Toyota Tacoma vs. Ford Ranger Insurance Cost

• A 2024 Ford Ranger is generally cheaper to insure than a 2024 Toyota Tacoma by an average of $136 per year, $2,428 compared to $2,292.
• For a 2024 Toyota Tacoma, average full-coverage car insurance rates range from $2,204 to $2,672 per year, while car insurance cost for a 2024 Ford Ranger ranges from $2,122 to $2,488.
• Out of 10 models in the 2024 midsize truck segment, the Toyota Tacoma ranks seventh and the Ford Ranger ranks third for cheapest car insurance cost.

Is Toyota Tacoma or Ford Ranger insurance cheaper?

For 2024 models, the cheapest model to insure is the Ford Ranger. Insurance rates on a Toyota Tacoma cost an average of $2,428 per year, whereas insurance for the Ford Ranger averages $2,292 per year.

For the 19 trims available for the 2024 Toyota Tacoma, the cheapest trim level to insure is the SR XtraCab 2WD trim at an average cost of $2,204 per year, or around $184 per month.

The 2024 Ford Ranger has seven trim levels available, with the cheapest model to insure being the XL Crew Cab trim at an average cost of $2,122 per year, or $177 per month.

When rates for all 26 trim levels for both vehicles are compared, the cheapest model and trim level is the Ford Ranger XL Crew Cab at a cost of $2,122 per year. The most expensive trim is the Toyota Tacoma Trailhunter at an average of $2,672 per year.

The next table compares the 12-month and monthly car insurance cost for 2024 Toyota Tacoma and Ford Ranger models, showing average cost by trim level for each model.

The chart shown below shows the average cost to insure both models using a range of rated driver ages. The average cost of car insurance ranges from $2,162 to $4,916 per year for a 2024 Toyota Tacoma, and $2,036 to $4,630 for a 2024 Ford Ranger for the illustrated age groups.

The next two tables display average car insurance cost by trim level for a 2024 Toyota Tacoma and Ford Ranger, as well as an average rate for each model. The 2024 Ford Ranger has more affordable average car insurance rates than the 2024 Toyota Tacoma.

2023 Toyota Tacoma vs. Ford Ranger

Insurance on a 2023 Toyota Tacoma averages $2,130 per year, whereas insurance for a Ford Ranger costs an average of $2,066 per year, making the Ford Ranger the winner with cheaper average insurance rates.

Out of 24 Toyota Tacoma trims, the cheapest 2023 trim level to insure is the SR Access Cab 4WD trim at an average cost of $1,978 per year.

For the 12 trim levels available for the Ford Ranger, the cheapest 2023 trim to insure is the XL Super Cab model at a cost of $1,904.

When looking at the aggregated rates by trim for both models, the cheapest vehicle to insure is the Ford Ranger XL Super Cab at an average of $1,904 per year, and the most expensive model and trim level is the Toyota Tacoma Limited 2WD costing $2,302 per year.

The next table ranks the 12-month and monthly car insurance cost for 2023 Toyota Tacoma and Ford Ranger models, showing average cost by trim level for each model.

The next chart shows the average cost to insure the two models rated for a variety of different driver ages. The average car insurance cost ranges from $1,890 to $4,286 per year for a 2023 Toyota Tacoma, and $1,840 to $4,144 for a 2023 Ford Ranger.

The two tables below display the cost to insure the available trim levels for both 2023 models, along with the average rate for each model. The 2023 Ford Ranger has cheaper average car insurance rates than the 2023 Toyota Tacoma.

2022 Toyota Tacoma vs. Ford Ranger

When comparing 2022 Toyota Tacoma and Ford Ranger models, the model having cheaper average car insurance is the Ford Ranger. Average car insurance rates for the Toyota Tacoma are $2,034 per year, while the Ford Ranger costs an average of $1,942 per year.

The actual cost of car insurance can vary considerably depending on the vehicle trim level, however. For a 2022 Toyota Tacoma, car insurance rates range from the cheapest price of $1,854 per year for the SR Access Cab 4WD model up to the highest rate of $2,298 for the TRD Pro AWD Automatic model. For a 2022 Ford Ranger, rates can range from $1,780 per year for the XL Super Cab model up to $2,062 for the Lariat Crew Cab 4WD model.

