Your driver's age is considered with fleet insurance companies, drivers have to be over 25 with at least two years driving experience. But not to worry, you can insure your vehicles for any driver but your premium will probably be higher, you have to take the good and the bad.
Your drivers must obviously have a full UK driving license and be licensed for the vehicle they drive for your company. For instance, they must have a class one HGV license to driver 32-ton articulated vehicle. Most fleet insurance companies will allow any driver to driver any vehicle but if you employ older drivers with more experience, you could fall into a different category and be liable for a smaller premium cost.
If your company has a bad claims record, the terms of your policy can change and higher excess will be wanted from insurance companies. If one of your drivers has a bad claims record, the insurance company can ask for an increase for that driver. A poor claims record can mean stricter terms are applied and higher excesses.
Your cover can vary between your vehicles; let me explain… you can insure difference vehicles with difference cover, comprehensive, third-party fire and theft, or third-party only. You can increase or decrease your excess for certain vehicles to lower the cost of the premium. You may benefit from cheaper legal expenses if your vehicles are insured under one fleet insurance policy. Your vehicle windscreens can be covered for a much lower price under a fleet policy too.
Risk Management for your vehicles can be managed better if all your vehicles are insured on one policy. If you insure your vehicle with different insurance companies, then each company can take a different look to price your policy and this possibly will cost your company more cash. A fleet insurance policy will make sure all your vehicles are covered properly and reduce the risks for your business.
Fleet Insurance Services Top Tips and Strategies To Help You Find Cheaper Commercial Insurance
Auto Insurance Primer - What is auto insurance?
By Car M
* The cost of repairing the vehicle following an accident
* The cost of purchasing a new vehicle if it is stolen or damaged beyond economic repair
* Legal liability claims against the driver or owner of the vehicle following the vehicle causing damage or injury to a third party.
Liability insurance covers only the last point, while comprehensive insurance covers all three. Even comprehensive insurance, however, doesn't fully cover the risk associated with buying a new car. Due to the sharp decline in value immediately following purchase, there is generally a period in which the remaining car payments exceed the compensation the insurer will pay for a "totaled" (destroyed, or written-off) vehicle. So-called GAP insurance was established in the early 1980's to provide protection to consumers based upon buying and market trends. The escalating price of cars, extended term auto loans, and the increasing popularity of leasing gave birth to GAP protection. GAP waivers provide protection for consumers when a "gap" exists between the actual value of their vehicle and the amount of money owed to the bank or leasing company. In some countries including New Zealand and Australia market structures mean that people are more likely to buy a nearly new car than a new car so this is less of a problem.
In the United States, liability insurance covers claims against the policy holder and generally, any other operator of the insured's vehicle, provided they do not live at the same address as the policy holder and are not specifically excluded on the policy. In the case of those living at the same address, they must specifically be covered on the policy. Thus it is necessary for example, when a family member comes of driving age they must be added on to the policy. Liability insurance generally does not protect the policy holder if they operate any vehicles other than their own. When you drive a vehicle owned by another party, you are covered under that party's policy. Non-owners policies may be offered that would cover an insured on any vehicle they drive. This coverage is available only to those who do not own their own vehicle.
Generally, liability coverage does extend when you rent a car. However, in most cases only liability applies. Any additional coverage, such as comprehensive policies, i.e. "full coverage" may not apply. Full coverage premiums are based on, among other factors, the value of the insured's vehicle. This coverage may not apply to rental cars because the insurance company does not want to assume responsibility for a claim greater than the value of the insured's vehicle, assuming that a rental car may be worth more than the insured's vehicle. Some states, such as Minnesota, may require that it extend to rental cars. Most rental car companies offer insurance to cover damage to the rental vehicle. In some regions, the costs associated with not having access to the vehicle ("Loss of Use") is also covered.
Factors That Affect Your Car Insurance Premium
By Car M
Factors you CANNOT easily change that affect your car insurance rates:
Age
Statistically, drivers under the age of 25 are at greater risk of being in an accident than those over age 25. Drivers between the ages of 50 and 65 generally have the safest records.
Gender
Women are statistically safer drivers.
Marital Status
A married person will pay less than a single person with an identical driving record. Factors you CAN change that affect your car insurance rates
Geography
Where you live makes a difference. Folks living in areas with little or no traffic are likely to spend less on insurance than those living in congested cities or suburbs because areas with a lot of traffic tend to see more accidents. Some neighborhoods also have a higher rate of vehicle thefts, which can result in a higher premium.
Driving Violations
Having an accident or moving violations on your record (speeding tickets, DWI, reckless driving, etc.) put you at a higher risk for accidents and will likely mean a higher premium. Some insurance companies will penalize you for your record for as many as five years from when the incident occurred. However, keep in mind, as your record improves, your premium will get lower.
Vehicle Type
El cheapo car will cost less to insure than that status symbol SUV sitting on 24" rims baby.
Accident Claims
A driving record that is clean and free of accidents will hold fare better for you than lots of tickets and/or accidents.
Credit Rating
Many insurance companies view having a poor, or even no credit history as suggestive of higher risk and thus, charge you a higher premium.
Occupation
Insurers have statistically found a correlation between your occupation and risk. For instance, a newspaper delivery person is most likely a higher risk than the personal banker sitting at their desk all day.
Other factors that help determine premiums:
. Driving distance to work
. Miles driven each year
. Years of driving experience
. Business use of the vehicle
. Whether or not you currently have auto insurance
. Theft protection devices (often results in discounts)
. Multiple cars and drivers (another opportunity for discounts)
What can I do right now to make sure I have the lowest premium?
Shop around and compare quotes from different insurers. They base their premiums on their claims experiences, which naturally differ. One company may see your area as a higher risk than others may. Another may charge more because of your occupation. Shopping at http://www.insurancehelp101.com makes it easier because you can quickly see multiple companies and their rates for your particular situation
Source: http://www.Free-Articles-Zone.com
