The Best Cheap Car Insurance for Pickup Trucks in 2024

If you’re looking for auto insurance for your pickup truck, you’ll be happy to know that trucks are less expensive to insure than other vehicles. Average premiums are just $114 per month for pickups compared to $132 for all vehicles, according to Compare.com data.

Auto insurers consider many factors when determining rates, and for trucks, these include the relatively inexpensive repair and replacement costs for certain truck beds and trims. Plus, pickup trucks are heavy-duty vehicles that provide better protection against injuries. And then there’s make, model, and truck age to consider.

While truck owners generally pay lower premiums, some companies offer cheaper car insurance than others. Read on to learn more about which auto insurers provide the most affordable coverage.

Key Takeaways:

• Mile Auto is the cheapest company for insuring trucks, on average.
• The GMC Sierra is typically the cheapest truck model to insure.
• The Tesla Cybertruck is the most expensive electric vehicle to insure.

The 5 Cheapest Car Insurance Companies for Truck Owners

Truck insurance rates depend on many factors, including the make and model, coverage type, how it’s used, and the cost for repair parts. Aside from those factors, your driving record, age, and where you live also influence rates.

For a general idea of cost, here are the five cheapest insurers for truck owners, according to Compare.com data.

Mile Auto is the cheapest truck insurer for liability-only insurance and full coverage, on average. But keep in mind that Mile Auto is a pay-per-mile insurer, so these average rates are only base rates and don’t include the insurer’s per-mile fee. Overall costs could increase once the per-mile rate is added to your base premium.

While Mile Auto and Dairyland have competitive liability-only rates, there’s a $75 per month difference between the companies’ full-coverage rates. This is why it’s a good idea to compare multiple insurers.

It’s also worth noting that several insurers — Mile Auto, Mercury, and Clearcover — are smaller regional insurers and may not offer policies available in every state.

Let’s take a look at average premiums for different truck models.

The Cheapest Insurance Companies by Truck Model

Truck insurance rates vary dramatically by truck make and model. Different trucks present different risks — larger trucks can cause more damage to other vehicles during a car crash, for instance. In the next few sections, we’ll take a closer look at the cheapest insurance companies for different types of trucks.

Full-size trucks

One of the most common pickup trucks is the full-size or “half-ton” truck. They have larger bodies and more powerful engines than midsize trucks and are well-suited for drivers who need to tow a small trailer or camper. Full-size trucks typically weigh more and are less fuel-efficient than smaller alternatives, but they also generally have more horsepower and more torque.

Though full-size trucks often cost more, they’re the most popular and highest-selling vehicles on the market — a little over two million were sold in 2024.

Below are six full-size pickups, their average monthly rates, and the cheapest auto insurer for each model.

With its powerful engine and towing capabilities, the GMC Sierra offers buyers plenty of desirable features — including the cheapest average insurance premium in this category. Dairyland offers the lowest rate for GMC Sierra drivers, at $70 per month — $36 less than the average monthly rate for this vehicle.

The Ford F-150 comes in at a close second for its average monthly insurance premiums. But Metromile is the cheapest insurer for this vehicle — and the cheapest overall insurer in this category. Its F-150 rate is $14 less per month than Dairyland’s rate for the GMC Sierra.

Notably, Dairyland is the cheapest insurer for four out of the six models, according to Compare.com data. Many of these same insurers offer affordable coverage for other pickup trucks, including midsize pickups, as you’ll see below.

Midsize pickups

The second most common truck type is the midsize truck. They’re smaller than their full-size counterparts but larger than compact trucks. Most midsize pickups have decent towing and hauling capacities, but they’re not suitable for serious towing duty. Their smaller size makes for easier maneuvering, and a lower hood and shorter front increase visibility compared to full-size alternatives.

Car insurance costs trend higher on average for midsize pickups compared to full-size alternatives, possibly because they provide less injury protection due to their smaller and lighter size.

Let’s look at six midsize pickups, their average monthly rate, and the cheapest company for each model.

The Chevrolet Colorado is the cheapest midsize model to insure, with an average monthly rate of $122, according to Compare.com data. Dairyland offers the cheapest rate for this model — and comes out on top again as the cheapest insurer overall in this category.

