WalletHub, Financial Company
@WalletHub
Insurance for a truck costs $688 per year, on average, according to WalletHub data. A truck is usually more expensive to insure than other types of vehicles, such as a minivan, an SUV, or a coupe. Insurers consider factors like safety ratings, repair costs, claims rates, and popularity with thieves when determining premiums for a specific type of vehicle.
Average Cost of Insurance for a Truck vs. Other Vehicles
Vehicle | Average Annual Cost |
Truck | $688 |
Sedan | $716 |
Minivan | $680 |
SUV | $685 |
Coupe | $661 |
The premiums above reflect the cost of minimum coverage insurance. Full coverage premiums are more expensive, and prices will vary more between vehicles.
In general, it’s a good idea to get insurance quotes before you buy a new car. This way, you can estimate your future expenses and avoid buying a car that’s particularly expensive to insure. To learn more, check out WalletHub’s guide to the cheapest cars to insure.
People also ask
Did we answer your question?