Welcome growth.
After several years of rock bottom prices, rates in the fleet motor market are hardening rapidly. Andrew Newman looks at how clients are reacting to the increases.
The fleet motor market is experiencing a dramatic hardening in rates,with 100% increases being reported in some quarters. And not only that,
but quotes are being taken up, and renewal terms are holding.
The only consolation for fleet operators already facing other rising costs
is that rates have been at rock bottom for many years, so the market
obviously had to catch up at some time.
Peter Allott, market manager at Norwich Union, comments: "Normally the
private car rating cycle is the first to
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Personal
QuestGates: 2025 vehicle theft reduction should be welcomed by brokers
‘All vehicle’ thefts fell by 11.36%, from 102,240 in 2024 to 90,625 in 2025, according to analysis of the Driver and Vehicle Licensing Agency data for 2025 by loss adjusting firm QuestGates.
Motor claims hit £11.9bn in 2025
Motor insurers paid out £11.9bn in claims last year, according to data from the Association of British Insurers.
Grove & Dean doubles down on digital after turnover and profits slip
Motor experts Grove & Dean saw turnover shrink by 9.3% and post-tax profit fall 39.7% in the year ended 31 May 2025, but is seeing signs of improvement and momentum in the current year according to managing director Damian Collett.
Lucida and Right Choice founder Mike Joseph to retire
Lucida Group founder and chief underwriting officer Mike Joseph will retire at the end of March, the business has confirmed.
Former Allianz PL boss George joins top 100 broker
Lucida Group has appointed former Allianz personal lines broker boss Nicola George as group chief underwriting officer.
Broker Expo Roadshows coming to London, Bristol and Manchester in 2026 – sign up now
Building of the success of the Broker Expo in Birmingham, Insurance Age is going on the road in 2026.
Collinson supports digital bank Chase’s UK insurance entry
Collinson Insurance has secured a new partnership with digital bank Chase.
No price cap or zero interest order plans from FCA on premium finance
The Financial Conduct Authority has confirmed it will not introduce a price cap or order that premium finance is provided without interest, as it published its final report.