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


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Updated: August 8, 2024

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Ford F-150 insurance costs vary greatly depending on age and the car model year. Ford F-150 insurance for a 16-year-old costs an average of $5,748 per year, while a similar policy for a 40-year-old is much cheaper at $1,248 per year. Rates also vary by model year, with a 2022 Ford F-150 costing $1,409 per year to insure — $269 more than the cost of a 2009 model.

MoneyGeek also ranked insurers based on affordability and service and claims experience to help you find the best insurer.

Key Takeaways

Insuring a Ford F-150 averages $1,280 per year or $107 per month. This cost is relatively cheap due to the F-150's low MSRP and excellent safety ratings.

State Farm offers the cheapest full coverage for a Ford F-150 at $1,024 per year. The most expensive option is Farmers at $1,478 per year, a potential savings of $454.

Insuring a 2009 Ford F-150 costs around $1,140 annually, while a 2022 model costs approximately $1,409 per year. Newer models generally have higher insurance costs due to their higher market value.

MoneyGeek Logo IconCar Insurance CostsFord F-150
2024

Why Trust MoneyGeek? We collected thousands of car insurance quotes from Quadrant Information Services to analyze the average rates for a Ford F-150.

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These rates were updated to reflect the average cost of car insurance for a Ford F-150 as of 2023.

10Companies Compared
 
41,832 Quotes Analyzed

Average Cost and Cheapest Companies for Insuring a Ford F-150

The average cost of insuring a Ford F-150 is $1,280 per year, but rates will vary depending on the insurer you pick. For a full coverage policy, State Farm is the cheapest at $1,024 per year, while Farmers has the highest rates at $1,478 per year.

For minimum coverage, the cheapest car insurance for a Ford F-150 is also offered by State Farm at $488 per year, while Farmers has the most expensive rates for a similar policy at $740 per year.

Data filtered by:Results filtered by:
Age:
Age:40
Coverage:
Coverage:Full Coverage
State FarmAverage Annual Premium$1,024
GEICOAverage Annual Premium$1,092
TravelersAverage Annual Premium$1,157
NationwideAverage Annual Premium$1,266
AllstateAverage Annual Premium$1,319
ProgressiveAverage Annual Premium$1,427
FarmersAverage Annual Premium$1,478

Is a Ford F-150 Expensive to Insure?

When determining Ford F-150 insurance costs, insurers consider factors like value, safety record and theft rates. On average, it is relatively cheap to insure a Ford F-150 compared to other car models. This car is moderately priced with a MSRP of $31,685 for a 2022 model, meaning its repair costs are relatively low. Additionally, it has excellent safety ratings, which also contributes to the low cost of insurance since the risk to the insurer is reduced.

Best Companies for Insuring a Ford F-150

Apart from cost, it's also important to consider factors like service and claims experience when shopping for the best Ford F-150 insurance provider.

MoneyGeek found that the best car insurance companies for Ford F-150 insurance are:

  • State Farm: MoneyGeek score of 90 out of 100 ($1,024 per year)
  • GEICO: MoneyGeek score of 88 out of 100 ($1,092 per year)

State Farm ranked first for affordability and second for customer satisfaction among the insurers in our comparison group, making it the best option for a balance of cost and great service.

MoneyGeek Top Pick: State Farm

State Farm

pros

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Ranked first for affordability

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Earned the second-highest customer satisfaction scores

cons

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Doesn’t offer gap insurance or deductible modification coverage

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Has a below-average claims rating

COMPANY HIGHLIGHTS

State Farm offers the best Ford F-150 insurance, balancing affordable rates with great service. State Farm has the cheapest rates and ranks second for customer satisfaction among the seven companies we analyzed. However, its coverage options are limited.

State Farm offers roadside assistance coverage, which can come in handy if your Ford F-150 breaks down and you need emergency services. This coverage will pay for services like towing, mechanical labor or tire change. It will also cover gas or oil delivery and locksmith services.

You can also opt for rental car or travel reimbursement coverage as an add-on. With this coverage, your policy will help pay for a rental car and travel expenses, such as meals, lodging and transportation, up to $500 if your truck is in the shop following a covered accident.

Read MoneyGeek's State Farm Auto Insurance Review

MoneyGeek Runner-Up: GEICO

GEICO

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Ranked second for affordability

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Earned the third-highest customer satisfaction score

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Has unique add-on coverages

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Has a low claims rating

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Doesn’t offer gap insurance

COMPANY HIGHLIGHTS

GEICO ranked second for affordability and third for customer satisfaction among the insurers we evaluated. This provider offers a combination of reasonable rates, good service and unique coverage options.

