What is Fleet Insurance?
Massachusetts businesses with multiple commercial vehicles need an efficient way to insure them. Fleet insurance generally offers an easier and more cost-effective way to insure many vehicles, as opposed to purchasing coverage for each one individually.
Fleet insurance consolidates commercial auto insurance for multiple vehicles. The coverages are much like what’s found in standard commercial auto policies, except adjusted for more than one vehicle.
Which Massachusetts businesses does commercial fleet insurance make sense for?
Any Massachusetts business with 5+ vehicles will likely find commercial fleet insurance is the best way to insure their cars or trucks. This tends to be the point at which a fleet policy makes sense.
Businesses with 2-4 vehicles normally find that bundled individual policies make more sense for them. With a smaller number of vehicles, the fleet coverages, limits and premiums may be higher than what 2-4 vehicles require.
A total of 5+ vehicles isn’t a hard cutoff across all fleet policies, however. Any businesses that are unsure whether bundled policies or a fleet policy is better for them should talk to a knowledgeable insurance agent. An agent specializing in these policies will be able to check which option is more cost-effective, and assist with either one.