Hey guys, Brian here. When I bought my second truck, I noticed something interesting—my insurance premium was higher on my older rig than it was on the newer one. At first, I thought it didn’t make sense. Shouldn’t a newer truck cost more to insure? Turns out, there’s a bit more to it.

Let’s talk about how the age and condition of your truck can actually impact your insurance rates.

Why Older Trucks Can Cost More

It might seem backward, but insurance companies sometimes charge higher premiums for older trucks. Here’s why:

Breakdowns = Higher Risk
Older trucks tend to have more mechanical issues, which can lead to breakdowns, accidents, or cargo delays. That means more potential claims.
Safety Technology
Newer models have better safety features—lane assist, anti-lock brakes, collision avoidance, better visibility. Insurers love those features because they reduce accident risk.
Replacement Parts and Repairs
Finding parts for older models can be harder and more expensive, which drives up claim costs.

When a Newer Truck Might Cost More

Of course, it’s not always one-sided. Sometimes your newer truck can still raise your premium if:

It’s financed (the lender may require full coverage).
It has higher replacement value.
You add custom equipment like chrome packages, sleeper cabs, or refrigeration units—those all add to the insured value.

Keeping Premiums Low Regardless of Age

Here’s what I’ve learned that helps, no matter what you drive:

Keep maintenance records. If your truck’s older but well cared for, your broker can use that to help negotiate better rates.
Install dash cams and anti-theft devices. It shows you’re serious about safety.
Don’t skip inspections—clean DOT reports help prove your truck’s in solid shape.
Review your stated value. Make sure your policy reflects the real market value of your truck—not what you paid five years ago.

My Advice

Whether your truck’s brand new or has half a million miles on it, what matters most is how you maintain it. Insurers care about risk, not just age. Keep your rig in top shape, document your maintenance, and work with a broker who understands how to present your operation the right way.

Stay Covered and Save

If you want to make sure your truck is insured properly—without overpaying—call 516-277-0812 or fill out the online form here: Request a Trucking Insurance Quote. That’s what I did, and it helped me lock in better coverage without surprise costs.