If you have a new Ford F-150 with less than 15,000 miles, GEICO's mechanical breakdown insurance (MBI) is a valuable add-on that can cover all parts and systems in your vehicle, including those not covered by the dealer. GEICO also offers accident forgiveness to help you avoid premium increases after your first at-fault accident. You can purchase this coverage as an add-on to your policy or earn it by remaining accident-free for at least five years.

In addition, GEICO provides several essential coverages, including roadside assistance to cover the cost of emergency services like towing, mechanical labor or gas delivery, and rental car reimbursement cover travel expenses incurred while your car is getting repaired.

Read MoneyGeek's GEICO Auto Insurance Review

Cost of Insuring a Ford F-150 by Model Year

The average cost of car insurance varies depending on model year. Insuring a 2022 Ford F-150 costs $1,409 per year, while a 2009 model costs $1,140 per year. Newer models are more expensive since they have a higher value than older models.

Data filtered by:Results filtered by:
Age:
Age:40
Coverage:
Coverage:Full Coverage
2022Average Annual Premium$1,409
2021Average Annual Premium$1,367
2020Average Annual Premium$1,317
2019Average Annual Premium$1,319
2018Average Annual Premium$1,297
2017Average Annual Premium$1,257
2016Average Annual Premium$1,270
2015Average Annual Premium$1,258
2014Average Annual Premium$1,200
2013Average Annual Premium$1,195
2012Average Annual Premium$1,165
2011Average Annual Premium$1,130
2010Average Annual Premium$1,147
2009Average Annual Premium$1,140

The average cost of car insurance can also vary based on the Ford F-150 model year and provider. State Farm offers the cheapest rates for a 2009 model at $855 per year and is also the cheapest option for a 2022 model at $1,167 per year.

Data filtered by:Results filtered by:
Model Year:
Model Year:2022
Age:
Age:40
Coverage:
Coverage:Full Coverage
State FarmAverage Annual Premium$1,167
GEICOAverage Annual Premium$1,193
TravelersAverage Annual Premium$1,315
NationwideAverage Annual Premium$1,364
ProgressiveAverage Annual Premium$1,606
AllstateAverage Annual Premium$1,623
FarmersAverage Annual Premium$1,666

Cost of Insuring a Ford F-150 for 16- to 25-Year-Olds

Car insurance is much more costly for teens and drivers in their 20s compared to drivers in their 30s and 40s. Ford F-150 insurance costs an average of $5,748 per year for a full coverage policy for a 16-year-old, while the same policy for a 40-year-old costs just $1,248 per year. Teen car insurance rates typically decrease as a driver ages through their teenage years and stabilize during their 20s.

Data filtered by:Results filtered by:
Coverage:
Coverage:Full Coverage
16Average Annual Premium$5,748
17Average Annual Premium$4,669
18Average Annual Premium$4,093
19Average Annual Premium$2,840
20Average Annual Premium$2,568
21Average Annual Premium$1,972
22Average Annual Premium$1,822
23Average Annual Premium$1,692
24Average Annual Premium$1,606
25Average Annual Premium$1,449

The cheapest way to get teen car insurance is through a family policy, since individual policies for teens tend to be very expensive. In addition, teens under 18 are legally required to have a parent or guardian co-sign if they purchase an individual policy.

State Farm offers the cheapest teen car insurance for a Ford F-150, with an average rate of $3,762 per year for an individual policy. Progressive is the most expensive option at $8,571 per year. To get the cheapest rates, it's always a good idea to shop around and compare quotes from different providers.

Data filtered by:Results filtered by:
Age:
Age:16
Model Year:
Model Year:2022
Coverage:
Coverage:Full Coverage
State FarmAverage Annual Premium$3,762
TravelersAverage Annual Premium$5,217
NationwideAverage Annual Premium$5,533
GEICOAverage Annual Premium$5,534
AllstateAverage Annual Premium$7,530
FarmersAverage Annual Premium$8,479
ProgressiveAverage Annual Premium$8,571

