Fleet Auto Insurance San Diego, California
We Offer Customized Policies For Fleet Vehicles At Great Prices. Call H&M Insurance For a Free Quote.
Herriott & Mijailovic is a boutique-style insurance agency that helps owners of small to medium-sized businesses in San Diego, California obtain adequate insurance for their fleet of cars or trucks. Whether you have just a few or dozens of vehicles, we can provide the right coverage that will protect you from financial losses by minimizing the risks you face. We offer custom-tailored policies for commercial vehicles of all kinds, including passenger transport vehicles, commercial trucks, car rentals, taxi fleets, food trucks, tow trucks, trailers, and many others. For more information, fill out a quick contact form or give us a call.
(619) 296-0005
With over 50 years of combined experience, H&M Insurance Agency is an independent insurance agency that understands the unique insurance requirements of different businesses. We carefully evaluate your company and your circumstances to deliver a comprehensive and cost-effective insurance policy that fits your needs. Our insurance solutions involve coverages for liability, property damage, bodily injury, uninsured motorists, and much more, so that you can get back on the road quickly without considerable delays and without considerable financial damage. This way, your fleet, your business, and your brand are protected and you will be able to deliver the goods and services as usual.
Our agency represents multiple insurance providers like Safeco, The Hartford, Travelers, and First Comp. This allows us to simplify the whole insurance process and find you the right combination of coverage, price, and service. We are here for you and work on your behalf.
What Is Fleet Auto Insurance?
This is an essential security component for any company that owns more than one vehicle. With this coverage, all vehicles are protected under the same coverage and you eliminate the need for individual policies. Fleet auto insurance is the most convenient and least expensive way to cover liability risks for all vehicles in one company, whether they are cars, trucks, buses, vans, SUVs or tractor-trailers. Most insurance providers offer small fleet and large fleet options, with minimum number of vehicles needed to qualify for each category. The number vary based on the plans offered. Typically, this coverage is added when a business owner has three or more vehicles.
Advantages
This type of coverage is very convenient and has numerous benefits:
- Convenience and ease of use – less policies to keep track of and less administrative hassle
- Flexible & scalable – add or remove drivers and vehicles easily
- Cost effective – get lower premiums for bundling vehicles into one policy
According to Network Of Employees For Traffic Safety (NETS), in the US alone, traffic-related expenses cost employers a whopping $72.2 billion in 2019. This includes liability, medical expenses, physical damage, and productivity loss. For this reason, it is imperative to have proper insurance policy in place.
Small Fleet Insurance vs. Large Fleet Insurance
The size of your fleet determines whether you qualify for small fleet insurance or large fleet insurance. Although the coverage is relatively similar between the two, each category has its distinctive features.
Small Fleet
- Typically have between 3 and 10 vehicles (depending on the insurer)
- Scheduled charging, premiums paid per unit
- “Named Driver” and “Any Driver” policies
Large fleet
- More than 10 vehicles in fleet
- Mileage-based policies
- Gross revenue policy
What Is Covered in Fleet Insurance?
Millions of vehicles in the US are categorized as fleet vehicles, making up about 3% of all vehicles nationwide. Such a large number means that the risk of crashes increases and each driver must be covered by appropriate policy. Safeguarding your commercial autos prevents financial hardships and operation delays. The most important coverages to consider are:
Liability insurance
In the state of California, as in most other states, every commercial vehicle must carry liability insurance, which is designed to protect other people if you are at fault for the accident. Liability coverage helps pay for the repair or replacement of the damaged property or medical expenses of treating bodily injuries.
Minimum liability requirements in California are as follows:
- $15,000 for injury or death to one person
- $30,000 for injury or death to more than one person
- $5,000 for property damage
Effective January 1st, 2025, minimum limits will be raised to $30,000, $60,000, and $15,000 in California.
Bodily injury
This coverage helps pay for medical bills when you are at fault for the accident. It covers medical transportation, emergency care, hospital stays, rehabilitation, victim’s pain and suffering, lost wages, and funeral expenses.
Property damage
If you or one of your drivers causes an accident that damages other people’s property, this coverage pays for the necessary repairs or replacement (of a totaled car for instance).
Medical payments
Medical payments coverage is designed for businesses that use their fleet to transport multiple people (passengers). This type of insurance covers medical expenses for treating both the passengers riding in the vehicle and the driver. As a no fault coverage option, it will pay medical bills regardless of who is at fault. Call us directly and speak to our representatives to check feasibility and availability of this option for your business fleet.
Physical damage
If one of your vehicles is damaged, this coverage helps take care of the repair costs. This type of coverage is particularly important for leased or financed fleets, because it provides full protection.
- Comprehensive physical damage protects your fleet against a number of risks and hazards caused by something that is not a crash or rollover. For instance, if someone steals your vehicle while it is parked at a job site, this coverage can pay for the replacement. In case your fleet business auto gets damaged by hail storm, a tree fall, or vandalism, comprehensive physical damage covers the cost of repairs.
- Collision damage is specially designed for collisions and rollovers. If your delivery van runs into a pole and gets damaged, this protection will bear the costs of repair.
