If you own a pickup truck in Ontario, it’s more than a means of getting from one spot to another; it’s a part of your lifestyle. Therefore, it makes sense to protect your pickup truck with pickup truck insurance. Moreover, in Ontario, all your vehicles must be insured. You must also be aware of the different auto policy tiers and how they impact your pickup truck.
Your pickup truck insurance is very similar to any car insurance in terms of coverage, processes, and legalities. If you purchase pickup truck insurance Ontario, it will protect you, your vehicle, and anyone else involved in case of an accident. Your pickup truck coverage must include uninsured automobile coverages, direct compensation, property damage, accident benefits, and liability.
This article shall cover pickup insurance rates in Ontario and other pertinent details. If you wish to learn more about auto insurance in Kitchener (or anywhere else in Ontario), be sure to contact Surex, one of the most reliable insurance brokerages in the country.
Pickup truck insurance rates in Ontario
In Ontario, the average pickup truck insurance cost in Ontario is somewhere between $1,200 and $4,000 annually. There are several factors at play here that determine the final cost. They include:
- Policy details like limits and coverages that you select
- The total duration of driving you complete
- The location where you drive at
- Your history of insurance
- Your record of driving
- Model and make details of your pickup truck
- Age of the vehicle
Invariably, any insurer you connect with will review all the conditions, ask pertinent questions and offer competitive quotes for pickup truck insurance. A good insurance agent also ensures you get all the discounts you are qualified for while selecting your pickup truck insurance.
Ontario pickup truck insurance details
Just like personal car insurance, your pickup truck insurance will provide financial coverage against liabilities, bodily harm, and vehicle damage in case you get in an accident. Other than the standard package, you can opt for additional coverages like rental car coverage, roadside assistance, accident forgiveness, collision and comprehensive coverage, and increased liability.
Since it’s a legal requirement to have automotive insurance in Ontario, everyone who owns a pickup truck will have personal pickup truck insurance. So, the question often comes down to the kind of policy best suited for your pickup truck rather than if you need one. In the event of an accident, you would not have to pay out of your pockets if you have comprehensive insurance coverage.
The best way to get your pickup truck insured is to have an open discussion with your insurance broker. With this, you should be able to compare high-quality quotes from the best insurers across Ontario. Since insurance brokers work with several insurance agencies, you can select a policy that best aligns with your budget and specific needs.
On a separate note, your pickup truck insurance is not commercial vehicle insurance. If you wish to get commercial vehicle insurance, you must contact your insurer for a separate type of policy.
Pickup truck insurance rates or car insurance rates: which is more expensive in Ontario?
Insurance rates vary from insurer to insurer and from vehicle to vehicle. However, you will be paying a lot more for your pickup truck insurance than your car insurance. There are several reasons why this is the case. They include:
Pickup trucks are more likely to be damaged
Pickup trucks are generally larger and more difficult to maneuver around as compared to a regular mini or hatchback vehicle. This is why they pick up scratches and dents easier, especially when driving around narrow spaces and lower clearings. You can also end up hitting something inside a parking lot more frequently than a car.
Possibility of pickup truck damage while off-roading
One of the perks or utilities of buying a pickup truck is the ability to take it off-road into the countryside or the wilderness. And even though off-roading is a fun activity to partake in, the chances of your vehicle getting damaged are significantly higher as compared to cars that exclusively travel city streets.
Chances of more grievous injuries
Since a pickup truck is generally larger, stronger, and sturdier than a regular car, insurers deem it a vehicle carrying higher risk. You may end up injuring someone else considerably more than you would be driving a smaller car.
Chances of more expensive property damage
As discussed, the larger size and heavier bulk of a pickup truck can also cause a greater degree of damage to an inanimate object. In such a case, property damage claims tend to be significantly higher.
More expensive than cars
If your insurer needs to replace a totaled pickup truck during an accident, they will end up shelling out more as pickup trucks are substantially more expensive than cars. This higher amount of payout required during accidents is the primary reason why insurance premiums are higher for pickup trucks than for cars.
Pickup trucks guzzling more gas is not the only reason they are more expensive than regular cars. As evident, the cost of insuring your pickup truck is also a more expensive affair. However, there are ways you can bring the cost down. The main ways are:
- Try to shop around for your pickup truck insurance. Getting multiple quotes from different insurers will offer competitive rates.
- Drive as safely and as carefully as possible. This is especially true if you are not used to driving larger pickup trucks and have only driven cars so far.
Conclusion
The lure and usability of a pickup truck are hard to ignore. That is the reason they are not so popular. They make up one-fourth of all vehicles sold in Canada today. However, maintaining a pickup truck can be trickier and more expensive than a car. You will need to pay higher insurance rates to keep your vehicle safe on the streets.
But, if you are set on buying a pickup truck, the points discussed here will give you a clearer view of what to expect and what to do to stay safe and covered without blowing out your wallet.
