1. Basic Liability Coverage: This covers the minimum legal requirements for liability coverage. The estimated annual cost can range from $2,500 to $4,000.
2. Comprehensive and Collision Coverage: This provides more comprehensive protection, including coverage for damages caused by accidents, theft, and other events. The estimated annual cost can range from $5,000 to $8,000.
3. Full Coverage: This includes both basic liability coverage and comprehensive and collision coverage. The estimated annual cost can range from $7,000 to $10,000.
To get a more accurate estimate of the insurance cost for your specific situation, it's best to contact an insurance company or agent who can assess your individual needs and provide you with a customized quote.