All About Truck Insurance

Truck insurance is one of the most common policies sold in the auto insurance industry especially in Oklahoma and Texas. But driving a truck is very different than driving a car or SUV. Trucks are great for towing, tailgating, and moving. Trucks are one of the most popular vehicles bought by residents in Oklahoma and Texas. But they also cost more to insure than a normal car does, but shouldn’t be much more than 10-15% higher than a normal car.

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Not all trucks are created equal. Auto insurance rates for trucks have many different factors including value and insurance symbol. We have found that the Chevy Colorado is the cheapest truck to insure. The Colorado has a towing capacity between 3,500 and 7,000 pounds. You will see the Ford F-150 as one of the below vehicles and this truck has notoriously been the most popular truck in America.

Here is a list of some other trucks that are cheap to insure: 

Chevrolet Colorado
Chevrolet Silverado
Ford F-150
GMC Canyon
GMC Sierra
Honda Ridgeline
Nissan Frontier
Nissan Titan
Toyota Tacoma
Toyota Tundra

In our experience claims that are caused by a truck does substantially more damage than what a smaller car could ever do. It is important to remember not all trucks can be insured on a personal auto insurance policy but rather must be insured on a commercial auto insurance policy so they can be covered correctly. Here are a few types of trucks that we found that might need to be insured on a commercial auto insurance policy:

• Flat Bed Trucks
• 3500 and above truck models
• Trucks used to haul trailers or other large equipment

Commercial auto insurance prices are substantial higher than personal auto insurance prices for a few reasons. Here are a few we found:

• Employees could be driving the vehicles which present a greater risk for the insurance company.
• Trucks could be used to haul large equipment or trailers
• Doing business in your truck can overall just bring about a greater risk for the insurance company.

Here are a few Commercial Auto Insurance Companies we found that have affordable prices:

• Progressive
• State Farm
• Mercury

Commercial truck insurance is very different than a personal auto policy. There are many endorsements and exclusions. Due to the complexity of the commercial policy, we recommend talking to an agent before purchasing so they can make sure you are covered properly.

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Do I need additional coverage for my truck?

We do recommend carrying higher liability limits if you own a truck. Just because the truck can do much more damage to other vehicles compared to what a Prius could do. Here is an example, if a big Dodge Ram 3500 hits a small car compared to a Prius hitting it. The Dodge truck would do much greater damage. So, you will want to make sure your liability limits are high enough to cover any damage your truck may do.

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Does personal truck insurance cover hauling a trailer?

It depends on what auto insurance company you choose. So, we always recommend you asking your insurance agent or company before you tow anything. But in most cases the liability coverage does extend when hauling a trailer to cover bodily injury and property damage caused to someone else by your trailer.

If you carry comprehensive and collision coverage on your personal auto policy then physical damage coverage could transfer to the trailer in case of an accident but there will be coverage limitations. But, again this varies depending on what company you are with. We recommend taking out the comprehensive and collision coverage from the place you are renting the trailer from. It is important to always contact your insurance company before hauling a trailer to go over your coverages. Most nonstandard auto insurance companies will not transfer comprehensive and collision coverage on a trailer even if you are carrying it on your personal auto policy. We did find that many larger national companies will though.

How to find cheap truck insurance quotes

Truck insurance can cost more than normal car insurance just due to the damage a large truck can do compared to a small car. But just like any auto insurance policy there are discounts that you can ask for to try to get your monthly rate down. Here are some discounts to inquire about when getting truck insurance quotes:

• Auto Pay
• Paperless Billing
• Paid in Full Discount
• Safe Driver Discount
• Prior Insurance Discount
• Defensive Driving Discount
• Be smart on turning in claims

When searching for truck insurance quotes we have found the best way to find cheap rates is to get as many quotes as possible, this will increase your chances of saving money. If you combine this with keeping a good driving record and not turning in claims you will be on your way to getting affordable truck insurance.

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If your truck is used for farm use only and not really going to be on the road much, there are some auto insurance companies that offer special discounts for these situations. Here are some auto insurance carriers who offer cheap quotes for farm trucks:

• Farm Bureau
• Progressive
• American Farmers and Ranchers
• Shelter

These insurance companies offer a discounted rate for these farm trucks because with them not being on the road or highways much there is much less risk for them to be involved in an accident. The discounts these companies give really reflect their desire to write this kind of business.

As far as online truck insurance many insurance companies offer affordable rates online just like any other car. Unless of course it's being used for commercial use. As long as you input the correct vin number and answer the underwriting questions honestly there should be no danger in purchasing truck insurance online. Here are a few online auto insurance companies that we found to offer good truck insurance:

• Save Money Car Insurance
• Geico
• Progressive
  
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Is my additional equipment covered on my truck insurance?

Many people like to add on additional equipment to their trucks like a lift kit or custom wheels or even a camper. If you add any of these to your truck, be sure and let your auto insurance company know so they can make sure it covered the right way. Many auto insurance policies will not cover this additional

equipment automatically and it will be an additional charge. Some carriers will not offer additional coverage at all. So be sure and disclose any of this extra equipment up front to your insurance company so you can be covered appropriately.

Concluding thoughts on Truck Insurance

It is important to remember when searching for truck insurance to disclose to the insurance company if it's being used for business or commercial purposes. Many personal auto insurance companies will deny your claim if you state it's not being used for business but they find out later it is. Personal truck insurance has the same fundamental attributes as does any other vehicle. It's just that it may cost you more to insure than a small car would but other than that it is the same process. Here at Cheapest Auto Insurance, we have auto insurance companies that specialize in truck insurance. Please call or text us today to be on your way to finding cheap truck insurance!

updated: 08/18/2021