Fleet insurance is an ideal solution for businesses that have two or more vehicles to add to a policy. This type of policy enables the business owner to manage their policy with ease, add and remove vehicles as and when needed and enjoy an affordable premium solution.
In order to get the cheapest fleet insurance, a business owner will have to do some online searching. By choosing at least three companies, you should request quotes based on your specific requirements. Three is a good number when it comes to comparing the quotes to find the best possible deal.
With the quotes in hand, you can review each one to ensure it meets your requirements and then compare them against each other to find the one that meets your business needs. In some cases, you may have to make some adjustments before making a decision as some companies will automatically offer you the most basic cover, which isn’t enough for a business on a daily basis.
In order to achieve the best possible price, you need to know what level of cover you need. Comprehensive is the best cover and while slightly more expensive, this cover will protect your vehicles, your drivers and any third party vehicles and property. It also covers against fire and theft. This means that in the long run you are saving money.
If you are to choose one of the third party covers, you’ll find your own vehicles are not covered, this can result in you having to pay out a lot of money should your vehicles be involved in an accident. These covers only protect the third party vehicle or property and if you choose cover that includes fire and theft, it brings a little more security to the table.
When searching for the cheapest fleet insurance, ensure you are aware of what is not included in the policy you are offered. This is essential; often you can include additional cover which can help you to save money even further in the event of an accident. One of the covers you may include is a courtesy vehicle or roadside assistance.
Always pay careful attention to the drivers you are including in your policy. In order to achieve the cheapest fleet insurance, you will need to choose drivers that have clean driving licenses, no convictions against their name and preferably be over twenty five.
Drivers that are young, have convictions and points deducted from their licenses are seen as a high risk to insurers, which is why in order to keep your costs to a minimum, you have to be very selective on who you choose to drive your vehicles.
It’s essential you take the time to find out about the company’s claims procedure. While you may be looking for the cheapest fleet insurance, you want an easy and effective claims procedure that enables you to repair or replace your vehicles in the shortest space of time. A company that doesn’t understand your business or urgency of your claim after an accident is putting your business in jeopardy. In order to operate effectively, you need your vehicles on the road.
When choosing the cheapest fleet insurance, determine how many vehicles you need in order to quality for this particular type of cover. Some companies require you have three to five or more vehicles, while others will offer the convenience of this policy if you have two or more vehicles.
Find out if your no claims bonus will have any impact on the overall premium payable. Most insurers will take a no claims bonus into consideration when putting a quote together, helping you achieve the best possible premium amount.