Commercial Fleet Insurance

Commercial fleet insurance typically offers discounts for companies and organizations who have a quantity of vehicles to insure.

Getting commercial fleet insurance quotes

many insurance companies offer cheap commercial fleet insurance. These companies often advertise in industry trade publications and on the Internet. Contacting the commercial fleet insurance company is the quickest way to find out their specific application requirements. Some companies specialize in larger fleets of 40 vehicles or more, and other specialize in smaller fleets. Typically those companies that offer a commercial fleet insurance policy will offer a lower rate depending on the number of vehicles to be insured.

When obtaining commercial fleet insurance quotes, the company may also ask for driving safety information. For example, a company that conducts regular driver safety meetings may qualify for a lower commercial fleet insurance rate than a company that does not address safety effectively. Also the insurance company may ask to see reports of the number of accidents per million miles driven over the past several years.

The insurance company may also require specific information about the vehicles in the fleet. For example, a company seeking to get commercial fleet insurance for 50 new Peterbilt tractors with the latest safety features may qualify for a lower rate than a company using Mack trucks from the 1960s. Also the insurance company may be interested in fleet maintenance records to verify that the vehicles are being maintained in good condition by experienced mechanics.

Some insurance companies may also offer temporary commercial fleet insurance. This type of insurance may be needed by companies under specific circumstances, such as if they are undergoing bankruptcy or other legal proceedings.

If the commercial fleet insurance is for vehicles hauling flammable or hazardous materials, the insurance company offering the quote may wish to see documentation of adequate driver training and licensing. Some insurers offering commercial fleet insurance may provide additional discounts if the business also obtained other types of business insurance as well.

Even a small sales company with a fleet of Ford Taurus cars for the salespeople may qualify for cheap commercial fleet insurance if the drivers have a good driving record and the company conducts regular safety meetings. These are points to bring up with the insurance company when seeking commercial fleet insurance quotes so as to qualify for the lowest possible rate. Some insurers offer discounts for carrying multiple insurance products from the same insurer. For example, purchasing both commercial fleet insurance and business contents insurance from the same company may result in a lower premium for both policies while providing enhanced coverage and protection from risk.

Commercial fleet insurance conclusion

for companies with multiple vehicles, commercial fleet insurance can be a good way to save money while protecting the company from unnecessary risk.