Fleet Commercial Motor — NZ Multi-Vehicle Cover Compared

5+ vehicles on a single schedule, rated on experience modification rather than per-vehicle NCB.

Fleet commercial-motor takes effect at 5+ vehicles under most NZ insurers. The pricing model shifts from per-vehicle no-claims bonus to experience modification — your actual claims experience drives renewal. Aggregate excess (cap on total excess across one event) and any-driver vs named-driver schedules drive the largest premium swing.

FCIB panel for this risk class

For this risk class, FCIB typically places business through: NZI , QBE Insurance NZ , Zurich New Zealand , AIG New Zealand .

What matters in the wording

Relevant fact keys for this risk class:

  • excess_options_nzd — Excess options (NZD)
  • no_claims_bonus_schedule — No-claims bonus
  • driver_schedule — Driver schedule
  • vehicle_types_covered — Vehicle types covered
  • claims_basis — Claims basis

Watch out for

  • Aggregate excess vs per-vehicle excess — under NZI's wording multiple insured vehicles in one event share the single highest excess; other insurers stack them.
  • Any-driver cover with no age restriction usually loads premium 10-25% vs a named-driver schedule.
  • Experience modification replaces NCB schedules — losses on the schedule directly drive next-renewal price.

Side-by-side wording extract

NZI

NZI Steadfast Commercial Motor Vehicle

Excess options (NZD)

  • theft: Where the cause of loss is theft or unlawful conversion or fire (fire not resulting from impact) to the insured vehicle, no excess will apply to the Section 1 claim unless stated in the schedule or payable under any 'Section 1: Automatic Policy Extension' or 'Section 1: Optional Policy Extension'.
  • at_fault: not specified — not mentioned in wording
  • standard: shown in the schedule
  • unnamed_driver: not specified — not mentioned in wording
  • fleet_aggregate: If more than one insured vehicle suffers loss from a single event, only one excess shown in the schedule will apply, being the highest excess, together with any excess payable under any extension in 'Section 1: Automatic Policy Extensions' or 'Section 1: Optional Policy Extensions'.
  • under_25_driver: not specified — not mentioned in wording
  • inexperienced_driver: not specified — not mentioned in wording

No-claims bonus

Not on file.

Driver schedule

  • any_driver_cover: yes — 'There is only cover under this policy when any vehicle insured under this policy is being used by any driver with your consent'
  • driver_age_limits: not specified — no minimum age stated in wording; learner drivers permitted provided 'all requirements of the law are being complied with' (per Unlicensed Drivers exclusion exception)
  • named_drivers_required: no — any driver with insured's consent is covered

Vehicle types covered

Not on file.

Claims basis

occurrence — cover applies for accidental loss 'occurring anywhere in New Zealand ... during the period of insurance'

QBE Insurance NZ

QBE Steadfast Commercial Motor Vehicle

Excess options (NZD)

  • theft: Where the cause of loss is theft or fire (fire not resulting from impact) to the insured vehicle, no excess will apply to the Section 1 claim unless stated in the schedule or payable under any Section 1: Automatic Policy Extension or Section 1: Optional Policy Extension.
  • standard: The excess shown in the schedule — specific amounts not stated in wording, set per schedule
  • fleet_aggregate: If more than one insured vehicle suffers loss from a single event, only one excess shown in the schedule will apply, being the highest excess, together with any excess payable under any extension in Section 1: Automatic Policy Extensions or Section 1: Optional Policy Extensions.

No-claims bonus

Not on file.

Driver schedule

  • any_driver_cover: yes — 'There is only cover under this policy when any vehicle insured under this policy is being used by any driver with your consent'
  • driver_age_limits: Not specified in the wording; no minimum age or learner-licence rules stated beyond the general unlicensed driver exclusion and the exception: 'the vehicle is being used for the purpose of teaching a learner to drive, if all requirements of the law are being complied with'
  • named_drivers_required: no — cover applies to any driver with the insured's consent

Vehicle types covered

  • cars
  • station wagons
  • utilities
  • vans
  • four-wheel drives
  • trucks
  • mechanical plant
  • vehicles with hoists or hydraulic rams
  • vehicles with mulching, chipping or agricultural implements
  • drilling rigs
  • vehicles transporting goods for reward
  • vehicles transporting fare-paying passengers
  • vehicles used for airside operations
  • unspecified trailers

Claims basis

occurrence — cover applies for 'accidental loss to an insured vehicle occurring anywhere in New Zealand ... during the period of insurance'

Zurich New Zealand

Zurich NZ Motor Insurance

Excess options (NZD)

  • theft: not stated in wording — refer to schedule
  • standard: rule string — 'The amount of the deductible is shown in the schedule. The deductible will apply separately to each vehicle and each claim on that vehicle. Where more than one of your vehicles is involved in the same accident, only the higher deductible will apply.'
  • unnamed_driver: not stated in wording — refer to schedule
  • inexperienced_driver: not stated in wording — refer to schedule

No-claims bonus

Not on file.