When comparing car insurance rates for both models by trim level, the most affordable model and trim level is the Ford Ranger XL Super Cab at an average of $1,780 per year. The overall most expensive vehicle to insure is the Toyota Tacoma TRD Pro AWD Automatic at an average cost of $2,298 per year.

For a 2022 Toyota Tacoma, the cheapest models are the SR Access Cab 4WD, SR Access Cab 2WD, and SR Double Cab 2WD. The cheapest Ford Ranger models include the XL Super Cab, XL Crew Cab, and XL Super Cab 4WD.

From a cost-per-month basis, car insurance rates for all 2022 Toyota Tacoma and Ford Ranger models range from $148 to $192 per month.

The table below ranks the cost of car insurance for 2022 Toyota Tacoma and Ford Ranger models, with average rates for every trim level for each model.

The chart below compares the annual average cost of Toyota Tacoma insurance to the cost of Ford Ranger insurance to see which 2022 model has cheaper insurance rates.

For the 19 trim levels available for the 2022 Toyota Tacoma, the cheapest model to insure is the SR Access Cab 4WD trim at an average cost of $1,854 per year, or $155 per month.

Out of the 12 trim levels available for the Ford Ranger, the cheapest 2022 trim level to insure is the XL Super Cab trim at a cost of $1,780.

When comparing car insurance rates for both models by trim level, the cheapest model and trim level to insure is the Ford Ranger XL Super Cab at an average of $1,780 per year, and the overall most expensive vehicle to insure is the Toyota Tacoma TRD Pro AWD Automatic costing $2,298 per year.

The next tables show the average cost to insure all 2022 trim levels, along with an average cost for each model. The model with the cheapest overall car insurance cost for 2022 is the Ford Ranger.

2021 Toyota Tacoma vs Ford Ranger

For 2021 Toyota Tacoma and Ford Ranger models, the Ford Ranger has cheaper car insurance rates by an average of $8 per year.

The chart below displays the average cost to insure both models for drivers aged 20 to 50. For a 2021 Toyota Tacoma, average car insurance cost ranges from $1,682 to $3,832 per year for the example age groups. A 2021 Ford Ranger costs from $1,690 to $3,788 to insure per year.

For the 14 trim levels available for the 2021 Toyota Tacoma, the cheapest model to insure is the Access Cab SR5 2WD trim at an average cost of $1,732 per year, or about $144 per month.

For the 11 trims available for the Ford Ranger, the cheapest 2021 model to insure is the XL Super Cab 2WD trim at a cost of $1,720.

When all 25 trims of both models are combined and compared, the cheapest trim to insure is the Ford Ranger XL Super Cab 2WD at a cost of $1,720 per year. The highest-cost model and trim is the Ford Ranger Lariat Super Cab 4WD at an average cost of $2,030 per year.

The next tables show average car insurance cost by trim level for each 2021 model, as well as the overall average rate for each model.

2020 Toyota Tacoma vs Ford Ranger

When comparing insurance rates for the 2020 Toyota Tacoma and Ford Ranger models, the Toyota Tacoma is cheaper to insure by an average of $8 per year for 2020.

The chart shown below demonstrates the average cost to insure both models with different ages of drivers. Average car insurance cost ranges from $1,632 to $3,714 per year for a 2020 Toyota Tacoma, and $1,652 to $3,704 for a 2020 Ford Ranger for the example age groups.

The 2020 Toyota Tacoma has 14 trims available, with the cheapest trim to insure being the Access Cab SR5 2WD trim at an average cost of $1,682 per year, or around $140 per month.

Out of the 11 trims available for the Ford Ranger, the cheapest 2020 trim level to insure is the XL Super Cab 2WD model at a cost of $1,682 per year, or around $140 per month.

When rates are compared for the 25 trim levels of both 2020 models, the overall cheapest vehicle to insure is the Toyota Tacoma Access Cab SR5 2WD at an average rate of $1,682 per year. The most expensive model and trim level is the Ford Ranger Lariat Crew Cab 4WD at an average cost of $1,992 per year.

The tables below illustrate average car insurance rates for every trim level for both 2020 models, including the average rate for each model.