6 Factors Driving Commercial Auto Losses

A variety of trends have contributed to the rise of commercial auto losses. These trends have contributed to a difficult market for buyers of commercial auto insurance. Here is a look at the most significant factors driving commercial auto losses across the country.

  • More Vehicles on the road--A record number of vehicles on the road means more traffic and congestion, which increases the risk of collisions.
  • Distracted driving--Today's drivers face more distractions than ever before. Distracted driving can reduce awareness, decision-making and performance that can result in an accident.
  • Driver shortage--A shortage of experienced commercial drivers has caused employers to hire people with less experience. Newer drivers are more likely to get into accidents.
  • Litigation trends--Lawyers are getting involved in more and more auto claims. This litigation drives the cost of claims. What's more, trial verdicts related to motor vehicle crashes by auto incidents exceed coverage limits.
  • Increased vehicle repair costs--While technological advancements have made vehicles safer and more efficient, they also increase vehicle repair costs.


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