If you are new to car fleet insurance there are important elements that as a beginner it helps to know. You can avail of car fleet insurance depending on the company with three cars or over. There are three levels of cover you can choose from: comprehensive, third party only or third party and theft. Alternatively you will find some good companies who will offer combined car fleet insurance which may suit your circumstances.
What exactly is a car fleet insurance policy? It is a normal motor fleet insurance however the big difference is that there are no other vehicle types mixed in such as trucks, taxis or vans. There are a huge number of companies who have purely car fleets and therefore car fleet insurance policies.
Apart from the choice of cover, within your policy you should also be offered certain extensions to your motor fleet insurance policy which can include: breakdown cover, windscreen cover, courtesy cars and legal expenses insurances. As you get to know more about this type of insurance you will see that there are certain similarities with a private car insurance that when applied in the grander scheme of a fleet become more important.
One of these is the age brackets that the drivers fall into. This is one thing when managing your personal finances but when you have a fair number of company drivers it has bigger implications financially. Therefore as you hire drivers and evaluate your insurance options remember that you will want to really think about who will drive your vehicles as more drivers who are in the higher age bracket the larger the discount you will receive from your fleet insurance company. In other words its money in your pocket. These are some of the common categories for age restrictions.
- Any Licensed Driver Over 30
- Any Licensed Driver Over 25
- Any Licensed Driver Over 21
You will also need to declare the use of the vehicles as well as the age of the drivers.
- Haulage
- Carriage of Own Goods
- Carriage of hazardous Goods
- Airport Side Use Extension
- Private and / or Public Hire
- Social Domestic & Pleasure use only (SD&P)
- SD& P and Business Use
The use must be declared honestly as like any insurance it could become null and void in the instance of a claim if there was some detail brushed under the carpet.
If you have cars that are high end or sporty cars, it is well worth your while declaring to your insurance company that you will voluntarily restrict the driving age for these cars. Do not be rushed into anything by any insurance broker, especially if this is a new situation for you or even when you are re-evaluating the insurance costs and policy.
A car fleet insurance policy can cater for all sorts of cars and in the same way as you would treat a respected customer, there are good insurance companies out there that can guide you in the right direction for finding the policy which is most suited to your fleet’s individual needs.
