Pickup trucks are some of the most common vehicles on the road. There’s a wide range of pickup models on the market, with some designed for work sites and others for high-end performance and comfort. While pickup truck insurance isn’t as expensive as coverage for sports cars or luxury vehicles, it typically costs more than insurance for a sedan.
In this article, our Guides Auto Team will discuss how to find the best pickup truck insurance and share some average coverage costs. We’ve also researched and ranked the best car insurance companies to help you find the right provider for your needs.
Pickup Truck Insurance Overview
Drivers in most states are required to carry minimum bodily injury liability and property damage liability coverage. These types of insurance pay for other parties’ damages and injuries if you cause an accident.
Many drivers choose to go beyond the legally required liability insurance and purchase a full-coverage policy. This type of protection plan features both collision insurance and comprehensive coverage. Collision coverage helps pay for damages to your truck no matter who is at fault for an accident. Comprehensive insurance covers damage caused by environmental factors, theft and vandalism.
A full-coverage auto insurance policy is the best way to fully protect your investment in a pickup truck, especially if it’s a high-end model. If you have an auto loan or lease on your truck, your lender will most likely require you to carry a full-coverage policy.
Additional Coverage for Pickup Trucks
If you use your truck to tow a trailer or other vehicles, you’ll want to check with your insurance agent to make sure you’re adequately covered. Many standard liability policies will cover damage caused by a trailer, but the coverage limits could be quite low. If your truck has any modifications, such as enhanced suspension or a roof rack, you should consider extra coverage for customized parts and accessories.
Pickup Truck Insurance Cost
The national average cost of a full-coverage car insurance policy is $144 per month or $1,730 per year. This rate is for a 35-year-old married driver with good credit and a clean driving record. You’ll find that, for the most part, coverage rates for pickup trucks are slightly higher than what you’d pay to insure a sedan.
Our team used cost estimates from Quadrant Information Services to gather the following full-coverage rates for popular 2022 pickup models. While these quotes pertain to the cost to insure a new truck, rates for older trucks will average a bit lower.
USAA and Nationwide offer the cheapest average rates for the Toyota Tundra, which is one of the more affordable pickup models to insure. However, USAA is only available to members of the military, veterans and their eligible family members.
The F-Series is a hugely popular line of pickup trucks, featuring the top-selling Ford F-150 model. USAA, Nationwide and Auto-Owners Insurance offer below-average rates to insure these models.
The Dodge Ram is another top-selling pickup model with affordable insurance rates. USAA and Nationwide offer the lowest average premiums for Dodge Ram truck drivers.
Coverage rates are a bit higher on average for the Chevy Silverado model. However, USAA, Auto-Owners Insurance, Nationwide and Geico still insure these trucks at below-average rates.
USAA and Auto-Owners Insurance offer the lowest average insurance rates for the GMC Sierra, which is a higher-end pickup model.
Factors That Affect Auto Insurance Costs
Along with the type of vehicle you drive, there are several personalized factors auto insurers weigh when setting insurance coverage rates. These are some of the key metrics that determine how much you pay to protect your car or truck:
- Location: Where you live plays a significant role in how much you pay for auto coverage. Population density and the number of claims filed in a particular location are important factors.
- Driving record: If you have a clean driving history, you’ll pay lower insurance premiums.
- Credit history: In most states, your credit score is used to show an insurer how financially responsible you are.
- Gender: In general, male drivers receive higher auto insurance quotes than female drivers.
- Marital status: Married motorists tend to pay lower rates on average than single drivers.
- Age: Teen drivers and young adults pay significantly higher insurance rates than those 30 years of age and older.
Best Pickup Truck Insurance: Conclusion
Insurance rates for pickup trucks are generally in line with the national average, although the size and type of truck will affect the price you pay for coverage. As with any other type of vehicle, the way to find the cheapest pickup truck insurance rates is to compare quotes from multiple providers.
Top Auto Insurance Recommendations
USAA offers some of the cheapest truck insurance rates for just about every model. Yet as mentioned earlier, USAA policies are available only to active military, veterans and their immediate family members. If you qualify for USAA coverage, it’s a fantastic insurance option and it’s worth contacting this company to get a truck insurance quote. For everyone else, we recommend the following top-rated companies for pickup truck insurance:
State Farm: Editor’s Choice
We pickState Farm as our Editor’s Choice due to its wide variety of coverage options and discounts. The company also received high marks for overall customer satisfaction in our August 2022 nationwide car insurance survey of nearly 7,000 respondents.
State Farm offers discounts for good students, completion of defensive driving courses, vehicle safety features and more. Through the company’s Drive Safe & Save™ usage-based program, customers can save up to 30% off their premiums for maintaining safe driving habits.
Keep reading: State Farm insurance review
Geico: Affordable for Most Drivers
Geico is known for competitive rates and high policy limits. The company has been in business for over 85 years and has a reputation for strong customer service. Geico offers ample coverage options and 16 types of discounts. The company’s good driver discount can save customers up to 26%, while its multi-vehicle discount can knock off up to 25% from customer premiums.
Keep reading: Geico insurance review
Best Pickup Truck Insurance: FAQ
Below are frequently asked questions about the best pickup truck insurance.
Because consumers rely on us to provide objective and accurate information, we created a comprehensive rating system to formulate our rankings of the best car insurance companies. We collected data on dozens of auto insurance providers to grade the companies on a wide range of ranking factors. The end result was an overall rating for each provider, with the insurers that scored the most points topping the list.
In this article, we selected companies with high overall ratings and cost ratings. The cost ratings were informed by auto insurance rate estimates generated by Quadrant Information Services and discount opportunities.
*Data accurate at time of publication.