What is the minimum number of vehicles for fleet insurance?

Most Ontario insurers require a minimum of five (5) commercial vehicles to qualify for a standard fleet insurance policy. However, specialized markets may offer "mini-fleet" coverage starting at three vehicles. Qualifiers typically must register vehicles under one company name to access bulk rates of $6,000-$12,000 per truck annually.

Ontario Fleet Eligibility Requirements

• All vehicles must be registered to the same corporate entity or business owner.
• Operators must maintain a valid Commercial Vehicle Operator’s Registration (CVOR) with a clean safety abstract.
• Rates are determined by aggregate loss ratios, meaning one bad driver directly impacts the entire fleet's premium costs.

Review your current claims history before applying, as fleet rating ties premiums to overall company performance. Contact a specialized broker to consolidate policies for a common expiry date and reduced administrative burden.