Hunter NelsonOwner of Nelson Insurance Agency

Fleet Insurance: Understanding Different Company Requirements (Trucks)

28 May 2025 · 1 min

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0:45

Short YouTube video (Hunter Nelson) explaining that insurance companies define "fleet" differently—some treat five trucks as a fleet, others ten, while some programs require 50 or even 500 trucks. The speaker notes that a fleet of roughly 50 trucks may incur annual insurance costs exceeding $250,000–$500,000 and suggests captive insurance (creating your own insurance company) as a possible alternative.

Questions this video answers

Varies by company: some count 5 trucks (commercial auto carriers), some count 10 trucks, and some programs require 50 or 500 trucks.

If you are ~50 trucks, you're paying over $250,000–$500,000 per year.

Chapters

So when you're getting into fleets, you got to remember that every single different, every single insurance company is looking at fleets at a different way. Some are going to count fleet as 10 trucks. There's commercial auto carriers can count as five trucks. Some, some of them will. And some of these guys are going to say, hey, to join our program because we'll insure big fleets. We're gonna need 50 trucks. We're gonna need 500 trucks, something along those lines, right? So it depends. Company, company, if you are 50 or so trucks, you're paying over 250 thousand a year. 500 thousand a year. I do have a video on captive insurance, which might be a good option for you. So go watch that, because captive insurance is where you're going to create your own insurance company and you're going to get a say in everything that's going on.