Fleet Vehicle Insurance: How Much Does It Cost?

Protect My Taxi Blog

Getting a Taxi Fleet Vehicle Insurance plan appropriate for you is crucial, whether you are in charge of a fleet of three or 3,000 vehicles. We know you have questions that need answers; we also offer cost-effective solutions for your taxi fleet insurance.  One of the most crucial factors to consider when searching for fleet insurance is how much your coverage will cost.

The quick answer to how much fleet insurance costs is that it depends on many different variables. Your price will depend on the specifics of your situation because insurance firms evaluate various factors when calculating your insurance premium.

In this piece, we’ll look at a few of the elements that may impact the price of your fleet insurance policy. We’ll also examine how Protect My Taxi’s usage-based insurance could cost less than conventional coverage. We’ll walk you through requesting a quote for fleet insurance.

What Factors Influence the Cost of My Fleet Vehicle Insurance Premium?

As a fleet owner, the element that is most likely to impact your overall premium is the number of cars in your fleet. Because your risk will increase as your fleet size increases, you should expect to spend more on insurance.

Beyond the number of cars, many other criteria, such as the sorts of commercial vehicles you have, the claims made in the history of your taxi fleet, and many others, will affect the cost of your insurance. Additionally, each driver in your fleet will have a unique risk profile, which could affect your overall premium.

Protect My Taxi provides usage-based coverage, unlike typical fleet insurance.

Unlike typical fleet insurance policies, our special fleet vehicle insurance coverage differs. When you choose a policy with Protect My Taxi, the number of years your vehicles have been on the road will also affect your overall premium. In this manner, the price of your insurance adjusts up and down depending on your fleet’s activity.

How May Usage-Based Insurance Assist Me in Saving Money?

You pay a minimal base charge for your coverage with Protect My Taxi’s usage-based fleet insurance guarantees. That your cars are continuously protected. You then pay a variable premium that might vary monthly based on how much your vehicles are used. Which we can determine based on the mileage of your cars or how many hours they spend on the roads.

What is Covered by Fleet Vehicle Insurance?

Suppose one of your vehicles is stolen or involved in an accident. We will provide fully comprehensive fleet insurance that will protect both the drivers and the vehicle.

It also covers the expense of harm done to other vehicles. When one of your vehicles is involved in an accident, and your motorist is at fault.

Fleet Insurance Quotes are more affordable on a third-party basis, but you’ll only be protected from damage to other cars. In addition, third-party fire and theft cover you if one of your motorcars is destroyed or stolen due to a fire.

You Might Also Incorporate the Following:

  • Protection for employer liability
  • Vehicle covering
  • General public responsibility
  • Extension for the courtesy car
  • Goods-in-transit insurance
  • Cover tools
  • Damage repair or breakdown insurance

How Many Motorcars Make Up a Fleet?

Two or 3 vehicles are considered a small fleet, while 3,000 are considered a large fleet. The maximum number of cars you can cover under a commercial taxi insurance policy differs between insurance companies.

The minimum and maximum quantities of vehicles are established independently by each Taxi Insurance provider. A specialized fleet Vehicle insurance policy may be required for fleets that are exceptionally tiny or huge.