Best Auto Insurance for Trucks (2024)
Full coverage auto insurance for the pickup truck, Ford F-150s, averages $110/mo, while Chevrolet Silverado 2500HD insurance averages $138/mo. Commercial auto insurance rates are higher. Read on to learn how to find the best auto insurance for trucks for both personal and commercial use.
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Daniel Walker
Licensed Auto Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Auto Insurance Agent
UPDATED: Mar 10, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Mar 10, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Truck auto insurance can be as low as $100 per month
- The value of new model trucks are in the $20,000 to $40,000 price range
- Commercial truck insurance is much different than personal auto insurance for trucks
It can be difficult to narrow down exactly how much auto insurance for trucks will cost because of the many factors that affect auto insurance rates, such as the type of truck you own, without getting a quote. A pickup truck is going to have different rates than a flatbed truck. However, knowing the factors that will impact your rates will help you find the best truck insurance possible.
Read our truck insurance guide to learn about average truck costs, the different types of auto insurance for trucks, and find cheap truck insurance for you. If you’re looking to buy auto insurance for trucks, enter your ZIP code into our free quote tool above and compare the best truck insurance rates in your area.
Find the Best Truck Auto Insurance Rates
How much is auto insurance for a truck? That answer depends on what truck you’re trying to insure, the insurer you choose, and whether or not you have a clean driving record. Pickup truck insurance rates also depend on the make and model year of the vehicle. So how much does it cost to insure a truck?
Let’s look at the monthly average truck insurance price for the ten most popular trucks on the market today. According to J. D. Power, these are the top trucks based on customer feedback and national truck sales.
Vehicle Make and Model | Collision | Comprehensive | Liability | Full Coverage |
---|---|---|---|---|
Chevrolet Colorado | $37 | $31 | $21 | $102 |
Chevrolet Silverado 1500 | $47 | $35 | $27 | $124 |
Chevrolet Silverado 2500HD | $57 | $35 | $30 | $138 |
Ford F-150 | $39 | $31 | $27 | $110 |
Ford F-Series Super Duty | $51 | $39 | $27 | $132 |
Ford Ranger | $39 | $31 | $21 | $105 |
GMC Sierra 1500 | $50 | $31 | $28 | $122 |
RAM 1500 | $47 | $35 | $30 | $127 |
RAM 3500 | $33 | $48 | $22 | $121 |
Toyota Tundra | $44 | $35 | $28 | $122 |
The cheapest trucks to insure are the Chevy Colorado, Ford Ranger, and Ford F-150. These monthly auto insurance rates are based on the latest model years of each automobile. Therefore, you probably save more than expected with a new truck.
Find our more in our vehicle guides:
Chevrolet Auto Insurance
Ford Auto Insurance
Since these trucks are the most recent, they carry higher than average values, which means collision and comprehensive coverage is worth more than liability-only auto insurance.
Cheap pickup insurance depends on the company you’re with, your age, gender, location, available insurance discounts, and several other factors. Continue reading to learn more about why pickup trucks are cheaper than most automobiles when getting auto insurance.
Comparing the Cost of Truck Insurance vs. Standard Auto Insurance
You might be wondering “Are trucks cheaper to insure than cars?” Truck owners wish it wasn’t so, but cars are generally cheaper to buy and cheaper to insure. The cost of insurance will vary drastically depending on the type of truck you purchase. There’s also a big difference between commercial and personal truck insurance. You’ll need to pay more for your commercial truck insurance than what someone has to pay for commercial insurance for a sedan.
The price can also depend on where you live, as the best states for pickup owners will have cheaper insurance rates than a state with high pickup insurance rates.
Keep in mind that the rates for full coverage are generally more expensive than liability-only insurance. If your truck is new or being financed, you'll need full coverage auto insurance.Schimri Yoyo Licensed Agent & Financial Advisor
You need to compare rates from multiple companies to save money on auto insurance. You should make some rate comparisons before you buy a truck if you’re concerned about budget issues. Knowing what your insurance costs will be is an excellent way to help you choose between truck types.
