2020 Ford F-150 Insurance Rates
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UPDATED: Apr 9, 2020
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Average insurance rates for a 2020 Ford F-150 are $1,322 a year for full coverage. Comprehensive costs approximately $322, collision costs $470, and liability coverage costs $372. Buying a liability-only policy costs as little as $438 a year, with high-risk insurance costing around $2,822. Teenage drivers receive the highest rates at $4,832 a year or more.
Annual premium for full coverage: $1,322
Rate estimates for 2020 Ford F-150 Insurance
Rate data is compiled from all 50 U.S. states and averaged for all 2020 Ford F-150 models. Rates are based on a 40-year-old male driver, $500 comprehensive and collision deductibles, and a clean driving record. Remaining premium consists of UM/UIM coverage, Medical/PIP, and policy fees.
Price Range by Coverage and Risk
For a driver in their 40's, prices range go from as low as $438 for only liability insurance to the much higher price of $2,822 for a driver who has had serious violations or accidents.
These differences show why everyone should compare rates using their specific location and risk profile, rather than using average rates.
Use the form below to get rates for your location.
Enter your zip code below to view companies based on your location that have cheap auto insurance rates.
Recommended Companies for Cheap 2020 Ford F-150 Insurance
There isn’t anyone who loves paying for auto insurance, in particular when they are paying too much. Due to the increasing number of choices of insurance companies, it’s difficult to choose the lowest price company.
Finding the best rates is not that difficult. If you are insured now or need a new policy, you can use this information to shop for the lowest rates while maximizing coverage. Drivers only need to know the most effective way to find the lowest price online.
How to buy insurance
Getting a low cost price on 2020 Ford F-150 insurance is not rocket science. Just take a couple of minutes to compare rate quotes provided by online insurance companies. Comparing prices online can be done in several different ways.
- The most efficient way to compare a lot of rates at once is a comparison rater form. This method keeps you from doing separate quotation requests for each price estimate. One quote request gets prices estimates from many national carriers.
- Another way to get comparison quotes requires visiting each company website and repeat the quote process. For sake of this example, we’ll pretend you want to compare Farmers, Esurance and GEICO. To find out each rate you need to spend time going to each site individually to enter your coverage information, which is why the first method is quicker.
- The least recommended method to shop rates to each insurance agency near you. Doing it all online makes this unnecessary unless you’re the type of person who wants the trained guidance that only a licensed agent can provide. Although you can price shop online and get advice from an agent in your area.
You can use whichever method you prefer to find lower rates, just do your best to use identical coverage data on every quote you get. If you enter differing limits it will be very difficult to get a fair rate comparison.
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Insurance agents can help
When it comes to choosing adequate coverage, there really is no perfect coverage plan. Everyone’s situation is unique so your insurance needs to address that. Here are some questions about coverages that might help in determining if your situation might need professional guidance.
- Is my trailer covered?
- Can my teen drive my company car?
- What is medical payments coverage?
- Do I need replacement cost coverage on my 2020 Ford F-150?
- Am I covered if I wreck a rental car?
- Does my car insurance cover rental cars?
- Can I afford to pay high deductible claims out of pocket?
If you can’t answer these questions then you might want to talk to an agent. If you don’t have a local agent, complete your zip code. It’s fast, free and can help protect your family.
Car insurance coverage breakdown
Having a good grasp of your car insurance policy can help you determine the right coverages and the correct deductibles and limits. The coverage terms in a policy can be confusing and reading a policy is terribly boring. Listed below are the normal coverages offered by car insurance companies.
Coverage for liability
This coverage will cover damages or injuries you inflict on people or other property by causing an accident. It protects YOU from legal claims by others, and does not provide coverage for your injuries or vehicle damage.
Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 50/100/50 which stand for $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000.
Liability can pay for claims such as structural damage, medical services, repair costs for stationary objects, bail bonds and loss of income. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.
Med pay and Personal Injury Protection (PIP)
Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses like rehabilitation expenses, ambulance fees and X-ray expenses. They can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. They cover both the driver and occupants in addition to being hit by a car walking across the street. PIP is not universally available and may carry a deductible
Collision coverage pays to fix your vehicle from damage resulting from a collision with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.
Collision coverage protects against claims such as backing into a parked car, colliding with another moving vehicle, damaging your car on a curb and sustaining damage from a pot hole. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to increase the deductible to bring the cost down.
Uninsured/Underinsured Motorist (UM/UIM)
This protects you and your vehicle when other motorists either have no liability insurance or not enough. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.
Due to the fact that many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.
This covers damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for things like hitting a deer, hail damage, damage from flooding, a broken windshield and rock chips in glass. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.
Rates by U.S. City
|New York City, NY||$2,088|
|Los Angeles, CA||$2,259|
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Rates by Driver Age
Full coverage, $500 deductibles
Rates by Deductible
Full coverage, driver age 40
Rates by Liability Limit
Full coverage, driver age 40
Rates for High Risk Drivers
Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident
If a financial responsibility filing is required, the additional charge below may also apply.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
|5-yr Accident Free||$93|
|5-yr Claim Free||$83|
|Paid in Full/EFT||$58|
Discounts are estimated and may not be available from every company or in every state.