How do insurance providers calculate premiums for fleet policies?

Premiums are based on multiple factors:

• Number of vehicles and type (car, van, truck)

• Vehicle usage (personal, commercial, delivery routes)

• Driver experience and claims history

• Coverage level and deductibles

• Location and risk exposure

Example: A fleet of 5 trucks used for long-distance delivery will have higher premiums than 5 local office vehicles due to increased risk exposure.