The Best Cheap Car Insurance for Trucks (2023)
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As of October 2021, truck insurance costs an average of $1,370. However, actual prices can vary widely depending on different factors like the type of truck, how you store it, what it’s used for and where you live.
There’s a wide range of trucks. Some are more industrial and used for work, while others have high-end performance features. In comparison, luxury trucks can lead to more expensive full coverage car insurance than other trucks because specialized components are more costly to repair or replace.
That said, trucks are, for the most part, still relatively cheaper to insure than some other types of vehicles. For instance, insurance for a Toyota Tacoma costs an average of $1,181 per year. A similar policy costs an average of $2,810 for a BMW-i8, more than double the cost for a Tacoma.
Generally, truck insurance rates aren’t as high as auto insurance premiums for luxury vehicles and sports cars. However, comparing quotes can help you save more money and find the best policy for your truck.
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Key Takeaways
The average cost of auto insurance for trucks is $1,370. However, various factors like the type of truck, what it’s used for and where you live affect your premium prices.
Truck insurance costs can vary greatly depending on the insurance provider. One insurer can provide a more expensive quote than another company for the same vehicle and policy type.
There are different coverage types truck owners can buy. It’s important to consider your circumstances and needs as a driver to find the best coverage.
How Much Is Car Insurance for Trucks?
On average, auto insurance for trucks costs $1,370 per year as of October 2021. However, several factors can affect actual premium prices, as some types of trucks cost much more to insure than others.
For instance, the cheapest to insure among popular trucks is a Nissan Frontier. The average annual cost of insurance for this type of truck is $1,120. The average auto insurance premium for a Dodge Ram 2500, the most expensive truck to insure, is $1,440 per year.
Check out the table below to see the average annual cost of insurance for your truck.
The Average Cost of Truck Insurance
Type of Truck | Average Annual Cost of Insurance |
|---|---|
Nissan Frontier | $1,120 |
Toyota Tacoma | $1,181 |
Ford F150 | $1,184 |
Toyota Tundra | $1,200 |
Chevrolet Silverado | $1,237 |
Honda Ridgeline | $1,247 |
Jeep Gladiator | $1,355 |
Dodge Ram Rebel | $1,368 |
Dodge Ram 2500 | $1,440 |
The Best Cheap Truck Insurance by Vehicle
The company you choose will affect your auto insurance costs. To find cheap truck insurance quotes, shop around and compare prices.
The best option offers a balance of affordability, customer satisfaction and financial stability while minimizing customer complaints. Ratings will vary based on the type of truck. Make sure you understand which company offers the best cheap truck insurance for each popular type of truck.
MoneyGeek analyzed rates for a 40-year-old male with a clean driving record, 100/300/100 comprehensive coverage and a $1,000 deductible. Other factors, including user satisfaction and financial stability ratings, were also evaluated.
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Ford F-150
Best Cheap Truck Insurance Option: GEICO
GEICO is the top option for Ford F-150 insurance for the average driver. The company ranked first for financial stability. It’s also the cheapest, widely available company, with an average cost of $1,097 per year.
Overall, USAA got the highest rating among all insurance companies. It ranked first in all categories. It also offers the most affordable overall policy, which costs an average of $1,041 annually. However, USAA policies are only available to military members and their families.
Meanwhile, the most expensive option is Allied. Its average insurance rate for a Ford F-150 is $1,435 per year, $338 more than GEICO.
Ford F-150 Insurance Rates
Insurer | Average Annual Cost | |
|---|---|---|
1. | USAA | $1,041 |
2. | GEICO | $1,097 |
3. | Progressive | $1,132 |
4. | State Farm | $1,142 |
5. | Nationwide | $1,246 |
6. | Allstate | $1,364 |
7. | Allied | $1,435 |
Chevrolet Silverado
Best Cheap Truck Insurance Option: GEICO
For drivers with a Chevrolet Silverado, the best cheap truck insurance option is GEICO. It offers the most affordable auto insurance for this type of vehicle at $1,070 per year on average. The company also ranked first for financial stability and tied for second for user satisfaction.
On the other hand, the most expensive option for Chevrolet Silverado owners is Allied. The average cost of an Allied policy for this type of truck is $1,522 per year. That’s $452 more expensive than GEICO.
Chevrolet Silverado Insurance Rates
Insurer | Average Annual Cost | |
|---|---|---|
1. | USAA | $1,041 |
2. | GEICO | $1,097 |
3. | Progressive | $1,132 |
4. | State Farm | $1,142 |
5. | Nationwide | $1,246 |
6. | Allstate | $1,364 |
7. | Allied | $1,435 |
Dodge Ram 2500
Best Cheap Truck Insurance Option: GEICO
Owners of a Dodge Ram 2500 — among the most popular types of trucks in the market — looking for the best cheap car insurance should consider GEICO. The company has the cheapest average rate at $1,206 per year. It got the highest overall MoneyGeek score for Ram insurance among all insurers. It ranked first for both affordability and financial stability.
