Ford F150 vs. Chevrolet Silverado – Which Insurance is Cheaper?

• For the 2023 model year, a Ford F150 is cheaper to insure than a Chevrolet Silverado by an average of $142 per year.
• Average car insurance cost per month for the Chevrolet Silverado is 6.9% more expensive than the Ford F150, at $154 versus $165, a difference of $11.
• Out of seven models in the 2023 large truck segment, the Ford F150 ranks second and the Chevrolet Silverado ranks sixth for overall car insurance affordability.

Is insurance cheaper for a Ford F-150 or Chevy Silverado?

Average insurance rates for a 2023 Ford F150 are $1,842 per year, and a 2023 Chevrolet Silverado averages $1,984 per year, making the Ford F150 the cheapest of the two to insure.

Within each model, however, auto insurance cost varies significantly for different trim levels. In general, the higher the price of the vehicle, the higher the cost of insurance.

For a 2023 Ford F150, car insurance rates range from the lowest full-coverage rate of $1,572 per year for the XL Super Cab 4WD model up to the highest rate of $2,034 for the Lightning Platinum model.

For a 2023 Chevrolet Silverado, rates can range from $1,774 per year for the WT Regular Cab 4WD model up to $2,196 for the most expensive to insure ZR2 Crew Cab 4WD model.

When comparing both models, the cheapest model and trim level is the Ford F150 XL Super Cab 4WD at an average of $1,572 per year. The most expensive vehicle to insure is the Chevrolet Silverado ZR2 Crew Cab 4WD costing $2,196 per year.

For a 2023 Ford F150, the cheapest models are the XL Super Cab 4WD, XL Regular Cab, and XL Super Cab. The cheapest Chevrolet Silverado models include the WT Regular Cab 4WD, WT Double Cab 4WD, and WT Regular Cab 2WD.

The table below ranks the annual and monthly car insurance cost for 2023 Ford F150 and Chevrolet Silverado models, with average rates for each trim level.

The chart shown below demonstrates the average cost to insure both models for different driver ages. For a 2023 Ford F150, the average car insurance cost ranges from $1,674 to $3,636 per year for the age groups used in this illustration. A 2023 Chevrolet Silverado costs from $1,810 to $3,966 to insure per year.

Out of 27 Ford F150 trims, the cheapest 2023 trim level to insure is the XL Super Cab 4WD trim at an average cost of $1,572 per year. For the 20 trim levels available for the Chevrolet Silverado, the cheapest 2023 trim level to insure is the WT Regular Cab 4WD model at a cost of $1,774.

When all 47 trims of both models are combined and compared, the overall cheapest vehicle to insure is the Ford F150 XL Super Cab 4WD at an average cost of $1,572 per year, and the most expensive vehicle to insure is the Chevrolet Silverado ZR2 Crew Cab 4WD at an average cost of $2,196 per year.

The tables below illustrate both 2023 models and all trim levels available for each one, plus an average rate for each model. The cheapest of the two models to insure for the 2023 model year is the Ford F150.

2022 Ford F150 vs. Chevrolet Silverado

Average insurance rates for a 2022 Ford F150 are $1,646 per year, whereas insurance for a 2022 Chevrolet Silverado averages $1,828 per year, making the Ford F150 the model with lower average car insurance rates.

The cost of car insurance varies significantly depending on the trim level, however.

For a 2022 Ford F150, car insurance rates range from $1,418 per year for the XL Regular Cab 4WD model up to $1,874 for the Limited SuperCrew model.

For a 2022 Chevrolet Silverado, rates can range from $1,616 per year for the WT Regular Cab 4WD model up to $2,000 for the High Country Crew Cab 4WD model.

When comparing rates for both models from a trim-level perspective, the lowest-cost model and trim is the Ford F150 XL Regular Cab 4WD at an average rate of $1,418 per year, and the highest-cost model and trim is the Chevrolet Silverado High Country Crew Cab 4WD at an average of $2,000 per year.

For a 2022 Ford F150, the cheapest models are the XL Regular Cab 4WD, XL Super Cab 4WD, and XLT Regular Cab 4WD. The cheapest Chevrolet Silverado models include the WT Regular Cab 4WD, WT Double Cab 4WD, and WT Regular Cab 2WD.

On a monthly basis, car insurance rates for all 2022 Ford F150 and Chevrolet Silverado trim levels range from $118 to $167 per month.

The table shown below compares and ranks the yearly and monthly cost of car insurance for 2022 Ford F150 and Chevrolet Silverado models, showing average cost for each trim level.

The chart below shows average Ford F150 insurance rates compared to Chevy Silverado insurance rates for the 2022 model year and for drivers aged 20, 30, 40, and 50.

How does insurance cost for a 2022 Ford F150 compare to a Chevrolet Silverado?

