What Is Fleet Insurance?


Fleet insurance is a single commercial automobile policy that insures multiple vehicles for a company or business. The benefit of a fleet policy is that the policy holder can have the same coverage for all their vehicles or customize coverage based on its needs. Vehicles do not need to be the same type to be considered a fleet for the purposes of commercial automobile insurance.


  • When obtaining a commercial automobile insurance policy for a fleet of vehicles, each company driver must have a proper license. This includes a standard driver's license and a commercial driver's license or CDL. Many insurance companies do not run a motor vehicle report for each driver because of the cost. Instead, the insurance application will ask you to list the license number as well as any traffic violations for all drivers included on the policy. This information is then used by the insurer to underwrite the policy.


  • The coverage for fleet vehicles varies depending on your particular business needs. However, the insurance company may require each vehicle to have a minimum amount of coverage or certain coverage types, such as collision and comprehensive.


  • Insurers offer many discounts for automobile insurance policies, including fleet insurance. The most common discount on a fleet policy is a multi-car discount, but ask what additional discounts or credits may be available. Insurance companies may apply credit for drivers who have taken a safety or driver's training course. Defensive driving courses may also count toward credit on fleet insurance.

Vehicle Alarms

  • Automobile insurers usually provide a better insurance rate for vehicles with anti-theft devices. You can install alarms, such as immobilizers (devices that prevent a vehicle from being stolen when not in use) on the vehicles for your company.

Vehicle Use and Size

  • Insurance companies will use multiple factors to determine the premium for a fleet policy. Factors include the vehicles' use and size. Vehicle use can include activities such as hauling dirt or garbage or making deliveries. Insurers calculate a vehicle's size using its gross weight.

Related Searches


Promoted By Zergnet


You May Also Like

  • What Is Fleet Pricing on New Cars?

    Corporations, car rental agencies or utility companies that want to buy a fleet of cars or trucks negotiate with dealers that will...

  • What Are Fleet Cars?

    Each day on roads and highways we see many cars that have the graphics and names of corporations on them. When a...

  • Definition of Fleet Insurance

    Rather than insure all of your business vehicles individually, you can use fleet insurance to cover them all at the same time....

  • What Is a Fleet Card?

    A fleet card is similar to a credit card. Fleet cards are used by companies, typically shipping and transportation outfits. These cards...

  • What Is Fleet Maintenance?

    Every business that has a number of vehicles it owns and uses for its activities has a vehicle fleet. The job of...

  • What Is Comprehensive Car Insurance?

    Comprehensive car insurance is not required in most states. Some lenders, however, require car owners to carry comprehensive coverage until the car...

  • What Is Commercial Auto Insurance?

    Commercial auto insurance refers to insurance policies that are targeted at commercial vehicle fleets. These fleets may include trucks used for construction...

  • Fleet Safety Training

    Fleet safety training keeps a company’s fleet on the road doing its job and making the company money. Depending on its needs,...

  • How to Get Insurance for a Car Rental Business

    If you intend to start a rental car business you need to find an insurance provider. Rental car businesses need small business...

  • What Is Commercial Lines Insurance?

    Commercial lines insurance is a subset of property and casualty insurance. Where life, health, disability and long-term care insurance insure people, and...

  • Commercial Vehicle Insurance Requirements

    Commercial vehicle insurance protects cars and trucks used for business against risks that are generally excluded from personal auto insurance policies. Commercial...

  • Commercial Insurance Auto Classifications

    Automobiles are categorized into classifications for insurance purposes, and one of the primary classifications is commercial auto. Within commercial auto insurance, vehicles...

Related Searches

Check It Out

4 Credit Myths That Are Absolutely False

Is DIY in your DNA? Become part of our maker community.
Submit Your Work!