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Factors That Affect The Cost of Truck Insurance
There are several significant factors that will affect your auto insurance rates:
- Driving record: One factor is your personal driving record. This is also true for trucking companies hiring drivers; your driving record will directly affect your insurance cost. Safe driver discounts are available with some insurers. (Read More: How Auto Insurance Companies Check Driving Records)
- Truck type and coverage type: Another component is what kind of truck you are insuring. A personal vehicle will often be less expensive to insure than a commercial automobile, mainly because commercial vehicles tend to travel more, which increases the risk of an accident occurring.
- Truck usage: If you’re talking about commercial insurance, then the type of goods you’re hauling will factor in as well. For example, a company whose trucks haul livestock will have lower insurance rates than a company whose trucks haul oil, gas, dynamite, etc.
This isn’t because they’re hauling dangerous items but also because commercial insurance usually covers the products being carried as well. Often the more dangerous items have a much higher dollar value than something more benign.
Read more: 8 Best Commercial Truck Insurance Companies
For your personal vehicle, the amount of driving you to do will affect your rates, as well. Someone who drives to and from work 25 miles a day will pay less than someone who drives 120 miles a day. Other factors the insurance company will consider are:
- Age of driver
- Gender of driver
- Marital status
- Credit score
- Education level
- Make and model of vehicle
- State
- ZIP code
There are dozens of factors insurance companies will take into consideration when determining your rates. For example, newer trucks come with better safety features. Crash avoidance technologies, such as backup cameras and lane departure warning systems, may retire old truck insurance, which is more expensive today.
The Cheapest Pickup Trucks to Insure
While the price of insurance coverage for each type of truck changes from year to year, here are the five cheapest trucks to insure as of 2019:
- 2019 Nissan Frontier S 2WD King Cab
- 2019 GMC Canyon SL 2WD 4 door.
- 2019 Ford F-150 2WD
- 2019 Chevrolet Colorado 4 door 2 WD
- 2019 Toyota Tacoma SR 2WD 2 door
These trucks are all very close in insurance costs, ranging from $1,350 to $1,400 in average annual premiums for standard insurance. At this range, your average truck insurance cost per month would be quite affordable.
However, this is a very rough estimate and doesn’t take into account any of the personal information that will impact your insurance premiums. Teen drivers should expect to pay several times as much as a 40-year-old driver, no matter what truck they’re driving.
Read More:
Cost of Dodge Ram Insurance
How much does Dodge Ram 1500 insurance cost? The Dodge Ram didn’t make the list of the five cheapest trucks to insure in 2019, but it didn’t make the five most expensive trucks to insure either.
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— AutoInsurance.org (@AutoInsurance) October 23, 2023
When it comes to lowering the cost of Dodge Ram 1500 auto insurance, take advantage of any available discounts and keep your driving record clean.
Here are some of the things that can garner you a discount on your auto insurance:
- Being married
- Being college-educated
- Bundling your policies
- Maintaining a good GPA (if you’re in high school or college)
- Having good credit
- Reducing driving time
- Driving a safe vehicle
Also, a common way to save money on your premiums is by choosing a higher deductible option. Just make this move consciously. If you can’t afford a $1,000 deductible, it isn’t the right choice for you. Even if there are some good savings, if you can’t pay that amount out of pocket, those monthly savings won’t do you any good.
Comparing Auto, Truck, and Commercial Truck Insurance
There’s no noticeable difference between auto insurance and truck insurance when it comes to your personal vehicle. You’ll have access to the same coverages, the same deductibles, and the same policies, whether you’re driving a Toyota Corolla or a Dodge Ram 1500. Insurance costs will be different, but the policy basics don’t change from vehicle to vehicle.