Mercury has the highest monthly rate — $54 more than Dairyland’s Nissan Frontier monthly rate.

Mile Auto offers competitive monthly rates for the Ford Ranger and GMC Canyon, but it may not be the best company for frequent drivers since it’s a pay-per-mile insurer.

This trend toward higher auto insurance premiums can also be seen with compact pickups, as you’ll see below.

Compact pickups

Compact pickup trucks aren’t well-suited to heavy work due to their small size, but they have light hauling and towing capabilities. Most can fit in a typical garage with ease, and they also offer better fuel economy than midsize and full-size pickups.

The table below features three compact pickups and their average monthly rates, as well as the cheapest insurer and monthly rate for each model.

The Honda Ridgeline — known for its smooth ride and spacious interior — comes out on top as the cheapest model, with an average premium of $141 per month, according to Compare.com data. Mile Auto offers the lowest monthly rate for this truck and the Hyundai Santa Cruz.

Again, Mile Auto charges a per-mile fee on top of the base rates listed here, so keep this in mind when shopping for insurance.

Let’s see how electric pickups stack up.

Electric pickups

All-electric vehicles (EVs) operate by a battery and electric motor instead of an engine. They’re eco-friendly and fuel-efficient. Currently, only a few electric pickups are on the market since this part of the industry is in its early stages of development.

Electric vehicles tend to cost more to insure than standard vehicles. More complex features and components can make repairs more expensive. And since EVs have a higher initial price tag than standard vehicles, they cost more to replace if you get into an accident and the vehicle is totaled.

Check out the table below to see the average monthly premiums for four EV truck models and the cheapest insurers for each.

The Rivian R1T is by far the least expensive to insure, with an average monthly premium of just $65 — $53 less than the next-cheapest truck to insure, the Hummer EV. Mile Auto offers the lowest rate on average, at $43 per month (base rate) for the Rivian R1T.

Nationwide is the cheapest company for Ford F-150 Lightning drivers, and Dairyland is the cheapest for the Hummer EV. Keep in mind that these insurers may not be the cheapest for everyone, so get multiple quotes for the best deal.

It’s also important to look beyond price and consider quality when choosing the best policy. Next, we break down the three best truck insurers in 2024 and why we chose each company.

The 3 Best Truck Insurers in 2024

No single insurance company is best for every driver because everyone has unique coverage needs and personal factors that affect their insurance costs. To help you choose the best insurer for your truck, we reviewed factors such as average rates and customer satisfaction.

Mile Auto, Dairyland, and Mercury stand out as top options for drivers looking for affordable truck insurance. Here’s why.

Mile Auto

Mile Auto specializes in pay-per-mile insurance, where you pay for the miles you drive plus a monthly base rate. If you drive fewer than 10,000 miles annually, you could potentially save up to 40% on your truck insurance. The insurer offers the cheapest insurance on average and might be a better pick, specifically if you drive a compact truck or electric pickup.

Spinnaker Insurance, which underwrites Mile Auto policies, received a 5.54 on the National Association of Insurance Commissioners (NAIC) complaint index — more than five times the number of complaints than the national average.

But there are pros and cons beyond price.

Pros:

• Cheapest insurer for liability and full-coverage insurance
• No tracking devices required

Cons:

• Higher-than-average number of NAIC customer complaints
• Not accredited by the Better Business Bureau (BBB)

Dairyland

Dairyland offers affordable auto premiums for truck owners. It offers cheaper monthly rates for most full-size and midsize truck models compared to its competitors, according to our analysis. But Dairyland has an NAIC complaint index of 4.16 — considerably higher than the national average.

Before buying Dairyland coverage, it’s important to consider the pros and cons.

Pros:

• Second-cheapest auto insurer for liability insurance coverage
• Positive customer reviews on Trustpilot

Cons:

• Above-average number of NAIC customer complaints
• Not accredited by the BBB

Mercury

Mercury is the third-cheapest option for liability coverage and is more competitively priced than several other insurers for full coverage. The company could be an especially good choice for people who drive Jeep Gladiators or Ford Mavericks.

The insurer also earned great satisfaction scores and has a low number of customer complaints with the NAIC. It received a score of just .22 — less than a quarter of the number of complaints than the national average.

