In general, the higher the trim level of the F-150 you buy, the more it will cost to insure it. Drivers can save an average of $167 per year when insuring a 2023 Ford F-150. If you’re a safe driver, a usage-based program could reduce the cost of car insurance. In the next section, we compare insurance prices for all F-150 trim levels for the 2023 model year. To see how F-150 insurance prices compare in your area, simply enter your zip code under the table above and click the GO button. This also reinforces the importance of getting F-150 insurance quotes for the model you drive and your location rather than basing cost comparisons on average rates. Keep in mind that these rates are averaged for all F-150 trim levels, so the exact model you drive will be slightly different than the average rates. The cost of physical damage coverage (comprehensive and collision) tends to be cheaper on average for the F-150, but liability and medical expense coverage is just a little bit more expensive on average. It then compares each coverage to the average cost for all 2023 vehicles to see how the F-150 compares.īased on these results, the average cost of insurance on a 2023 F-150 is 5.7% cheaper than the overall national average insurance rate of $1,900 per year for all 2023 model year vehicles. The table below breaks out the average cost of each of these coverages on a typical Ford F-150 insurance policy. This is generally a lower limit of insurance than the coverage provided by personal injury liability insurance. Medical insurance or Personal Injury Protection pays for injuries to your vehicle’s occupants if you are in an accident. Liability insurance pays for damages to other people’s property or their injuries if you are responsible or negligent. Physical damage coverage consists of comprehensive and collision insurance, which pays to repair your F-150 if you have an accident or weather-related claim that involves damage to your pickup. There are three basic kinds of coverage on a car insurance policy, physical damage coverage, liability coverage, and medical coverage. Ford F-150 insurance cost by policy coverage For example, a DUI or even a couple of speeding tickets would cause rates to increase, quite significantly in the case of a DWI/DUI.Ĭonversely, getting married, buying a home, or improving your credit rating can cause the cost of F-150 insurance to drop even more with age. Drivers see significant savings as they age from 20 to 30, with about a $1,350 difference in those ten years.Īfter the age of 30, rates will continue to fall at a slower pace unless an insurability factor changes. The average insurance cost we use for our analysis is a 40-year-old driver with $500 deductibles, which clocks in at $1,794 per year. A policy with high deductibles will cost less than a comparable policy with a lower deductible option.Ģ023 Ford F150 Insurance Cost by Driver Age and Deductibles Driver Age With all other factors staying constant, car insurance rates drop as driver age increases up to about age 65, at which point rates begin to increase. The chart below shows how average Ford F-150 car insurance rates vary based on the age of the driver and the policy deductibles. Lower-cost work truck trim levels like the XL Regular Cab model tend to have the cheapest insurance rates, while tricked-out high-end trims like the Platinum and King Ranch models are more expensive to insure. When compared to the average insurance policy cost for the entire 2023 large truck segment, insurance rates for an F-150 are around $121 cheaper each year.Īverage Ford F-150 insurance cost per month ranges from $128 to $165, depending on the trim level of the truck being insured. auto insurance companies, USAA, GEICO, and Progressive tended to have some of the best F-150 insurance rates.Ģ023 Ford F-150 insurance costs on average $1,794 per year, or about $150 if paid each month. On average, the F-150 has the second cheapest insurance rates when compared to its main competitors in the half-ton pickup segment like the Chevy Silverado and Ram Truck.The XL Super Cab 4WD trim level has the cheapest insurance rates due to the relatively low MSRP of $42,995 and lower historical liability claims in relation to the 2-wheel drive version.Ford F-150 insurance cost averages $1,794 per year, or about $150 per month, for full coverage insurance, depending on the trim level.
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