What Insurance Companies Cover Lifted Trucks?
What insurance companies cover lifted trucks? Are you looking for an insurance company that covers lifted trucks? A lot of insurance companies today do not cover lifted trucks. But we have successfully researched the top 10 insurance companies that cover lifted trucks for you.
Lifting your truck is a rite of passage for many truck owners. When most people lift their trucks, they don’t consider how it will affect their insurance.
Will it simply raise the price? Are there any restrictions on lift height, as there are with warranties? Will your insurance cover a lifted truck? What are the insurance companies that cover lifted trucks? We made this article to guide you through it all.
Insurance for pickup/lifted trucks
Whether you live in the wilderness or the city, owning a truck is distinct from driving a sedan or SUV. They are ideal for towing, tailgating, and reluctantly assisting friends with moving.
Trucks are the second least expensive vehicle type to insure on average, with an average annual premium of $1,731 in 2020. So. what insurance companies cover lifted trucks?
What insurance companies cover lifted trucks?
The following are insurance companies that cover lifted trucks.
1. Hagerty Classic Truck & Utility Vehicle Insurance
Hagerty offers specialized coverage to protect your truck during all stages of construction, whether you’re restoring, building, or just modifying.
2. Progressive Corporation
Progressive is the third-largest insurance carrier and the largest commercial auto insurer in the United States.
They provide insurance for lifted trucks.
3. GEICO Insurance Company
The Government Employees Insurance Company, GEICO, is a private American auto insurance company with headquarters in Chevy Chase, Maryland. It is the second largest auto insurer in the United States, after State Farm.
4. State Farm Insurance Companies
State Farm Insurance is a group of mutual insurance companies throughout the United States with corporate headquarters in Bloomington, Illinois. Founded in 1922, it is the largest property, casualty and auto insurance provider in the United States.
5. Allstate Insurance Company
Get all auto insurance quotes at Allstate.com. You’re in good hands with Allstate.
6. Safeco Insurance
Safeco Insurance is a proud part of Liberty Mutual Insurance, a Fortune 100 company. It is the sixth-largest personal lines insurer in the United States. They have insurance for lifted trucks.
7. American Express Car Insurance
American Express is one of the insurance companies that insure lifted trucks. Check them out today.
8. National General Insurance
National General is a division of GMAC. It is a property-based casualty insurance company. It is one of the best options for lifted truck insurance.
9. AXA XL Insurance
AXA XL offers insurance services for lifted trucks and motor truck cargo.
10. Liberty Mutual
Liberty Mutual Group is an American diversified global insurer and the sixth-largest property and casualty insurer in the United States.
Is my lifted truck covered?
The question of if your lifted truck is covered is determined by the policies of your insurance company.
Some insurance companies will not cover highly modified vehicles at all. Others (like we have mentioned above) will cover a lifted truck but exclude aftermarket parts and damage caused by aftermarket parts.
However, there are insurance companies that will cover a lifted truck, including aftermarket parts. We have been able to successfully list the top 10 insurance companies that cover lifted trucks for you.
You should expect your premiums to rise in cases where your truck can be insured. Insuring lifted trucks means paying more.
It stands to reason that the higher the cost of repairing a vehicle, the higher the cost of insuring it.
We recommend inquiring with your insurance provider about policy endorsements for aftermarket vehicles. This will save you money if something goes wrong with your modified vehicle or lifted truck.
Will auto insurance cover a lifted pickup truck?
Without a policy endorsement, insurance companies will not cover a damaged lift kit or non-OEM parts. Any costs associated with non-approved aftermarket parts, such as a suspension lift, will be the owner’s responsibility. Call your agent to see if your policy includes this coverage.
A lift kit, on the other hand, can be covered indirectly by negotiating and reworking the repair estimate part prices and labor with the insurance adjuster and body shop. Every repair estimate is unique and provides unique opportunities to make adjustments that will benefit all parties.
If you file a claim under the coverage of the at-fault party, their liability coverage is responsible for restoring your truck to pre-loss condition. All damaged parts, including a lift kit, must be replaced by the party at fault.
Modified Truck Insurance
It is not cheap to modify your truck. After installation, lift kits and wheels can cost thousands of dollars. Steel bumpers, winches, stereo systems, engine upgrades, and other accessories cost a huge amount of money. Which begs the question: will your insurance cover the cost of modifications if your truck is destroyed?
Short answer: probably not, unless you purchase extra coverage.
Ultimately, standard auto insurance does not provide comprehensive coverage for modified vehicles. If your vehicle has been modified, you may require additional insurance coverage. If you purchase this additional coverage, make sure to ask lots of questions.
Let me explain what I mean…
How to get your modifications covered
Some insurers provide a small amount of coverage for minor changes (up to $1,000, possibly less). If your truck has significant modifications, talk to your insurance agent about a modification endorsement.
A modification endorsement is an additional coverage designed specifically for changes. Upgraded wheels, lift kits, custom paint, stereo upgrades, and other similar items are usually covered by one of these endorsements.
Modification endorsements, on the other hand, have some limitations:
- Most insurance companies place an arbitrary cap on these endorsements. That value can be quite high ($10,000) or quite low ($2,500). Make sure to double-check.
- In addition to your standard deductible, there may be an additional deductible.
- The endorsement could only apply to the “actual value” of your modifications, not the “replacement value.” The actual value is the cost of a used lift kit, whereas the replacement value is the cost of purchasing a new lift kit.
- Your add-ons and accessories’ installation costs may not be covered.
- Illegal modifications (such as emissions cheat equipment, off-road performance parts, and illegal window tinting) are not covered.
So, when you speak with your insurance agent, don’t be afraid to ask questions. Allow them to walk you through some scenarios: What would your insurance cover if your modified truck was totaled? What if the lift kit is harmed in an accident? How are payouts determined? What kind of documentation is required? And other questions…
How much is truck insurance?
Truck insurance depends on the type of truck and other factors that determine the average cost of auto insurance. The average cost of auto insurance for a Ford F-150 is $110 per month, while the average cost of auto insurance for a GMC Sierra 1500 is $122. Commercial truck insurance premiums differ significantly from personal truck auto insurance premiums.
Average Monthly Truck Insurance Rates by Vehicle Make and Model
Source: J. D Power
| Vehicle Make and Model | Average Monthly Liability Rates | Average Monthly Collision Rates | Average Monthly Comprehensive Rates | Average Full Coverage Rates |
|---|---|---|---|---|
| Chevrolet Colorado | $21 | $37 | $31 | $102 |
| Ford Ranger | $21 | $39 | $31 | $105 |
| Ford F-150 | $27 | $39 | $31 | $110 |
| RAM 3500 | $22 | $33 | $48 | $121 |
| GMC Sierra 1500 | $28 | $50 | $31 | $122 |
| Toyota Tundra | $28 | $44 | $35 | $122 |
| Chevrolet Silverado 1500 | $27 | $47 | $35 | $124 |
| RAM 1500 | $30 | $47 | $35 | $127 |
| Ford F-Series Super Duty | $27 | $51 | $39 | $132 |
| Chevrolet Silverado 2500HD | $30 | $57 | $35 | $138 |
In Summary:
We have discussed the insurance companies that cover lifted trucks. Please let us know in the comment section below the best insurance company for lifted cars that you know. Thank you.
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