Pickup Truck Insurance Costs Vary Depending on What You Use Your Truck For. So, how much is insurance going to cost for your pickup truck? Well, the answer to that depends on a few things. Is your truck a personal vehicle or a commercial vehicle? Most people who own a truck like the Ford F-150, the Chevrolet Silverado 1500, or the RAM 1500, will be able to get a standard personal auto insurance policy. However, if your truck has a Gross Vehicle Weight Rating (GVWR) over ten thousand pounds like the F-350 or Silverado 3500 you may need to get a commercial policy.
Insurance Navy works with a large network of different insurance carriers like Progressive, Bristol West, Dairyland, and National General. We compare rates to help you get a policy that fits your needs at the lowest possible price. We can get you covered whether you need personal or commercial auto insurance for your pickup.
Who Needs Pickup Truck Insurance?
Any pickup truck on public roads needs to be covered by an auto insurance policy. The type of policy you need depends on how you end up using the truck.
A standard personal auto policy is what you need if you drive your F-150 to work every day or use it to run errands. Think dropping off a friend at the airport or helping out with a furniture move. Day to day driving only requires a personal auto policy..
If your truck is being used for work or to haul business equipment around that's a different story. Commercial auto insurance is needed for types of business driving listed below.
Contractors who are hauling tools and materials about to job sites
Landscapers who have to move mowers, trailers and supplies to customers homes or businesses
Electricians and plumbers who need to carry their equipment out to job sites
Delivery drivers who are use their truck for package transportation
Any business where employees are driving the truck to get things done
The bottom line is the IRS and most insurers will define hauling items for work as commercial use. If you try to use a personal policy for work related driving your coverage will be cancelled if you need to make a claim.
Available Pickup Truck Insurance Coverage
Pickup truck insurance can insure both you and your pickup truck.
Listed below are some common types of coverage cheap pickup truck insurance can offer:
Liability Insurance
Liability insurance is there to cover the costs if you cause an accident, hurt someone or damage their property.
Most insurance agents will recommend you get a policy with a lot more coverage, often 100/300/100. Trucks tend to have 15%-25% higher claim costs than cars.
Collision Insurance
Collision coverage pays to fix your truck if you hit something, regardless of who's at fault. Deductibles are usually $250 to $1,000 and a $500 deductible is pretty common.
For a $35,000 truck your monthly payment for collision coverage will be around $40 to $80 depending on your driving record and state you live in.
Comprehensive Insurance
Comprehensive insurance is there to cover theft, vandalism, hail, flooding, and animal strikes. Trucks are a lot more likely to get stolen than cars. The Ford F- Series has taken the top spot on the NICB's most stolen vehicle list multiple years running with over 44,000 thefts in 2023 alone.
Comprehensive insurance will cost you $15 to $40 a month with a $500 deductible.
Uninsured & Underinsured Motorist Insurance Coverage
Uninsured motorist insurance pays out for any medical bills or repairs to your truck when the guy who crashes into you has no insurance or not enough coverage. According to the Insurance Research Council, It's estimated that nearly one in seven drivers in the US are uninsured. In a few states, like Illinois and Texas, your insurer has to sign a form when you choose to opt out of this coverage.
Medical Payments Coverage
Medical Payments coverage kicks in to pay medical bills for you and your passengers, regardless of who was at fault. The limits usually range from $1,000 all the way up to $25,000 per person.
The good news is that most states let you choose whether or not to get MedPay. In some states like Maine and New Hampshire, Medpay is a requirement. If you don't have health insurance, we definitely think it's worth considering.
How Much Does Pickup Truck Insurance Cost?
If you're looking at full coverage for your pickup truck, you're probably looking at paying somewhere between $1,500 to $2,200 a year, or roughly $125 to $185 a month. If you're just going with a liability only policy that's cheaper at around $45 to $80 a month for drivers with clean records.
The type of truck you have is going to make a big difference in how much you pay. For example, a 2024 Ford F-150 XLT will cost you around $1,600 a year for full coverage. But a RAM 2500 Heavy Duty is going to cost 31% more at roughly $2,100 a year. This is because it's more expensive to repair and the theft rates for that truck are higher.
State minimums have an impact on pricing too. In Illinois you're required to have $25,000 per person, $50,000 accident bodily injury, and $20,000 property damage. Texas and California have a higher state minimum requirement than Illinois. Most lenders require higher limits if you're financing the truck.
Commercial Pickups Cost a Lot More
Commercial pickup policies are going to cost a whole lot more than personal policies. Usually somewhere between 20% to 40% more. That's because they include higher liability limits, often $1 million. They cover all of your employees who drive the truck.
Choosing The Right Pickup Truck Insurance
The difference between personal and commercial pickup insurance comes down to how you actually use the truck. If it has your name on the title and you're not hauling anything for work, a personal policy is all you need.
But if you're hauling stuff for a business, using it to transport materials for jobs or if it's driven by your employees, you're going to need to go with commercial coverage. Having the wrong policy can get your claim rejected and coverage dropped.
Commercial Pickup Truck Insurance
If you use your pickup for work you'll need a commercial policy. That means you'll be working with insurance carriers that specialize in commercial vehicles like Progressive Commercial, Hartford, CNA, and Travelers. You'll be looking at liability limits of anywhere from $500,000 to $2 million.
A commercial policy for a Ford F-250 used in construction will cost you around $2,400 to $4,000 per year. Some cost factors include how far you have to drive and how many employees you have using the truck.
Get a Truck Insurance Quote Today
Want to get a quick quote for your pickup truck insurance? We can get you a free quote in under five minutes online. If you'd rather talk to an insurance agent, you can call us at 888-949-6289 and we'll walk you through the process.
We work with a large network of carriers like Progressive, Dairyland, Bristol West, National General, and more to get you the lowest possible rate. Whether you need personal or commercial insurance we can help you out. We service Illinois, Indiana, Texas, California, Nevada, and Georgia.
*This truck insurance product may not be available in every state; please get in touch with one of our insurance agents for more information.