While trucks are big in size, it doesn ’ t mean their indemnity premiums have to be a budget fellow. We ran the numbers and many trucks are cheaper to insure than sedans. The average truck insurance cost nationwide in 2020 is $ 1,750 compared to the average for cars at $ 2,209. That comes to a 26 % savings for hand truck insurance over car policy .
Pickup trucks come in a wide variety show of choices, from the basic working grow truck to a decked-out luxury ride that is good for commuting or a night out on the town with your special person .
Obviously, the big decked out luxury trucks will cost a reasonably penny to insure. The most expensive pickup truck in our study is 6 % more expensive than the national average for cars and an astounding 67 % more expensive than the cheapest truck in our study .
Here are the top five cheapest and most expensive pickup trucks to insure in 2020 .
Key Takeaways
- Trucks may be bigger in size, but that doesn’t necessarily mean a bigger insurance premium.
- Some trucks are even cheaper to insure than sedans, with the average cost nationwide in 2020 at $1,750, compared to cars at $2,209
- Among the cheapest trucks to insure are the GMC Canyon SL 2WD Extended Cab 4 door and the Nissan Frontier S 2WD King Cab
- The most expensive pickup truck to insure in this survey is the Ford F-450 SD King Ranch Crew 4WD Turbo Diesel
- The most expensive truck in the study is 67% more to insure than the least expensive
The cheapest pickup trucks to insure
This list of the most low-cost trucks to insure is made up about entirely of half-ton trucks that sport two-wheel drive. These nucleotide models are light are on technical school features and bells and whistles, but they get the job done and are easy to insure .
2020 GMC Canyon SL 2WD Extended Cab 4 door
The GMC Canyon moved up from the number two spot to capture the peak topographic point for cheap pickup to insure in 2020. This is the base model of this midsize tone arm. The GMC Canyon is a reliable, solid, compress pickup truck that comes with excellent fuel economy ratings a well as better than average tow capacity. The Canyon has long been a basic on cheap trucks to insure lists and has a base price that starts around $ 22,000 .
2020 Nissan Frontier S 2WD King Cab
The Frontier is a long-run penis of our cheap pickup to insure tilt. It topped the most low-cost list in 2017, took second place in 2018, climbed back to first place in 2019 and is now phone number two again. The Frontier S is Nissan ’ s entry level pickup .
It comes with a solid engine, comfortable ride and a world class dependability rate. The Frontier comes with a cargo capability of 900 pounds and can tow up to 3,800 pounds. Nissan has produced the Frontier since 2014 so there should be an ample provide of parts to keep repair costs low, which helps keep policy rates affordable .
however, the inner of the Frontier is a moment dated and lacks some of the documentary and driver aid features that other pickups in this class come with standard. The Frontier starts at around $ 26,000 .
2020 Ford Ranger XLT
The Ranger is raw to our list and is the merely one-ton hand truck on the bum to insure slope of our rankings. Ford is surely no strange to our list though. This year they managed to put five vehicles on our list, two on the least expensive side and another three on the most expensive to insure side .
The Ranger returned to the market final year and the XLT is the mid-range trim, falling between the basis XL and the much more expensive Lariat. The XLT is nicely equipped with batch of condom features that help keep indemnity costs humble. The herculean turbo charged engine is flying and allows the XLT to tow up to 3500 pounds .
However, there are a few downsides to the Ranger. Critics complained about the depend on choice arsenic good as a miss of storage in the cab while besides claiming it is less capable off-road then some of its competitors .
2020 Chevrolet Colorado Extended Cab 2WD
This is the second gear class in a row the Colorado finished one-fourth in our rankings. The Chevy Colorado frequently hits cheapest newfangled trucks to insure lists and is the baby vehicle of the crown of the stack fomite, the GMC Canyon. This is the base model of the Colorado batting order and comes with a four-cylinder locomotive with towing capacity up to 3500 pounds .
The Colorado is well reviewed by experts who love its ride and documentary arrangement but have issues with its inner finishes that feel a act bum. The Colorado starts at around $ 22,000 .
2020 Ford F-150XL
The F-150 drops two spots to round out the top five. The F-150 is the only truck in the top five that comes with a V-6 but the abundance of parts available for these trucks ( it has been around in one shape or another since 1948 ) help make it very brassy to insure .
The F-150 comes loaded with a variety of documentary features a well as advanced guard systems. Standard across all trim levels is a 4G LTE Wi-Fi hot spot deoxyadenosine monophosphate well as pre-collision assist with automatic brake .
Insurers love promote guard features as they help prevent accidents and claims which is why vehicles equipped with these systems are typically cheaper to insure .
The most expensive pickup trucks to insure
On the costly english of our list you will find big three-quarter short ton or one-ton trucks that come with four-wheel drive, turbo diesel engines and enough of high-end features in the technical school and guard department. These trucks besides come with pretty brawny price tags, ranging up to $ 90,000 .
2020 Ford F-450 SD King Ranch Crew 4WD Turbo Diesel
This is the second base class in a rowing that the King Ranch has grabbed the brass ring when it comes to most expensive truck to insure and is one of three pickups that Ford has on the costly to insure side our list .
The King Ranch is a one-ton hand truck that comes with a turbo diesel under the hood arsenic well as four-wheel drive. It is loaded with luxury features such as preview tow television camera and accompaniment serve, heated seats and wireless charging diggings. Advanced guard features such as Pre-Collision Assist with Automatic Emergency Braking ( AEB ) and Forward Collision Warning besides come criterion .
