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Several factors influence the cost of commercial auto insurance premiums:

  • Vehicle Type: Larger and more expensive vehicles generally cost more to insure.
  • Usage: The more your vehicles are used, the higher the premium, due to increased risk.
  • Location: Operating in areas with high accident rates can lead to higher premiums.
  • Driver Records: A clean driving record can help lower insurance costs.
  • According to industry reports, businesses can often find discounts by bundling policies or maintaining a good safety record2.

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