• In the chart above, average insurance cost ranges from $1,496 to $3,258 per year for the Ford F150 and $1,670 to $3,666 per year for the Chevrolet Silverado.
• For a 20-year-old driver, the average cost is $408 less to insure a Ford F150 than a Chevrolet Silverado.
• A 30-year-old driver pays an average of $192 less to insure a Ford F150 than a Chevrolet Silverado.
• For a 40-year-old driver, average cost is $182 less per year to insure a Ford F150 than a Chevrolet Silverado.
• A 50-year-old driver pays an average of $174 less to insure a Ford F150 than a Chevrolet Silverado.
• For a 16-year-old driver, insurance on a Ford F150 costs an average of $5,942 per year and Chevrolet Silverado insurance costs an average of $6,746 per year, a difference of $804 per year.
• A low deductible policy could cost up to $472 more per year for the Ford F150 and $528 for the Chevrolet Silverado.
• A high deductible policy could save as much as $246 per year for the Ford F150 and $268 for the Chevrolet Silverado.

The tables below detail insurance rates for all trim levels of 2022 F150 and Silverado models. The 2022 Ford F150 has an average insurance cost of $1,646 and the 2022 Chevrolet Silverado is $1,828, making the Ford F150 cheaper by $182 per year.

2021 Ford F150 vs. Chevrolet Silverado

When comparing average insurance rates for 2021 models, a Ford F150 costs an average of $1,656 per year to insure and a Chevrolet Silverado costs $1,828, making the Ford F150 cheaper to insure by $172 per year for this model year.

The chart shown below illustrates the average cost to insure both models rated for multiple driver ages. For a 2021 Ford F150, the average car insurance cost ranges from $1,512 to $3,318 per year for the included driver ages. A 2021 Chevrolet Silverado costs from $1,670 to $3,668 to insure per year.

The 2021 Ford F150 has 43 trims available, with the cheapest trim level to insure being the XL Regular Cab 6.5 4WD model at an average cost of $1,474 per year, or about $123 per month.

For the 28 trims available for the Chevrolet Silverado, the cheapest 2021 model to insure is the WT Regular Cab 4WD trim at a cost of $1,616.

When rates for all 71 trim levels for both vehicles are compared, the cheapest trim to insure is the Ford F150 XL Regular Cab 6.5 4WD at an average cost of $1,474 per year, and the highest-cost model and trim level is the Chevrolet Silverado High Country Crew Cab 2WD at a cost of $2,072 per year.

The next tables illustrate average cost to insure each trim level for a 2021 Ford F150 and Chevrolet Silverado, including an overall average rate.

2020 Ford F150 vs Chevrolet Silverado

When comparing insurance rates for the 2020 Ford F150 and Chevrolet Silverado models, the Ford F150 is cheaper to insure by an average of $172 per year for 2020.

The chart shown below illustrates the average cost to insure both 2020 models rated for different driver ages. For a 2020 Ford F150, the average car insurance cost ranges from $1,492 to $3,278 per year. A 2020 Chevrolet Silverado costs from $1,650 to $3,628 to insure per year.

The 2020 Ford F150 has 43 trim levels available, with the cheapest trim level to insure being the XL Regular Cab 6.5 4WD model at an average cost of $1,456 per year.

For the 28 trims available for the Chevrolet Silverado, the cheapest 2020 trim to insure is the WT Regular Cab 4WD model at a cost of $1,594 per year, or around $133 per month.

When rates for all 71 trim levels for both vehicles are compared, the cheapest trim to insure is the Ford F150 XL Regular Cab 6.5 4WD at an average cost of $1,456 per year. The overall most expensive vehicle to insure is the Chevrolet Silverado High Country Crew Cab 2WD at an average cost of $2,048 per year.

The next two rate tables show the expected annual car insurance cost by trim level for both 2020 models, along with the average rate for each model. The model with the cheapest auto insurance rates for 2020 is the Ford F150.

2019 Ford F150 vs Chevrolet Silverado

When comparing insurance cost for 2019 models, the Ford F150 costs an average of $1,548 per year to insure and the Chevrolet Silverado costs $1,732, making the Ford F150 the winner by $184 for the 2019 comparison year.

The next chart visualizes the average cost to insure both 2019 models for a range of driver ages. The average car insurance cost ranges from $1,412 to $3,096 per year for a 2019 Ford F150, and $1,582 to $3,474 for a 2019 Chevrolet Silverado for the included age groups.

Out of 24 trims for the 2019 Ford F150, the cheapest rates are on the XL Regular Cab 4WD model at a cost of $1,326 per year, or around $111 per month. The 2019 Chevrolet Silverado has 28 trims available, with the cheapest model to insure being the Double Cab 4WD trim at an average cost of $1,620 per year, or around $135 per month.

When rates are compared for the 52 trim levels of both 2019 models, the lowest-cost model and trim level to insure is the Ford F150 XL Regular Cab 4WD at an average cost of $1,326 per year. The most expensive trim is the Chevrolet Silverado High Country Crew Cab 2WD costing an average of $1,898 per year.

The tables below display average car insurance rates for every trim level for both 2019 models, along with the average rate for each model. The winner for the 2019 car insurance cost comparison is the Ford F150.

2018 Ford F150 vs Chevrolet Silverado

When comparing car insurance rates for 2018 models, the Ford F150 costs an average of $1,490 per year to insure and the Chevrolet Silverado costs $1,676, making the Ford F150 the winner by $186 for the 2018 comparison year.

