How fleets are rated
Each vehicle is still classified by size, use and radius, and each driver's record still matters. As the fleet grows, insurers also look at the claim history of the whole account, at hiring and driver review practices, and at telematics or dash camera programs if you have them.
The threshold at which an insurer treats an account as a fleet varies. Some use a vehicle count, others look at premium size, so ask the agent how each carrier views your account.
Habits that help at renewal
- Pull motor vehicle records before a new hire drives
- Keep a written policy on personal use of company vehicles
- Report vehicle additions and sales promptly
- Track maintenance for each unit
- Review every accident with the driver involved
Box trucks and heavier vehicles
Box trucks and other vehicles above certain weights may bring extra rules, such as a USDOT number for interstate commerce. If you haul goods for other companies for pay, the operation may be treated as trucking, which uses different insurance markets.
Frequently asked questions
Can new vehicles be added mid-term?
Yes. Most policies allow additions and deletions during the term, with premium adjusted from the date of change.
Does a fleet policy cover rented trucks?
Only if hired auto coverage is included. Check before renting a truck for a peak season.