0330 043 0003

Our Opening Times

Commercial Motor Insurance & What Does It Cover?

Fleet insurance can be taken out if you have 2 or more vehicles. It can make managing and keeping track of your fleet much easier as they are all combined on to one policy with one renewal date. A fleet could consist of company cars, vans, motorbikes, taxis, HGVs, LGVs or a mixture of them all.

One of the main advantages of some types of Fleet insurance is the fact that you could potentially have anyone who holds a valid UK licence within your company, and who meets the relevant insurance criteria (based on age, driving history, convictions etc) just jump in and drive without the hassle of having to ring through to the insurer to check details and add them on to the policy. Commercial Motor policies come in three levels of cover; Third Party Only, Third Party, Fire & Theft or Comprehensive.

Commercial Motor Insurance Explained

Comprehensive cover will give you the most protection on your vehicles, covering any damage caused to your own or third party vehicles or property as a result of an accident, whether it be fault or non-fault. It is also the most expensive of the three due to the increased level of protection. The middle level of cover is Third Party, Fire & Theft which covers all third party vehicles or property against any damage, whilst covering your own vehicles against damage from theft or fire only.

The most basic level of cover is Third Party Only, which offers no protection for your own vehicles, but will cover claims made against you for damages by any third parties. There are also different driving restrictions you can choose when setting up a policy; you could set your policy to Any Driver, meaning that anyone with a valid UK driving licence can drive any of your vehicles stated on the policy; or you can specify Named Drivers for each vehicle instead, which will be the cheaper of the two options.

 

We Know Motor Fleet Insurance

As well as the three cover levels you can also select the driving restrictions applied to them. You could have a Named Driver policy which will allow specific drivers named on the policy documents to drive specific vehicles. This is perfect if your drivers will only ever need to drive specific vehicles.

Alternatively if you have a large number of drivers that may need to drive all of your vehicles, then you could benefit from an Any Driver policy, though this is usually more expensive as any driver within your business who holds a valid licence to drive the vehicle can do so.

You may wish to consider setting an age limit so younger and less experienced drivers cannot be included. Similarly you may wish to avoid drivers with convictions. This type of policy is ideal for a busy company with multiple vehicles and many drivers such as a taxi firm, hauliers or a delivery company.
Here are a few points to recap on the benefits of getting Fleet Insurance:

      • Cover all your vehicles under a single, easy-to-manage policy
      • Fleet Cover for different types of vehicles including cars, vans, HGVs, minibuses
      • Any driver cover available
      • No excesses
      • Instant cover available
      • Swift response to claims

 

Get Your Extensive Yet Affordable Cover Today

– Quotes Take Less Than 2 minutes –

START QUOTE

Saving Money On Fleet Insurance Covers?

There are a number of ways in which you could reduce the cost of your Fleet insurance, one of these is to limit the age of the people able to drive it. Taking young drivers out of the equation for example and setting a minimum age of 23 would help drive down the price. You could also increase the voluntary excess on your policy and ensure that all vehicles have a good level of security.

When taking out fleet insurance there are some reliable ways to save money. These include –

  • Be picky with your drivers – When you employ multiple drivers it’s important to be selective and employ those with the most experience and cleanest driving history since this will help you save money and make it less likely that you’ll need to make a claim. This is especially important if you’re looking for truck fleet insurance since driving these vehicles requires a lot of training and experience.
  • Secure your vehicles – You should make your vehicles as secure as possible by fitting alarms and central locking wherever possible. This will certainly help to reduce the cost of your policy.
  • Shop around – This is one of the very best ways to save money on fleet insurance. By getting multiple quotes you can compare them and decide which offers you the best value for money.

Commercial Motor Insurance Explained

If you use a taxi, minibus, HGV, truck, lorry, van or even fleet of vehicles for your business, then you will need commercial motor insurance, which is the collective name for all of these individual types of insurance cover involving vehicles used for commercial purposes.
When taking out your policy you can choose from three levels of cover. Third Party Only will cover any third party damage or injury claims made against your business in the event of an accident. It is worth noting that your vehicles will not be covered at all and all own vehicle repairs would have to be made at your expense, but this type of cover is the cheapest of the three. Third Party, Fire and Theft covers the same as Third Party Only but with added protection for your own vehicles for damage caused by fire or if they are stolen. Comprehensive on the other hand is the most expensive level of cover, however it will protect your own vehicles against any damage suffered during an incident.

Start Quote

Get your extensive yet affordable cover
– Quotes Take Less Than 2 minutes –

As well as the three cover levels you can also select the driving restrictions applied to them. You could have a Named Driver policy which will allow specific drivers named on the policy documents to drive specific vehicles. This is perfect if your drivers will only ever
need to drive specific vehicles.

Alternatively if you have a large number of drivers that may need to drive all of your vehicles, then you could benefit from an Any Driver policy, though this is usually more expensive as any driver within your business who holds a valid licence to drive the vehicle can do so.
You may wish to consider setting an age limit so younger and less experienced drivers cannot be included. Similarly you may wish to avoid drivers with convictions. This type of policy is ideal for a busy company with multiple vehicles and many drivers such as a taxi firm, hauliers or a delivery company.

Here are a few points to recap on the types of cover available under Commercial Motor insurance:

  • Fleet Insurance
  • Commercial Minibus Insurance
  • Taxi Insurance
  • Truck insurance
  • Haulage insurance
  • Comprehensive Cover
  • Third Party, Fire & Theft
  • Third Party Only
  • Named Driver Policies
  • Any Driver Policies

Our Experience & Relationships

We have over 50 years collective experience and relationships with underwriting specialists which have the capacity and understanding of the industry to write and place any takeaway risk.

Moneycornershop.com is a proud member of the Purple Partnership – Who have been voted the Best Broker Network in the UK – 3 times in the last 4 years, Which means many insurers provide exclusive deals for us, with competitive pricing and enhanced policy cover.

When this is combined with the great service our team provides, you can see why people choose to let us arrange their insurance.

Want To Get A Quote?

Want to find out more, speak to an expert or get a Motor Fleet insurance quote?

Call our specialist team on 0330 043 0003
or
click ‘Start Quote’ to find out how much you could save.

 

 

Get The Absolute Best Value Out Of Your Insurance Policy

Improve Your Fleet Policy

QUOTE NOW