Fleet Insurance in Texas
Also providing insurance to residents in Colorado, Kansas, New Mexico, and Oklahoma
What is fleet insurance?
When businesses have a lot of vehicles, most of those vehicles need the same insurance protections. Fleet insurance can allow Texas businesses to get the insurance protections they need for a bunch of cars or trucks.
Fleet insurance is a tailored type of commercial auto insurance designed for businesses with multiple cars or trucks. Policies can provide extensive coverages for a large number of vehicles.
What businesses in Texas does commercial fleet insurance make sense for?
Texas businesses may want commercial fleet insurance if they have 5+ vehicles. While not a hard-and-fast rule, this is generally the point at which it makes sense to get a fleet policy. Businesses that have 1-4 vehicles will likely find that bundling individual policies together is a better option for them.
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What kinds of coverage does commercial fleet insurance offer?
Commercial fleet policies normally have all of the coverage options that individual commercial auto policies do. Some important protections to consider are:
There are many other coverage options that commercial fleet policies can offer. An insurance agent who knows these policies well will be able to help businesses go through all of their options.
Can all types of vehicles be covered by fleet policies?
Most vehicle types used for business purposes can be insured under a commercial fleet policy. This broadly includes cars, vans, trucks and potentially trailers. Businesses frequently need a policy that’s specific to their vehicles’ class, but policies are broadly available.
What are Symbol 1 policies and Symbol 7 policies?
Commercial fleet insurance usually comes as either a Symbol 1 policy or a Symbol 7 policy. Both policies may offer the same coverage options, but they generally differ in what vehicles their coverages apply to:
- Symbol 1 Policies: Generally covers a business’s full fleet of cars or trucks.
- Symbol 7 Policies: Generally covers only specific vehicles a business has.
Depending on how vehicles are used, businesses may want a Symbol 1 policy or a Symbol 7 policy. An insurance agent specializing in commercial fleet insurance can help businesses determine whether they should cover all or some vehicles with this policy.
Can businesses get fleet policies specifically for vehicles that are used seasonally?
When vehicles are used seasonally, or at least more during certain months, an insurance policy might be adjusted for the use pattern. Depending on the vehicle use and insurance policy, premiums may be adjusted at the start of a policy, or coverages may be adjusted when vehicles are used more or less. Telematics can also help an insurance company tailor coverage for seasonal use.
This is something that requires detailed knowledge of fleet policies. Businesses that use their vehicles seasonally should work with a specialized agent to find the best insurance policy.
How much does insuring a fleet of cars or trucks cost?
The cost of insuring a fleet of vehicles depends on many factors. Details like the following can impact cost:
- Number of vehicles
- Class of vehicles
- Year, make and model of vehicles
- Location where vehicles are stored
- Driver experience and endorsements
- Any recent auto insurance claims
To find out how much insuring a specific fleet will cost, businesses can compare premiums and coverages with an independent insurance agent.
Where can businesses in Texas find fleet insurance?
If your business has a bunch of vehicles to insure, reach out to the independent agents at Kirk Insurance Agency. Our agents have helped many Texas businesses with commercial auto policies, and we can certainly help you insure multiple vehicles with a fleet insurance policy.
