The cost of car and pickup truck insurance in Canada can vary depending on a number of factors, such as the make and model of the vehicle, the driver’s age, driving history, and location, among others. However, in general, pickup trucks tend to be more expensive to insure than cars due to a number of reasons:
- Higher repair costs: Pickup trucks are typically larger and heavier than cars, which can result in higher repair costs in the event of an accident.
- Higher theft rates: Pickup trucks are often targeted by thieves, which can drive up insurance rates.
- More powerful engines: Pickup trucks often come with larger and more powerful engines, which can make them more expensive to insure due to the increased risk of accidents.
- Higher liability: Pickup trucks are often used for work-related activities, which can increase the risk of liability claims if they are involved in an accident while on the job.
That being said, the actual cost of insurance for a car versus a pickup truck will vary depending on the specific circumstances of each driver. It’s always a good idea to shop around and compare insurance quotes from multiple providers to find the best coverage at the most affordable price.
The average cost of car insurance for a car vs pick-up truck in Canada
Here’s an example of the average cost of car insurance for a car vs pick-up truck in Canada:
Province: Ontario
Driver profile: 30-year-old male, single, drives to work 15 km each way, with a clean driving record.
Car: 2018 Honda Civic
Pick-up truck: 2018 Ford F-150
- Average annual cost for car insurance for the Honda Civic:
- Ontario: $1,500
- Average annual cost for car insurance for the Ford F-150:
- Ontario: $2,000
- Rate difference: +33%
Major cities:
- Toronto
- Car: $1,700/year ($140/month)
- Pick-up truck: $2,200/year ($183/month)
- Rate difference: +29%
- Ottawa
- Car: $1,400/year ($115/month)
- Pick-up truck: $1,900/year ($158/month)
- Rate difference: +36%
- London
- Car: $1,300/year ($108/month)
- Pick-up truck: $1,800/year ($150/month)
- Rate difference: +38%
- Windsor
- Car: $1,100/year ($90/month)
- Pick-up truck: $1,600/year ($133/month)
- Rate difference: +45%
- Hamilton
- Car: $1,500/year ($125/month)
- Pick-up truck: $2,000/year ($167/month)
- Rate difference: +33%
Province: Alberta
Driver profile: 35-year-old female, married, drives to work 10 km each way, with a clean driving record.
Car: 2020 Toyota Corolla
Pick-up truck: 2020 Chevrolet Silverado
- Average annual cost for car insurance for the Toyota Corolla:
- Alberta: $1,200
- Average annual cost for car insurance for the Chevrolet Silverado:
- Alberta: $1,800
- Rate difference: +50%
Major cities:
- Calgary
- Car: $1,400/year ($115/month)
- Pick-up truck: $2,000/year ($167/month)
- Rate difference: +43%
- Edmonton
- Car: $1,200/year ($100/month)
- Pick-up truck: $1,800/year ($150/month)
- Rate difference: +50%
- Red Deer
- Car: $1,100/year ($90/month)
- Pick-up truck: $1,700/year ($142/month)
- Rate difference: +55%
- Lethbridge
- Car: $1,000/year ($83/month)
- Pick-up truck: $1,500/year ($125/month)
- Rate difference: +50%
- Medicine Hat
- Car: $1,000/year ($83/month)
- Pick-up truck: $1,500/year ($125/month)
- Rate difference: +50%
Province: Quebec
Driver profile: 40-year-old male, married, drives to work 5 km each way, with a clean driving record.
Car: 2015 Mazda CX-5
Pick-up truck: 2015 GMC Sierra
- Average annual cost for car insurance for the Mazda CX-5:
- Quebec: $700
- Average annual cost for car insurance for the GMC Sierra:
- Quebec: $1,200
- Rate difference: +71%
Major cities:
- Montreal
- Car: $800/year ($67/month)
- Pick-up truck: $1,400/year ($117/month)
- Rate difference: +75%
- Quebec City
Province: Quebec
Driver profile: 40-year-old male, married, drives to work 5 km each way, with a clean driving record.
Car: 2015 Mazda CX-5
Pick-up truck: 2015 GMC Sierra
- Average annual cost for car insurance for the Mazda CX-5:
- Quebec: $700
- Average annual cost for car insurance for the GMC Sierra:
- Quebec: $1,200
- Rate difference: +71%
Major cities:
- Montreal
- Car: $800/year ($67/month)
- Pick-up truck: $1,400/year ($117/month)
- Rate difference: +75%
- Quebec City
- Car: $700/year ($58/month)
- Pick-up truck: $1,200/year ($100/month)
- Rate difference: +71%
- Sherbrooke
- Car: $600/year ($50/month)
- Pick-up truck: $1,000/year ($83/month)
- Rate difference: +67%
- Trois-Rivières
- Car: $500/year ($42/month)
- Pick-up truck: $900/year ($75/month)
- Rate difference: +80%
- Gatineau
- Car: $800/year ($67/month)
- Pick-up truck: $1,300/year ($108/month)
- Rate difference: +63%
Province: Nova Scotia
Driver profile: 25-year-old female, single, drives to work 10 km each way, with a clean driving record.