Driver schedule

  • any_driver_cover: yes — description of use covers the vehicle 'while being driven by you, or anyone with your consent'
  • driver_age_limits: no minimum age stated in wording; learner drivers permitted provided 'all requirements of the law are being complied with'
  • named_drivers_required: no — the wording does not require named drivers; cover applies to anyone driving with the insured's consent

Vehicle types covered

  • cars
  • station wagons
  • utilities
  • vans
  • four wheel drive passenger vehicles
  • trucks
  • buses
  • electric vehicles
  • battery electric vehicles (BEV)
  • plug-in hybrid electric vehicles (PHEV)
  • mobile plant
  • mobile equipment
  • trailers
  • agricultural implements and machines
  • vehicles with hoists
  • leased/hired/borrowed/lent vehicles under care custody and control

Claims basis

occurrence — cover is in respect of 'events happening during the period of insurance stated in the schedule'

Dual New Zealand

DUAL New Zealand Commercial Motor Vehicle (08.23 v2)

Excess options (NZD)

  • theft: No excess applies to Section 1 claim where cause of loss is theft or fire (fire not resulting from impact), unless stated in the schedule or payable under any Section 1: Automatic Extension or Section 1: Optional Extension.
  • standard: As shown in the schedule

No-claims bonus

Not on file.

Driver schedule

  • any_driver_cover: yes — Section 2 covers 'any other person caused by or through or in connection with their use of an insured vehicle … provided such use has the permission of the insured'
  • driver_age_limits: No minimum age stated in the wording; learner drivers permitted provided 'the insured vehicle is being used for the purpose of teaching a learner to drive, and all the requirements of the law are being complied with'
  • named_drivers_required: no — no requirement for named drivers found in the wording

Vehicle types covered

  • cars
  • station wagons
  • utilities
  • vans
  • four wheel drives
  • trucks
  • mechanical plant
  • mobile machinery
  • vehicles with cranes or hoists
  • taxis
  • agricultural vehicles (tractors etc.)
  • any type of machine on wheels, tracks or rollers (but not rails) propelled by its own power, and anything designed to be towed by such a machine

Claims basis

Occurrence — cover applies for accidental loss or liability 'occurring during the period of insurance'

Delta Insurance

Delta NZ Commercial Motor Vehicle (April 2024)

Excess options (NZD)

  • at_fault: The Excess shall be refunded for a No Fault claim unless specified in the Schedule or related extensions.
  • standard: as per the Schedule
  • unnamed_driver: as per the Schedule
  • under_25_driver: The Excess will be cumulative where there is more than one Excess applicable and it is stated as such on the Schedule, including the under 25 years old Excess.

No-claims bonus

Not on file.

Driver schedule

  • any_driver_cover: yes — 'Authorised Driver means any driver operating the Insured Vehicle with the Insured's prior consent.'
  • driver_age_limits: an under 25 years old Excess applies as stated in the Schedule; 'The Excess will be cumulative where there is more than one Excess applicable and it is stated as such on the Schedule, including the under 25 years old Excess.'
  • named_drivers_required: no — cover applies to any Authorised Driver (any driver with prior consent of the Insured)

Vehicle types covered

  • cars
  • station wagons
  • utilities
  • vans
  • SUVs
  • trucks
  • heavy commercial vehicles
  • mobile plant and machinery (cranes, forklifts, excavators, lifting machinery/platforms, log haulers, skidders, rollers, graders, bulldozers)
  • electric/hybrid/hydrogen vehicles
  • autonomous vehicles
  • vehicles used for the Insured's Business

Claims basis

occurrence — cover applies to an 'Event' defined as 'any occurrence or series of occurrences arising from one source or original cause within a 72-hour period'

Showing 5 of 6 FCIB-panel insurers — AIG / Zurich / Delta / Dual NZ broker-portal PDFs are pending. See the full panel.