Is Auto Insurance Cheaper For Cars Or Pickup Trucks?

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   Terry A. McCarthy, CLU, ChFC

   President, Insurance Associates Agency Inc., West Chester, OH

   If we were to average the insurance cost on one new car of every make and model, and do the same for every truck and SUV, the difference in cost between the rate will largely be the difference between the group of cars with a higher average value. Recent research has shown trucks to be slightly less expensive for occupants because they weather an accident better in a vehicle with greater mass (weight). On the other hand, trucks are causing slightly greater injuries to those hit by trucks and inside the cars they hit. Dollar for dollar I'd give a very slight edge to trucks as cheaper to insure.

   Answered on February 1, 2015

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