Motor Trade Fleet Insurance

For you to adequately compare different policies, you should account for;

• The size of the fleet.
• The purpose of the vehicles in the fleet.
• How often the vehicles are used.

You need to properly address these questions as they will be core factors that will determine the cost of your motor fleet insurance. On a wider scale, you should also consider these points in order to have a very competitive quote comparison.

• Driver’s age requirement.
• Additional cover to be purchased.
• The flexibility of policy.

We know that businesses with a large fleet of vehicles might find it burdensome to offset the cost of insurance, hence, our goal is to help you compare quotes and get the best fleet insurance for your vehicles.

• You could insurance your fleet for over 25’s only.
• Keep claims low as this would drastically reduce your vehicle insurance premium cost.
• Employ risk assessment and risk management practices.
• Be selective with the employees in your business. Ensure you work with people who are well experienced and will help you save money in the long run.

MyMoneyComparison provides you with an accurate comparison of quotes for vehicle fleet insurance. We eliminate stress and traditional long process and all you need to do is to take 3 minutes to fill the form and get a quick QUOTE

The key to reducing the cost of fleet insurance premiums is to keep risk to a minimum. This means the insurer needs to see that all drivers are responsible, have a UK license, and the right credentials to drive the fleet vehicles. Drivers should be over the age of 25 because insurers see them as more careful than younger people. They should also have clean driving records.

If you do have a younger driver (under 25), then it is possible to limit their mileage, allow them to drive only during the day, or accompanied. These are ways to lower insurance rates for young drivers.

Fleet Insurance can support any drivers aged over 21, 25, 30 and this could be an effective way to allow different drivers to drive different vehicles.

• Any driver over 21 Years of age
• Any driver over 25 years of age
• Any driver over 30 years of age

Sending drivers to training courses will also help insurance providers to view your drivers as more responsible and having the knowledge to drive safely, even in bad weather.

Insurers also like to see that vehicles are properly maintained. This means drivers should conduct daily checks of their vehicles, which includes checking tire pressure, oil levels, and brake pads. All this information should be kept in a service record logbook.

It is also possible to make drivers responsible for paying their own excess. This is a way to ensure they are safe drivers.

Improving the security of vehicles is another way to save money. This may include keeping all fleet vehicles in a safe parking lot that is managed with CCTV, dashboard cameras, locked garages, immobilizers in the vehicle, and more. These may seem like expensive things to add to the fleet, but the cost is worth it to help insurers see that you have lowered the risk to vehicles. This means you pose a lower risk, and your premiums will be lower.

Fleet insurance saves you money by ensuring all company vehicles under one policy. Plus, you do not have to worry about individual renewal dates for each vehicle.

Each insurance provider will have its own specifics when it comes to the number of vehicles that can be covered under this type of policy. However, generally speaking, many providers allow as many as 500 vehicles to be covered by their fleet insurance. And there are policies available for companies that have even more vehicles.

RHA – Road haulage Association – The only UK Trade Association Dedicated Solely to the Needs of UK Road Transport Operators.

FORS – The Fleet Operator Recognition Scheme (FORS) is a voluntary accreditation scheme for fleet operators which aims to raise the level of quality within fleet operations, and to demonstrate which operators are achieving exemplary levels of best practice in safety, efficiency, and environmental protection.

FTA –  FTA is one of the biggest business groups in the UK, supporting, shaping and standing up for efficient logistics. We are the only organisation in the UK that represents all of logistics