FLEET & COMMERCIAL VEHICLE
Fleet insurance in Bengaluru
If you run more than a handful of commercial vehicles, the hard part is rarely finding cover. It is keeping every vehicle correctly insured, renewing on time without a scramble, and having one person to call when something happens on the road. That is the work we do.
Bengaluru · Insurance Point has been arranging and servicing insurance since 2006.
What fleet insurance actually covers
"Fleet insurance" is not a separate product with its own rulebook. Each commercial vehicle is still insured under a commercial motor policy. What changes when you run a fleet is how those policies are arranged, renewed and serviced together, and how consistently the cover is applied across vehicles that do different jobs.
Every commercial vehicle on an Indian road must carry third-party liability cover — that is statutory, and driving without it is an offence. Beyond that, the decisions that matter are:
- Own-damage cover for the vehicle itself, and whether it is worth carrying on older units in the fleet.
- Legal liability to paid drivers, cleaners and conductors, which is arranged as an extension and is frequently the section that is missing when a fleet has grown quickly.
- Cover for passengers where the vehicle carries them — the position for a school bus or a staff-transport bus is not the same as for a goods carrier.
- Goods in transit, which is a marine or cargo question rather than a motor one, and is insured separately from the vehicle.
- Add-ons such as engine protection or roadside assistance, where eligibility and value vary sharply by vehicle age and use.
Cover, eligibility and wording differ between insurers and between policy versions. The list above is what to ask about, not a description of any particular policy.
Who we look after
The pattern of risk changes completely with what the vehicles do, and so does the right structure for the cover.
What drives your fleet premium
There is no published rate card for commercial motor cover, and any figure quoted before an insurer has seen your fleet is a guess. These are the factors that actually move the number:
- Vehicle class, seating or tonnage, and age. The single biggest driver, and the reason a fleet of mixed vehicles cannot be priced as one block.
- Insured Declared Value on each vehicle. The same logic as a private car — our IDV calculator explains how the depreciation schedule works and where it stops applying.
- Claims history. Frequency matters more than severity for a fleet. Several small claims usually cost you more at renewal than one large one.
- Geographic zone and route pattern. Where the vehicles are registered, and where they actually run.
- Driver profile and controls. Whether drivers are on your payroll, how they are screened, and what you can evidence.
- Deductibles. Raising the voluntary deductible lowers premium and raises what you carry yourself on every claim — a real decision for a fleet with frequent small damage.
How we manage a fleet
- Vehicle-by-vehicle review. We list what you own, what each unit is insured for, and where cover is missing, duplicated or wrong for the way the vehicle is used. Most fleets we see have at least one of the three.
- Structure and quotation. We take the requirement to the insurers our agents are appointed by, and come back with suitable options and what genuinely differs between them — not a spreadsheet of prices.
- One renewal calendar. Staggered renewal dates are the usual reason a vehicle ends up uninsured. We track the dates and start the review before them, not after.
- Mid-term changes. Vehicles bought, sold, transferred or hypothecated during the year get handled as they happen, so the schedule stays accurate.
- One claims contact. When something happens, you call one number and we help you through intimation, documentation and follow-up with the insurer and the surveyor.
To be clear about the limits of that: the insurer decides the premium, the terms and the claim. We prepare the case properly, keep it moving and make sure nothing is missed — we do not decide the outcome, and nobody honestly can.
Renewals, additions and removals
A fleet policy is not a set-and-forget document. The three things that most often cause a problem at claim stage are a vehicle sold but still on the schedule, a vehicle bought and never added, and a hypothecation entry that was never updated after a loan was cleared. We handle ownership transfers and hypothecation changes as part of the servicing relationship, and it is worth telling us about a change when it happens rather than at the next renewal.
What to have ready
To get a useful quotation rather than an indicative one, we will ask for:
- A vehicle list with registration numbers, make, model, variant, year and seating or tonnage.
- Current policy copies and renewal dates.
- Claims made in the last three years, by vehicle.
- How and where the vehicles are used, and roughly how far they run.
- Who drives them, and whether they are employees or contracted.
If you do not have all of it, send what you have. A partial list is enough to start.
Common questions
How many vehicles do I need before this makes sense?
There is no formal threshold. In practice the servicing benefit starts to matter around five vehicles, and the renewal-calendar problem becomes real above ten. Below that we can still help, it just looks more like arranging several individual commercial policies well.
Can all my vehicles renew on the same date?
Often, yes — it is usually arranged by aligning terms as policies come up for renewal, which can take a cycle or two to complete. Whether it is possible and what it costs in the transition depends on the insurer and the vehicles involved.
Will you find me the cheapest premium?
We will review suitable available quotations and explain what differs between them, including where a lower premium is buying you less cover. We cannot guarantee the lowest price in the market, and a fleet decided purely on premium is usually the one that has an argument at claim stage.
Do you charge us a fee?
Customers do not pay Insurance Point a separate fee for guidance when arranging or renewing a policy. Some servicing transactions — ownership transfers, hypothecation updates, certain authority or insurer processes — may involve statutory, insurer or third-party charges. Any applicable cost is explained before the work begins. Our full position is on the disclosures page.
Who actually issues the policy?
The insurer does. Insurance Point is a Bengaluru insurance service office whose individually licensed IRDAI agents arrange cover and support you afterwards. The insurers our agents are appointed by are listed in our disclosures.
What happens if a vehicle is off the road for months?
Statutory third-party cover is still required while the vehicle is registered, so cancelling outright is rarely the answer. There are usually better options depending on the insurer and how long the vehicle will be idle — worth a conversation before the renewal rather than after.
Start with a look at what you have
Send us the vehicle list and current policies. We will come back with what is covered, what is not, and what is worth changing before the next renewal date — with no obligation to move anything.