Car: 2019 Honda Accord
Pick-up truck: 2019 Ram 1500
- Average annual cost for car insurance for the Honda Accord:
- Nova Scotia: $1,000
- Average annual cost for car insurance for the Ram 1500:
- Nova Scotia: $1,300
- Rate difference: +30%
Major cities:
- Halifax
- Car: $1,200/year ($100/month)
- Pick-up truck: $1,500/year ($125/month)
- Rate difference: +25%
- Sydney
- Car: $900/year ($75/month)
- Pick-up truck: $1,200/year ($100/month)
- Rate difference: +33%
- Dartmouth
- Car: $1,100/year ($92/month)
- Pick-up truck: $1,400/year ($117/month)
- Rate difference: +27%
- Truro
- Car: $900/year ($75/month)
- Pick-up truck: $1,200/year ($100/month)
- Rate difference: +33%
- Amherst
- Car: $800/year ($67/month)
- Pick-up truck: $1,000/year ($83/month)
- Rate difference: +25%
It’s important to keep in mind that these are just average rates, and your actual rates may vary depending on your individual circumstances, such as your driving history, location, and the type of vehicle you drive. It’s always a good idea to shop around and compare quotes from multiple insurance providers to find the best rate for you. Additionally, be sure to review the coverage and terms of any insurance policy carefully to make sure you’re getting the protection you need.
What is the best car or truck insurance company?
The best car or truck insurance company in Canada is subjective and can vary depending on an individual’s specific needs and preferences. Some factors to consider when choosing an insurance provider include:
- Coverage options: Make sure the company offers the coverage you need, such as liability, collision, and comprehensive coverage.
- Claims process: Look for a company with a straightforward and easy-to-understand claims process.
- Customer service: Consider a company with good customer service and a reputation for treating customers fairly.
- Price: Compare insurance quotes from multiple providers to find the best coverage at the most affordable price.
Some of the most well-known and reputable insurance companies in Canada include:
- Intact Insurance
- Allstate
- The Co-operators
- Desjardins Insurance
- Aviva Canada
It’s important to note that the best insurance company for one person may not be the best for another. It’s always a good idea to do your research, compare quotes, and speak with an insurance broker to find the best coverage for your specific needs and budget.
List of cheapest trucks to insure in Canada Ontario
The cost of insuring a truck in Canada can vary depending on several factors such as the driver’s age, experience, and driving history, the type of truck, as well as its size, weight, and value. However, some trucks tend to be cheaper to insure than others due to their lower replacement cost, better safety features, and lower theft rates.
Here is a list of some of the cheapest trucks to insure in Canada, Ontario:
- Toyota Tacoma
- Honda Ridgeline
- Chevrolet Colorado
- Nissan Frontier
- GMC Canyon
- Ford Ranger
List of most expensive trucks to insure in Ontario
Here is a list of some of the most expensive trucks to insure in Ontario:
- Ford F-250
- Chevrolet Silverado 2500HD
- GMC Sierra 2500HD
- Ram 2500
- Nissan Titan XD
List of Best selling trucks in Canada
Here is a list of the best-selling trucks in Canada along with their starting prices:
- Ford F-150 – Starting price: $33,449
- Ram 1500 – Starting price: $32,495
- Chevrolet Silverado 1500 – Starting price: $32,000
- GMC Sierra 1500 – Starting price: $34,600
- Toyota Tundra – Starting price: $38,690
- Nissan Titan – Starting price: $38,298
Please keep in mind that these prices may change and can vary depending on location, trim level, and optional equipment. It’s always best to check with a dealership for the most accurate pricing information.
FAQs
Here are some frequently asked questions (FAQs) about car vs pick-up truck insurance in Canada:
Q: Is car insurance cheaper than pick-up truck insurance? A: In general, car insurance is cheaper than pick-up truck insurance. This is because pick-up trucks are often larger and more powerful than cars, which can make them more expensive to repair or replace in the event of an accident. Additionally, pick-up trucks are often used for commercial or industrial purposes, which can increase their risk of accidents and damage.
Q: What factors can affect my car or pick-up truck insurance rates? A: There are a number of factors that can impact your car or pick-up truck insurance rates, including your driving history, location, age, gender, and the type of vehicle you drive. Pick-up trucks, in particular, may be subject to higher insurance rates if they are used for commercial or industrial purposes, or if they have a history of accidents or damage.
Q: What type of insurance do I need for my pick-up truck? A: The type of insurance you need for your pick-up truck will depend on how you use the vehicle. If you use your pick-up truck for personal use, you will need basic car insurance, which typically includes liability, collision, and comprehensive coverage. If you use your pick-up truck for commercial or industrial purposes, you may need additional coverage, such as commercial auto insurance, which can provide higher liability limits and protection against theft, damage, or loss of goods.
