Commercial Fleet Insurance in Ontario

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Written by Nolan Wilson Updated on October 17, 2025 min read

Find the lowest fleet insurance rates in Ontario

You can get a fleet insurance policy if your business uses multiple vehicles. Commercial fleet insurance is a viable option for businesses that use multiple vehicles. It can simplify your insurance needs and save you money. The more vehicles you own, the greater the liability risk and unexpected losses. While fleets are often associated with delivery or service-based companies, they apply to all types of vehicles - trucks, vans, cars, and all types of businesses.,

At ThinkInsure, our commercial vehicle insurance brokers will help you find affordable fleet insurance solutions. Get the correct type of coverage for ALL of your business vehicles. Get a fleet insurance quote today!

Top things to know about fleet insurance

Fleet insurance is designed for businesses with five or more vehicles and covers all commercial vehicles and employees who drive them under a single policy.
Fleet insurance policies provide standard auto coverage like third-party liability, accident benefits, and uninsured motorist coverage, with options to add collision and comprehensive coverage.
Fleet insurance is typically more affordable than commercial vehicle coverage.
Factors influencing the cost of fleet insurance include the size and type of vehicles, how they are used, employee driving records, and coverage limits.
Fleet vehicles cannot be used for personal use without additional coverage.

How to get fleet insurance quotes

You can find insurance for your fleet of vehicles by following these simple steps:

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Provide some details about your company and requirements.

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Choose from the best quotes from the top insurers in Canada.

Select the lowest rate and policy

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What is fleet insurance?

Commercial fleet insurance is a business insurance policy designed for companies with five or more vehicles. It allows you to cover all your commercial vehicles and employees who drive them under a single policy. It simplifies the management of your commercial fleet and can save you money on your premiums.

Personal vehicles do not qualify for fleet insurance coverage. It’s a commercial auto insurance policy.

What businesses need fleet insurance?

Fleet insurance policies are for businesses with multiple vehicles. This coverage applies to businesses of all types and sizes. It also applies to all kinds of vehicles, including trucks, vans, cars, and others. Most associate fleet insurance with transportation companies. Some of the most common companies that have a fleet policy include:

Delivery services
Moving companies
Contractors
Taxi and car service
Sales reps
Auto dealers
and many others

Speak with our commercial insurance brokers to see if your company qualifies for fleet coverage.

How does fleet insurance coverage work?

Fleet insurance coverage works similarly to standard car insurance policies. The only difference is that it’s designed for businesses, and you require a minimum number of vehicles to qualify. Fleet insurance allows you to have a single policy for all your vehicles. You can add or remove vehicles from your policy as needed. Vehicles can be leased, financed or owned.

How many vehicles are needed for fleet insurance?

Fleet insurance requirements can vary by insurer. In Ontario, a fleet is commonly defined as a minimum of 5 vehicles under ownership and used for business purposes. There typically isn’t a cap on the number of vehicles you can include in your plan.

What does fleet insurance cover?

A fleet insurance policy provides the same type of coverage as a personal Ontario car insurance policy. It includes these standard types of protection that are part of all mandatory auto coverage:

You will also have options to add additional coverage, such collision insurance and comprehensive. Many businesses add additional liability coverage. Other specific policy add-ons may be required depending on how your vehicle is used, your industry, and your type of business.

How much does commercial fleet insurance cost?

Several row of white commercial cars vans and trucks parked in parking lot

Fleet insurance policies are customized to meet the specific driving needs of the business. The average fleet insurance cost is variable based on the size of your fleet, type of vehicles, how your vehicles are used, coverage limits and other factors. The best way to get a sense of the average price of fleet insurance is to request a quote from our insurance experts.

What are the top factors affecting fleet insurance premiums?

Several key factors significantly influence the premium you pay for fleet insurance. Understanding these elements can help you manage costs and ensure adequate coverage for your vehicles. These factors include:

Your insurance history
Your industry and how vehicles are used
Types of goods/tools/materials being transported
The type(s) of vehicles being insured
Employee's driving record and experience
Vehicle value
Business location and how vehicles are parked at night
The number of kilometres you drive
Policy terms - coverage limits, deductibles

What are the benefits of commercial auto fleet insurance?