Commercial auto insurance is an entirely different product, however. Commercial truck insurance is designed for owned by a corporation or otherwise intended for business purposes. Some examples of these policies are:
- Auto insurance for lifted trucks
- Auto insurance for garbage trucks
- Auto insurance for tow trucks
You wouldn’t buy the same auto insurance for pickup trucks that you would for a corporate fleet of dump trucks because they have two completely different purposes. The answer to “How much is truck insurance for a semi?” will not resemble the price for your pickup truck. The insurance needs of personal and commercial vehicles, including repair costs and liability levels, are vastly different from the two products that aren’t comparable.
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More About Finding the Best Auto Insurance for Trucks
Just because you drive a truck doesn’t mean you can’t get cheap auto insurance. If you do some research before making a purchase and keep your driving record clean, you can find trucks’ best insurance. Now that we’ve discussed all of the keys to getting the best truck insurance, you should be ready to roll.
How much is truck insurance per month? We can help you to find cheap auto insurance for trucks right here. Enter your ZIP code below and find quotes for affordable auto insurance for trucks in a matter of minutes.
Frequently Asked Questions
What is the best auto insurance for trucks?
For the most part, all insurance companies are capable of offering excellent auto insurance for trucks. The most important part of choosing an insurance policy is choosing the right one for your needs, not your specific vehicle.
What is the average pickup truck insurance cost per month?
The average pickup truck insurance cost is $133 a month. But remember that the cost of your truck insurance varies by the exact model of truck and the your driver profile.
But you can save time and take out the guess work. Try our free quote generator today! With a few clicks, you can get a personalized quote based on the exact truck you drive and where you live.
Are trucks more expensive to insure than cars?
Yes, trucks are typically more expensive to insure than cars. When you compare the average insurance cost of a standard truck against a standard entry-level sedan, you will find higher rates for trucks.
These higher insurance rates are based on the fact that trucks tend to cost more overall than the average car, and a vehicle’s overall value is a factor in setting insurance rates.
But, are trucks expensive to insure? No. The average truck insurance cost is only about $130 a month.
Do I need special auto insurance for lifted trucks?
To answer this question, we need to be specific are we talking about a lift truck or a lifted truck? A lift truck is a piece of warehouse equipment, often referred to as a forklift.
Lift trucks will require commercial insurance because they are not personal vehicles. Auto insurance for lifted trucks, on the other hand, is for pickup trucks that have a modified suspension to raise it much higher off the ground than a standard truck.
What does it mean to be a “mini truck” and what is the average cost for mini truck insurance?
Mini trucks, also known as utility vehicles are smaller than traditional trucks and may be used for various purposes – both for commercial and personal use.
Mini truck insurance typically offers similar coverage options as standard auto insurance policies, including:
- Liability Coverage: Helps pay for damages or injuries you cause to others in an accident.
- Collision Coverage: Helps pay for repairs to your mini truck if it’s damaged in a collision with another vehicle or object.
- Comprehensive Coverage: Helps pay for damages to your mini truck caused by events other than collisions, such as theft, vandalism, or natural disasters.
- Uninsured/Underinsured Motorist Coverage: Helps protect you if you’re involved in an accident with a driver who doesn’t have insurance or doesn’t have enough insurance to cover your damages.
- Medical Payments Coverage: Helps pay for medical expenses for you and your passengers if you’re injured in an accident.
The average annual insurance cost for a mini truck ranges from $800 to $2,000 a year. The actual cost of mini truck insurance will vary depending on factors such as the make and model of the vehicle, its usage (commercial or personal), the driver’s record, and the coverage options chosen.
Be sure to shop around and compare quotes from different insurance providers to find the best coverage at the most affordable price.
Are diesel trucks more expensive to insure?
Yes, auto insurance for diesel trucks is typically more expensive. Insurance costs will increase with the value of the vehicle no matter if you buy a sedan or a truck.
Diesel trucks cost more to manufacture, therefore diesel truck insurance is usually about 10-15% more than a standard gas truck.
A higher-priced vehicle will cost more to insure than a lower-priced vehicle.
What is the average 2018 Ford F 150 insurance cost?
