what is fleet insurance

Fleet insurance is an auto insurance policy that covers all of a companys fleet of vehicles instead of having to insure each individual one. It is considered the best and most efficient option for insuring more than one vehicle under the same policy. Fleet insurance is especially convenient for businesses that operate a fleet because it reduces the number of policies to keep track of, creating less hassle for administrative staff. With fleet insurance, businesses can insure numerous vehicles in a tailored and efficient way while eliminating the need for individual policies. Fleet insurance covers any vehicles used to keep a business going, and the vehicles don’t all have to be the same. Fleet insurance provides coverage for all the cars in the fleet and is typically purchased by the company that owns the fleet. Fleet insurance policies offer many of the same protections as standard auto coverage, including comprehensive coverage, collision coverage, and liability coverage. Fleet insurance costs can vary widely, and insurance companies take many factors into account when determining fleet policy insurance rates, including the condition and value of the vehicles, the specifics of the policy, and the intended use of the fleet. Fleet insurance providers offer discounts for businesses that observe best practices for maintaining the safety of vehicles and their drivers, such as installing GPS tracking, fleet dash cams, and collision mitigation systems.