Compare fleet insurance policies with individual vehicle coverage to determine the best option for your business
When insuring multiple business vehicles, you have two main options: individual policies for each vehicle or a single fleet policy covering all vehicles. The right choice depends on your business size, vehicle types, and operational needs.
| Aspect | Fleet Policy | Individual Policies |
|---|---|---|
| Minimum Vehicles | Usually 3-5 vehicles | Any number |
| Cost | Often cheaper per vehicle | Higher per vehicle cost |
| Administration | Single policy to manage | Multiple policies to track |
| Flexibility | Less flexible coverage | Customized per vehicle |
| Claims Impact | Claims affect entire fleet | Claims affect individual policy |
Fleet policies typically offer better value when you have multiple vehicles
Works best when vehicles have similar risk profiles and usage patterns
Single renewal date, one point of contact, streamlined claims process
Different coverage needs for cars, trucks, specialized equipment
Some vehicles used occasionally, others daily
High-risk vehicles separated from low-risk ones
$1,200 × 5 vehicles = $6,000/year
Bulk discount applied = $4,800/year