If you've ever wondered why two similar businesses pay different amounts for cover, the answer usually comes down to a handful of factors insurers weigh carefully. Understanding these can help you manage costs without cutting corners on protection.

• Type of vehicle. Larger or specialised vehicles typically cost more to insure than standard vans or cars.
• How the vehicle is used. Local deliveries carry different risk than long-haul routes or carrying hazardous goods.
• Driver age and experience. Newer or younger drivers often push premiums up, regardless of the vehicle itself.
• Claims history. Past incidents, even minor ones, can affect pricing for years afterward.
• Where the vehicle is kept overnight. Vehicles parked on secure premises usually cost less to insure than those left on the street.
• Annual mileage. Higher mileage generally means higher exposure to risk, and higher premiums.
• Security features. Trackers, immobilisers, and dash cams can sometimes reduce your commercial vehicle insurance costs.