Why Truck Insurance Is More Expensive Than Car Insurance

Truck insurance, in most cases, can be a lot higher priced than car insurance, and for good reason. Read on to learn why this insurance is more expensive.

It may seem odd, but truck insurance is often more expensive than car insurance. While it doesn’t offer any extra coverage or anything on the surface that would warrant an additional charge, it does make sense once you start investigating the reasons why insurance companies charge higher rates for larger vehicles. If you’re still confused on the matter, read on. We’ve outlined some reasons why truck insurance is more expensive than car insurance.

Size and Weight of the Vehicle

One thing that many people may not realize is that a lot of insurance rates are based explicitly on the size and weight of the vehicle. It’s because the size and weight of the vehicle often correspond to the handling and safety. Furthermore, heavy vehicles typically get in more traffic accidents, meaning that the coverage required for these accidents would be more costly for the insurance company.

Vehicle Capabilities

Besides the size, insurance companies often base insurance estimates on the vehicle’s capabilities. Since most trucks are designed to go off-road and in rougher areas than cars can, insurance companies see this as an opportunity for more damage to be incurred on the vehicle.

More Serious Injuries

Lastly, and perhaps the most significant reason truck insurance is more expensive than car insurance is because truck accidents tend to cause more serious injuries. Trucks often have a higher center of balance, meaning that if they get in an accident, they may flip over and cause severe injuries to people both inside and outside the vehicle.

Now that you know why truck insurance is more expensive than car insurance, you can use this knowledge when obtaining coverage for your vehicle. If you need assistance choosing the right auto insurance policy, reaching out to your insurance provider is an excellent way to get the appropriate coverage for your truck.

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