The average auto insurance cost for a 2018 Ford F 150 is $1,400 annually.
Your actual premiums could be higher or lower depending on your individual circumstances, which is why it’s important to shop around and compare quotes from various providers in your area.
When do I need commercial truck insurance?
If you’re a business owner with three or more trucks, you’ll need commercial auto insurance for truck drivers or fleet insurance. Commercial auto insurance will issue rates per vehicle on one policy. You could pay as low as $1,000 per year for each automobile. That’s not including other service fees or other coverages. Shop around to afford fleet insurance rates to save money.
What is the 2005 Toyota Tacoma insurance cost?
The average auto insurance rate for a Toyota Tacoma is $112 a month for full coverage. If you opt for minimum coverage on your Tacoma you could pay as little as $45 a month.
Keep in mind that rates very greatly based on your location, age, gender, and driving history. The only way to know for sure it to get a customized car insurance quote based on your exact details.
Are there any specific requirements for commercial truck insurance?
Commercial truck insurance, which covers trucks used for business purposes, may have specific requirements imposed by state or federal regulations. These requirements may include minimum liability coverage limits, filings with regulatory authorities, and compliance with safety regulations. It’s essential to consult with an insurance professional familiar with commercial truck insurance to ensure compliance with all necessary requirements.
What is the average 6-wheeler truck insurance price?
The average cost of car insurance for a 6-wheeler truck is $2,250 per year for basic coverage. However actual premiums will vary based on the truck model and driver profile.
Obtaining quotes from insurance providers is essential to get an accurate rate for your specific situation. Start by using our free quote search tool today!
How are premiums for truck insurance calculated?
The premiums for truck insurance are determined by various factors, including the truck’s value, usage, weight, cargo type, driving record of the insured, location, and coverage limits. Insurance companies also consider factors such as the truck’s safety features, annual mileage, and any applicable discounts when calculating premiums.
Are there any discounts available for truck insurance?
Yes, there may be discounts available for truck insurance. Insurance providers often offer discounts for factors such as safe driving records, multiple policies with the same insurer, anti-theft devices, completion of driver training programs, and more. It’s advisable to inquire with the insurance provider about the available discounts specific to truck insurance.
What is a 16-wheeler truck insurance price?
The average 16-wheeler truck insurance price is $736 a monthly for specialty truckers and $1,125 monthly for transport truckers.
Aside from many other factors including the drivers age, gender, location, and driving history, the classification of the truck will impact the cost.
Here are some of the monthly average rates for 16-wheelers and commercial truck drivers:
- $416 for primary liability
- $25 for general liability
- $145 for cargo insurance
- $42 for physical damage
- $250 for workers compensation
To find rates for the average semi truck insurance cost per month, check out our free quote generator!
Can I use my personal auto insurance policy to cover my truck used for business purposes?
Personal auto insurance policies generally exclude coverage for vehicles used primarily for business purposes. If you use your truck for business, it’s important to obtain commercial truck insurance that specifically covers the vehicle’s usage, liability risks, and any cargo or equipment it carries. Failing to disclose the business use of the truck to your insurer may lead to coverage denial in the event of a claim.
Can I customize my truck insurance policy based on my specific needs?
Yes, you can typically customize your truck insurance policy based on your specific needs. Insurance providers often offer optional coverages that can be added to your policy to suit your requirements. Additionally, if you have unique circumstances or specialized equipment, working with an insurance agent who specializes in truck insurance can help you tailor the coverage to your specific needs.
Is insurance higher on diesel trucks?
Insurance is sometimes a little higher for diesel vehicles, but not because of the type of fuel they use. Diesel automobiles cost a little more than standard trucks. Therefore, they cost more to replace if they’re totaled, and they cost more to repair if you have to fix any part of the fuel system. These factors make insurance for diesel trucks a little more expensive than non-diesel vehicles.
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Enter your ZIP code below to view companies that have cheap auto insurance rates.
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Daniel Walker
Licensed Auto Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Auto Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.