The main advantage that you get from armored truck is that they are often cheap and easy to make if not always that efficient. Nevertheless, when that is the best you have, you do with it, just look at the Haganah before and at the time of Israel's creation.
They were using sandwich armored truck that were made from two thin metal sheets with plywood in between. I'm not sure if that would still be efficient today but that might deserve some thought. Any idea?
Here is a picture of sandwich truck, the only one I found.
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