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If you’re in the market for a new vehicle, you might be wondering about the cost of car insurance on a truck vs. a car. In general, trucks tend to be less expensive to insure than sedans. However, it all depends on the specific make and model. There are also personal- and policy-related factors that will impact your premium, like your location, age, claim history, driving record, and deductibles.Â
In this guide, we’ll answer some common questions – like is truck insurance more than car insurance – and look at average car insurance premiums for popular trucks, sedans, and SUVs.Â
What does it cost to insure my vehicle?
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If you want to know if trucks are cheaper to insure than cars, the answer is yes. Usually, the cost of insuring a sedan is slightly more expensive than insuring a truck.Â
Based on recent auto insurance rate data, the average cost of insurance for a pickup truck ranges from $1,940 – $2,420 per year. For a sedan, the average premium is around $2,390 per year, but there are models with less expensive rates.Â
However, SUVs are often the cheapest vehicle class to insure. Because SUVs are very popular, have low repair costs, and have many advanced safety features, they are often the most affordable vehicle type to insure. The average cost of car insurance for an SUV ranges from $1,680 – $3,090 per year, based on our rate data.Â
Before you purchase a vehicle, it’s a good idea to compare the cost of truck insurance vs. car insurance. The cost of your car insurance will depend on the specific make, model, and year of the vehicle, as well as other factors, like your age, credit score, and driving record. Â
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The average truck insurance premium is between $1,940 – $2,420 per year. Below, you can see the average premium for some of the most popular 2023 truck models:Â
Annual rates for a single 35-year-old male, estimated using public rate filings sourced from First Interpreter. Rates do not represent actual quotes. Accurate as of January 2024.Â
While sedans are often cheaper to purchase, the average cost of sedan insurance can be higher than the cost of truck insurance. The average premium for a sedan is $2,390 per year for full coverage. Below, you can see the average cost of car insurance for popular 2023 mid-size sedans:Â
Annual rates for a single 35-year-old male, estimated using public rate filings sourced from First Interpreter. Rates do not represent actual quotes. Accurate as of January 2024.Â
Compared to trucks and sedans, SUVs have the lowest average insurance premiums. The average cost of car insurance for an SUV ranges from $1,680 – $3,090 per year, depending on the make and model. In the table below, you can see the average car insurance premium for some of the most popular full-size SUVs:Â
Annual rates for a single 35-year-old male, estimated using public rate filings sourced from First Interpreter. Rates do not represent actual quotes. Accurate as of January 2024.Â
Personalized rate estimates at the top insurance companies in your state
Your rates will vary based on where you live, your age, and other factors like your driving record
There are a few reasons why some trucks are cheaper to insure than cars. Newer trucks that are equipped with advanced safety features, like blind spot monitoring and collision avoidance systems, often have lower rates. Additionally, some trucks are less expensive to repair than sedans or SUVs, which can lower the cost of insurance. Â
The type of car you drive is just one of the criteria that will affect the cost of your car insurance policy. In addition to the vehicle class, the car’s year, make, and model can also impact your premium. For example, cars that are more expensive to repair often have higher insurance premiums, and cars with certain safety features usually qualify for lower rates.Â
Before you purchase car insurance, it’s a good idea to compare rates from several insurance companies. This will help you find the most affordable policy for the type of vehicle you have and your personal driver profile. You can research and compare quotes for trucks or cars using our comparison tool.Â
Is truck insurance more than a car?
Trucks typically have lower car insurance premiums than sedans. However, the cost of your auto insurance policy depends on a variety of factors besides the type of car you have. In addition, the make and model of your vehicle can have a big impact on your rate.Â
Is it cheaper to own a car or truck?Â
The cost of car ownership is usually higher if you own a truck. Some trucks are more expensive to maintain and repair, and depending on the model, they often have poor gas mileage compared to cars.Â
How much is truck insurance?Â
Based on our analysis of recent rate data, the average cost of truck insurance ranges from $1,940 – $2,420 per year. We found that the Toyota Tacoma has the lowest average rate and the Ford F-450 has the highest average rate.Â
How much is insurance on a car?Â
The average cost of sedan insurance is $2,390 per year. However, some sedans are less expensive to insure than others. Our rate data shows that the Ford Fusion is the cheapest mid-size sedan to insure.
Rate Retriever rates are based on public rate filings obtained by analytics company First Interpreter. This data comes from the rating plans insurance carriers submit to each state’s department of insurance. Rating plans detail how each carrier calculates premiums using factors such as location, age, gender, and driving record, and they ensure that insurance premiums are both fair and competitive.Â
For the data on this page, we made the following assumptions: a 35-year-old single male with a clean driving record and Good credit score. We adjusted this profile by vehicle make, model, trim, and year to determine the rates you see on this page.
These rates are not actual quotes and should only be used for comparative purposes. Your rates can vary significantly based on your unique driver profile.Â
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