Not all trucks are created equal in the eyes of insurance adjustors. Parts costs, the city you live in, the safety features, safety ratings, and much more all go into what you pay for insurance. And, of course, trucks are a bit more expensive to insure than some cars because, simply, they’re heavier and do more damage if they get in a wreck. But some are less expensive to insure than others, like the 2022 Chevy Colorado, which is the cheapest truck to insure.
How much is truck insurance?
We may not love to pay that insurance bill for our truck every month. But, if you’ve ever had to make a large claim, it’s likely been worth it. Liability rates, collision rates and comprehensive rates vary from truck-to-truck for a number of reasons, and different carriers charge wildly different rates. But according to AutoInsurance.org, a third-party insurance information site, the Chevy Colorado is on average the cheapest truck to insure for full coverage. The Ford F-150 is the cheapest full-sized truck to insure.
Chevy Colorado: $102 per-month
2022 Chevy Colorado | Chevrolet
The 2022 Chevy Colorado is the cheapest, but that will likely change when the new 2023 Chevy Colorado hits dealers this fall. Chevy is completely updating the truck with a new look, a new frame, new engine options and much improved interior. But if you can still find a 2022 on the lot, you might be able to find a deal on an outgoing model and get cheaper insurance at the same time. The base Colorado 4×2 work truck can be optioned into a well-appointed truck. Opt for the in Z71 trim for heavy-duty off-road work.
Ford Ranger: $105 per-month
2022 Ford Ranger Lineup | Ford
It’s not a surprise that the 2022 Ford Ranger is near the top of the list. Many Rangers leave the lot as work trucks, which means they’re short on expensive options. But the Ranger gets four out of five stars for safety from the Insurance Institute for Highway Safety. It earned a four-star rating from the NHTSA. Rangers can be ordered as work trucks, but the XLT and Lariat versions have nicely appointed interiors as well as several posh options packages that add premium audio, leather, and heated and powered seats.
The Ford F-150 is the cheapest full-sized truck to insure at $110 per month
Ford F-150 pickup truck | LeeAnn Cline via Unsplash
It’s not much of a surprise that the Ford F-150 is on the list, too. You can expect to pay about $110 a month to insure an F-150, according to AutoInsurance.org. The F-150 is the best-selling vehicle in North America, and parts like bumpers or airbags, are readily available. But it’s also an incredibly capable truck that also earns high marks for safety, reliability, and comfort.
Ram 3500 is the cheapest heavy-duty truck to insure at $121 per month
2022 Ram 3500 Heavy | Stellantis
Look at any job site and you’re likely to see a Ram 3500 tied to a trailer. They’re a popular truck for work, thanks to its 37,090-pound tow rating and heavy-duty diesel. But Ram worked on the interiors of its trucks. They stand out and in trim levels like the Limited Longhorn or Laramie with leather, heated seats and steering wheels, and a lot more. Look out for an updated 2023 Ram 3500 soon, too.