How much is fleet insurance in Ontario?

Fleet insurance in Ontario typically costs $6,000 to $12,000 per truck annually for standard operations. This is generally lower than owner-operator rates due to volume discounts. Final premiums depend heavily on your CVOR rating, total fleet size, cargo type, and whether you operate locally or cross-border.

Ontario Fleet Rating Factors

• Fleet Size Thresholds: You typically need 5+ power units to qualify for fleet status. Fleets with 10+ trucks often negotiate significantly lower per-unit rates than smaller operations.
• Safety Records: Underwriters heavily scrutinize your CVOR Level 2 Abstract. A violation rate over 35-40% can disqualify you from standard markets, potentially doubling premiums.
• Claims History: Unlike individual policies, fleets are rated on their specific loss runs. A low loss ratio over the last 3-5 years is the most effective way to reduce costs.

To secure the best rates, have your 5-year fleet runs and current driver list ready, then request quotes from brokers specializing in Intact, Northbridge, or Echelon markets.