dealing with them during an emergency situation will be. Who needs any extra stress when recovering from an accident?

When it comes right down to it, most people will of course choose the cheapest insurance they can, but remember, sometimes adding a little cost upfront can save you a big bill later. When looking for a fleet insurance company, evaluate your companies needs entirely and choose an insurance company that can meet those needs.

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UK Fleet Insurance Tips for Commercial and Residential Drivers

Posted on November 8, 2009 by admin


UK fleet insurance tips are directed more at residential drivers than commercial drivers. While it is readily known that fleet insurance is a cost effective way for any business to insure multiple vehicles, it is not so well known that residential drivers can save money this way as well.

For residential drivers who own more than one vehicle, fleet insurance can provide one of the more cost effective ways to keep the insurance premiums at a reasonable rate. Insurance for a single vehicle can end up being rather expensive if you have any of the underlying high risk issues that are common today. Insuring all of the family cars under a single policy can cut down on the costs often by as much as 50%.

Any business, large or small, needs to maintain vehicle insurance on their cars, trucks, vans, and any other form of transportation that might be in play. When your business hires drivers or delivery and service personnel, fleet insurance is not just a cost saver. It is often a time saver as well.

One of the little known UK fleet insurance tips for commercial use is that any filed claim is often processed faster and with fewer questions than a residential private insurance plan. This is because it is already understood that your vehicle may not be on site or under your control at the time of an accident. Thus, the insurance company requires that you have less to prove when filing a claim under fleet insurance plans.

Your overall costs for fleet insurance are usually determined by the important aspects pertaining to the vehicles in question. You will need to provide accurate information of the makes, models, and mileage in order for your quote to be accurate. However, driver history may or may not play an actual role in determining your overall cost. This is highly convenient for anyone who has a relatively high turnover of drivers or tends to have a difficult time procuring drivers with perfectly clean records.

For residential and commercial drivers, the greatest UK fleet insurance tips include common sense issues like remember to shop around annually and to ask your current fleet provider to offer you a better deal. Comparing companies often gives you leverage, although it is possible that by asking for a discount or a promotional deal that they will extend it to you.

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Fleet Insurance

Posted on August 11, 2009 by admin

Fleet Insurance is the kind of insurance you would look for if you owned a fleet of vehicles. Whether you own a large fleet of fifty vehicles, or merely half a dozen for your new startup company, fleet insurance might be just the thing you need to not only protect yourself and your assets, but also to save some money while doing it.

Insuring your fleet of vehicles with fleet insurance is actually quite similar to insuring an individual vehicle, except that the coverage extends to your fleet instead of just to one car. Of course, if you have a larger fleet of vehicles that vary in size and function, you can mix and match different coverages to cover certain types of vehicles. This practice can save you a lot of money, especially if you only need basic coverage on most vehicles, but more on the newer ones.

If your company is beginning the search for a fleet insurance provider, here are a few things to keep in mind. These tips might seem like simple common knowledge to some, but failure to think of these crucial items beforehand can cost you a lot.

First off, make sure that every driver employed by you to drive a vehicle is fully licensed, and is licensed fully and legally for the size of the vehicle he/she is driving. Some bigger vehicles require special licenses, and failure to make sure that every driver is insured can lead to a fleet insurance agency’s refusal to pay out if an accident occurs.

On the flipside, having all of your licensed drivers participate in regular safety and/or training classes can lower your premiums significantly, not only saving you money but also helping your crew to become a better driving-team in the process. This will promote safety, awareness, and savings!

If you own your own car, but are the one who is going to be paying for fleet insurance for your company (for example, if you own the company…), then you can sometimes get fleet insurance on your car as well, especially if it is going to be driven for work purposes.  Of course, this really depends upon what company you choose to go with, but it can save you a lot of money to insure your own car this way.

Fleet insurance can save a company tons of money. Insurance costs are on the rise, and fleet insurance is just one way in which you can save serious cash. This is money which can then be spent on other things, like upgrading vehicles or training new drivers!

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What is Motor Fleet Insurance?

Posted on March 24, 2009 by admin

Motor fleet insurance is when you have insurance for a fleet of vehicles. You may have a large fleet of fifty assorted vehicles, or you may have mini fleet insurance if you are insuring less than half a dozen vehicles. If you are just starting up in business, and there may come a time when your business will own more than one company vehicle then you may need to think about getting motor fleet insurance. Motor fleet insurance is very similar to ensuring your individual car, you may decide to have only third party fire and theft, which basically means that if you are in an accident then the other person can claim for their vehicle and for any medical expenses, and you cannot claim anything. It is a good idea to have breakdown cover on your fleet vehicles if you don’t want your driver stuck on a country road at dead of night, or your vehicle abandoned. Breakdown cover will mean that you get roadside assistance to the site of the breakdown and possible help to get home.

If you want to be sure that a vehicle is covered in any eventuality, such as a crash or breakdown, then you want fully comprehensive insurance. If you insure a fleet of vehicles then you may decide to have different levels of insurance on each vehicle as this can sometimes be cheaper.

More often people have their whole fleet of vehicles insured for the same things, although this may involve a higher premium it does mean that all of the vehicles in your fleet are covered for just about anything. It is much better to get your motor fleet insurance from one insurance broker as you will pay less premiums this way. When you insure different vehicles with different insurance companies then you up your overall premium payments and you could get in a muddle remembering which vehicle has what level of insurance.

