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Pay-As-You-Go Fleet Insurance

Usage-based fleet insurance with free 'fit and forget' telematics.

0330 024 0135

The Pay-as-you-go fleet Insurance Specialists

Pay-As-You-Go Fleet Insurance

Pay by the mile, make your accountant smile!

A relatively new concept, pay-as-you go fleet insurance – or usage based fleet insurance – is  increasingly popular with business owners and fleet managers.

Its attractions are obvious.

It’s flexible, is priced not by estimates but the miles actually driven and, with payments made monthly in arrears, can ease cashflow.*

What’s more we can arrange pay-as-you-go fleet insurance for vans, car, mopeds – including use for delivery or courier services – and private hire vehicles.

Free ‘fit and forget’ telematics**

The cover we arrange includes free telematics devices which you can easily install and register yourself. Simply fit and forget.

Already got telematics? No problem. Provide proof and we will arrange for the cost for the first 12 months of your pay-as-you-go insurance policy to be covered.

You’ll also be able to access a handy fleet portal.

You can use this to manage your policy and access a range of reports and insights so that you can easily monitor driver behaviour.

This will let you discreetly identify how well – or otherwise – your drivers are driving and how they might improve. Such insights can help you minimise claims – it’s worth noting that just 10% of drivers are responsible for 50% of fleet incidents.***

They can also help you encourage good driving habits to keep your drivers safe, increase fuel efficiency and reduce wear and tear on key parts such as brake pads and discs.

Free, self-install telematics devices.
Interest-free, automated monthly billing – in arrears.
Easy policy management through fleet portal.
Mixed fleet up to 200 vehicles for delivery and courier pays-as-you-go insurance (subject to referral and acceptance).
Available for van, car and moped courier and delivery fleets.*****
Driver behaviour insights – increase safety, reduce costs.
FOR OUR BEST QUOTE CALL
0330 024 0135

For the best quote chat to our friendly and informed UK based call centre team

* Deposit of 25-50% payable on policy inception, dependent upon credit rating. Costs comprise fixed base rate per vehicle, plus mileage based rate to give monthly premium. ** Telematics devices provided free. Monthly data charges apply. *** Information supplied by Zego, a trading name of Extracover Ltd. **** The standard security deposit is 50% (of monthly rate x number of vehicles), reduced to 25% where credit rating is 51 or higher. Payment plans subject to status.  ***** Minimum age, claims history and fleet size requirements vary. 

Cover provided subject to underwriting criteria. Limits, exclusions, terms and conditions apply. Please ask for details.


Other pay-as-you-go fleet insurance features & benefits include:

  • Billing based on actual mileage – more accurate, more fair
  • Better manage costs. Pay for what you use with costs aligning with demand
  • Environmental, tax compliance and trip reporting
  • Safety and security notifications

How does pays-as-you-go fleet insurance work?

It’s simple. To get you started, you’ll be provided with a free telematics device for every insured vehicle.**

Mount them in the cabin, connect to the battery and you’re good to go.

These devices will provide all the data necessary to administer your usage-based fleet insurance policy.

To guarantee connectivity and global coverage, you’ll receive a roaming SIM for every device.**

More accurate, more fair

Your premium will be calculated by adding a by-the-mile vehicle rate to a fixed fleet cost base.

That fixed base rate ensures all your vehicles are always covered, with the flexible premium meaning you’re paying for the miles actually driven, rather than an estimate.

Premiums are charged monthly in arrears, interest-free and there are no admin fees to worry about.

Actual also means accurate. Some 84% of courier fleets drive fewer miles than they estimate. Why pay for what you’re not doing?***

Better manage your costs

Your monthly costs will also mirror the peaks and troughs of demands on your business vehicles. When your miles are low (indicating your revenues are depressed), you’ll pay less.

You will also be able to agree a cap on your monthly payment – and never pay more.

Because you’ll be paying in arrears, you need to pay a fully refundable security deposit. You may be able to arrange a payment plan, depending upon the size of your deposit.****

You can also save up to 80% on any vehicles you temporarily take off the road.

Available around the clock, your fleet portal will let you easily see where you are with things and manage your policy. As well as mileage it will also deliver environmental, tax compliance and trip reports along wit safety and security notifications.


** Telematics devices provided free. Monthly data charges apply. *** Information supplied by Zego, a trading name of Extracover Ltd. **** The standard security deposit is 50% (of monthly rate x number of vehicles), reduced to 25% where credit rating is 51 or higher. Payment plans subject to status.  ***** Minimum age, claims history and fleet size requirements vary. 

Cover provided subject to underwriting criteria. Limits, exclusions, terms and conditions apply. Please ask for details.

WE PREFER TO TALK

WHY CHOOSE PRINCIPAL INSURANCE?

Because we put our policyholders first, we now serve around 40,000 motorcyclists, motorists, classic car enthusiasts, van drivers, couriers, motorhome owners, homeowners and motor trade professionals nationally.

Whilst we embrace the latest quote and administration technologies, you might say we’re a bit old school.

That’s because we’d prefer to talk to you in order to get the best possible understanding of your needs. That then means we are properly equipped to seek out the best deal for you from our extensive panel of leading UK insurers.*

What’s more we are able to give motorbike insurance, car, van, motorhome, multi-vehicle, home and commercial insurance quotes.

Our impressive growth has been achieved not through multi-million pound marketing campaigns but by delivering old fashioned service.

That can mean finding you the lowest possible insurance quote from our panel of insurers or, if you need make a claim, ensuring that you have access to specialist assistance so that the process is as prompt and painless as possible.

We’re a company with personality, one that instead of demanding staff always follow stringent call scripts and call length targets, encourages them to chat so they can provide you with the highest quality of service.


An independent broker, we source the best quotes from the UK’s leading specialist insurers.
With no call length targets, our experts take the time to find you the best deal.
We’re here to help – with dedicated claims and customer service support.
Our quotes hotline open weekdays 9.00am-6.00pm and Saturdays 9am-1pm.

DON”T JUST TAKE OUR WORD

WHAT OUR CUSTOMERS SAY ABOUT US

Excellent, in every aspect , Effortless, swift and competitive insurance obtained for my campervan. Super service received by Ashley whom dealt with my call, so refreshing to deal with an agent with great communication skills. He was extremely polite , genuine and patient. A real credit to your company . Highly recommended.
Anna James
October 23, 2023
Very strait forward and no hidden costs at the end of the purchase. If they don’t increase their price for next year, I’ll use them again.
Peter Beby
October 14, 2023
Very professional and friendly service from Sam , made everything very clear and straightforward Follow up call with Taher also extremely good and query quickly and efficiently dealt with
John
October 19, 2023
Very professional approach by Joe who took my call. I was concerned over an email I’d had inviting me to click on a link. He understood and we sorted everything out. Good people for customer service which is sadly lacking these days by other companies. Will use Principal again. Thanks
Roger Saxon
October 13, 2023
Taz this guy was so helpful, kept me informed all the way through, even got my quote £300 cheaper than online. I feel like I should send him a gift card or something to say thank you. Best experience I’ve ever had getting insurance. Top man someone give a promotion!
Cash Jones
October 11, 2023
Very professional approach by Joe who took my call. I was concerned over an email I’d had inviting me to click on a link. He understood and we sorted everything out. Good people for customer service which is sadly lacking these days by other companies. Will use Principal again. Thanks
Neil Hatch
October 12, 2023
Excellent
1,355 Reviews
FOR OUR BEST QUOTE CALL

For the best quote chat to our friendly and informed UK based call centre team