Cheap Fleet Insurance
Cheap Fleet Insurance — What Affects The Price
General information on what UK fleet underwriters take into account, and an introduction to specialist fleet insurance brokers.
- The fleet is rated as one risk
- Insurer appetite varies by trade
- Cover from 2 vehicles upwards
Tailored quotes from specialist UK fleet insurance brokers
- Introductions to specialist UK brokers
- One short form, around 3 minutes
- Free to use, no obligation
- FCA regulated (FRN 940006)
What affects the cost of fleet insurance?
UK fleet underwriters rate the whole fleet as one risk. Confirmed claims experience, the trade, driver ages and licence history, telematics, overnight security, cover level and excesses all feed into the premium, along with each insurer's appetite for that type of fleet.
- Fleet insurance is rated per fleet, not per vehicle
- Insurer appetite varies significantly by trade
- Claims experience covers the last 3 to 5 years
- Quotes and advice come from FCA-authorised brokers, not from us
How it works
1. Tell us about your fleet
Answer a few questions about your business, your vehicles and your drivers. It takes around three minutes.
2. We introduce you to a broker
Your enquiry is passed to an FCA-authorised fleet insurance broker whose insurers cover your trade and vehicle mix.
3. The broker quotes you
The broker discusses your requirements, provides the quotation and gives any advice. There is no obligation to take cover.
Get your fleet quotes
Answer a few quick questions and we'll pass your enquiry to fleet brokers who quote on your trade and vehicle mix.
- Takes about three minutes
- Free and no obligation
Fleet insurance is not sold at a fixed price. Underwriters look at the whole operation, so two fleets of the same size can be quoted very differently based on claims record, trade and driver profile.
The information below is general and is not advice or a recommendation. Any quotation, and any advice about what cover suits your business, comes from the FCA-authorised broker we introduce you to.
What fleet underwriters take into account
These are the factors UK fleet insurers most commonly rate against.
- Confirmed claims experience over the last three to five years
- The trade the business is in and what the vehicles carry
- Driver ages, licence history and the driving basis in place
- Telematics or camera systems fitted to the fleet
- Where vehicles are kept overnight and what security is in place
- The cover level and the excesses accepted
What tends to have less influence
Some commonly repeated ideas about fleet pricing carry far less weight in the underwriting than people expect.
- Changing a single vehicle model while the overall fleet profile stays the same
- The payment method, aside from any credit interest on instalments
- Security measures that are not declared on the proposal
- Reducing cover on financed vehicles, which finance agreements usually prohibit
Why fleet quotes vary between insurers
Fleet is a manually underwritten market. A small number of insurers write most UK fleet business, and each publishes its own appetite for particular trades, vehicle types and claims profiles.
That is why the same fleet can be quoted very differently depending on which insurers see it. We pass your enquiry to brokers whose panels cover the fleet market.
Why quote through Fleet-Quote.co.uk
One policy, one renewal
A fleet policy puts every vehicle on a single schedule with one renewal date instead of separate policies falling due through the year.
Every vehicle type
Cars, vans, pick-ups, lorries, taxis and minibuses can all sit on the same schedule with one renewal date.
Three minutes of your time
You answer once. We pass your enquiry on rather than making you repeat the same questions to several brokers.
FCA-regulated introductions
We are an introducer, not a broker or insurer. Enquiries are only ever passed to firms authorised and regulated by the Financial Conduct Authority.
Frequently asked questions
- What affects the cost of fleet insurance?
- Claims experience, trade, driver ages and licence history, mileage, vehicle types, overnight security, cover level and excesses are the factors UK fleet underwriters most commonly rate against.
- Is fleet insurance cheaper than individual policies?
- It depends on the fleet. Many businesses with three or more vehicles find one policy works out lower than separate ones because the fleet is rated on a single claims record, but only a quotation will show what applies to you.
- Does a claim always increase a fleet premium?
- Not automatically. Fleet insurers look at claims frequency and cost across the whole fleet over several years rather than reacting to a single claim in isolation.
- Does a higher excess reduce the premium?
- Insurers generally rate a higher voluntary excess more favourably, because it removes smaller claims. Whether it is appropriate for a particular business is something to discuss with the broker.
- Who provides the quote?
- We are an insurance introducer, not a broker or insurer. Quotes, cover terms and any advice come from the FCA-authorised broker your enquiry is passed to.
Ready to compare fleet insurance?
One short form, then an FCA-authorised fleet insurance broker takes it from there. No obligation.
- Takes about three minutes
- Free and no obligation