Is It Cheaper to Insure a Ford F150 or a Chevy Silverado?

Last Updated on March 14, 2020

The Ford F150 and the Chevrolet Silverado are two of the most popular trucks in the United States. The trucks are priced at a similar rate – but do they have different insurance costs? Today, we’re helping you decide if it’s cheaper to insure a Ford F150 or a Chevy Silverado.

Cheaper Trucks Are Generally Cheaper to Insure

Generally speaking, a vehicle with a lower MSRP will be cheaper to insure than a vehicle with a higher MSRP.

ford f150 insuranceThe base model of the Ford F150 has an asking price of approximately $23,500. The Chevrolet Silverado, meanwhile, is priced at around $22,200.

That’s not a big difference at the base model. However, the F150 and Silverado have vastly different model options.

Depending on your model option, the F150 is priced between $23,500 and $25,600. The Chevrolet Silverado, meanwhile, ranges in price from $22,200 to $39,700 depending on your model option. Obviously, it’s going to cost more to insure a $40,000 truck than it is to insure a $24,000 truck, which is why you might see a significant difference in insurance options between a Ford F150 and a Chevy Silverado.

Keep in mind that the model type doesn’t include any features that you may add: the price of a Chevrolet Silverado can quickly climb past $50,000 when buying all the bells and whistles.

However, let’s compare base models with base models here: which truck is more expensive to insure when the price is approximately equal? Keep reading to find out.

Safer Trucks Are Cheaper to Insure

Safer trucks are always cheaper to insure than less safe trucks. Both the Ford F150 and Chevy Silverado have strong safety ratings – but slight differences between the two vehicles can lead to big differences in insurance prices.

chevy Silverado insuranceThe Ford 150 has a higher rating than the Chevrolet Silverado 1500 according to the Insurance Institute for Highway Safety (IIHS).

The 2018 Ford F150 scored a “Good” in terms of overall safety along with a Superior front crash prevention rating, for example. The Silverado 1500, by comparison, scored a “Marginal” driver safety rating and a “Basic” front crash prevention rating.

Both trucks scored a “Poor” in terms of headlight safety.

Ultimately, neither truck scores a perfect safety rating from the IIHS. However, the Ford F150 edges out the Chevrolet Silverado 1500 in some categories, which could lead to cheaper insurance rates.

The Ford F150 is One of the Most-Stolen Vehicles in America

There’s another factor in insurance prices: the Ford F150 is one of the most stolen vehicles in the United States. Part of this is due to visibility: the Ford F150 is one of the country’s most popular cars, and that popularity makes it a common target for thieves. Nevertheless, insurance companies take all statistics into account when calculating insurance rates – including vehicle theft rates.

The Chevrolet Silverado sometimes appears on the list of the most stolen trucks in the United States – but not as frequently as the Ford F150. Don’t expect this to have a major factor in insurance rates – but it may still play some factor.

Conclusion: Compare Insurance Prices Instantly Online to Get the Best Rates on Ford F150 and Chevy Silverado Insurance

There are hundreds of insurance companies available across the United States. There’s no excuse to stick with the same insurance company year after year. Compare insurance prices online instantly to get the best quotes on Ford F150 and Chevrolet Silverado trucks. Some insurance companies give particularly good rates to truck owners, while other insurers do not. Furthermore, some insurance companies put different weights on different risk factors – like credit score or rollover ratings. This can vastly change insurance rates between an F150 and a Chevrolet Silverado.

Ultimately, the biggest difference in insurance prices between the F150 and Silverado is in the model type. The two cars have vastly different model types that can have an enormous effect on your insurance.

Compare insurance rates online today and get the best price on Ford F150 and Chevrolet Silverado insurance.

James Shaffer
James Shaffer James Shaffer is a writer for and a well-seasoned auto insurance industry veteran. He has a deep knowledge of insurance rules and regulations and is passionate about helping drivers save money on auto insurance. He is responsible for researching and writing about anything auto insurance-related. He holds a bachelor's degree from Bentley University and his work has been quoted by NBC News, CNN, and The Washington Post.
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