Ford F-150 Insurance Rates
Since you own an F-150, you already know what a great truck it is. But finding the best insurance to protect your investment is not always as easy as it seems.
Insurance rates are determined by a lot, and we mean a LOT of factors, so we are going to break them down and help you learn a little about what influences the cost of insurance for a Ford F-150.
Let’s start be taking a look at the summary of how much it costs to insure an F-150 for different policy coverages and driver risks.
The average insurance rates for a Ford F-150 are $1,258 a year with full coverage. Comprehensive costs approximately $306 each year, collision costs $446, and liability is $354. A liability-only policy costs around $416 a year, with high-risk insurance costing around $2,680. 16-year-old drivers cost the most to insure at $4,588 a year or more.
As you can see by the huge price difference (over $4,000 difference between liability-only and a teen driver with full coverage), the rate you will actually pay will most likely fall somewhere in the middle.
Car insurance coverage is generally divided into two categories, liability and physical damage coverage, with physical damage insurance consisting of comprehensive and collision. Liability insurance protects your assets if you are determined to be legally liable for damages, whereas physical damage coverage pays to fix any damage to your F-150 caused by collision, hail, fire, flood, etc.
Let’s now break down those coverages and see how they actually contribute to the cost of insurance on a Ford F-150.
Average premium for full coverage: $1,258
Policy rates by type of insurance:
Prices are based on $500 deductibles, 30/60 split liability limits, and includes uninsured motorist coverage. Prices are averaged for all U.S. states and F-150 models.
Price Range Variability
As you should have noticed by now, the price of insurance can vary considerably. The illustration below gives a visual representation of the lowest and highest price scenarios, excluding the sky-high price for insuring a teen driver.
For a driver around age 40, Ford F-150 insurance rates go from as low as $416 for only liability insurance to a high rate of $2,680 for a high-risk insurance policy.
Urban vs. Rural Price Range
Insurance companies factor in geographic location for a number of reasons including crime rates and weather. Areas prone to higher incidents of vehicle theft or hail storms will have rates adjusted upwards to account for higher claim frequency.
Choosing to live in a large city can make a big difference on the price of insurance. Rural locations are shown to have a lower frequency of collision claims than congested cities.
The graphic below illustrates the difference between rural and urban areas on auto insurance prices.
The examples above demonstrate why all drivers should compare rates quotes using their specific location and risk profile, instead of making a decision based on rate averages.
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Insurance Rate Analysis
The chart below details estimated Ford F-150 insurance rates for additional coverage and risk scenarios.
- The best full coverage rate is $741
- Raising to $1,000 deductibles will save $172 annually
- The average rate for a good driver age 40 who chooses $500 deductibles is $1,258
- Buying low deductibles will increase the cost to $1,584
- Drivers with multiple tickets or accidents could pay around $2,680 or more
- Policy cost for full coverage for a 16-year-old driver can cost $4,588
Car insurance rates for a Ford F-150 also range considerably based on your risk profile, the trim level and model year, and physical damage deductibles and liability limits.
More mature drivers with no driving violations and high deductibles may pay as low as $1,200 every 12 months on average, or $100 per month, for full coverage. Rates are highest for teenagers, where even good drivers will be charged in the ballpark of $4,500 a year. View Rates by Age
Your home state also has a big influence on Ford F-150 insurance prices. A middle-age driver might find rates as low as $1,010 a year in states like Utah, Ohio, and New Hampshire, or at least $1,880 on average in New York, Michigan, and Florida.
|State||Premium||Compared to U.S. Avg||Percent Difference|
Opting for high physical damage deductibles can reduce rates by up to $500 annually, whereas increasing liability limits will push rates upward. Moving from a 50/100 limit to a 250/500 limit will raise rates by up to $318 extra every 12 months. View Rates by Deductible or Liability Limit
If you have a few points on your driving record or tend to cause accidents, you may be forking out anywhere from $1,500 to $2,000 extra every year, depending on your age. Insurance for high-risk drivers is expensive and can cost from 44% to 134% more than the average rate. View High Risk Driver Rates
Because rates have so much variability, the best way to find out who has the cheapest auto insurance rates is to do a rate comparison from multiple companies. Every auto insurance company utilizes a different rate formula, so rate quotes will be varied from one company to the next.