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

The car make and model and the driver's age impact car insurance rates, but location can be an even bigger determining factor. Car insurance rates vary significantly depending on the state — New York has the most expensive rates, on average, while Idaho has the cheapest. You can compare quotes from the cheapest insurers in your state to get the best rates for Ford F-150 insurance.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
AlabamaCheapest CompanyNationwideAnnual Premium$709Monthly Premium$59
AlaskaCheapest CompanyState FarmAnnual Premium$699Monthly Premium$58
ArizonaCheapest CompanyRoot Insurance CompanyAnnual Premium$682Monthly Premium$57
ArkansasCheapest CompanyState FarmAnnual Premium$629Monthly Premium$52
CaliforniaCheapest CompanyAAA CaliforniaAnnual Premium$1,001Monthly Premium$83
ColoradoCheapest CompanyAmerican National P&CAnnual Premium$541Monthly Premium$45
ConnecticutCheapest CompanyGEICOAnnual Premium$693Monthly Premium$58
DelawareCheapest CompanyState FarmAnnual Premium$881Monthly Premium$73
District of ColumbiaCheapest CompanyGEICOAnnual Premium$662Monthly Premium$55
FloridaCheapest CompanyState FarmAnnual Premium$1,058Monthly Premium$88
GeorgiaCheapest CompanyCountry FinancialAnnual Premium$665Monthly Premium$55
HawaiiCheapest CompanyGEICOAnnual Premium$565Monthly Premium$47
IdahoCheapest CompanyAmerican National P&CAnnual Premium$299Monthly Premium$25
IllinoisCheapest CompanyCountry FinancialAnnual Premium$663Monthly Premium$55
IndianaCheapest CompanyAmerican FamilyAnnual Premium$555Monthly Premium$46
IowaCheapest CompanyState FarmAnnual Premium$509Monthly Premium$42
KansasCheapest CompanyNationwideAnnual Premium$670Monthly Premium$56
KentuckyCheapest CompanyNationwideAnnual Premium$790Monthly Premium$66
LouisianaCheapest CompanyLouisiana Farm BureauAnnual Premium$1,048Monthly Premium$87
MaineCheapest CompanyConcord GroupAnnual Premium$521Monthly Premium$43
MarylandCheapest CompanyProgressiveAnnual Premium$938Monthly Premium$78
MassachusettsCheapest CompanyState FarmAnnual Premium$483Monthly Premium$40
MichiganCheapest CompanyGEICOAnnual Premium$898Monthly Premium$75
MinnesotaCheapest CompanyState FarmAnnual Premium$797Monthly Premium$66
MississippiCheapest CompanyDirect General InsuranceAnnual Premium$723Monthly Premium$60
MissouriCheapest CompanyNationwideAnnual Premium$909Monthly Premium$76
MontanaCheapest CompanyProgressiveAnnual Premium$437Monthly Premium$36
NebraskaCheapest CompanyAmerican National P&CAnnual Premium$405Monthly Premium$34
NevadaCheapest CompanyCSAAAnnual Premium$940Monthly Premium$78
New HampshireCheapest CompanyState FarmAnnual Premium$540Monthly Premium$45
New JerseyCheapest CompanyPlymouth Rock AssuranceAnnual Premium$895Monthly Premium$75
New MexicoCheapest CompanyState FarmAnnual Premium$644Monthly Premium$54
New YorkCheapest CompanyKemperAnnual Premium$781Monthly Premium$65
North CarolinaCheapest CompanyErieAnnual Premium$630Monthly Premium$52
North DakotaCheapest CompanyAmerican FamilyAnnual Premium$616Monthly Premium$51
OhioCheapest CompanyNationwideAnnual Premium$485Monthly Premium$40
OklahomaCheapest CompanyState FarmAnnual Premium$662Monthly Premium$55
OregonCheapest CompanyState FarmAnnual Premium$706Monthly Premium$59
PennsylvaniaCheapest CompanyNationwideAnnual Premium$580Monthly Premium$48
Rhode IslandCheapest CompanyState FarmAnnual Premium$700Monthly Premium$58
South CarolinaCheapest CompanyAmerican National P&CAnnual Premium$463Monthly Premium$39
South DakotaCheapest CompanyAllstateAnnual Premium$746Monthly Premium$62
TennesseeCheapest CompanyState FarmAnnual Premium$579Monthly Premium$48
TexasCheapest CompanyState FarmAnnual Premium$699Monthly Premium$58
UtahCheapest CompanyNationwideAnnual Premium$725Monthly Premium$60
VermontCheapest CompanyState FarmAnnual Premium$493Monthly Premium$41
VirginiaCheapest CompanyAmerican FamilyAnnual Premium$601Monthly Premium$50
WashingtonCheapest CompanyPEMCOAnnual Premium$534Monthly Premium$44
West VirginiaCheapest CompanyErieAnnual Premium$784Monthly Premium$65
WisconsinCheapest CompanyGEICOAnnual Premium$556Monthly Premium$46
WyomingCheapest CompanyState FarmAnnual Premium$745Monthly Premium$62

Frequently Asked Questions About Ford F-150 Insurance

To help you find the best Ford F-150 insurance, we answered common questions about cost and service quality.

What company has the cheapest car insurance for a Ford F-150?
What company offers the best car insurance for a Ford F-150?

About Mark Fitzpatrick


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Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.