What is considered fleet insurance?

Fleet insurance consolidates multiple commercial vehicles under one policy. To qualify as a fleet in Ontario, you typically need 5 or more power units. This coverage offers significant premium discounts, often reducing costs to $6,000-$10,000 per truck, and provides blanket coverage for easier vehicle management.

Key Ontario Fleet Benefits

• Volume Discounts: Insuring 5+ vehicles generally lowers premiums by 10-20% compared to individual commercial auto policies.
• Blanket Coverage: Automatically covers new vehicles added during the term without immediate notification, ensuring CVOR compliance is maintained.
• Unified Administration: All vehicles renew on a common expiry date, significantly reducing administrative overhead.

Contact a specialized broker to review your loss run reports and determine if your operation qualifies for fleet rating discounts.