Insurance Rates by Trim Level and Model Year
Rates assume 2018 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.
|Model Year||Comprehensive||Collision||Liability||Total Premium|
|2018 Ford F-150||$306||$446||$354||$1,258|
|2017 Ford F-150||$292||$428||$370||$1,242|
|2016 Ford F-150||$280||$424||$378||$1,234|
|2015 Ford F-150||$270||$414||$396||$1,232|
|2014 Ford F-150||$260||$398||$408||$1,218|
|2013 Ford F-150||$246||$384||$420||$1,202|
|2012 Ford F-150||$236||$356||$428||$1,172|
|2011 Ford F-150||$228||$336||$432||$1,148|
|2010 Ford F-150||$218||$300||$436||$1,106|
|2009 Ford F-150||$204||$276||$436||$1,068|
|2008 Ford F-150||$196||$260||$440||$1,048|
|2007 Ford F-150||$192||$242||$450||$1,036|
|2006 Ford F-150||$178||$224||$450||$1,004|
|2005 Ford F-150||$172||$204||$454||$982|
|2004 Ford F-150||$160||$186||$450||$948|
|2003 Ford F-150||$152||$170||$450||$924|
|2002 Ford F-150||$146||$152||$446||$896|
|2001 Ford F-150||$144||$148||$436||$880|
|2000 Ford F-150||$142||$142||$428||$864|
|1999 Ford F-150||$130||$134||$424||$840|
Rates are averaged for all Ford F-150 models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.
How to Find Affordable Ford F-150 Insurance
Finding cheaper rates on insurance for a Ford F-150 consists of being a safe driver, having above-average credit, not filing small claims, and avoiding coverage lapses. Set aside time to compare rates at least every other year by getting rate quotes from direct companies like GEICO, Progressive, and Esurance, and also from several local insurance agents.
Here is a brief review of the car insurance concepts covered above.
- Drivers considered higher risk with DUI or reckless driving convictions pay on average $1,420 more per year for insurance
- You may be able to save around $150 per year simply by quoting online in advance
- Increasing comprehensive and collision deductibles can save around $500 each year
- Insureds who purchase more liability insurance will pay around $390 every year to raise from a 30/60 limit to 250/500 limits
Now that’s a lot of information to absorb from one article. The key takeaways we want you to learn are that auto insurance costs are constantly changing. The cost to insure a Ford F-150 today will be different that the cost in six or 12 months.
Insurance companies adjust rates frequently as their underwriting goals and profitability outlook changes. A downturn in the investment markets can result in an uptick in car insurance rates as insurance companies try to maintain profitability and appease their shareholders.
If it feels like you’re cutting checks at the whim of a big corporation, you’re right, but you do actually have considerable control over how much you pay for auto insurance. Personal risk factors play the largest part in determining the cost to insure a Ford truck, so take the following things into consideration the next time you hit the highway.
- Avoiding tickets and at-fault accidents are the best way to keep rates down.
- Keep an eye on your credit score and take proactive steps to ensure it remains at a high level. 720 and above is generally considered good, with anything over 800 being excellent.
- Shop around because there are many, many options for auto insurance and you are not obligated to remain with the same company.
- The younger you are, the more expensive it will be to buy car insurance. You can raise your deductibles to lower the cost, but just make sure you have enough savings to cover the extra out-of-pocket expense you may incur if you have a physical damage claim.
- Check with you agent or company to make sure you’re getting every discount you’re entitled to. Some discounts, like being a member of a professional organization, are not always clearly stated so make sure your agent or company reviews every possible discount available.
Finding the best insurance for your Ford F-150 is a balance of cost and company reliability. If you just want the cheapest insurance, it’s an easy comparison on price alone. But if you want a company that has a good price along with a stellar reputation, then you will need to do a little more work.
Online reviews are a great place to start to narrow down your options, and also talk to friends and family about their experiences with their insurance company. You can quickly create a small list of candidates to obtain price quotes from and you’ll be well on your way to finding the best insurance for America’s best-selling truck, the Ford F-150!
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Rate Tables and Charts
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||$88|
|5-yr Claim Free||$79|
|Paid in Full/EFT||$55|
Discounts are estimated and may not be available from every company or in every state.