Find Your Nearest Location ☰ ˟
Logo
Find Your Nearest Location
  • Home
  • Our Agency
    • About UsImage of right arrow
      • Our Staff
      • Our Locations
    • Our Providers
  • Products
    • Automobile
    • Homeowners
    • Life
    • Health
    • Medicare
    • Recreational Vehicle
    • Insurance for Your BusinessImage of right arrow
      • Commercial Property Insurance
      • Commercial Real Estate Insurance
      • Commercial Umbrella Insurance
      • Errors and Omissions Insurance
      • Fidelity Bonds
      • Inland Marine Insurance
      • Product Liability Insurance
      • Professional Liability Coverage
      • Small Business Insurance
      • Surety Bonds
      • Workers Compensation
    • Insurance for Your EmployeesImage of right arrow
      • Group Benefits
      • Group Disability Insurance
      • Voluntary Benefits
      • Retiree Health Coverage
      • Group Health Insurance
      • Disability Insurance
      • Individual Life Insurance
    • Farm
  • Get a Quote
    • Automobile
    • Homeowners
    • Business & Commercial
    • Recreational Vehicle
    • Life & Health Insurance
    • Medicare
    • Annuities
    • Farm
  • Customer Service
    • Area Federal Credit Union
    • Dakotaland Federal Credit Union
    • Dakotaland Federal Credit Union - Brookings
    • Dakotaland Federal Credit Union - Desmet
    • Highmark Federal Credit Union
    • Northern Hills Federal Credit Union - Deadwood
    • Northern Hills Federal Credit Union - Spearfish
    • Northern Hills Federal Credit Union - Sturgis
    • Service First Federal Credit Union
    • Service First Federal Credit Union - Smithfield
    • Explorers Credit Union
    • Bluestone Federal Credit Union
    • Levo Credit Union
    • Vermillion Federal Credit Union
    • Voyage Federal Credit Union
    • DFS Central
  • Claims
  • Contact
    • Contact Us
    • Locations & Hours
Home > Commercial-Products > Coverage-For-Specific-Industries > Fleet Insurance - Aberdeen SD & Sioux Falls SD

Fleet Insurance

If your business owns and operates three or more vehicles as part of its daily operations, you may be eligible for a fleet insurance policy. These plans resemble a commercial auto policy that covers many vehicles at the same time, helping you to meet coverage requirements at an affordable rate.

Industries that can benefit from fleet insurance coverage include:

  • Government agencies
  • Construction companies (including those with large construction vehicles like bulldozers)
  • Taxi services
  • Vehicle rental companies
  • Delivery services
  • Any other company that operates a fleet of vehicles

As of 2013, the Bureau of Transportation Statistics found that there were over eleven million fleet vehicles in service, with government and rental use seeing the most growth over the years.

Fleet Insurance Features: Commercial Auto Insurance

Commercial vehicle policies are a major part of fleet insurance, and they cover the vehicles themselves against damage and loss.

In most cases, fleets that focus on services (handymen, locksmiths, and similar professions) will see the largest discount on their premiums. Vehicles used for retail work, such as delivering food or flowers, usually see a more moderate reduction in premiums. Finally, companies that ship either people or large volumes of products see the lowest reduction, simply because there tends to be more damage in a collision. The current average is more than $20,000 for each incident, and since fleet drivers tend to be on the road far more than the average person, there’s a greater likelihood of a collision sooner or later. However, this is when having the proper insurance coverage becomes invaluable.

What's Covered by Fleet Insurance

The main component of fleet insurance is its blanket coverage of vehicles and employees—any employee will be insured while driving any vehicle in your fleet unless they've been specifically excluded from the policy. This is ideal for companies where vehicles frequently have different drivers, as well as companies that have vehicles out on the roads on a regular basis. All fleet insurance policies will meet or exceed the minimum amount of coverage required for commercial vehicles in your area.

If you're not sure whether a vehicle you use qualifies for coverage under a fleet policy (for example, you have a privately-owned vehicle that's also used for business purposes), talk a DFS Insurance agent and they'll let you know if your vehicle is eligible.

 

1. Hatfield, Gary, and Janis Christensen. "10 Ways to Reduce Fleet Costs." Fleet Financials. March 2014. Accessed April 27, 2016. http://www.fleetfinancials.com/article/story/2014/02/10-ways-to-reduce-fleet-costs.aspx.

2. "Table 1-14: U.S. Automobile and Truck Fleets by Use (Thousands)." Bureau of Transportation Statistics. Accessed April 27, 2016. http://www.rita.dot.gov/bts/sites/rita.dot.gov.bts/files/publications/national_transportation_statistics/html/table_01_14.html_mfd.

3. "Do You Know the True Cost of Fleet Accidents?" Telogis Blog. Accessed April 27, 2016. http://www.telogis.com/blog/cost-of-fleet-accidents/.

Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
safeco
Home| Get A Quote| Customer Service| Blog| About Us| Contact
2324 NE 8th Avenue, Suite 1 | Aberdeen, SD 57401
P: 605-229-5200 | Fx: 605-725-4999 | cassie@dakfs.com
Sociala drawing of a face
Logo

Powered by Insurance Website Builder