Overview

IBISWorld’s Commercial Auto & Truck Insurance procurement research is intended to help you save time and money in the initial research stages of the buying process. Our data and analysis explain the characteristics, pricing dynamics, supply chain risks and negotiation tactics of Commercial Auto & Truck Insurance to help your company negotiate strategically with suppliers. Our report insights also give your company the credibility to work with internal stakeholders and executives to better manage the sourcing process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard
REPORT SNAPSHOT

Commercial Auto & Truck Insurance - Recent Price Trend

During the three years to 2017, the average price of commercial auto and truck insurance has been increasing at an estimated annualized rate of 1.7%. This price growth is primarily the result of strengthening demand. However, rising overhead costs have also contributed to the rise in premiums.In the past three years, the number of businesses and the number of vehicle registrations have been...

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Commercial Auto & Truck Insurance - Total Cost of Ownership

The total cost of ownership for commercial auto and truck insurance is low. In general, buyers should expect to pay less than 50.0% of the benchmark price in additional costs. Fortunately for buyers, low total cost of ownership often makes it easier to budget for purchases.Buyers face minimal additional costs when purchasing commercial auto and truck insurance. After initially acquiring...

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About this Report

This report is intended to assist buyers of commercial auto and truck insurance. Buyers include 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. Providers include insurance carriers and agents or brokers. This report does not include cargo insurance, commercial property insurance or general liability insurance.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Regulation
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
  Imports
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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