What does collective discount on car insurance mean?

On a car insurance You can get a discount if your employer or organisation has made collective agreements with an insurance company. This is also called collective discount mentioned. What does it mean and in what situations can you get it?

Collective discount on company cars

The premium of a collective car insurance is usually lower than the premium for a regular car insurance. This makes it attractive to take out collective car insurance, especially for companies. However, this type of insurance is not offered by every insurance company. There are many companies that own several cars. If they choose to take out collective car insurance, the premium is generally lower. Furthermore, agreements are made about the premium, the excess, the conditions and the coverage. This is laid down in a so-called group overview.

The coverages for a collective car insurance are basically the standard coverages for a car insurance, namely: third party liability, third party limited case and all-risk.

Private car with group discount

Companies can choose to insure not only company cars, but also private cars of, for instance, employees collectively. It is sometimes even possible to insure the cars of other family members as well. When companies insure both company cars and private cars collectively, this is called mixed collectivity. Employees (and any family members) pay the premium directly to the insurer. Claims also go through the insurer, without the intervention of the employer.

Premium determining factors

When you take out collective car insurance, a number of matters play an important role in determining the premium. These include the number of cars to be insured, the types of vehicles and any items to be transported.

Collective car insurance

Collective auto insurance doesn't just save you money. It also saves an insurance company time and money because they can easily review multiple contracts at once.
Because insurance companies incur fewer costs with group car insurance, they are generally in favor of purchasing group car insurance.

Would you like more information about collective car insurance and whether this is a good option for you? Then get in touch with us. We will be happy to help you! If you have any other questions about car insurance, we are also happy to help. You can reach us from Monday to Friday between 08:00 and 18:00 on telephone number 088-6883700.