You’re thinking about buying a new 4×4, but you’re worried about how high your insurance rates might be. it’s a legitimate concern when you consider that insurance for such a vehicle would likely be significantly higher than what you’d pay for a midsize family sedan. So what is the best and cheapest auto insurance for your truck?
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We understand that trying to find affordable coverage policies for expensive trucks can be exhausting and possibly overwhelming.
Reading: How much does 4×4 increase insurance
That’s why we’ve put together this guide. We’ll cover all the details you may need to know and hopefully this will lead to a more affordable cost of coverage. After all, if you’re going through the Appalachians, a 4×4 is your best option. We tell you everything you need to know about 4×4 truck insurance.
Wondering what the average monthly cost of truck insurance is for you? If you need to compare insurance company rates, we offer a free online comparison tool that can help.
car insurance rates for 4×4 trucks
Average rates for 4×4 trucks are $144.25/month. there are many factors involved, and each truck will be very different. It’s a little easier to determine the average cost of car insurance for a given make and model, since those numbers are readily available.
what exactly is a 4×4? The terms 4×4, 4-wheel drive (4wd), and all-wheel drive (awd) include dozens of different makes and models. according to fueleconomy.gov, they also have different gas mileage.
Vehicles that have been modified by their owners to add certain off-road accessories may also fall into this category. the only way to get an exact price is on a case by case basis.
the ford f-150 is one of the most popular makes and models of 4×4. If you’re wondering how much auto insurance would cost on a Ford F-150, there are a few different yearly averages to compare.
Look at all the different trim variations for just this make and model, and it should be apparent why it can be so difficult to get accurate numbers on average 4×4 trucks. the f-150 trim ranges from the low end of $105 per month to the high end of $135 per month.
It’s also worth noting that this table shows the rates for a 40-year-old man with a clean driving record. speeding tickets and other violations would naturally raise the average rates.
Liability insurance rates for 4×4 trucks
While we can’t say what the 4×4 truck liability coverage is specifically, we can see the average rates by state in this table.
Next, we’ll look at trucking collision and comprehensive insurance rates by state. both collision and comprehensive coverage are separate from liability, so they would have their own requirements and price tags.
comprehensive and collision insurance rates for 4×4 trucks
Heavy truck owners will often pay for additional coverage, even more than is normally required by the state they live in, due to the risk involved in owning a larger vehicle.
4×4 truck collision and comprehensive insurance rates vary as much as liability, depending on location.
Now, let’s take a look at the statewide averages for full coverage.
how the value of 4×4 trucks affects auto insurance rates
Remember, when it comes to truck insurance, there are many factors involved. Some of the factors include how often the truck is used for transportation and your driving history.
this is something to keep in mind if you are looking for a 4×4 truck, as they require more durable and expensive parts. For example, the MSRP for a 2020 Ford F-150 is $34,735 for a regular cab version. In short, a 4×4 is more expensive.
Unfortunately, an affordable truck will be a smaller one. With a luxury truck, your insurance provider will potentially have to pay more for any claims that come forward.
how 4×4 thefts affect car insurance rates
theft is a factor that increases comprehensive coverage rates. Unfortunately, 4x4s are quite prone to theft. The 2018 National Bureau of Insurance Crime Annual Report found that Ford full-size pickups ranked third among the top ten most stolen vehicles in the United States.
If you’re interested in what’s considered a popular vehicle, you’ll want to know that your truck will be safe at night in your garage or driveway.
auto insurance claims and losses on 4×4 trucks
Let’s see how certain 4×4 trucks fare against comparable makes and models in terms of insurance claims.
4×4 truck property damage and bodily injury statistics
What are the bodily injury loss statistics and property damage liability insurance claims for 4×4 trucks?
The following table details the loss statistics for the Chevy Silverado 1500 in its various forms compared to other trucks in its class. This table includes statistics for property damage and bodily injury losses. if there is a negative percentage, the vehicle suffered fewer losses than its counterparts in the same class. in short, a negative percentage is good.
As you can see, chevy silverado 1500 4wd bodily injury loss statistics are not available. That said, bodily injury losses were pretty low for the Chevy Silverado 1500 Crew Cab 4WD and the Ext. 4wd cab. for property damage, the chevy silverado 1500 crew cab 4wd and ext. cab 4wd were both slightly taller than other vehicles in their class.
comprehensive 4×4 truck body and collision loss statistics
What are the loss statistics for comprehensive and collision insurance claims for 4×4 trucks? Let’s take a look at another table, this time for the collision and comprehensive loss ratios.
according to these statistics, the ford f-150 did very well compared to similar trucks. per collision, its loss ratio was lower by 45%, while its comprehensive loss ratio was lower by 35%.
what are the pip and medpay loss statistics for 4×4 trucks?
