🚚 Commercial Auto Insurance in Canada: What’s Driving Pricing Trends in 2025?
Whether you’re managing a fleet of delivery vans, service trucks, or construction vehicles, commercial auto insurance has become a growing expense for Canadian businesses. Understanding what’s behind the rate increases is essential to protecting your bottom line.
📈 Why Are Rates Rising?
• Inflation in vehicle repair and replacement costs
• Ongoing parts shortages and extended repair times
• Increased frequency and severity of claims
• Distracted driving contributing to higher accident rates
• Advanced vehicle technology pushing up repair bills
🚦 Industry-Specific Impacts
• Contractors and trades are seeing premium hikes due to tools and equipment stored in vehicles
• Delivery and logistics operators are under pressure from usage-based pricing models
• Ride-sharing and courier services face heightened scrutiny from insurers
💡 How to Stay Ahead
✅ Implement driver safety training and telematics to reduce risk
✅ Keep thorough, up-to-date maintenance records
✅ Explore fleet-rated or usage-based insurance options
✅ Review coverage limits, deductibles, and policy endorsements with your broker
✅ Consider bundling policies to maximize pricing leverage
📊 In today’s environment, managing risk with data is just as important as shopping for price. Insurance is no longer just a safety net—it’s a strategic component of business operations.
🚗 When was the last time you reviewed your commercial auto policy?
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