Commercial auto fleet insurance policies offer businesses a number of essential benefits. You can modify coverage, qualify for discounts, and make it easier to manage your coverage. Top benefits include:

Custom coverage: Cater your policy to include the coverage you need for all your business vehicles.
All-in-one policy: Cover all your business vehicles under a single fleet insurance policy.
Easier policy management: You will only need to manage one policy for all your vehicles.
Volume discount: Take advantage of cost savings and discounts with a fleet insurance policy.

How do I get affordable fleet insurance?

There are a number of steps you can take to ensure you get the cheapest fleet insurance coverage. Save on your fleet insurance premiums by limiting who can drive, bundling vehicles, choosing insurance-friendly vehicles, adding vehicle safety features and telematics, and comparing quotes annually.

Limit who can drive: Limiting those who can drive fleet vehicles can make a big difference. Limit access to drivers over 25 with a clean driving record. Vet drivers before hiring them.
Bundle all vehicles: Include all of your business vehicles under your fleet policy to get the best savings.
Choose insurance-friendly vehicles: The vehicles you use for business matters. The make, model, reliability, and safety are all factored in when rates are determined.
Add vehicle safety features: Adding theft and security features to your vehicles will help you save.
Add telematics: Usage-based insurance and telematics devices can qualify your fleet for a discount.
Compare fleet insurance quotes annually: Get a fleet insurance quote annually to assess your coverage needs and options. More cost-saving opportunities may become available.

Fleet insurance vs commercial vehicle insurance - What’s the difference?

Commercial auto insurance is similar to a personal insurance policy in the sense that it offers similar coverage, it’s just registered under the business. Fleet insurance is registered under your business name and includes all vehicles you use for operations. The main difference is the number of vehicles in the policy.

Is it up to my employer to put me on fleet insurance?

Yes, employers are responsible for ensuring that all the drivers who use company vehicles are listed on the fleet insurance policy. Company cars are typically insured by the company that owns them, usually as part of a fleet insurance policy.

There are situations where employees may use their own vehicle for business purposes. Speak with your employer to ensure you are adequately insured.

From the business owners perspective, organizations need to consider non-owned automobile liability for employees using personal vehicles for business, as the company could still be held responsible.

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Fleet insurance FAQ

Is fleet insurance cheaper than separate policies?

Yes. Typically, fleet insurance is cheaper than a standard business car insurance policy. Insurers apply a volume discount to lower the overall cost of the policy. The average cost per vehicle will be lower under a fleet policy.

How many cars do you need for fleet insurance?

Typically, you will need 5 business cars to qualify for fleet insurance. This number can vary by insurance provider. Speak with your insurer to get clarification about the number of vehicles they require to qualify for a fleet policy.

Does fleet insurance cover personal use of the vehicles?

No. Fleet vehicles cannot be used for personal use. If you want to use a fleet vehicle for personal purposes, you need to add a personal policy to cover you when you are not using the vehicle for work.

Who can drive on fleet insurance?

Only employees who are listed on the fleet insurance policy will be covered. Make sure all employees who plan to use your business vehicles are on your fleet insurance policy.

Can I get fleet insurance with 2 vehicles?

It’s very rare for an insurer to offer a fleet insurance policy for only 2 vehicles. The standard is a minimum of 5 vehicles.

How do you get fleet pricing?

Our ThinkInsure insurance experts can help you save money on your business vehicle insurance with a fleet policy. Speak with us today to explore your options and take advantage of fleet pricing discounts.

Get a quote for fleet insurance today

Are you looking to buy fleet insurance? We can help you quickly compare fleet insurance quotes and find affordable coverage to protect your business vehicles.

Speak with us today. Call 1-855-550-5515 or request a quote online, and we’ll be happy to help.

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Nolan Wilson

Content Marketing Manager

Nolan is a content marketing manager and writer at ThinkInsure. He has 15+ years of experience in the insurance industry, working with brokerages and direct insurers to create compelling insurance content, specializing in auto, home, and commercial.

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