The King Ranch can pull 21,000 pounds and pricing starts around $ 77,000 so you will need a big budget for both the truck and the policy premium .
2020 Ford F-350 SD Limited
This big Ford pickup stayed in second gear place this year but bumped up the trimming floor to Limited from the Lariat which was phone number two last year. The limited comes with an even bigger price chase than the King Ranch, starting at about $ 90,000 .
The F-350 Limited is powered by a 6.7L Power Stroke V-8 Turbo Diesel that cranks out 475 horsepower. It is loaded with engineering that makes cruising around town or long road trips easy and playfulness. A outback startle system means you can warm up the car on cold days and the upscale B & O Play® Premium audio system combined with SNYC 3 allows you to voice control the navigation, voice system and other features .
2020 Dodge Ram 2500 Limited
The Dodge Ram 2500 is a newcomer to our number this class and it ’ s not the entirely Ram on the expensive side of the daybook. The 2500 Limited comes standard with a 6.4L Hemi but this version has the upgrade 6.7 Turbo Diesel which pushes the get down price up to around $ 70,000 which is a act of a bargain compared to the other vehicles on the list .
The Ram is not equally deluxe on the at heart as the Ford ’ south but comes with a leather inside, Uconnect® 12-Inch with Navigation a good as a number of advance safety systems such as blind-spot w/tag trailer & cross-path signal detection, electronic roll out extenuation and electronic constancy control condition .
Ford F-250 SD Limited 4WD Turbo Diesel
The F-250 SD Limited takes the fourth place spot for the second year in a course. This four-wheel drive turbo diesel puts out 475 horsepower and can tow up to 20,000 pounds making it a perfect choice for a fifth rack or other big travel trailer .
The F-250 comes with a number of advanced condom features and the high-end inside that you would expect at this price compass point. luxury and world power come with a price, the F-250 SD starts at around $ 83,000 and you will have a goodly insurance poster to boot .
Dodge Ram 1500 Classic Laramie
The Ram 1500 Laramie is the irregular Ram newcomer to make our expensive to insure number. This is the alone half-ton truck in the circus tent five and is a bargain compared to the others with a start price of lone $ 51,000 .
The turbo diesel is a $ 5,000 upgrade and allows the 1500 to pull roughly 10,000 pounds which is dramatically less than many of the early pickups on our list. It is well equipped with a Uconnect® 4C NAV with 8.4-Inch Display sound organization arsenic good as numerous safety features. While not a epicurean as some of the early rides, it is still considered a luxury truck .
Why is truck insurance cheaper than car insurance?
Trucks tend to be less expensive to insure than cars due to a kind of reasons :
- Popular in the country: Trucks are always popular in rural areas, and rural areas tend to have less traffic which leads to fewer accidents and claims.
- Cheap to repair: Pickups are often cheaper to insure than other vehicles due to the fact that the bed of the truck is usually made of sheet metal or aluminum and doesn’t contain any expensive components that have to be replaced after an accident. There are also plenty of parts available due to their popularity.
- Big in size: Many pickups are fairly large which means they are more likely to protect the occupants and better absorb the crash impact than a car. This brings down the collision coverage costs but may also stoke the liability costs as a bigger vehicle can do more damage to others.
- Base models are basic: Base models don’t come with the standard bells and whistles that many base model sedans carry. These base model pickups have lower insurance premiums since there are not lots of pricey high-tech parts and features that jack up repair costs.
Don’t forget to budget for truck insurance
Regardless of whether you are buying a bare-bones base model or luxury pickup hand truck with a huge turbo diesel under the hood, you should always research the cost of insurance before buy and build it into your budget .
policy can up the monthly cost of your fomite and in some cases, push it into unaffordable district. It is never fun to find your dream hand truck and then realize you can ’ thyroxine afford it due to senior high school policy costs .
It ’ second reasonably simple to check national and state-by-state average rates for most 2020 pickup trucks before you go shopping and our lists will give you a commodity idea of what you can expect from numerous models .
If you decide your fare needs are well met by another type of vehicle, check out our usher to insuring all types of new vehicles and see the national and state of matter average premiums for 2020 vehicles .
Remember, it ’ south best to compare truck indemnity quotes from at least three different policy companies and always make surely you are comparing apples to apples when it comes to coverage levels and deductibles. While the price you pay for coverage is always significant, a bargain basement premium is never a bargain if the insurance company is unmanageable to deal with or delays the claims summons. Be sure to check out company reviews and complaint ratios so you know that the ship’s company is reliable .
Methodology
Insure.com in 2020 commissioned Quadrant Information Services to calculate average car policy rates for 2020 models. Averages were calculated using data from six big carriers, such as Allstate, Farmers, GEICO, Nationwide, Progressive and State Farm, in 10 ZIP codes per department of state. not all models were available, particularly alien cars. More than 3,000 models are included in the 2020 study. This article includes rate data on good the five most and least expensive pickups to insure .
The policy costs listed here reflect the average of what an unmarried 40-year-old male can expect to pay for a year ’ s worth of coverage if he commutes 12 miles to work each weekday, has a blank drive record and good credit. Estimates besides assume drivers get “ 100/300/50 ” policies ( $ 100,000 injury liability for one person, $ 300,000 for all injuries and $ 50,000 per accident for property price ), plus collision and comprehensive coverage with $ 500 deductibles .
All price figures refer to manufacturer ’ mho suggested retail price for a given model ’ randomness indicated trim course, excluding options, rebates and finish fees.
All photos courtesy of fomite manufacturers .
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