Pickup Truck Insurance Rates for 2022

Which pickups are cheapest to insure? We compare average insurance rates for all half-ton and heavy duty pickup trucks to see which have the cheapest truck insurance.

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The top three best selling vehicles in America just happen to be full-size trucks: the Ford F-Series, the Ram Truck, and the Chevy Silverado. With a host of luxury features and upper tier price tags approaching and even exceeding $70,000, how does insurance cost compare for the large truck lineup?

How much does pickup truck insurance cost?

For 2022 half-ton models, the Ford F150 has the cheapest insurance rates at $1,478 per year, with the GMC Hummer EV Pickup being the most expensive at an average of $1,940 for an annual full coverage policy. The average cost of insurance for the entire large truck segment is $1,657 per year.

The table below shows monthly and yearly pickup truck insurance rates for the entire 2022 half-ton truck segment.

Large Truck Insurance Cost Comparison
Rank Make/Model Annual Cost Monthly Cost
1Ford F150$1,478$123
2GMC Sierra$1,552$129
3Nissan Titan$1,610$134
4Chevrolet Silverado$1,638$137
5Toyota Tundra$1,640$137
6Ram Truck$1,742$145
7GMC Hummer EV Pickup$1,940$162

    Get Rates in Your AreaWhy is this important?

    Table Data Details: Average rates are based on 2022 model year, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all vehicle trim levels. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on July 14, 2022
    Large Truck Insurance Cost Comparison

    The rates above average the insurance cost for all different trim levels for each truck model, so with a cost difference of only $462 per year between the cheapest and most expensive models, it’s very possible that the insurance cost for a high-end Ford F150 could exceed that of a lesser-appointed GMC Hummer EV Pickup.

    All three American-made truck nameplates include larger three-quarter and one-ton versions, so let’s see how insurance rates for heavy duty trucks compares to the more mainstream half-ton versions.

    How much do heavy duty trucks cost to insure?

    Insurance rates for heavy duty trucks average $1,818 per year, with the 2022 Ford F350 Super Duty having the cheapest insurance rates at $1,656 per year, and the Ram Truck 3500 being the most expensive, at an average cost of $2,050 for an annual full coverage policy.

    Here’s how the lineup of 2022 heavy duty trucks compare for annual and monthly insurance cost.

    Heavy Duty Truck Insurance Cost Comparison
    Rank Make/Model Annual Cost Monthly Cost
    1Ford F350 Super Duty$1,656$138
    2Chevrolet Silverado HD 3500$1,666$139
    3Nissan Titan XD$1,714$143
    4GMC Sierra 2500 HD$1,780$148
    5GMC Sierra 3500$1,794$150
    6Ford F250 Super Duty$1,814$151
    7Chevrolet Silverado HD 2500$1,822$152
    8Ram Truck 2500$1,884$157
    9Ford F450 Super Duty$2,004$167
    10Ram Truck 3500$2,050$171

      Get Rates in Your AreaWhy is this important?

      Table Data Details: Average rates are based on 2022 model year, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all vehicle trim levels. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on July 14, 2022
      Heavy Duty Truck Insurance Cost Comparison

      Heavy duty trucks are the towers and haulers, having upgraded frames, brakes, and powertrains. The cost of these beasts can easily exceed that of the regular-duty trucks, with the upper end trim for the GMC Sierra heavy duty line having a MSRP of $68,195.

      Which pickup models have the cheapest insurance?

      The cheapest 2022 model year pickup truck to insure is the Ford F150, costing an average of $1,478 annually. For a 6-month policy term, expect to pay around $739, or about $123 each month.

      Taking second and third place honors in the full-size truck segment are the GMC Sierra, costing $1,552 per year, and the Nissan Titan at $1,610 annually.

      Which large truck is most expensive to insure?

      The large truck with the most expensive insurance is the GMC Hummer EV Pickup, costing an estimated $1,940 per year. It will cost around $462 more on average to insure a GMC Hummer EV Pickup each year compared to the cheapest large truck to insure, the Ford F150.

      At an average of $1,940 a year for insurance on a 2022 GMC Hummer EV Pickup, that is a 14.6% premium over the $1,657 average for the large truck class, and 19.2% more than the national average car insurance rate (all vehicles) of $1,567.

      What is average pickup truck insurance cost?

      Average pick up truck insurance cost is $1,657 per year, or about $138 per month. This estimate is for a middle-aged safe driver and a full coverage policy with $500 comprehensive and collision deductibles.

      Higher policy deductibles can save money on insurance because the insured is willing to pay more money out-of-pocket if they have a covered claim. Conversely, choosing low deductibles means the insurance company will pay more of a claim, which in turn costs the policyholder more with each renewal.

      Using the Ford F150 as an example, policy cost ranges from $1,254 having $1,000 deductibles to $1,906 with $100 deductibles. That’s a $652 variation in the price of insurance just for a difference in deductibles.

      What is average pickup truck insurance cost per month?

      Insurance rates for half-ton pickup trucks average from $123 a month for the Ford F150 to $162 for the GMC Hummer EV Pickup. Larger three-quarter and one ton trucks cost a little more on average from $138 a month for the Ford F350 Super Duty to $171 for the Ram Truck 3500.

      As mentioned before, the deductible amount on your policy is a large factor when determining the cost of insurance, as are your age, driving record, and financial responsibility. If insuring an older model, it may make sense to drop full coverage and just insure your truck for liability only. Physical damage coverage makes up the large majority of policy expense for mature drivers, whereas liability tends to cost more for younger drivers.

      Is F-150 or Silverado insurance cheaper?

      The average insurance cost for a Ford F150 is $1,478 per year while the Chevrolet Silverado insurance cost averages $1,638 per year. On average, F150 insurance is $160 cheaper per year than the Silverado.

      The final outcome does obviously depend on the trim level of each truck being insured. For example, a Ford F150 Platinum SuperCrew 2WD costs around $1,750 a year for insurance, while a Silverado LT Crew Cab 4WD averages around $1,490 a year. In this case, the F150 is more expensive. But when all trim levels are averaged together, the F150 comes out the winner.

      See our F150 vs. Silverado insurance rate comparison article for detailed costs by model year and trim level.

      Not a big surprise, but the Ford F-Series still leads the large truck segment in number of vehicles sold. The F-150 has been the top-selling truck for almost 45 years, but the Ram Truck is eating into it’s lead thanks to the last generation redesign.

      GM trucks (Chevy and GMC) actually outsell the F-Series, but thanks to nameplate cannibalization, splitting GMC Sierra and Chevrolet Silverado sales figures means neither brand will probably ever catch Ford.

      What is the best way to compare truck insurance quotes?

      The best way to compare truck insurance rates is to get apples-to-apples truck insurance quotes. The key to finding the cheapest rates is to ensure coverages are identical on each price quote so that you can make a fair price comparison.

      There are a lot of variables that affect the cost of truck insurance, like your location, driving record, make and model of the truck, driver age, and more. Not only that, but there are many different insurance companies that insure pickup trucks in your state.

      When trying to find the best cheap truck insurance, the key is to get price quotes from as many companies as possible. This helps ensure that you have a good selection of prices and policy options to choose from. You may not end up insuring with the absolute cheapest company, which is OK. Most times it’s more important to choose the right company rather than the cheapest company.