How much does life insurance for truck drivers cost? Life insurance for truck drivers typically costs 30% to 50% more than standard rates due to high-risk occupation classification. A healthy 40-year-old truck driver might pay $100 to $200 per month for $500,000 in 20-year term coverage, compared to approximately $50 per month for someone in a standard-risk profession. Tobacco use, high BMI, chronic health conditions, and a poor driving record all increase premiums further. Applying when younger and healthier is the single most effective cost-reduction strategy.