10 Key Insurance Tips for Pickup Truck Car Owners

10 Key Insurance Tips for Pickup Truck Car Owners

If you’re a pickup truck owner, then it’s important to know what insurance coverage is available. Whether you drive the vehicle commercially or not, there are some basic insurance protection plans that should be considered for all pickup truck owners. In this article we will cover 10 key tips and tricks when searching for your next policy.

1. Know your needs

If you’re considering buying a pickup truck, think about what it will be used for before the purchase. If you need a durable vehicle to handle tough jobs around town or on the farm, there are certain types of coverage that may not apply to you. On one hand, if you’ve got a high end luxury truck and only use it for leisurely activities, you don’t need the same type of coverage that a heavy duty work truck does.

2. Know your benefits

Prior to purchasing a policy for your pickup truck, it’s important to know what is and isn’t included with your plan. Most standard policies will include liability coverage, medical payments, uninsured motorists coverage, comprehensive and collision coverage, as well as roadside assistance. With some policies you’ll also have the option of adding on no-fault, rental and towing coverage beyond that.

3. Know your limits

Liability: Liability coverage is one of the most important elements of any insurance policy for a truck owner. If you’re operating a work vehicle, you need the liability coverage in case a third party is injured or their property is damaged. In most cases if your policy includes $100,000 of liability coverage, you can increase that amount to $300,000 or even $500,000 by paying an additional premium cost.

4.  Know your deductible

You’ve probably heard the term “deductible” before, but what does it mean? Simply put, deductibles are an amount of money that you agree to pay out of pocket in the event of a loss. For example, with most insurance companies you can choose a $500 or $1,000 deductible for comprehensive and collision coverage. If you’re making a claim, your insurance provider will reimburse you for the cost of repairs minus your deductible amount.

5. Know the limits of your policy

All policies are not created equal, and some will have more limits than others depending on what type of protections you need. For example, if you want comprehensive coverage but want to avoid a high deductible, you may be limited to what types or brands of vehicles will be covered. Comprehensive coverage can also depend on the value of your vehicle as well as the cost to replace it with a new one.

6. Consider dropping certain coverage

If you don’t use your pickup truck for commercial purposes and don’t need certain types of coverage, then there’s no reason to keep paying for it. For example, if you’ve got a luxury vehicle that comes with standard comprehensive and collision damage coverage and only drive it during the summer months when accidents are less likely to happen, consider dropping those protections.

7. Know what your car is worth before buying coverage

Another important tip when searching for your next insurance policy is to know the value of your vehicle. You can find out what it would cost to replace your car or truck with a brand new one depending on where you live by visiting online sites like Kelley Blue Book.

8. Know if you’re driving these risky cars

Not every type of car owner has the same probability of being involved in an accident, so some may benefit from certain discounts that others don’t. Some cars are associated with more accidents than others, and if yours is one of them you might get a discount for taking steps to prevent future crashes. For example, if your car has stability control or anti-lock brakes you could potentially get up to a 10 percent discount on your rates.

9. Know what types of coverage you already have

Before buying a separate policy for your truck, make sure that you’re not accidentally duplicating the same type of protection elsewhere. For example, if you’re an Allstate customer and already have comprehensive and collision coverage for another vehicle, there’s no need to pay for it again.

10. Know what discounts you qualify for

Before buying your policy, find out if you’re eligible for any discounts that could reduce your rates even further. For example, if you’ve got more than one vehicle on the same policy, use the same insurance company or are paying by electronic check rather than using a credit card, you could qualify for reduced rates.

Can I add additional vehicles to my policy?

Yes, but the process varies from company to company. You may have to contact your insurer and tell them which cars you want covered on this policy. In some cases, your insurance provider might require you to provide proof of insurance for a vehicle in order for it be eligible for coverage under the new policy. Also, your insurer may increase your rates to add the additional vehicles.

How do I get discounts for anti-theft devices?

Your insurer might require the installation of an approved device, but some providers might also offer reduced rates without any additional requirements. You should be able to find out more information by contacting your insurer directly or looking up their list of approved safety features online.

What are multi-vehicle discounts?

This involves receiving a reduced rate because you insure more than one car under the same policy.

I already pay for comprehensive and collision insurance on another vehicle. Do I need to buy those same types of coverage again?

No, there’s no need to duplicate the same type of protection if it already exists elsewhere. If you have comprehensive and collision coverage on another vehicle, your insurer might require proof of insurance or offer discounts for canceling one of them if yours is totaled in an accident.

Does my car have anti-lock brakes?

If you’re unsure, check your owner’s manual under “optional equipment.” Some vehicles come equipped with anti-lock brakes as a standard feature, while others may have them as an optional extra.

What kind of discounts are available?

Most insurance providers offer a variety of different discounts that could lower your premium rates. These can include multi-vehicle or multi-policy discounts as well as discounts for attending defensive driving courses, installing anti-theft devices or paying your premiums with electronic checks rather than credit cards.

How do I know if my pickup truck has stability control?

If it was made in 1998 or later you should be able to find out by checking with the vehicle manufacturer. This information is usually available on their website or through a toll-free phone call. If your truck was made before 1998, the information should be listed in your owner’s manual under “optional equipment.”

To Bring Things Together

You’ve made it to the end of this post. I hope you found at least one tip that will help you save money on your truck insurance costs. If not, don’t worry–we’re always here for you! Just leave a comment below and let us know what other information we could provide about pickup trucks or how to get the best price on insurance for them. We’ll be happy to say hello back and see if there’s anything else we can do for ya!

Scroll to Top