The chart shown below displays the average cost to insure both models for the 20 to 50-year-old driver age groups. Average car insurance cost ranges from $1,360 to $2,984 per year for a 2018 Ford F150, and $1,530 to $3,364 for a 2018 Chevrolet Silverado for the illustrated age groups.

Out of 24 trim levels for the 2018 Ford F150, the cheapest rates are on the XL Regular Cab 4WD model at a cost of $1,296 per year, or about $108 per month.

For the 32 trim levels available for the Chevrolet Silverado, the cheapest 2018 trim level to insure is the WT Regular Cab 4WD trim at a cost of $1,534.

When comparing car insurance rates for both models by trim level, the lowest-cost model and trim level to insure is the Ford F150 XL Regular Cab 4WD at an average of $1,296 per year. The most expensive model and trim level is the Chevrolet Silverado High Country Crew Cab 2WD costing an average of $1,850 per year.

The tables below illustrate all the available trims for both 2018 models, along with an average cost for each model. The cheapest model to insure for the 2018 model year is the Ford F150.

2017 Ford F150 vs Chevrolet Silverado

For 2017 Ford F150 and Chevrolet Silverado models, the Ford F150 has lower-cost car insurance by an average of $170 per year for 2017.

The rate chart below illustrates the average cost to insure both 2017 models using different driver ages. Insurance cost ranges from $1,306 to $2,860 per year for a 2017 Ford F150, and $1,462 to $3,210 for a 2017 Chevrolet Silverado for the age groups used in this illustration.

Out of 24 Ford F150 trims, the cheapest 2017 trim to insure is the XL Regular Cab 4WD trim at an average cost of $1,248 per year.

For the 30 trim levels available for the Chevrolet Silverado, the cheapest 2017 model to insure is the LS Regular Cab 4WD model at a cost of $1,480.

When all 54 trims of both models are combined and compared, the cheapest trim to insure is the Ford F150 XL Regular Cab 4WD at an average of $1,248 per year. The overall most expensive vehicle to insure is the Chevrolet Silverado High Country Crew Cab 2WD at an average cost of $1,780 per year.

The two tables below display trim level insurance rates for each 2017 model, plus the average rate for each model. The model with the cheapest overall car insurance cost for 2017 is the Ford F150.

2016 Ford F150 vs Chevrolet Silverado

For the 2016 Ford F150 and Chevrolet Silverado models, the Ford F150 has cheaper car insurance rates by an average of $188 per year for this model year.

The chart below displays the average cost to insure the two models using a range of rated driver ages. For a 2016 Ford F150, insurance cost ranges from $1,278 to $2,808 per year for the included driver ages. A 2016 Chevrolet Silverado costs from $1,450 to $3,184 to insure per year.

For the 22 trims available for the 2016 Ford F150, the cheapest trim to insure is the XL Regular Cab 4WD trim at an average cost of $1,240 per year, or around $103 per month. The 2016 Chevrolet Silverado has 30 trim levels available, with the cheapest model to insure being the LS Regular Cab 4WD model at an average cost of $1,464 per year, or $122 per month.

When rates for all 52 trim levels for both vehicles are compared, the cheapest vehicle to insure is the Ford F150 XL Regular Cab 4WD at a cost of $1,240 per year, and the highest-cost model and trim level is the Chevrolet Silverado High Country Crew Cab 2WD at a cost of $1,740 per year.

The tables shown below show both 2016 models and all trim levels available for each one, including an overall average cost for each model. The winner for the 2016 car insurance battle is the Ford F150.

2015 Ford F150 vs Chevrolet Silverado

When comparing average insurance rates for 2015 models, a Ford F150 costs an average of $1,410 per year to insure and a Chevrolet Silverado costs $1,480, making the Ford F150 cheaper to insure by $70 per year for this model year.

The rate chart below shows the average cost to insure the two models with different ages of drivers. The average cost of car insurance ranges from $1,292 to $2,828 per year for a 2015 Ford F150, and $1,352 to $2,948 for a 2015 Chevrolet Silverado for the illustrated age groups.

Out of 20 Ford F150 trims, the cheapest 2015 trim to insure is the XL Regular Cab 2WD model at an average cost of $1,246 per year, or $104 per month. Out of the 25 trim levels available for the Chevrolet Silverado, the cheapest 2015 trim level to insure is the LS Regular Cab 4WD model at a cost of $1,308.

When average car insurance prices for all 45 trim levels for the 2015 model year of both models are compared, the cheapest model and trim level to insure is the Ford F150 XL Regular Cab 2WD at an average cost of $1,246 per year, and the most expensive model and trim level is the Chevrolet Silverado High Country Crew Cab 2WD costing an average of $1,672 per year.

The tables below display average car insurance cost by trim level for a 2015 Ford F150 and Chevrolet Silverado, including an overall average rate.

Additional Ford F150 and Chevrolet Silverado Resources

• Ford F150 Insurance Rates
• Chevrolet Silverado Insurance Rates
• Large Truck Insurance Rate Comparisons