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Fleet Insurance in Edmonton KY & Glasgow KY

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 Glass & Thompson Insurance 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/.

Our Location

Glass & Thompson Insurance Agency

1006 W Stockton St
Edmonton, KY 42129
Main office: 270-432-3491

Our Providers

What a privilege to have both our business, auto and home insurance with Glass Thompson. They're home-town folks here in Edmonton, but the rates they found us are competitive with much larger markets. My wife and I had our insurance with a great independent company in Lexington for several years. They'd saved us several hundred dollars a year over Farm Bureau. Now we live here, and Glass Thompson was able to save us even more and increase our coverage too. Thanks to all the friendly, courteous, and always helpful staff at GTI.
Steven S.
Highly recommend for all insurance policies. Glass Thompson is helpful, polite and really know what they are doing. They have always been ready to help with any questions I have had, and will do the same for you. Best of all, they will get you the best prices available.
Ashley P.
Our family has had our policies through Glass and Thompson for decades and we've never been disappointed! Recently, I had a rental car issue and they went above and beyond to help with the claim. Any questions or concerns were met with a "let me check on this for you" and those concerns were quickly resolved. I couldn't be more satisfied with their knowledge and friendliness. So glad they are my insurance agent!
Beth M.
There is not another company anywhere that offers better customer service! I recently had to add a teenage driver to my policy and Jamie was wonderful to walk me thru the process and reevaluated my current policy to make sure that I was getting the best coverage at the best rate. Everyone at Glass Thompson works hard to make each transaction pleasant.
Charity N.
My wife and I own a small business and farm along with our personal automobiles and home. Since Glass Thompson Insurance is able to access multiple carriers, we are able to 'one stop shop' and address all our needs in one spot. Friendly and accessible. Recommend highly.
Matt S.