Cheap Company Car Fleet Insurance
Company car fleet insurance
Whether you run a small business or a much larger enterprise, if you provide your staff with company cars there’s a good chance insuring all of those vehicles under a single company car fleet insurance policy will save you both time and money.
However, in order to ensure your cover is as cost effective as possible it’s vital that you compare quotes from a wide range of providers…and that’s where we come in.
Quotezone.co.uk’s fleet insurance comparison service can help businesses large and small find a more competitive insurance quote for their fleet of company cars by comparing prices from a wider range of insurance providers.
Do I have to take out fleet insurance for company cars?
No, you could opt to insure each company car individually, and if you only have two or three vehicles in your fleet this might be an option worth considering because it affords you a certain amount of flexibility.
The more vehicles in your corporate fleet, though, the more time and money you could potentially save by taking out a company car fleet insurance policy instead of opting for individual cover for each vehicle.
How many vehicles can I cover with company car fleet insurance?
Insurers set their own rules about what counts as a fleet. With some insurers you’ll qualify for a fleet policy even if you only have two vehicles, while others might insist that you have a minimum of three or four cars.
Maximums also vary depending on the type of policy you have. For instance, small fleet policies usually have conditions that limit you to a set number of cars, such as 10 or 15.
On the other hand, many other fleet insurance policies will let you cover hundreds or even thousands of vehicles under a single policy.
What types of vehicles can I insure on fleet insurance?
In most cases fleet insurance lets you cover different vehicle types under a single policy.
So if your corporate fleet includes a combination of cars, vans and minibuses, for instance, you should be able to put them all on a single policy.
Will company car insurance save my business money?
Fleet insurance for company cars can save your business money because insurers will often give you a discount for each additional car you put on your policy. That said, if you’ve only got a mini fleet it’s worth comparing quotes for each car separately just to be sure.
It’s not just money you could save, though, but time and hassle too. Having a fleet policy means you only have one insurer to deal with, one renewal date to remember and one premium to pay.
What levels of cover are there?
There are three levels of cover to choose from when you’re insuring a fleet of company cars:
- Third party only (TPO) – pays for damage done to other people, their property and their vehicles. It won’t pay to fix damages to your company car or property. This is the minimum amount of cover you must have in the UK by law.
- Third party, fire and theft (TPFT) – includes TPO and will also cover any damage to your vehicles caused by fire or theft.
- Comprehensive – you get everything TPFT gives you and will also be covered for any damage done to your vehicles and your property even if an accident is your fault. This is usually the most expensive type of cover you can buy.
You can also add other types of insurance to your policy for even greater protection. Popular extras include:
- Breakdown cover for roadside help.
- Employers’ liability – you’ll need this by law if you have any staff. This covers costs if an employee becomes ill or is injured because of work.
- Public liability – covers legal fees and costs if a member of the public blames your business for damage or injury and takes you to court.
- Goods in transit (GIT) – covers goods you carry in your vehicles.
I run a car hire business, what fleet insurance do I need?
If you’ve got a fleet of hire cars and rent them out to the public, you’ll need specialist type of fleet insurance known as ‘self-drive hire insurance’.
Unlike regular company car fleet insurance, which covers your vehicles when they’re being driven by your own staff, self-drive hire insurance covers cars while they’re being driven by customers. However, if you do need this type of cover it’s a good idea to check that your policy also includes ‘off-hire’ cover, which will mean you and your employees can drive the cars when they aren’t being used by customers.