When we talk about car insurance, it’s important to remember that all types of passenger vehicles fall into that category – not just cars. Sport utility vehicles (SUVs), vans and trucks are all considered “cars”, and are all eligible for car insurance coverage. Here’s a quick look at what types of trucks can get a standard car insurance policy.
What Qualifies as a Truck?
Trucks fall into one of two categories: personal or commercial. A personal truck is either a pickup truck or SUV that is used for personal reasons (including to commute to and from work). A commercial truck, on the other hand, is much larger and almost always used to transport goods, so it needs commercial insurance coverage. A pickup truck used commercially (e.g. by a construction company) would also require commercial truck insurance. If you use a pickup truck or SUV for personal reasons, you can get standard car insurance for it.
Is Truck Insurance Different from Car Insurance?
No. All the insurance coverage that is mandatory and/or available for regular cars also applies to personal trucks. These include:
- Third-party liability: This is required by law in all provinces and territories. Third-party liability protects you in the event that you are responsible for injuring someone on the road or for damaging their property.
- Accident benefits: With this, medical and rehabilitation expenses are covered if you’re in an accident. Depending on the policy, a loss of income benefit may also be available if you cannot work due to the collision. (Funeral costs are also available, if needed.)
- Collision: This covers the repair cost of any physical damage to your car, as a result of an accident or a collision with an object on the road.
- Comprehensive: With this coverage, you are protected in the event that your car is stolen or damaged by things like falling objects, vandalism or heavy wind.
- Uninsured motorist: This covers you if you are hit either by a driver without insurance or a driver who cannot be identified (hit and run).
Are Trucks More or Less Expensive to Insure Than Cars?
Unfortunately, there is no simple answer to this question. On one hand, due to the vehicle’s size, passengers in a truck may be less likely to be injured in an accident. However, trucks are also likely to cause more property damage than small cars. Some trucks are also far more likely to be the target of thieves compared to sedans. Overall, the same rules that exist to determine standard car insurance premiums apply to trucks, which means your premium will be based on the make/model/year of the vehicle, how you intend to use it, your own personal driving record, the amount of coverage you purchase, the dollar amount of your deductibles and more. Use the widget on our site to get a quote for your truck insurance today.