Here are some pros and cons to consider.

Pros:

• Fewer NAIC complaints than its competitors
• Affordable premiums

Cons:

• Below-average customer satisfaction ratings by J.D. Power (California)
• Not BBB accredited

How to Get Cheaper Truck Insurance

It’s possible to save on auto insurance. Here are some ways you can reduce the cost of truck insurance:

• Bundle coverage: Buying truck insurance with your homeowners insurance or other kinds of insurance policies can earn you a multi-policy discount, resulting in savings on all policies.
• Maintain a safe driving history: Accidents and other driving infractions can cause your auto premiums to go up. Drivers with clean driving records are typically eligible for a safe driver discount.
• Choose your truck carefully: Research which models are most affordable when buying a new truck. Different models have major cost differences, even within the same category.
• Complete a defensive driving course: Auto insurers often give drivers a discount for taking a defensive driving class.
• Compare coverage options: Get multiple quotes from different insurers to see which offers the best rates for your situation. You can get a quote through an insurer’s website or through an insurance agent.

Truck Insurance FAQs

Still have questions about cheap truck insurance or getting a truck insurance quote? Here are answers to some of the most commonly asked questions about truck insurance.

What’s the cheapest truck to insure?

The cheapest truck to insure overall is the GMC Sierra, with an average monthly premium of $106, according to Compare.com data.

The Chevrolet Colorado and Honda Ridgeline are the cheapest models if you’re in the market for a midsize or compact truck. Keep in mind that many factors beyond the model you choose — such as your driving history and where you live — affect your final premiums.

How can you lower your truck insurance cost?

You can lower truck insurance costs by asking your insurance company about discounts you may be eligible for, maintaining a clean driving record, choosing the right coverage, and raising your deductible. And it’s always smart to shop around and get quotes from different car insurance companies before purchasing coverage for your truck.

What’s the cheapest full-coverage insurance for trucks?

Mile Auto has the cheapest full-coverage insurance for trucks, at $122 per month. But the company prices coverage based on miles driven. If you drive more than 10,000 miles per year, Mile Auto probably won’t be the best fit for you. The next best option for full coverage is Clearcover — its rates are just $25 more per month than Mile Auto.

Are trucks more expensive to insure?

Trucks are less expensive than other vehicles to insure, with average premiums for pickup trucks estimated at $114 per month. Compare this to average monthly premiums of $132 for all vehicles, according to Compare.com data.

Methodology

Data scientists at Compare.com analyzed more than 50 million real-time auto insurance rates from more than 75 partner insurance providers in order to compile the quotes and statistics seen in this article. Compare.com’s auto insurance data includes coverage analysis and details on drivers’ vehicles, driving records, insurance histories, and demographic information.

All the quotes listed in this article have been gathered from a combination of real Compare.com quotes and external insurance rate data gathered in collaboration with Quadrant Information Services. Compare.com uses these observations to provide drivers with insight into how auto insurance companies determine their premiums.

Sources

1. Mazda of Columbia, “Midsize Or Full-Size? What Used Truck Is Best For You?,” Accessed February 2, 2023.
2. National Association of Insurance Commissioners, “Results by Complaint Index,” Accessed February 2, 2023.
3. Better Business Bureau, “Mile Auto Insurance,” Accessed February 2, 2023.
4. Insurance Journal, “Insurance Technology: Vertafore Unleashes Analytics for Agencies; MGA Mile Auto Raises $10.3M, Partners With Ford,” Accessed February 2, 2023.
5. J.D. Power, “2023 U.S. Auto Insurance Study,” Accessed February 2, 2023.
6. Insurance Information Institute, “Facts + Statistics: Auto insurance,” Accessed January 1, 2023.
7. National Association of Insurance Commissioners, “2019/2020 Auto Insurance Database Report,” Accessed January 1, 2023.
8. Trustpilot, “Review: DairyLand Insurance,” Accessed February 2, 2023.
9. Better Business Bureau,” Dairyland Insurance,” Accessed February 2, 2023.
10. J.D. Power, “Auto Insurance Customer Satisfaction Plummets as Rates Continue to Surge, J.D. Power Finds,” Accessed February 2, 2023.