Compare the Cost of Ford F-150 Insurance by Model Year and Company

MoneyGeek found that the average cost of insuring a Ford F-150 is $1,184 per year. Compared to the national average across all car models, insuring a Ford F-150 is relatively inexpensive. It is important to note that rates will vary depending on the insurer you choose and the particulars of your car, such as the year of manufacture. To get the best deal, it’s recommended that you compare rates from different insurers.

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Car insurance premiums can vary from insurer to insurer, so it's important to compare rates to get the best insurance deal for your Ford F-150. Factors such as the year of manufacture of your car and your driving profile will also impact the cost of insurance. Some insurers will be pricier than others, so weighing your options before settling on a provider is always a good idea.

Key Takeaways

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The average insurance for a Ford F-150 is $1,184 annually, which is $243 less than the national average.

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The cost to insure a Ford F-150 can vary by as much as $394 per year depending on the insurance company.

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The cost of insurance for the Ford F-150 can vary by as much as $270 per year depending on how old your car is, with insurance rates being cheaper for older models.

How Much It Costs to Insure a Ford F-150 and the Cheapest Company

One of the determinants of how much you pay in insurance costs for your Ford F-150 is the insurer you pick. The average Ford F-150 insurance rate is $1,184 per year, but this cost can be higher or lower depending on the insurance company.

The cheapest insurer, USAA, costs an average of $1,041, while Allied is the most expensive at roughly $1,435. Depending on which insurer you choose, your costs can vary by up to $394 per year.

The Average Annual Cost of Ford F-150 Insurance by Company

MoneyGeek used a sample driver profile to obtain accurate and up-to-date information on insurance rates from different companies. In this scenario, the driver has 100/300/100 liability insurance with comprehensive and collision coverage.

The Average Cost to Insure a Ford F-150 by Company

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Is a Ford F-150 Expensive to Insure?

The cost of car insurance is dependent on a variety of factors. The value of the car is one of those factors. High-value or expensive cars will generally attract a higher premium. A high crash rating and car models that are more likely to be stolen will also result in higher premiums.

The Ford F-150 is typically inexpensive to insure compared to other car models. This relatively low cost of insurance is due to factors such as the low value and low horsepower of the Ford F-150. This model also has a good crash rating, which may also be a contributing factor to the inexpensive cost of insurance.

The Best Car Insurance Company for a Ford F-150

Cost is an important consideration when choosing an insurer for the Ford F-150, but it should not be the only factor. Customer experience should also be on your list of considerations. MoneyGeek’s rating system, which includes customer complaints, affordability, customer satisfaction and financial stability, found:

  • USAA is the best car insurance company for the Ford F-150. However, this insurer only serves military members and their families.
  • GEICO is the second-best insurance company for the Ford F-150 and the top option for people not in the military.

1
USAA
Score:99

5/5

Affordability

4.5/5

Claims Ratings

5/5

User Satisfaction

5/5

Financial Stability

2
GEICO
Score:86

4.7/5

Affordability

3.5/5

Claims Ratings

3/5

User Satisfaction

5/5

Financial Stability

3
State Farm
Score:84

4.4/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

5/5

Financial Stability

4
Progressive
Score:83

4.4/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

5
Allstate
Score:69

3/5

Affordability

4.5/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

How Much It Costs to Insure a Ford F-150 by Model Year

The average insurance cost for the Ford F-150 tends to be cheaper for older models. The value of a car depreciates with age, which decreases the cost of comprehensive and collision insurance.

A 2005 ford F-150 costs an average of $999 to insure, while a 2020 model costs roughly $1,269. That’s a difference of up to $270 per year.

Depending on the model year, the cheapest company can vary. The cheapest company for the 2020 Ford F-150 is USAA at an average of $1,059.

The Average Cost to Insure a Ford F-150 by Model Year

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  • Company
    Average Annual Rates (2020 model)
    Average Annual Rates (2019 model)
    Average Annual Rates (2018 model)
    Average Annual Rates (2017 model)
    Average Annual Rates (2016 model)
    Average Annual Rates (2010 model)
    Average Annual Rates (2005 model)
  • 1.
    $1,059
    $1,083
    $1,097
    $1,171
    $1,070
    $914
    $892
  • 2.
    $1,215
    $1,169
    $1,180
    $1,176
    $1,162
    $915
    $860
  • 3.
    $1,212
    $1,210
    $1,176
    $1,165
    $1,149
    $1,075
    $938
  • 4.
    $1,248
    $1,230
    $1,193
    $1,183
    $1,167
    $1,018
    $952
  • 5.
    $1,231
    $1,247
    $1,263
    $1,330
    $1,321
    $1,141
    $1,192

How Expensive Is It to Insure a Ford F-150 Compared to Other Cars?

The average cost of insuring a Ford F-150 is $1,184, which is $243 less than the national average. This means that compared to other car models, it is inexpensive to insure a Ford F-150. Other car models may be more expensive to insure due to their higher value and other factors.

How Much It Costs to Insure a Ford F-150 for 16- to 25-Year-Olds

Insurance companies factor in driving experience when calculating premiums. This means that inexperienced drivers aged 16 to 25 years pay significantly higher insurance costs for the Ford F-150 since their lack of experience makes them riskier to insure.

For an 18-year-old, the average insurance cost for the Ford F-150 is $3,864 compared to the average cost of $1,184 for a 40-year-old driver.

To save money on car insurance, it is recommended that teens stay on their parent’s policy since getting their own policy can be more expensive.

You can find the cost of car insurance for a young driver from ages 16 to 25 below.

The Average Cost to Insure a Ford F-150 by Driver Age

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  • Age
    Average Annual Rates
  • 16
    $4,954
  • 17
    $4,388
  • 18
    $3,864
  • 19
    $2,768
  • 20
    $2,470
  • 21
    $1,955
  • 22
    $1,801
  • 23
    $1,648
  • 24
    $1,547
  • 25
    $1,404
  • 40
    $1,184

How Does Location Affect the Cost of Ford F-150 Insurance?

The insurance costs for the Ford F-150 referenced in this article are based on a national average. However, location can have a significant impact on the cost of insurance. You can find insurance information for your particular state on our state page analysis.

FAQs About Ford F-150 Insurance

Insurance costs vary depending on several criteria, including the model of your car. If you want to find out more about Ford F-150 insurance, here are some answers to frequently asked questions.

Read More About Car Insurance

Methodology

MoneyGeek collected thousands of Ford F-150 insurance rates across all available model years. The rates are based on a full coverage policy for a 40-year-old driver with the following benefits:

  • $100,000 in bodily injury liability insurance per person
  • $300,000 in bodily injury liability insurance per accident
  • $100,000 in property damage liability insurance per accident
  • Comprehensive and collision insurance with a $1,000 deductible

Rates represent averages and can provide guidance on what prices to expect. However, they may not match your specific rates.

About the Author


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Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.