How Many Vehicles Constitute a Fleet?

Most people are generally familiar with the term 'fleet', which describes many vehicles in one set of cars, owned by a single individual or company. Vehicles from taxis to ice cream trucks, almost any set of vehicles can be considered a fleet, and thus insured under a single insurance policy to save money.

But how many vehicles are there in a fleet? This is a question that many people couldn't answer, because it is just considered a number of vehicles. You should know the answer, though, especially if you are looking to save money by purchasing fleet insurance.

The truth is that the number of vehicles that constitutes a fleet varies depending on the insurance company. Whilst there is no real maximum number of vehicles that can go on a fleet insurance policy, the minimum varies. A pretty safe minimum range for a fleet is 3 or 4 vehicles for a policy. The vehicles do not necessarily have to be used for the same thing, either. A policy may include a few vehicles that are used for travel and another for deliveries. Combining all these under into one policy saves a significant amount of time, not to mention organisation, as well as money. Any claims made on these vehicles is also easier and more efficient.

In fact, owning more than three vehicles makes it almost absolutely necessary to purchase fleet insurance, especially if you own a business. Any policy can be configured to suit the needs of your organisation, allowing for different levels of cover for different vehicles. This can help lower a rate if you have expensive vehicles, but require an age limit for drivers to be able to drive them.

Owning many vehicles might make it easier to find a company to insure them as a fleet, but there are still a significant amount of providers that will insure as few as three vehicles. Any less than that and it might become very inefficient to both you and the insurer and could end up costing you a lot more than you would otherwise pay for two separate policies.

So, if you are still thinking of whether fleet insurance is right for you, or you are planning to start a business that requires a fleet of vehicles, hopefully you can now walk away with the knowledge of how many vehicles really makes up a fleet. Be honest with your insurance company about your vehicles, be upfront with what you need covered and you should be able to find an insurance policy which has been specifically tailored to meet your business needs.