Pickup trucks attract different insurance rates, just like other car types. Multiple factors determine how much you need in order to insure your pickup truck. Understanding these factors, especially before buying a pickup, will help you choose the right truck. Below are some of the factors that insurance companies give weight to.

Cost

Expensive pickups attract high insurance rates. The insurance company must ensure that the premiums cover the pickup's replacement in case of theft. Most expensive cars also have expensive parts, which drive up repair costs. The premiums should also cover the repairs in case of an accident. Thus, your pickup's cost will affect its insurance coverage costs.

Engine Size

The engine size determines a pickup's power. A powerful pickup accelerates and drives faster than a less powerful one. Such power increases the risk of accidents and the damages or injuries such accidents might cause. Powerful pickups attract high insurance rates due to their heightened risk exposure.

Size and Weight

A bigger and heavier pickup is likely to carry more weight than a smaller, lighter pickup. The weight and size determine how much weight the automobile can carry. The weight and size also determine the pickup's accident impact, affecting damages and injuries. For those reasons, heavy and bigger pickups tend to cost more to insure than lighter and smaller ones.

Safety Features

From a manufacturer's perspective, a pickup's safety and security profile depend on two things. The first is the truck's safety and security features or installations. Pickups have different safety and security features, just like other cars. You can also install aftermarket security features. For example, alarm systems, immobilizers, and trackers reduce insurance costs.

The second is the pickup's safety and security history. For example, a pickup truck in the list of most stolen cars might cost more to insure than another car that thieves rarely steal. Similarly, a model with a list of defects and accidents in its history also attracts high insurance rates.

Use

Pickups are common with both commercial and private use. Commercial activities tend to attract higher risks than private activities. Thus, your commercial pickup truck will attract higher insurance rates than your private pickup truck. You must declare your pickup's use to insurance companies while seeking quotes.

Hopefully, you will get a pickup truck with affordable insurance rates. Note that other factors, such as your neighborhood, age, and driving history, matter for pickup truck insurance just as they do for other automobiles. Contact an insurance agent for an auto insurance quote.