Insurance rates in general have been mostly flat for a few years now. However, commercial auto insurance is on a rapid rate incline. There are many factors to the rate increases, but the primary driver is the new technology onboard vehicles and cost to repair them. Think about how much cars have advanced in the past few years… there are cameras, sensors, multiple screens, self parking, self driving even! A small “fender bender” that might have cost less than a thousand dollars is now averaging a few thousand dollars. Specialized labor and parts costs mean that you can’t usually repair a significant accident for less than $10,000. Insurance carriers have had to play catch up with rates in the meantime.