10 Pickups That Are Too Expensive To Insure (And 10 That Are Cheap)

Here are 10 Pickups That Are Too Expensive To Insure (And 10 That Are Cheap)

The feeling you get when you purchase a brand-new truck could be compared to that excitement you’d get as a child. It’s usually a memorable day met with many (financial) obstacles as well as a good amount of paperwork. You feel exhausted and just ready to hop in the truck by the time you’re even halfway through with the dealership spiel. But there’s a tiny little detail that you should probably consider before you ever even step foot on the car lot: how much will your insurance cost? Will it increase?

There’s a fierce debate online about whether or not it’s cheaper to drive a truck over a car or SUV. While we’re not here to clear up any long-standing disputes, we can tell you which trucks you might want to avoid and which you may want to go for – if you’re currently in the market for one. There are a lot of benefits to driving a truck versus other vehicles, but this is all dependent upon a person’s lifestyle. Plus, there's an endless variety of trucks out there to suit the needs of a hodgepodge of drivers. Sometimes, the truck with the cheapest insurance isn’t always the best truck for everyone. So, instead of honing in on the crummiest trucks with the best rates, we’ve compiled some of the most reliable trucks (albeit a couple of questionable selections) that have cheap or sky-high insurance rates on average.

20 2017 GMC Sierra 3500 HD Denali (Expensive)

via Automobile Magazine

General Motors has produced some high-quality one-ton trucks for quite some time now, but no one ever expects these U.S.-made beasts to come at such a hefty cost. Brand-new, a GMC Sierra 3500 Denali can run car buyers at least $60k just to get their hands on one of these heavy-duty trucks, though what’s most frustrating is the fact that the 3500 also has a pretty pricey insurance in the U.S. From 2017, the average premium for the Sierra 3500 Denali was about $1,677. If the cost of the truck itself doesn’t scare you off, your insurance premium just might. These are high-quality trucks, and they don’t come cheap.

19 2017 Nissan Titan 4X4 Platinum Reserve (Expensive)

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The Titan is often downplayed in the States because it’s no U.S.-made truck, but it’s also not a reliable Toyota. The Nissan Titan is a nice truck and is arguably high-quality; however, less are likely to buy it purely because it costs just as much as many of its competitors.

Starting at a whopping $52k, the Titan seems like a bad investment for many because they’d rather have a truck that’s accepted by the mainstream for a little bit more cash, although the Platinum Reserve trim is considered to be the most expensive trim (and also the most desirable).

So, from that standpoint, the Titan is actually relatively cheaper than the Chevy, GMC, or Ford alternatives. The insurance is pricey for the Titan Platinum Reserve with an annual premium of $1,679 but is still going to cost owners less than buying a Dodge truck.

18 2017 Dodge Ram 1500 Laramie Limited (Expensive)

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The Ram 1500 is a pretty popular truck, but the Laramie Limited gives it that extra step-up that some driver’s desire. This pretty trim comes at an unforgiving cost, though. Just to purchase the Dodge truck, you’ll have to hand over a minimum of $52k. This is quite a bit of cash considering that the base price of a 3500 Denali isn’t much more than this. You’re not getting much bang for your buck since it’s only a half-ton truck with much less power and towing capabilities – assuming that most will use it for towing. But the looks alone may attract some to a Ram 1500 Laramie Limited. Hopefully, it’s worth it because the average annual premium of this truck is set at a hot $1,692.

17 2017 Chevrolet Silverado 3500HD High Country (Expensive)

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Typically, Chevy’s Silverado is thought to be considerably less expensive than its GMC Sierra cousin. However, based on insurance costs, this goes to show that cost can be relative.

The 3500 High Country is a beautiful truck with great comfortability and ease of use, but this may not offer enough appeal for many would-be buyers since the base price of a Silverado 3500 High Country veers very close to $55k.

And that’s not even the out-the-door price. As for insurance, the Silverado 3500 barely loses to the Ram 1500 with an average annual premium of $1,695, which isn’t too bad, considering the comparison of the two trucks. The Silverado may be the better investment in the long run.

16 2017 Honda Ridgeline (Expensive)

via Car and Driver

There’s hardly anything about the Honda Ridgeline that's sub-par. In fact, with the endless supply of accessories and the smooth suspension, the Ridgeline could easily be mistaken for a modern-day sedan if you’d blindly jumped in the cab. It may not be your stereotypical rough-and-tumble truck, but it comes at a much more affordable cost. However, you may have to pay a great deal more if you opt for the convenient features. The base price of a 2017 Ridgeline was close to $30k, which isn’t so bad until you look at that average annual insurance premium, which is about $1,700.

15 2017 Ford F-350 Super Duty Lariat Power Stroke (Expensive)

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Offering a bit more power and towing capacity than its F-250 counterpart, the F-350 Lariat is a good, sturdy truck. Ford has earned a reputation for its reliable trucks, and considering the price of this F-350 Lariat, it could be worth every dime.

Unsurprisingly, the Lariat trim is much less costly than the Platinum but with more power and performance.

