Commercial Auto premiums are based on many different factors.
Insurance companies may consider:
Driver Information
- Age
- Driving experience
- License status
- Accidents
- Violations
- MVR history
Vehicle Information
- Year
- Make
- Model
- VIN
- Vehicle value
- Vehicle weight
- Safety features
- Cost to repair
Business Use
- Type of business
- How the vehicle is used
- Materials carried
- Equipment carried
- Frequency of use
Territory
- Garaging location
- Where vehicles operate
- Driving radius
- Urban vs. suburban exposure
Coverage
- Liability limits
- Comprehensive deductible
- Collision deductible
- Uninsured/Underinsured Motorist limits
- Hired Auto
- Non-Owned Auto
- Umbrella requirements
Loss History
Past claims can significantly affect the premium.