What You Should Know About Fleet Vehicle Insurance
May 12, 2022
Generally speaking, any vehicle used by a company to transport goods or people is considered to be a commercial vehicle. With rare exceptions, it is illegal to operate any commercial vehicle on Florida roadways without valid insurance coverage. Whether your vehicles are classified as fleet vehicles or non-fleet vehicles generally depends upon the number owned and operated by the business.
A non-fleet vehicle that is not part of the group can still be owned by the company but more often is owned by an individual or partner. When there are only a few vehicles owned by the company, it may be preferable to self-insure each vehicle individually rather than opt for a fleet policy. However, the independent agents at Affordable Auto Insurance of Jax can explain what you should know about fleet vehicle insurance.
Advantages of Fleet Vehicle Insurance
Fleet vehicles insurance extends to all classes of vehicles owned and operated by an organization, company, agency or public utility, which includes cars, trucks, delivery vans, taxis, service vehicles, minibuses, and more. A major advantage in selecting fleet vehicle insurance is that all of the company’s assets are protected under one policy. This means there is only one renewal date, and you can insure all drivers on every vehicle, so employees don’t have to stand around waiting for a certain vehicle to be available. Moreover, you can add all types of vehicles as your business grows and the company can choose to cover specific individuals to a given vehicle whenever necessary. This can save money on younger drivers or convicted drivers. Since it is important to match the right policy to your business, contact us today for a free quote on fleet vehicle insurance.
How are Fleet Vehicle Insurance Rates Determined?
Working directly with an independent agent can keep your premiums low while ensuring you have the right coverage to protect the company’s assets. Plus, encouraging good driving habits and establishing a routine for maintaining safe vehicles can also help to keep fleet vehicle insurance rates low. Since there are several factors that can impact your rates, listed below are factors related to what you should know about fleet vehicle insurance to save money, such as:
- Number of vehicles in the fleet
- Type of fleet vehicles in use
- Experience of company drivers
- Alarm systems and safety features
- Vehicle storage when not in use
For managing a smaller fleet, starting out with a non-fleet commercial auto policy might be preferable. However, if you transport clients or perform other business activities using your own vehicle, you should speak with an agent to learn more about our commercial insurance coverage that can reduce your liability risks. At Affordable Auto Insurance of Jax, we are experienced in providing insurance to businesses in a wide variety of industry sectors. Our commercial auto customers rely on us to package their fleet needs and deliver the best savings to help manage their bottom line.
With fully comprehensive fleet vehicle insurance, you can cover all of your vehicles and drivers should a vehicle be involved in an accident or is stolen. Policies can also cover the costs of damage to other vehicles or property if an accident was your driver’s fault. Use our Get an Instant Quote option or call 904-731-7708 to speak directly with a fleet insurance specialist.