How Much Does It Cost to Insure a Ford F-150?
Last Updated on September 30, 2023
The average Ford F-150 driver pays around $1,567 per year for full coverage car insurance, according to our research.
However, some Ford F-150 drivers pay less than $30 per month for F-150 insurance, while others pay $300 per month or more. Prices vary based on age, driving history, vehicle type, and dozens of other factors.
Keep reading to find out everything you need to know about the cost of insuring a Ford F-150.
- The average annual insurance cost for a Ford F-150 driver is approximately $1,567, equating to around $131 per month.
- Insurance premiums for the Ford F-150 can range from as low as $30 to as high as $300 per month, influenced by factors such as vehicle value, driving history, and location.
- Factors like the truck’s trim and value, the driver’s credit score, state-specific insurance regulations, and chosen coverage options can significantly impact the insurance cost.
- To secure affordable Ford F-150 insurance, drivers should regularly compare quotes, maintain a clean driving record, take advantage of discounts, and adjust coverage based on their needs.
The Average Ford F-150 Driver Pays $1,567 Per Year for Car Insurance
The Ford F-150, along with the Chevy Silverado and the Dodge Ram, are America’s most popular pick-up trucks year after year. Across the country, Ford F-150 drivers pay around $1,567 per year, on average, for car insurance, according to our research.
However, insurers consider many factors when calculating Ford F-150 insurance premiums. Some insurers charge higher or lower rates for trucks, for example. Some states have notoriously expensive – or famously cheap – car insurance premiums. Some drivers carry full coverage car insurance, while others carry minimum liability insurance.
Across all states, drivers, years, and trims of Ford F-150 trucks, however, drivers pay around $1,567 per year ($131 per month) to insure a Ford F-150.
Factors that Impact Ford F-150 Insurance
Insurers consider hundreds of factors when calculating how much you pay for truck insurance. Based on all of these factors, you could pay as little as $30 per month or as much as $300 per month to insure your Ford F-150.
Here are some of the factors that impact Ford F-150 insurance:
Trim, Year, and Vehicle Value: The base model, 2023 Ford F-150 has an MSRP of $34,585. However, the Ford F-150 Platinum has a starting MSRP of $64,695. Whether you have a base model Ford F-150, a King Ranch trim package, or other higher or lower package, your truck could have drastically different value. Insurers cover the full value of your vehicle. The more valuable your truck is, the more you’ll pay for Ford F-150 insurance.
Driving History: Do you have a clean driving history and 20 years of safe driving experience? Or are you a teenage driver with an at-fault accident and a speeding ticket on your record? Insurers consider driver-specific factors when calculating premiums. The safer and more experienced you are, the less you’ll pay for Ford F-150 insurance. Young drivers often pay particularly high insurance premiums with trucks – including the Ford F-150.
Repair Costs: If you live in a high-cost-of-living area, you may pay significantly more for labor than those in a low-cost-of-living area. Insurers consider local repair costs when assessing premiums. Some vehicles also cost less to repair than others. Pickup trucks, unfortunately, tend to be more costly to repair.
Credit Score & Other Driver-Specific Factors: Insurers consider your credit score when calculating premiums (unless you live in Hawaii, California, or Massachusetts, where insurers are forbidden from using your credit score to calculate rates). Your credit score and other driver-specific factors could significantly change your Ford F-150 premiums. The lower your credit score is, the more likely you are to make a claim on your Ford F-150.
State Insurance Factors: Some states have higher-than-average accident rates or strict insurance regulations. Insurers pass these higher costs onto drivers. That’s why Ford F-150 drivers in Michigan pay over $3,000 per year for truck insurance, on average, while those same Ford F-150 drivers in Maine pay less than $1,300 per year for identical coverage.
ZIP Code & Location Factors: Insurers consider the ZIP code where your Ford F-150 is parked most nights of the year. Some ZIP codes have high rates of crime, high accident rates, high population density, and other factors that increase your risk of making a claim. Generally, Ford F-150 drivers in big cities pay more for car insurance than Ford F-150 drivers in small towns.
Coverage Options: If you are financing or leasing your Ford F-150, then you need to carry full coverage car insurance on your truck until you pay it off. Most Ford F-150 owners continue to carry full coverage car insurance for many years after. Some drivers carry high coverage limits for added protection, while others take a risk with minimum liability coverage. Ford F-150 insurance could be as cheap as $500 per year on a minimum liability insurance plan in the right state.
How to Get Cheap Ford F-150 Insurance
Some drivers pay over $500 per month for Ford F-150 insurance. Others pay less than $60 per month. By comparing rates, taking advantage of discounts, and following other best practices, you could pay discount rates on Ford F-150 insurance.
Here are some of the tips for getting cheap Ford F-150 insurance:
- Compare quotes regularly. Some insurers dislike insuring trucks and charge relatively high premiums to Ford F-150 owners. Other insurers welcome Ford F-150s into their insurance pool. By comparing rates regularly, you can ensure you’re with the best possible insurer for your unique needs.
- Take advantage of discounts. Bundling discounts, safe driving discounts, low mileage discounts, and good student discounts can help you save hundreds per year on car insurance. Ask your insurer about discounts to see if you qualify.
- Maintain a safe driving record. The longer you go without at-fault accidents or citations, the better your record looks to insurers. Even if you have a mark on your record, that mark disappears over time when you maintain safe driving habits.
- Bundle multiple policies and vehicles together. Virtually all insurers offer bundling discounts, helping you save money when buying multiple car insurance policies or multiple insurance policies. Keep home and car insurance with a single company to save money.
- Adjust coverage as needed. You may not need full coverage car insurance on an old Ford F-150. The cost of repairing the truck may be more than the vehicle is worth. Adjust liability coverage limits and other limits based on your needs to ensure you’re paying the right rates for insurance.
Ford F-150 drivers pay around $131 per month, or $1,567 per year, for full coverage car insurance, according to our analysis.
However, some drivers pay less than $50 per month, while others pay more than $500 per month. Ford F-150 insurance premiums vary widely based on driving history, vehicle value, and dozens of other factors.
Compare quotes today to ensure you’re paying the best possible rates for Ford F-150 insurance.