Insurance is one of the most significant operating costs for Ontario fleet owners.

Required Coverage

Third-Party Liability

- Minimum required: $200,000 (Ontario law) - Recommended: $2 million for delivery fleets

Collision Coverage

Covers damage to your vehicle in an accident, regardless of fault.

Cargo Insurance

Covers goods in transit if damaged or stolen during delivery. Critical for delivery fleets.

Fleet Insurance

Once you have 3+ vehicles, fleet insurance is typically more cost-effective than individual policies.

Insurance Costs by Fleet Size

| Fleet Size | Estimated Monthly Premium | |---|---| | 1 vehicle (cargo van) | $400-$700 | | 3 vehicles (fleet policy) | $1,200-$2,400 | | 5 vehicles (fleet policy) | $1,800-$3,500 | [Start Your Fleet With GoGedit](/be-a-driver) | [Fleet Owner Income Guide Ontario](/blog/fleet-owner-income-guide-ontario)