Fleet motor insurance is usually open to organisations that own or lease more than 5 vehicles and are looking to have them insured with the same insurer.

What’s the point of fleet motor insurance?

Depending on the accident history of each of the vehicles, there can be massive discounts for purchasing fleet motor insurance over standard insurance per vehicle. Some people can save up to 67% on the cost of their insurance.

It also means that some fleets can be placed with private insurance companies. This can undercut by 10% on fleet on collision, comprehensive and liability.

What are the disadvantages of fleet motor insurance?

The major disadvantage is that if one of the vehicles has an accident, the premium will affect all the vehicles on the policy. If there is one particular vehicle that is prone to having accidents, you may wish to insure the rest of the vehicles under the fleet motor insurance policy, and insure the accident-prone vehicle under it’s own policy so that any future accidents do not affect the fleet premium.

As ever, it is worth shopping around. There are many fleet motor insurance specialists and shopping around will ensure that not only do you get good cover for your automobiles, but you also get the cheapest premiums around.

The minumum amount of cars that can be classed as a ‘fleet’ depends on the insurer. Some insurers class a fleet for insurance purposes as 2 or more, others will only deal with you if you have 5 or more cars which you would like insured under a car fleet insurance policy.

Many insurers will also have additional, complimentary products when you take out fleet motor insurance – some of the products may be free, others may incur a small cost. Some of the products frequently associated with taking out car fleet motor insurance are:

- Breakdown recovery
- Accident Management Cover
- Loan vehicles in case of accident
- Legal Cover