Business policy insurance

stranger12

Hi all,

If i have 4-5 cars can i simply use business policy and take one of thise policies out rather than multipolocies?

What are the qualifying critirions?

Many thanks

dacouch

Not if you're a private individual.

I the vehicles are all owned by one of your businesses or a number of your businesses then it's a possibility.

Why do you want a company fleet policy, is it to save money or for young drivers etc?

stranger12

Private individual and own all cars

To save money

Quentin

You need to be a business to take out a fleet policy.


I think admiral (not a recommendation) will do all 5 on their normal multicar policy

dacouch

stranger12 wrote: »

Private individual and own all cars

To save money

It would not save you money in the long run.

Are you fairly rich? and if so are the cars exotic?

stranger12

No but think they are around 2k per year which is much cheaper than 4 car insurance

Have an m3, skyline,530d and igo

rs65

stranger12 wrote: »

No but think they are around 2k per year

Where are you getting that from?

I know of fleets that range from £400 per vehicle to £5000 per vehicle.

stranger12

So is it per car? I spoke to a dealer and he said he pays 2k for all of his cars

rs65

stranger12 wrote: »

So is it per car? I spoke to a dealer and he said he pays 2k for all of his cars

If you are talking about a motor dealer, then it is rated completely differently, and only available if you are in the motor trade.

InsideInsurance

Quentin wrote: »

You need to be a business to take out a fleet policy.

There are, or at least have been, some private fleet policies. UK Insurance used to write it but it was telephone only.

stranger12

I can register a motor trade and then maybe start that job but also insure all of my cars?