ProtectMyTaxi

Benefits of fleet insurance Birmingham

There are a lot of benefits of insuring your vehicles in fleet policy rather than insuring your vehicle separately.

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1. Less Management

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If you insure your vehicle separately, it means you have to remember your policy start and end date which can be frustrating. If you add more vehicles to your fleet business during the year, it will be more difficult to keep the track of each and every vehicle. But do remember that, you have to go through the process of completing each separate insurance application.

If you miss a renewal and one of your company vehicles has gone through an accident and you don’t have any insurance, it can be very pricey.

But if you have a fleet insurance policy under your belt, your whole vehicle will be covered under one policy, which means you don’t have to keep the track of each and every vehicle.

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2. Flexible contracts

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If you add more vehicles to your fleet while your company is growing, if you don’t have fleet insurance, you will have to pay more for organizing individual insurance policies. But, if you have a fleet insurance policy in place, you don’t have to worry as it will keep the record of all your vehicles from the start date to the end date.

And when it is time to add more vehicles to the fleet, you can easily do that.
 

3. Savings on costs

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Another advantage of fleet insurance is the significant savings you can make through insurance premium discounts by adding more than one vehicle on a single policy.

But, if you insure each vehicle separately, the insurance broker will not be in a good position to arrange a discount because you have a single-vehicle policy in place.

But if you add more vehicles to it, the insurance broker will be in a good position to arrange a reduced rate.

And keep in mind, the more vehicles you add to the fleet, the savings will be bigger.

 

4. Greater flexibility on drivers

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        If you insure a single vehicle, then you have to select a separate driver, named 

         driver, or any driver over a particular age, this will affect the cost of your policy.

         It can be really frustrating and a liability to your business because it hardly

         Bounds the way you can use your vehicle and who can drive them.

         But if you use fleet policy, it will provide you with greater flexibility over who can drive  

         which vehicle.

 

         If the driver is not fit, you can give your vehicle to another driver who can drive. This is 

         Particularly good for companies that don’t give vehicles to individual drivers and give

         driving jobs during the day.

 

5. Try to get the same level of cover as standard vehicle insurance

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While offering you greater flexibility around the cost, administration, and driver assignments of your company’s vehicle, fleet insurance will still offer you the same level of cover as you will get from standard vehicle insurance.

It will depend on the type of cover you need, it may be third-party only, third-party fire and theft, and fully comprehensive.