Q: What should I consider when choosing between a car and a pick-up truck? A: When choosing between a car and a pick-up truck, there are several factors to consider, including your budget, driving needs, and lifestyle. Cars are generally more affordable and fuel-efficient than pick-up trucks, and may be a better choice for commuting or everyday use. Pick-up trucks, on the other hand, are more powerful and versatile, and may be a better choice for hauling or towing heavy loads or for use on rugged terrain.
Q: How can I find the best insurance rates for my car or pick-up truck? A: To find the best insurance rates for your car or pick-up truck, it’s important to shop around and compare quotes from multiple insurance providers. You can do this online or by contacting insurance companies directly. Be sure to provide accurate information about your driving history and vehicle to get an accurate quote, and review the coverage and terms of any policy carefully to make sure you’re getting the protection you need.
Q: Can I get insurance for a pick-up truck if I have a bad driving record? A: It may be more difficult to get insurance for a pick-up truck if you have a bad driving record, as insurance companies may view you as a higher risk. However, it’s still possible to find coverage, although it may be more expensive. You may want to consider taking steps to improve your driving record, such as taking a defensive driving course, to reduce your insurance costs.
Q: How can I lower my car or pick-up truck insurance rates? A: There are several ways to lower your car or pick-up truck insurance rates. Some strategies include:
- Increasing your deductible, which can reduce your premium
- Maintaining a clean driving record, with no accidents or traffic violations
- Driving a safe and reliable vehicle, with good safety ratings and security features
- Bundling your car or pick-up truck insurance with other types of insurance, such as home or life insurance, to get a discount
- Shopping around and comparing quotes from multiple insurance providers to find the best rate
Q: Do I need different insurance for a new pick-up truck vs an older pick-up truck? A: The type of insurance you need for a new pick-up truck vs an older pick-up truck will depend on the value of the vehicle and how you use it. If you have a new pick-up truck, you may want to consider comprehensive coverage, which can protect you in the event of theft or damage. If you have an older pick-up truck, you may be able to save money on insurance by dropping collision coverage, which can be expensive for older vehicles. However, it’s important to consider your individual needs and circumstances when choosing insurance coverage.
Q: Can I use my personal car insurance for my pick-up truck? A: It depends on the type of personal car insurance you have. If your policy includes comprehensive and collision coverage, you may be able to use it for a pick-up truck, as long as the vehicle is not used for commercial or industrial purposes. However, if you plan to use your pick-up truck for hauling, towing, or other heavy-duty activities, you may need additional coverage, such as commercial auto insurance.
Q: Are there any additional costs associated with owning a pick-up truck? A: In addition to insurance, there are several other costs associated with owning a pick-up truck, including fuel, maintenance, and repairs. Pick-up trucks may also be subject to higher registration fees and taxes, depending on your location. It’s important to consider all of these costs when deciding whether to buy a pick-up truck and to budget accordingly.
Q: Is pick-up truck insurance more expensive in certain provinces or cities? A: Insurance rates for pick-up trucks can vary depending on the province or city you live in, as well as other factors such as your driving record, age, and the type of vehicle you drive. In general, provinces with higher insurance rates, such as Ontario and British Columbia, may also have higher rates for pick-up trucks. Additionally, cities with higher rates of accidents or theft may have higher insurance rates for all vehicles, including pick-up trucks.
Q: What should I look for in an insurance policy for my pick-up truck? A: When choosing an insurance policy for your pick-up truck, it’s important to consider factors such as the coverage limits, deductibles, and premiums. You may also want to consider additional coverage options, such as roadside assistance, rental car reimbursement, or uninsured motorist protection. Finally, be sure to review the terms and conditions of any policy carefully to make sure you understand what is covered and what is not.
Q: Do I need to notify my insurance company if I modify my pick-up truck? A: If you modify your pick-up truck, you may need to notify your insurance company to make sure you are adequately covered. Modifications such as lift kits, oversized tires, or aftermarket parts can change the value and safety of your vehicle, which can impact your insurance rates and coverage. You should always inform your insurance company of any modifications you make to your pick-up truck to avoid any gaps in coverage.
Q: Can I get insurance for a pick-up truck if I use it for business purposes? A: If you use your pick-up truck for business purposes, you may need to get commercial auto insurance, which provides additional coverage and liability protection for business vehicles. Commercial auto insurance may also be required by law in some provinces or for certain types of businesses. Be sure to check with your insurance provider to make sure you have the right type of insurance for your business needs.
Q: Can I get a discount on pick-up truck insurance if I have safety features installed? A: Many insurance companies offer discounts for safety features such as anti-lock brakes, airbags, and anti-theft devices. If your pick-up truck has these features, you may be able to get a lower insurance rate. Be sure to check with your insurance provider to see what discounts are available and what safety features are eligible.
Q: Are pick-up trucks more expensive to insure than SUVs or vans? A: Pick-up trucks can be more expensive to insure than SUVs or vans, depending on factors such as the size and power of the vehicle, how it is used, and the insurance company you choose. However, there are many factors that can impact insurance rates, so it’s always a good idea to shop around and compare quotes from multiple providers to find the best rate.
About the Author: Valerie D. Hahn
