Fleet Insurance FAQs

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Written by Michael Foote, Insurance and Finance Expert

Michael Foote is the founder of Quote Goat and has over 13 years experience working in the finance, insurance and currency sectors. Since launching Quote Goat he has appeared on TV as well as many of the largest online publications including Forbes, The Telegraph and The Metro. Prior to Quote Goat, he worked in finance in the city for a number of firms including HSBC.

We want to make sure that everyone in the market for fleet insurance knows exactly what they are looking for in order to find the right policy that suits them.

Here we answer some of the most commonly asked questions surrounding fleet insurance so you can find out more about this specialised type of cover; covering everything form the vehicle’s you can insure to how much you can expect your premiums to be:

What is fleet insurance?

Fleet insurance is a collective policy covering a number of vehicles all used for business purposes. Fleet insurance policies are usually taken out by companies that require a fleet of vehicles in order to operate: for example, a fleet of delivery vehicles or a fleet of transport vehicles like buses and taxis.

Do I need fleet insurance?

Although it isn’t a legal requirement to take out a fleet insurance policy for your work vehicles, insuring hem separately under business insurance policies will be much more costly than having them all covered under one single policy.

How many vehicles can I insure?

There is generally no limit to the amount of vehicles a business can cover with fleet insurance. Policies usually range from 2-3 vehicles anywhere up to 500 vehicles depending on the size of the company. It is important to shop around to find the best policy for the amount of vehicles you are looking to insure as different providers have separate offers for the number of vehicles you are looking to insure.

Is breakdown cover included in fleet insurance?

There are policies out there that definitely include breakdown cover as well as a whole host of additional cover – from windscreen repair to public liability insurance. Policies are usually tailor made to fit each individual policy, as each business will have separate requirements for their fleet.

What types of fleet insurance are available?

Currently, there are three types of fleet insurance on the market: Third Party Only (which is the minimum required), Third Party, Fire & Theft and Fully Comprehensive.

What businesses will fleet insurance cover?

Fleet insurance is available for any business that requires a fleet of vehicles including private hire, haulage, transportation and courier services.

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