You have your sights set on a nice pickup truck to add to your automobile collection. However, you may have heard a few myths surrounding getting auto insurance to cover these larger vehicles. Here is a look at some of those common myths surrounding insurance for pickup trucks, the facts you should know, and a few figures that can help give you insight.
Myth: Insuring a pickup truck is always higher than insuring a regular car.
Not all truck insurance policies are going to be more expensive than a policy for a car. For example, the average annual cost to insure a Ford F-150 is around $2,500 per year. As a comparison, you may pay $1,254 for a six-month insurance policy on a Ford Mustang car, which would be nearly the same as what you would pay for a pickup truck over the course of a year.
As an adage, the cost of insurance can vary according to the driver's age and risk level. Sometimes, those risk factors are more price-determining than the type of vehicle.
Myth: It can be harder to find auto insurance for a farm-use pickup truck.
If you use your pickup truck on your farm, you really should have no problems finding a good policy. In fact, because you are using your vehicle more on your farm property than out on the road, you may even see cheaper rates.
Keep in mind as well, if you have a home insurance policy that covers your farm, you may be able to get cheap auto insurance by bundling coverage with the same company. You can generally save as much as 25 percent on your premiums if you bundle home and vehicle insurance coverages at the same company.
Myth: Collision and comprehensive coverage deductibles are higher with pickup trucks.
Choosing collision and comprehensive coverage can be one of the best ways to get full coverage and protection for your pickup truck. The deductibles should be adjustable regardless of what type of vehicle it is that you are trying to insure, including pickup trucks, as long as those coverage options are available in your state.
For instance, if you prefer to have a low deductible for comprehensive coverage at just $500, or, if you prefer to have collision coverage with no deductible required, those options should be open to you. Be sure to discuss all of the options with the insurance provider to help you make the best decisions.
For more insight, contact auto insurance providers.