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Fleet Insurance Tips

Posted on March 24, 2009 by admin

If you run a company that operates a fleet of vehicles then there are a number of things that you should be aware of before you start looking for fleet insurance as some of these things can affect the amount you pay in premiums – it can also determine whether or not the insurance company will pay out on any claim that you make.

You must make sure that any driver that you employ has a full driving licence and is entitled to drive the size of vehicle that your company runs/ If there is a problem and the fleet insurance company discovers that any of your drivers do not have a full licence, or they have been banned and are driving illegally, then the company can refuse any claim you make.

When you have fleet insurance you don’t necessarily have to have the same cover for each of your vehicles. Some vehicle may only have third party fire and theft while others will have greater coverage, including breakdown insurance and European breakdown insurance for any vehicle that is driven throughout the EU. If some of your vehicles are needed for different purposes at different times then you can lower or raise your excess on any given vehicle, as this will lower the cost of the premium.

If you drive your own car then you can also have this vehicle on a fleet insurance policy as this could save you money. Where you have a group of drivers that have their skills updated by regular training sessions then this could lower your premiums as the insurance company would regard this action as taking care of your vehicles. If you insure all of your vehicles with the same insurer then this can reduce the risk to your vehicles and may also mean that you eventually pay lower premiums. On the other hand, should you insure vehicles with different insurers then you could end up paying out a lot more in premiums.


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When to Consider a Mini Fleet Insurance

Posted on March 24, 2009 by admin

When people talk about having a fleet of vehicles it is all too easy to imagine fifty cars or vans sat on the forecourt waiting to be taken out by drivers. While this may be the case for large businesses, many a small business has less than half a dozen vehicles, but these vehicles still need insuring. If you have half a dozen vehicles or less then you might want to think about mini fleet insurance. Your fleet may consist of more than one type of vehicle and if this is the case then your insurance needs may be more complex.

Many companies that offer fleet insurance and mini fleet insurance have a number of different packages available. If you take care of your vehicles, regardless of whether you want to insure a large or a mini fleet, then you are much more likely to get insurance with cheaper premiums than someone who doesn’t take care of their company vehicles.

Most companies offer third party fire and theft and this is the basic insurance if you live in the UK – similar to limited liability insurance if you live in the United States. If you are a new company that plans to build on your fleet over time then it is worth looking for a mini fleet insurance company that gives competitive rates to new businesses.

You probably need breakdown insurance as well as third party fire and theft as this will ensure that if a driver has problems he or she will receive roadside assistance.

It is worth the time and effort to have your vehicles fitted with an immobiliser or something similar as insurance companies look favourably on clients who take the time to try and avoid problems such as a stolen fleet vehicle.  It is a good idea to find mini fleet insurance where you get a courtesy vehicle if one of your drivers has been involved in an accident.

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Where to Find a Fleet Insurance Company

Posted on March 24, 2009 by admin

Those people who have a medium to large size enterprise may also run a fleet of vehicles, whether these are simply pool cars, or a fleet of vans, you still need to find a fleet insurance company that can meet your needs and quote you a price that you can afford.

Finding a fleet insurance company that is adequate for your needs and that will quote you a better price than many other fleet insurance companies, is not that hard to do. If you have a fleet of vans that you wish to insure then it is a good idea to look for a company that is used to providing fleet insurance for vans.

Nowadays there are a lot of companies who offer fleet insurance and finding a company that you can personally trust is very important. One way of getting yourself a trustworthy insurance company that you feel you can work with is to go by word of mouth. Find out which insurance brokers other companies are using and how they fare with them.

When you are looking for insurance, especially fleet insurance, then don’t take the first quote that you are offered. The rise of internet has seen many insurance companies doing  business online, so it shouldn’t be too hard to look at a few of these sites to compare prices Once you have decided on a ball park figure that you can afford to pay in premiums, then make sure that the company is offering what you need. If you run a fleet of vans that sometimes carry people as well as goods, then you may need to look a bit harder for the right kind of fleet insurance. Not every insurance broker offers insurance on vehicles that carry passengers; again you should ask around and do some online research before you make a decision.

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Five Tips When Looking for a Fleet Insurance Quote

Posted on March 24, 2009 by admin

If you have a company and you have several company vehicles then the cheapest way to insure those vehicles is fleet insurance. There are now a number of companies offering fleet insurance, this article gives some tips on what you can to get a more competitive fleet insurance quote.

Vehicle Alarms

If your company vehicles are fitted with alarms or immobilisers then you should mention this to the insurance brokers. Insurers look more favourably on companies who have taken steps to protect their vehicles from theft and this could get you a reduction in the amount of premium you are quoted.

Drivers

If your drivers are over a certain age or they are very young, this could affect how much you pay as insurers regard older drivers and very young drivers as insurance risks. If, however, you have a limited number of drivers rather than an any driver policy, you will save money on your premiums.

Garage

If you have a garage or somewhere that you can lock your vehicles away at night then this will improve your chances of getting fleet insurance at a reduced rate as this decreases the chance that your vehicles will be stolen.

Vehicle Size

You should try to limit the size of your vehicles. Those vehicles with a smaller engine will not only use less energy and be cheaper to run, engine size is also a factor that can raise or decrease the amount you pay in insurance premiums.

Be Proactive

If you make sure that your drivers regularly update their driving skills through training courses, then not only will this result in lower running costs, you are more likely to be offered lower premiums on your fleet insurance. Insurance companies look favourably on companies where managers are proactive in this way.

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