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Commercial Auto & Truck Insurance Procurement Research Report | Published: Dec 2015

Helping businesses make better purchasing decisions, faster

Commercial Auto & Truck Insurance: Procurement Research Report Highlights

Benchmark Price RFP/RFQ/Negotiation Questions
3-year Price Forecast Supply Chain Analysis
Supplier Intelligence Sample Buyer Decision Scorecard
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IBISWorld’s Procurement Research Reports cover thousands of indirect purchasing lines. Our data and analysis help you strategically engage and negotiate with suppliers and give you the credibility to work with internal stakeholders and executives. IBISWorld’s Commercial Auto & Truck Insurance procurement research provides price trends and forecasts, supplier benchmarks and negotiation questions all intended to give your company leverage during the sourcing process.

Report Snapshot
Price Forecast & Benchmarking
Benchmark Price
Benchmark Price
Price Change 12-15
IBISWorld Buyer
Power Score
Profit Benchmark
Profit Benchmark
Price Change 15-18
Price Change
Commercial Auto & Truck Insurance - Recent Price Trend

During the three years to 2015, the average price for one year of commercial vehicle insurance coverage has risen at an estimated annualized rate of 1.3%, from $9,535 per vehicle to $9,900 per vehicle. Rising overhead and wage costs have contributed to this price growth. Suppliers have passed on these costs to buyers in the form of higher premium rates to protect profit margins. Suppliers have... purchase to read more

Commercial Auto & Truck Insurance - Total Cost of Ownership

The total cost of ownership for commercial vehicle insurance is moderate. To purchase commercial vehicle insurance, buyers have many acquisition costs. Buyers must invest at least a month's worth of time and labor to purchase insurance. Acquisition costs include communicating needs to potential suppliers, negotiating with suppliers and selecting the appropriate supplier. In addition, once a... purchase to read more


About This ReportRelated ReportsTable of Contents

This report is intended to assist buyers of commercial auto and truck insurance. Buyers are businesses that use vehicles for commercial functions, such as errands, sales calls, cargo transportation, construction and passenger transportation. Similar to consumer vehicle insurance, commercial vehicle insurance provides financial protection against physical damage, bodily injury and liabilities that could arise from traffic collisions, natural disasters and theft. This insurance includes coverage for cars, vans and trucks, which range from pickup trucks to semitrucks. Insurance providers are insurance carriers, and agents or brokers act as intermediaries between carriers and buyers. This report does not include cargo insurance, commercial property insurance or general liability insurance.

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