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.