For this type of truck, the most expensive option is Allstate. On average, the cost of an Allstate auto insurance policy for a Dodge Ram 2500 is $1,764 per year. In comparison, that’s $558 more expensive than GEICO.
Dodge Ram 2500 Insurance Rates
Insurer | Average Annual Cost | |
|---|---|---|
1. | GEICO | $1,206 |
2. | USAA | $1,284 |
3. | State Farm | $1,296 |
4. | Nationwide | $1,425 |
5. | Progressive | $1,592 |
6. | Allied | $1,683 |
7. | Allstate | $1,764 |
Nissan Frontier
Best Cheap Truck Insurance Option: GEICO
If you drive a Nissan Frontier, then the most affordable company for you is probably GEICO. It got the highest overall rating in MoneyGeek’s analysis for Frontier owners, with perfect financial stability and affordability scores. The average rate for a GEICO auto insurance policy for a Nissan Frontier is $937 per year.
The most expensive company for Nissan Frontier car insurance is Allied. A similar policy costs an average of $1,430 per year, $493 more than GEICO.
Nissan Frontier Insurance Rates
Insurer | Average Annual Cost | |
|---|---|---|
1. | GEICO | $937 |
2. | USAA | $994 |
3. | State Farm | $1,074 |
4. | Progressive | $1,082 |
5. | Nationwide | $1,250 |
6. | Allstate | $1,320 |
7. | Allied | $1,430 |
Dodge Ram Rebel
Best Cheap Truck Insurance Option: GEICO
GEICO offers the best cheap truck insurance for a Dodge Ram Rebel. It has the most affordable, widely available option among insurance companies at $1,148 per year on average. The company ranked first for financial stability and second for affordability and user satisfaction.
USAA got the highest overall rating. It also has the most affordable overall average rate at $1,125 per year. However, only active-duty military members, veterans and their families are qualified for USAA policies.
The company that charges the most expensive insurance premium for a Dodge Ram Rebel is Allied. The average annual rate of an Allied policy is $645 more than GEICO for a total of $1,793.
Dodge Ram Rebel Insurance Rates
Insurer | Average Annual Cost | |
|---|---|---|
1. | USAA | $1,125 |
2. | GEICO | $1,148 |
3. | Progressive | $1,193 |
4. | State Farm | $1,388 |
5. | Nationwide | $1,453 |
6. | Allstate | $1,728 |
7. | Allied | $1,793 |
Jeep Gladiator
Best Cheap Truck Insurance Option: Progressive
For a Jeep Gladiator, the best cheap truck insurance option is Progressive. The average cost of a Progressive policy is $1,217 per year, making it the cheapest, widely available option for Jeep Gladiator owners. The company ranks second for satisfaction and ties fourth for complaint ratio and financial stability.
The highest-ranking insurance company for Gladiators is USAA. It got the highest scores across all categories, including perfect ratings for user satisfaction, financial stability and affordability. Jeep Gladiator truck insurance costs an average of $1,153 per year with USAA, even cheaper than Progressive’s typical rate. However, USAA policies are limited to military members and their families.
Based on average rates, Allied is the most expensive option for Jeep Gladiator owners. The average cost of an Allied policy is $1,623 per year, $406 more than Progressive.
Jeep Gladiator Insurance Rates
Insurer | Average Annual Cost | |
|---|---|---|
1. | USAA | $1,153 |
2. | Progressive | $1,217 |
3. | GEICO | $1,274 |
4. | State Farm | $1,369 |
5. | Nationwide | $1,383 |
6. | Allstate | $1,605 |
7. | Allied | $1,623 |
Honda Ridgeline
Best Cheap Truck Insurance Option: GEICO
Based on MoneyGeek’s analysis, the best cheap truck insurance option for the Honda Ridgeline is GEICO. The average GEICO car insurance rate for this truck is $1,076 per year. That’s the cheapest among all auto insurance companies. Additionally, GEICO ranked the highest in terms of financial stability.
Allstate, on the other hand, is the most expensive option for Honda Ridgeline owners. The average Allstate truck insurance costs $1,525 per year for a Ridgeline. That’s $449 more expensive than GEICO’s average rate.
Honda Ridgeline Insurance Rates
Insurer | Average Annual Cost | |
|---|---|---|
1. | GEICO | $1,076 |
2. | USAA | $1,109 |
3. | Progressive | $1,163 |
4. | State Farm | $1,217 |
5. | Nationwide | $1,300 |
6. | Allied | $1,498 |
7. | Allstate | $1,525 |
Toyota Tundra
Best Cheap Truck Insurance Option: GEICO
For Toyota Tundra owners looking for auto insurance, GEICO is the best pickup truck insurance provider. On average, the cost of a GEICO policy for the Toyota Tundra is $1,031 per year. That makes it the most affordable option. At the same time, GEICO also ranked the highest in terms of financial stability and second for customer satisfaction.
