Monthly Archives: August 2017

A Guide to Family Fleet Insurance

If your family has 3 or more cars then you might not be aware that you could save money by getting a family fleet insurance policy.

If you do decide to get a fleet insurance policy for your family cars then below is some great information on how to choose the right policy as well as the factors that determine cost.

Getting the right policy

Below are some of the main cover options you can choose from with a family fleet insurance policy –

  • Third party – Third party is the cheapest type of cover you can get but also provides the least protection. It will make all the vehicles on the policy road legal but it will only provide cover for other road users’ if you or one of your family is to blame for a collision.
  • Third party, fire and theft – This is a good option if you want to keep costs down but add more protection for your vehicles.
  • Comprehensive – A comprehensive policy will provide the most protection for the vehicles on the policy, since they’ll be covered even for accidents where you’re liable.
  • Breakdown assistance – Breakdown assistance can be added to a family fleet insurance policy and is certainly worth getting if you don’t already have cover.

Factors that determine cost

  • Number of vehicles – The number of vehicles on the policy is certainly something that will affect the cost. A typical family fleet insurance policy will usually include around 3-5 vehicles, although the number of vehicles isn’t the only thing that determines cost.
  • Value of vehicles – The value of the vehicles on the policy is another key thing that will affect its price. The value of the vehicles might vary a lot so this will be taken into account.
  • Named drivers – The named drivers on the policy will also affect the cost. Younger drivers are always more expensive to insure so if you have any teenagers on the policy then this will certainly bump the price up.
  • Where the vehicles are parked – Where the vehicles are parked is very important when it comes to price. The best scenario is to have a locked garage for them but failing that a driveway is better than the vehicles being parked on the street.