If you’re looking for a solid diesel truck without the bells and whistles, then this is probably a great fit at a relatively modest $55k. Unfortunately, this great-quality truck comes with a hefty insurance premium of $1,703, although if you can afford the burdening costs that come with the F-350 Power Stroke, then it could be valuable for you.

14 2017 Ford F-250 Platinum (Expensive)

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Of all the U.S.-made trucks, Ford has maintained a throne for itself, garnering the most buyers out of any other brand in the States. The F-250 Platinum is an especially praised model for its polished style and performance. Of course, something that is this coveted doesn’t come at a mediocre cost. The base asking price of one of these is a minimal $62k, which isn’t much, considering that this doesn’t include the upgrade to a diesel engine or even a long box. Most people are likely to opt for one of the pricier alternatives, and we all want those luxury features as well. After you’ve made the harsh transaction, the pain isn’t over; the average annual insurance premium will run you $1,726. We know it’s an award-winning truck with a huge backing, but we’re not sure that this is a great value.

13 2017 Dodge Ram 2500 Longhorn (Expensive)

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The Dodge Ram 2500 Longhorn is a good-looking truck and it has a generous amount of power beneath the hood. Nothing completes a 2500 Longhorn like a V-8 Hemi, and this is often one of the most eye-catching of Dodge’s trucks.

With a price point nearing $56k, it’s relatively modest compared to its fancy U.S.-made competitors. The Longhorn may not seem like it would have much going on for it at that price, but it typically includes premium speakers as well as heated seats and other comforts.

All of this luxury comes with a substantial bill from insurance companies, though. The average annual premium closed in on $1,749.

12 2017 Dodge Ram 3500 Laramie Longhorn (Expensive)

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The funny thing about the Dodge Ram is the fact that there are so many variations of the truck, but none come at a very low price for insurance. The Laramie Longhorn should only come at an anticipatedly high Manufacturer’s Suggested Retail Price (MSRP). Considering all of the bells and whistles that go along with this truck, it’s not a bad price, starting at around $60k. Even though the 3500 Laramie Longhorn is considerably larger than the 2500 Laramie Longhorn, the insurance is surprisingly less. The average consumer had an annual premium of $1,761. This isn’t necessarily the most competitive pricing, but if you’re looking for something more luxurious, then it may be worth the cost.

11 2017 Dodge Ram 2500 Laramie Longhorn (Expensive)

via The Auto Weekly

Topping off the most expensive insurance costs, the Laramie Longhorn has received a lot of positive reception regarding its luxury features and beautiful style. Most buyers are drawn in by the Laramie Longhorn’s initial look but are shortly swooned by the enticing power the Ram 2500 can offer. The base price of the 2500 Laramie Longhorn comes in at $55k, but of course, we’d only expect that this price will go up. These upgrades could also have an effect on the proposed insurance costs as well. However – as of now – the average annual premium to drive one of these 4x4 trucks is projected at $1,775.

10  2011 Ford Ranger (Cheap)

via Truck Trend

One of the most popular throwback trucks is undeniably the Ford Ranger. Ford may not have come out with a new model in a few years, but these trucks are still relevant. For a V-6, four-wheel-drive Ranger, the MSRP came to about $26,000, which is what you’d pay for a mid-grade compact today. Since the newest model is projected to come out in 2019, the average annual insurance premium is based on the last released model (which was in 2011). The insurance could run a Ford Ranger owner a modest $1,198. It’s not so bad compared to the full-sized monsters that crowd the truck market.

9 2017 Toyota Tacoma 2WD (Cheap)

via Car and Driver

The Toyota Tacoma is currently considered one of the most popular trucks despite the fact that it's much smaller than the norm. While Tacomas are limited on towing capacity, they spare no expenses for top-of-the-line features including excellent reliability and performance. The base-level speakers installed on a Tacoma are good quality, and most come with a touchscreen Bluetooth radio included. If you’re one that doesn’t necessarily need the heavy-duty lifting like many full-sized-truck owners, then the Tacoma isn’t a bad alternative, although it does have a substantial price tag.

The MSRP of a two-wheel-drive Tacoma starts at around $25,000, which is quite a bit of money, considering that it’s not even four-wheel drive.

Like we’ve said, if this isn’t a necessity, then this is certainly a great value. The best part is the average insurance premium of merely $1,209.

8 2017 Chevrolet Colorado 2WD (Cheap)

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The Chevy Colorado has been a bit of a hard sell for many loyal Silverado fans. It’s a bit impractical compared to the larger Silverado, but it also offers a bit of a break (financially). The problem with Colorados involves the price, which many buyers find to be disputable. It starts out at a reasonable $22k, but if you simply decide to upgrade to four-wheel drive, that price will take at least a $10k jump. Not to mention, the base model Colorados barely even have a backseat in their extended cab, although if the lack of high-end finishes isn’t a big deal for you and you’re not in a dire need of four-wheel-drive or a large towing capacity, then the Colorado is a great option because the average annual insurance premium costs about $1,228. It may not be the belle of the ball, but the Colorado has a few redeeming features.