Allied, which has an average rate of $1,455 per year, is the most expensive option for Toyota Tundra auto insurance. In comparison, it’s $424 more expensive than GEICO.
Toyota Tundra Insurance Rates
Insurer | Average Annual Cost | |
|---|---|---|
1. | GEICO | $1,031 |
2. | USAA | $1,033 |
3. | State Farm | $1,199 |
4. | Progressive | $1,201 |
5. | Nationwide | $1,283 |
6. | Allstate | $1,390 |
7. | Allied | $1,455 |
Toyota Tacoma
Best Cheap Truck Insurance Option: GEICO
The Toyota Tacoma is one of the most popular trucks on the market. MoneyGeek’s study found that the top provider for a Toyota Tacoma auto insurance policy is GEICO. The company ranked first for affordability and financial stability. The average cost of a GEICO policy is $976 per year, the cheapest rate for a Toyota Tacoma.
Meanwhile, the most expensive option for Toyota Tacoma truck insurance is Allied. Based on average rates, an Allied policy averaging $1,455 annually is $479 more expensive than GEICO.
Toyota Tacoma Insurance Rates
Insurer | Average Annual Cost | |
|---|---|---|
1. | GEICO | $976 |
2. | USAA | $1,017 |
3. | Progressive | $1,132 |
4. | State Farm | $1,199 |
5. | Nationwide | $1,273 |
6. | Allstate | $1,411 |
7. | Allied | $1,455 |
Insurance Coverage Options for Pickup Trucks
When looking for the best pickup truck insurance, it’s important to consider the level of coverage. There are multiple coverage options for auto insurance, including liability, collision and comprehensive, gap insurance, personal injury protection, medical payments insurance and new truck replacement coverage.
To find the most suitable policy for your needs, make sure you choose the best coverage options for your truck and driver profile.
Type of Insurance | What It Covers | Required or Optional |
|---|---|---|
Liability Insurance | This coverage protects against financial loss in the event of an at-fault accident. It covers bodily injuries and property damage the other party incurs. | Required |
Collision and Comprehensive | Collision covers damages due to a collision with another vehicle or object. Comprehensive pays for damages caused by situations other than collisions, such as vandalism, flood and hail. It also covers theft. | Optional |
Gap Insurance | Guaranteed Asset Protection (GAP) covers the difference between the actual value of the car and the cost the policyholder owes on their loan or lease. This applies when the insured vehicle is totaled or stolen. | Optional |
Personal Injury Protection (PIP) or Medical Payments Insurance | PIP (or medical payments insurance) covers the driver and passengers' medical expenses due to an accident, regardless of who is at fault. While it’s optional in some states, others require it. | Required or Optional |
New Truck Replacement Coverage | This add-on covers the cost of replacement for a similar make and model if the policyholder’s truck gets totaled in an accident. The vehicle should qualify based on the mileage or model year. | Optional |
How to Save on Truck Insurance Costs
Truck insurance rates are typically more affordable compared to some other types of vehicles. But there are ways to save even more money on your policy. Learning some tips and tricks about this type of policy can help reduce the cost of your truck insurance:
Shop around for the best truck insurance rates.
Truck insurance rates can vary widely depending on the insurance company. By shopping around, you can compare prices and make sure you’re getting the most suitable policy at a fair price.
Take advantage of bundling your policies.
If you’re getting other types of insurance, ask insurers if they offer bundling discounts. This way, you can save a significant amount and have the best protection.
Ask about discounts.
Depending on the insurer, you can find different discount opportunities that will reduce premium prices. Among the more common types are good driver, low mileage, accident-free and loyalty discounts.
Use an insurance comparison tool.
Comparing prices can help you see the most affordable option for you. You can start by using an online quote tool, such as MoneyGeek’s auto insurance calculator.
Raise your deductible.
The deductible refers to the amount you pay out-of-pocket when you make a claim. Generally, having higher deductibles corresponds with lower premium rates.
Consider pay-as-you-drive coverage.
If you don’t drive frequently, pay-per-mile coverage may be the best option for you. Your insurance costs will depend on the amount you’ve driven each month.
Opt for vehicle storage in the off-season.
If you’re planning on keeping your vehicle parked for an extended period, such as during the winter, ask your insurance agent if there are ways to reduce non-essential coverage while ensuring that you comply with your state’s insurance laws.
Truck Insurance Frequently Asked Questions
Learning the answers to some of the most commonly asked questions can help you find the best pickup truck insurance.
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