Here’s A Few Simple Reasons Why It’s Worth Shopping Around For Fleet Insurance

Here’s A Few Simple Reasons Why It’s Worth Shopping Around For Fleet Insurance

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Congratulations if you now qualify for fleet insurance, which means your business has grown enough for you to have a large number of vehicles which are necessary for fleet insurance purposes. You no longer qualify for “no claims bonus”, but your annual renewal is based on claims.

Are you going to shop around for your renewal? Are you excited about it? Are you expecting an increase in your renewal?

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You may not be shopping around because it is hard work, and the likelihood is your broker won’t shop around for you either. However it is a good idea to shop around as this is the easiest way to save money.

It really is hard work though and you need to plan. Plan well in advance. Allow at least six weeks before your renewal is due and tell your broker that you need competitive quotes. If he won’t get competitive quotes, go to another broker and get competitive quotes for yourself.

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You need to do more than just give yourself six weeks though. Most insurers will need to know the details of your last three years’ claims. Make sure you know the amounts of each claim, and which event each amount is related to. If you were involved in a driving accident which wasn’t your fault, the insurers will need to know about the third party paying. You are entitled to and should gain this information from your existing insurer, who are legally obliged to give it to you.

When using an alternative broker, he will need all the details of all your vehicles, including the make, the model, where they are stored etc. You’ll also need to gather the information regarding the drivers, including age, gender, driving licence details, driving related convictions and so on, so make sure you have the information beforehand. This will not be a wasted effort because your existing broker will want your latest driver information anyway.

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Fleet insurance is very convenient for you in many ways. Your administration is simplified, but making sure you get the best deal at renewal is quite difficult.

I have four cars which I have acquired over the years. Fleet Insurance fleet insurance When I thought back to the lectures around the family table about insurance, I wasn’t worried anymore. We loved it when we were very young, and even when we had grown up and moved out.

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