- Specified perils, also referred to as “ Fire, theft, and Combined additional coverage (CAC)”, is similar to comprehensive physical damage – it does not apply to collisions and overturning and it covers many of the same perils. However, this coverage protects you against specific hazards listed on your policy (“named perils”) and that’s why it has lower premium.
Additional coverages
There are some extra coverages you may take into consideration if you want to ease the transition and get over the hardships as smoothly as possible.
- Umbrella insurance – Where your general liability and other commercial liability coverages stop, Commercial umbrella insurance kicks in and protects you beyond the basic plan.
- Rental insurance – Covers the cost of renting a temporary replacement vehicle until your own vehicle is repaired and ready to be used again.
- Towing insurance – As the name implies, this insurance pays the cost of towing your vehicle.
- Accessories insurance – This coverage is designed for those who have special equipment installed in their fleet cars or trucks, such as mileage meters, radios, or GPS navigation devices. You can add coverage so that you don’t have to pay for the repair or replacement of these expensive devices when they get damaged in an accident.
- Employee hired auto coverage – Designed for employees and company drivers who rent vehicles for work in their own name.
- Auto lease gap coverage – This insurance serves to cover the amount between outstanding loan and the cash value of the vehicle in the event of total loss.
Uninsured or Underinsured motorist insurance
Despite the law that says that all drivers in the US must have at least basic liability insurance, many drivers are either not insured at all, or do not carry enough coverage. Uninsured or Underinsured motorist policy protects your business when the other driver is at fault but has little or no insurance at all.
Types of Vehicles That Can Be Insured With Fleet Insurance
Just about any type of commercial vehicle used by businesses, organizations, and government-affiliated agencies can be covered with this type of insurance:
- Passenger transport
- Specialty operations
- Commercial trucking
- Business autos
- Motor fleets
- Truck fleets
- Towing trucks
- Car rental
- Taxi fleets
- Small/Mid-fleet trucks
- Large trucking fleet
Who Needs Fleet Insurance?
Fleet insurance is designed for various industries that rely heavily on fleet vehicles, such as:
- Transportation (passenger & cargo)
- Logistics
- HVAC, plumbers, and electrician professionals
- Contractors (carpenters, roofers, painters, etc.)
- Oil & gas industry
- Construction
- Engineering
- Security
- Food & Beverage industry (restaurants, food vendors, caterers)
- Landscaping & pest control
- Education
- Healthcare
- Non-profit organizations
- City departments
- Hospitality (restaurants, hotels, coffee shops)
- Utility companies
- Telecommunications
How Much Does It Cost?
When it comes to fleet insurance, there is no flat rate. Instead, there are variables that affect the cost, and they are:
- Fleet size – As a general rule, the larger the fleet, the lower the premium will be.
- Type of industry – The performance of certain professions (couriers, taxi drivers, personal drivers) is typically measured on their timelines, adding pressure on drivers to complete their tasks quickly. This puts them into a risky driving group with higher insurance premiums.
- Type of vehicle – The type of vehicle is another important factor that determines the price of premium. Other vehicle features that are taken into account when calculating the price include things like annual mileage or age.
- Claims history – Your collision and claims history can also have impact on the price, especially if it has been substantial.
- Location – If you are in an urban area, you will most likely pay higher premiums due to higher risks. Driving in rural areas is less risky as there are less vehicles on the road.
- Driver motor vehicle records – Make sure your fleet drivers update their motor vehicle record (MVR) every 2 years. An MVR lists events like collisions, moving violations, and criminal charges. Risky driving behavior recorded in a driver’s MVR will raise the premiums.
- Deductibles – Deductibles will lower the premiums, however, ensure you always have enough funds to pay for the required amounts.
How To Lower Premiums?
There are several ways to lower the cost of commercial fleet auto insurance and to ensure you do not overspend on insurance:
- Electronic logging device – By installing logging equipment you will be able to supply the insurer with the necessary data that indicates you operate a safe fleet. Ultimately, you will be able to reduce the cost. This method is also known as usage-based insurance.
- Identify improvement areas – Driver scoring and coaching can help you find drivers who need further training. Furthermore, it strengthens your commitment to safe driving in the eyes of your insurer.
- Dash cameras – Installing dash cameras helps identify risky driving, but more importantly, it provides hard evidence in case of collision.
Why Choose H&M to Protect Your Fleet?
As a business owner, you are probably aware of how critical insurance is for the overall success of your company. As small and medium-sized business insurance specialists, Herriott & Mijailovic agency has plenty of experience and knowledge to design fleet insurance plans tailored specifically to your company’s needs. Our independent insurance agents are customer-oriented and very responsive, which is why we have established a rock-solid reputation within the state of California.
- Reliable fleet insurance providers in California
- FREE quotes and low cost prices
- Family-owned, customer-focused team
- Licensed and authorized to sell major insurance suppliers
- Quick and proficient mitigation of claims
- Honest, knowledgeable, and friendly agents
Call For a Quote! Get In Touch With Our Agents Today!
As an independent agency, H&M can provide your business with the protection you need to continue your company targets as planned. We create convenient and affordable policies so you can focus on your business. Get in touch with our seasoned agents today and insure your commercial auto fleet, whether large or small. Call (619) 296-0005.