Are Diesel Trucks More Expensive to Insure?
Diesel trucks are growing in popularity both in Logan and around the world, and it’s not hard to see why. Diesel trucks offer incredible performance and capabilities, along with jaw-dropping efficiency. So while there are tons of benefits, many customers ask us, are diesel trucks more expensive to insure? The answer is complicated. Let’s take a look at what goes into diesel truck technology and diesel truck insurance.
Gas-powered trucks are in no short supply on the Hillsboro roads, but you might be surprised by the number of diesel models that you see. The diesel truck market is growing more and more every day, thanks to impressive benefits like:
Before we answer, “Is insurance higher on a diesel truck?”, let’s take a step back and explain how insurance is calculated generally in American Fork. No matter what type of vehicle you purchase, insurance costs are based on the value of the vehicle. So, a higher-priced vehicle will be more to insure than a lower-priced vehicle. Because diesel trucks cost more to produce than standard gas trucks, diesel truck insurance is usually around 10-15% more than a gas truck.
You can save a lot on your diesel truck insurance if you buy used instead of new. While new diesel trucks may be more expensive to insure than a new gas truck, this isn’t true for used models. Used models have already undergone depreciation, which means the total price is lower – and insurance will typically be lower as well! So if you want a diesel truck that won’t break the bank, take a look at our used inventory.
Want to learn more about diesel truck insurance or take a test drive in the model of your choice? Contact us at Truck Ranch. Our team would be happy to help you find the right truck at the right price, and our finance team can create a plan that fits your budget perfectly. Stop by Logan or get in touch today!