Enjoy Hassle Free Fleet Auto Insurance
Whether you use a few or a few hundred vehicles to provide mobility for your employees, equipment, products, or services, it’s important to have the right fleet or commercial fleet auto insurance to protect your business. At VANTREO, our insurance concierge team offers a unique set of skills, expertise, and knowledge to ensure you acquire the correct coverage for all your vehicles.
When is Fleet Auto Insurance Necessary?
Unsure if your business needs fleet auto insurance? Take a look at the scenarios below, if any of them are true for your business, you likely would benefit from a fleet auto insurance policy:
- Your business picks up passengers or delivers goods
- Your business owns or leases more than one vehicle or a fleet
- Employees drive company-owned vehicles
- Employees use their personal vehicles for business
If you have a smaller business, you may be wondering how many vehicles constitute a fleet. The answer to this question can vary according to different insurance providers. While some may require a company to have more than five vehicles to purchase fleet insurance, some will allow this insurance for businesses with as few as two cars.
In many cases, however, fleet insurance is most cost-effective when you have at least three vehicles on the policy. For example, taxi services, car rental companies, delivery services and construction companies are just a few industries that may maintain a fleet of vehicles. A commercial fleet auto insurance policy can be more affordable than insuring the vehicles individually.
What Does Fleet Insurance Cover?
Fleet auto insurance will provide liability insurance coverage for all of your company’s vehicles in one policy. Often, these policies provide provisions to allow employees of your company to drive any vehicle in your fleet and be covered if they cause an accident.
At a minimum, this commercial vehicle insurance will provide enough collision and liability coverage to meet your state’s insurance requirements for commercial vehicles. You can then add on other options such as increased liability limits, roadside assistance, uninsured motorists coverage and comprehensive coverage (known as "other than collision") to protect against theft, vandalism and other vehicular damage.
Is Fleet Insurance Expensive?
The price range for fleet insurance policies varies greatly according to a number of factors. Naturally, the more vehicles you have on your policy, the more you stand to benefit from rate discounts. Losses are a big factor in pricing. There are also some additional factors that can influence cost, and a VANTREO fleet auto insurance specialist will be glad to walk you through all the various coverages and options.
Ready to get started on your Fleet Auto Insurance?
We’re here to help you select the right fleet auto insurance solutions for your business.
Whether it’s a business, fleet, personal, or group policy, we’ll bring our experience and unique position as your local auto insurance broker to find the perfect coverage for you.