- Age: Younger drivers (under the age of 25) typically pay higher insurance rates than older drivers due to their lack of experience and higher accident risk.
- Driving History: A driver with a clean driving record and no major violations will generally receive lower insurance rates compared to a driver with accidents, speeding tickets, or other moving violations on their record.
- Type of Vehicle: The cost of insurance can vary based on the type of commercial vehicle being insured. Heavier vehicles, such as semi-trucks or trailers, may have higher insurance rates compared to lighter vehicles, such as vans or pickup trucks.
- Insurance Company: Different insurance companies may offer varying rates for commercial auto insurance. It is recommended to shop around and compare quotes from multiple insurance providers to find the best rate.
Considering these factors, on average, a newly licensed CDL driver in Massachusetts can expect to pay anywhere from $3,000 to $5,000 per year for commercial auto insurance. However, it is important to note that these are just estimates and actual rates can vary significantly based on individual circumstances. It is always advisable to contact insurance companies directly or work with an insurance agent to get accurate quotes and personalized advice.