The table below shows the loss ratios for Personal Injury Protection (PIP) and MedPay.
Surprisingly, each model of the f-150 had fewer insurance losses than comparable vehicles in terms of medical payout and pip.
safety ratings for 4×4 trucks
A vehicle’s safety ratings are an important factor in rate determination, as insurers want their customers to drive safely.
what is the size and class of a 4×4 truck?
Not all 4×4 trucks are built exactly the same. The Ford F-150, one of the most popular 4x4s, is a half-ton light-duty truck.
how does the safety of a 4×4 truck compare to that of other vehicles?
A particular vehicle’s safety rating is one aspect that determines your auto insurance rates. You can find out what the insurance institute’s ratings are for highway safety for a given vehicle.
Vehicles that have higher safety ratings will, as a result, have lower car insurance rates. the reverse is also true.
When it comes to 4×4 vehicles, safety ratings are especially important when it comes to side impacts and rollovers. By their very nature, 4×4 trucks are meant to be used in off-road scenarios, which increases the risk of certain types of accidents. Since side-impact collisions and rollovers are the most common in off-road driving, these are the two most important safety factors to consider.
A good number of 4×4 owners buy their vehicles with no intention of taking them off the road. in such cases, drivers can buy their vehicles because they live in a state with typically harsh winters, and the 4×4 helps them navigate winter snow more easily.
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This is why insurance companies often ask 4×4 owners if they intend to take their vehicles off-road. those that do have a higher potential for accidents and claims than those that do not. With that, off-road car insurance is more expensive.
Although it would seem logical for 4×4 vehicle owners to simply tell their insurance companies that they never intend to go off the road to enjoy lower rates, it is not wise to do so. Auto insurance companies often add a clause to an insurance policy stating that they will not cover damage from off-road accidents if a customer has declared their intention to always keep their vehicle on public roads. If he tells his car insurance company that he doesn’t plan to pull off the road, they will force him to.
If you decide to go off-roading, the insurance company will certainly want to know what type of driving is involved.
The riskier your off-road behavior, the higher your auto insurance rates will be. In some cases, if you’re risky enough, you may even need to find a specialized auto insurance company to get the coverage you need. whatever you do, be honest about your intentions to ensure you receive the best coverage.
Often, 4×4 owners who intend to take their vehicles off-road will modify them by adding performance auto parts. If this is something you plan to do, it’s important to understand the difference between replacement value and agreed-upon value car insurance.
The replacement value is what most controllers have. it simply means that if your vehicle is totaled, the insurance company will pay an amount equal to what it would cost to replace the vehicle with a similar make and model. replacement value is determined by kelley’s blue book or the value of nothing.
Agreed value auto insurance will cover what it would cost to replace your vehicle as-is, including any performance parts you’ve added. you and your insurance company will have to inspect the vehicle and agree on its new value with the additions you’ve made, hence the term “agreed value.”
If you plan to purchase this type of insurance, it’s important to keep all receipts for performance parts. that’s the only way to prove your worth.
Don’t forget about our comparison tool, which will help you compare quotes from various companies.
frequently asked questions: cost of car insurance for a 4×4 truck
how much does a 4×4 cost?
You can get a cheap 4×4 for around $20,000.
Is a 4×4 truck worth it?
if you plan to drive off the pavement frequently, yes.
how much does it cost to make a 4×4 truck?
It depends on the make and model, but the initial cost would be approximately $3,500. if done correctly, it will most likely exceed $10,000.
what is a 4×4 truck?
is a system where a car’s engine drives all four wheels evenly.
how much does a 4×4 cost?
While it may cost a pretty penny, you can get a 4 for 4 truck for around $20,000 to $25,000.
what is the difference between an automatic 4×4 and a tall 4×4?
A 4×4 truck delivers 75 percent of the power to the rear wheels. all four wheels get identical power in a tall 4×4.
what is the best 4×4 insurance?
geico and usaa are considered respectable and reasonable options.
how much does it cost to add a 4×4 to a truck?
Depends on the age of the truck.