In fleet policy rating, what is another term for the average rate?

In fleet policy rating, the term that signifies the average rate is commonly referred to as the "flat rate." This flat rate is a uniform price applied across a fleet of vehicles, allowing insurers to simplify the pricing process for commercial clients with multiple vehicles. Rather than calculating premiums on an individual basis for each vehicle, a flat rate provides a standardized approach, facilitating easier management of costs related to insuring a fleet.

The other terms, while relevant in different contexts, do not specifically denote the average rate in fleet rating. A standard rate might imply a typical charge used across the insurance industry, a base rate often refers to a minimum premium level, and market rate typically reflects what is prevalent in the industry based on competition and demand rather than a calculated average for a specific fleet.