Fleet change
How did the owned or leased vehicle count change?
COMMERCIAL AUTO RENEWAL
Did your fleet get smaller but the premium still went up?
Vehicle count and premium do not move in a fixed relationship. A smaller fleet with a higher renewal is still a good reason to make sure the renewal reflects the vehicles, drivers, operations, losses, and coverage you have now.
I'll set the fleet change beside the renewal list and any other changes you report, then show you what to verify first.
The mismatch in direction is a reason to review, not an explanation
This check uses the fleet and renewal facts you provide to identify what can be reconciled without pretending to know why the carrier changed the premium.
- The business owns or leases fewer vehicles than it did last year.
- The renewal premium is higher.
- Other vehicle, driver, use, claim, or coverage changes may also have occurred.
Separate the visible change from the real review
The premium movement is context. The review starts with the vehicle list and any business changes behind it.
Renewal list
Does the renewal reflect the vehicles you have now?
Other changes
What changed in drivers, use, garaging, claims, or coverage?
Find what should be checked before you draw conclusions
You will see the strongest reconciliation issue supported by the facts you entered, not a guess about pricing.