Call Us 336-227-0154 ☰ ˟
Logo
Call Us 336-227-0154
  • Home
  • Our Agency
    • About The Peterson AgencyImage of right arrow
      • Employee Directory
      • Our Location
      • Mission Statement
      • Testimonials
    • Our Providers
  • Products
    • Auto InsuranceImage of right arrow
      • Classic Car
      • Medical Payments Coverage
      • Minor Violation Forgiveness
      • Accident Forgiveness
      • Rental Reimbursement
      • Uninsured & Underinsured Motorist
    • Home InsuranceImage of right arrow
      • Homeowners Liability
      • Landlords Insurance
      • Scheduled Property Insurance
    • Life InsuranceImage of right arrow
      • Disability Insurance
      • Group Life Insurance
      • Individual Life Insurance
      • Long Term Care
      • Mortgage Protection
      • Second-To-Die Policy
    • Powersports VehicleImage of right arrow
      • ATV Insurance
      • Boat Insurance
      • Motorcycle Insurance
      • Snowmobile Insurance
      • Recreational Vehicle Insurance
    • Other Personal Insurance
  • Business
    • Business InsuranceImage of right arrow
      • Bonds
      • Business Catastrophe Insurance
      • Business Owners Policy (BOP)
      • Commercial Auto Insurance
      • Commercial General Liability
      • Commercial Property Insurance
      • Commercial Real Estate Insurance
      • Commercial Umbrella Insurance
      • Crime Insurance
      • Equipment Insurance
      • Errors and Omissions Insurance
      • Fidelity Bonds
      • Leave Management
      • Loss Control Insurance
      • Inland Marine Insurance
      • Kidnapping Insurance
      • Marine Insurance
      • Mechanical Breakdown Insurance
      • Office Insurance
      • Product Liability Insurance
      • Professional Liability
      • Ransom Insurance
      • Shipping Insurance
      • Small Business Insurance
      • Small Business Liability Insurance
      • Storage Insurance
      • Surety Bonds
      • Technology Insurance
      • Trailer Insurance
      • Transportation Insurance
      • Trucking Insurance and Semi Truck Insurance
      • Workers Compensation
      • Van Insurance
    • Farm InsuranceImage of right arrow
      • Equine Insurance
      • Crop Insurance
      • Farm Auto Insurance
      • Farm Dwelling Insurance
      • Farm Equipment Insurance
      • Farm Liability Insurance
      • Farm Livestock Insurance
      • Farm Owners Insurance
      • Farm Structures Insurance
      • Farm Umbrella Insurance
    • Employee BenefitsImage of right arrow
      • Employer-Sponsored Retirement
      • Retirement Planning
      • Retiree Health Coverage
      • Group Benefits
      • Group Disability Insurance
      • Group Health Insurance
      • Disability Insurance
      • Individual Life Insurance
      • Voluntary Benefits
      • Business Life Insurance
    • Coverage for Specific IndustriesImage of right arrow
      • Accounting Firm Insurance
      • Bar Insurance
      • Box Truck Insurance
      • Builders Risk Insurance
      • Cargo Insurance and Freight Insurance
      • Car Dealership Insurance
      • Cleaning Business Insurance
      • Construction Insurance
      • Contractors Insurance
      • Consulting Firm Insurance
      • Craft Brewery Insurance
      • Dental Practice Insurance
      • Educational Facility Insurance
      • Fleet Insurance
      • Food Truck Insurance
      • Financial Institution Insurance
      • Garage Insurance
      • Healthcare Facility Insurance
      • Healthcare Practice Insurance
      • Law Firm Insurance
      • Life Science Insurance
      • Liquor Liability Insurance
      • Livestock Insurance
      • Limousine Services Insurance
      • Maintenance Contractors Insurance
      • Manufacturing Insurance
      • Maritime Employers Insurance
      • Media & Advertising Insurance
      • Medical Malpractice Insurance
      • Minibus Insurance
      • Non Profit Insurance
      • Nursing Home Insurance
      • Nursing Insurance
      • Orthotics & Prosthetics Insurance
      • Personal Trainer Insurance
      • Pharmacist Insurance
      • Pool & Spa Insurance
      • Printers & Publishers Insurance
      • Railroad Contractors Insurance
      • Real Estate Businesses Insurance
      • Religious Institutions
      • Restaurant Insurance
      • Retail Insurance
      • School Bus Contractors Insurance
      • Scrap Metal Insurance
      • Specialty Trade Contractors Insurance
      • Security Guards Insurance
      • Self-Storage Insurance
      • Septic Contractors Insurance
      • Snow Plow Insurance
      • Specialized Truck Equipment Insurance
      • Technology Services Insurance
      • Tow Trucks Insurance
      • Tractor Insurance
      • Uber Insurance
      • Water Well Drillers Insurance
      • Veterinary Insurance
  • Get A Quote
    • Auto Insurance Quote
    • Homeowners Insurance Quote
    • Life Insurance Quote
    • Business & CommercialImage of right arrow
      • Builders Risk
      • Business Owners (BOP) Quote Form
      • Commercial Auto Insurance Quote
      • General Liability Quote Form
      • Workers Compensation Quote
      • Commercial Umbrella Insurance Quote
  • Resources
    • Refer a Friend
    • Important Links
    • Insurance Glossary
  • Contact Us
    • Contact Us
    • Main Office
    • Durham Office
    • Goldsboro Office
Home > Commercial-Products > Coverage-For-Specific-Industries > Fleet Insurance - Burlington NC & Durham NC

Fleet Insurance in Burlington NC, Durham NC & Goldsboro NC

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 The Peterson Agency 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
Carrier
Carrier
Carrier
Carrier
Carrier
Home| Get A Quote| Refer A Friend| Blog| About Us| Contact
Main Office
257 S. Graham-Hopedale Rd. | Burlington, NC 27217

Phone: 336-227-0154 | Fax: 336-228-1736

Durham Office
1822 ENC 54 Hwy, Suite 150 | Durham, NC 27713

Phone: 919-489-3737 | Fax: 919-474-9630

Goldsboro Office
413 Royall Ave. | Goldsboro, NC 27534

Phone: 919-580-0079 | Fax: 919-288-1017
Social Social Social
Logo Logo Logo Logo
Logo

Powered by Insurance Website Builder