7 2017 GMC Sierra 1500 2WD (Cheap)

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The GMC Sierra is often termed as one of the more expensive trucks that you can buy, especially regarding the U.S. frontier. And this could be true as far as MSRP or out-the-door dealership prices are concerned. But in the discussion of insurance premiums, it’s one of the better trucks to invest in. The 1500 2WD is certainly one of the least expensive since it has a bit less power and an overall lower cost to buy the truck as well. For a crew cab, the 1500 starts at about $33k, which is a lot better value as compared to the Chevy Colorado, although it has a slightly more expensive insurance premium than the Colorado at $1,240.

6 2017 Chevrolet Silverado 1500 2WD (Cheap)

via Motor1

Notably behind the Sierra at a few different price points, the Silverado is betraying age-old beliefs of being the cheaper of the two. The Silverado 1500 (two-wheel drive) may not cost as much as the Sierra equivalent outright, but it’s not far behind with a base price of $31k.

To be fair, the Silverado’s cheaper price is primarily because of the fact that it’s referring to a double cab versus Sierra’s crew cab (for nearly the same price).

Obviously, the Chevrolet is probably not the better value but is still at a great price point for a full-size truck. If you can handle the two-wheel-drive downgrade, then you’ll be content to have an annual insurance premium somewhere in the ballpark of $1,256 (in a good case).

5 2017 Nissan Frontier S King Cab 2WD (Cheap)

via RoadBlazing

The Nissan Frontier is one of those little trucks that seem to get the short end of the stick as far as sales go. Nissan’s Titan typically steals the show right out from beneath the Frontier, but economically savvy buyers may want to take a second peak at what they could be missing out on. The Frontier S King Cab has quite a lot to offer and in a small package. While you may have to compromise the convenience of a four-wheel-drive vehicle or a larger towing capacity by opting for a Frontier, if this isn’t a priority, then it'll be worth it. The Frontier S King Cab comes with great features and has an incredible base price of $22k. The $1,261 average annual insurance premium shouldn’t set you back too much and is part of the reason why the Frontier is considered to be the most affordable truck in the U.S.

4 2017 GMC Canyon 2WD (Cheap)

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Similar to the fate of the Colorado, the Canyon had a bit of difficulty getting its foot in the door but has since gained a bit of popularity. The Canyon offers a similar plain interior with very basic features in the bottom-level model. The compromise could be worth it, though, since the Canyon is priced at around $22k. Basically, if you’re not looking for functionality but like the idea of driving a truck, then the Canyon is a nice option as far as price goes, and this is even true with regard to insurance costs. At $1,268 the average annual premium is much more affordable than the Canyon’s larger competitors.

3 2011 Dodge Dakota 2WD (Cheap)

via Wikimedia Commons

While you can’t purchase a brand-new Dakota anytime soon, the insurance premiums aren’t too bad if you’re willing to drive an older vehicle. The 2011 two-wheel-drive, extended-cab Dakota is close in price to a modern-day Colorado or Canyon equivalent at a base price of $23k.

It's a fair assessment to consider the fact that the Dakota is an older vehicle, so the supposedly ‘low’ insurance cost isn’t too impressive when you’re comparing it to a similar-sized Nissan Frontier or Chevy Colorado that’s brand new.

Either way, you’ll still save much more than if you decide to buy a Ram 1500 since its annual insurance premium is about $1,300.

2 2017 Ford F-150 2WD (Cheap)

via Car and Driver

The F-150 has had an outstanding history, which is likely why it’s the bestselling truck in the U.S. The reliability, affordability, and overall comfort of an F-150 has brought many customers – old and new – to test out how this truck really stacks up against competitors. And as far as insurance costs go, it’s not too bad off. The F-150 may be a bit pricier than a two-wheel-drive Silverado, but it still has an undeniable value. The basic MSRP of one of these is around $27k, and the annual insurance premium shouldn’t scare off many buyers either with an average cost of about $1,356. You may have to give up four-wheel drive to get in this ballpark, but even an upgraded F-150 is slightly cheaper than the Chevy equivalent.

1 2018 Dodge Ram 1500 2WD (Cheap)

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The Ram always seems to come in last, especially when you’re comparing Dodge to Chevrolet and Ford. Competition is fierce, but even the Ram 1500 can bring some healthy opposition to the table. The base model Ram 1500 may have an excess of plastic on the body, but it still has the undeniable good looks of any Ram without the flashy price tag. For a two-wheel-drive 1500, the MSRP starts at a little over $27k. It’s not much cheaper than the Chevy and Ford equivalent, and the insurance is also slightly more expensive than the two rivals at an average $1,437 for an annual premium. In other words, the savings of opting for Chevy or Ford are much less – although they definitely hold their value better than Dodge. So, if you’re a Ram fan, then it would make more sense to stick with what you love.

Sources: Insure.com, Consumer Reports, NerdWallet

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