Trucks are often perceived as robust, reliable vehicles, but there are certain models that have earned themselves a “high-risk” tag from insurance companies. Here, we look at seven such trucks and the reasons why they’re considered risky.
Ford F-250 Super Duty: The Most Stolen Truck
The Ford F-250 Super Duty has the dubious distinction of being the most stolen truck. According to reports, its size and utility make it an attractive target for thieves. Moreover, its high repair and replacement costs are a burden for insurance companies.
Despite boasting robust security features, the truck’s popularity among thieves makes it a high-risk model for insurers. As a result, owners of the Ford F-250 Super Duty need to brace for higher insurance premiums.
Chevrolet Silverado 1500: High Repair Costs Alert
The Chevrolet Silverado 1500 is another truck that insurance companies view as high-risk. One of the primary reasons is its high repair costs. If the Silverado 1500 is involved in an accident, the costs of repairs can be significant, leading to higher insurance claims.
Few models also suffer from reliability issues, which further increase the maintenance and repair costs. Hence, insurance companies often charge higher premiums for this truck model.
GMC Sierra 1500: A Regular in Accident Reports
With a regular presence in accident reports, the GMC Sierra 1500 is considered a high-risk vehicle by insurance companies. A study even found that it is one of the most accident-prone trucks on the road.
Despite its advanced safety features, the high incidence of accidents pushes up the insurance premiums for this model, making it more expensive to insure.
Toyota Tundra: Notorious for High Theft Rates
The Toyota Tundra is notorious for high theft rates. The truck’s powerful engine and versatile utility make it a favorite among thieves, which, in turn, leads to increased insurance rates.
Owners often face high insurance premiums due to the elevated risk of theft. Despite Toyota’s efforts to improve its anti-theft features, the Tundra remains a high-risk model for insurance companies.
Ram 1500: Known for High Auto Insurance Rates
The Ram 1500 is another truck that’s well-known for its high auto insurance rates. This is primarily due to its high repair and replacement costs. Additionally, certain variants of the Ram 1500 have been implicated in safety recalls, further raising insurance costs.
Although it’s a popular choice for its power and comfort, the high insurance cost is a downside for potential buyers and owners of this model.
Nissan Titan: Flagged for High Repair and Maintenance Costs
The Nissan Titan is often flagged by insurance companies for its high repair and maintenance costs. Some studies have shown that the Titan has a higher than average breakdown rate, leading to high repair and maintenance costs.
These costs are passed unto insurance companies in the form of high claims, making the Titan a high-risk model. Consequently, the insurance premiums for this model are among the highest in the truck segment.
Honda Ridgeline: High-Risk Due to Safety Concerns
The Honda Ridgeline is considered high-risk due to safety concerns. Some reports suggest that it doesn’t perform as well as other trucks in crash tests, leading to potential safety risks.
These safety concerns, coupled with the relatively high cost of repairs, result in higher insurance premiums. Despite its innovative features and comfortable ride, the Ridgeline remains a high-risk model for insurance companies.