- Ford Expedition insurance costs an average of $1,864 per year or around $155 per month, depending on the trim level.
- The cheapest Expedition to insure is the XLT MAX trim level at an estimated $1,672 per year. The most expensive is the Platinum 4WD at $2,030 annually.
- When compared to other large SUVs, 2023 Ford Expedition insurance costs close to the average rate for the entire segment.
- Choosing to insure a used Ford Expedition could save $604 or more each year, depending on the age of the vehicle.
How much does Ford Expedition insurance cost?
Ford Expedition car insurance costs an average of $1,864 per year for full coverage, or $155 if paid each month. With the average large SUV costing $1,982 a year to insure, the Ford Expedition ranks third out of nine models in the segment.
The following chart demonstrates average car insurance rates on a 2023 Ford Expedition using an assortment of different driver ages and risk profiles.
|Driver Risk Profile||Annual Rate||Monthly Rate|
|High Risk Driver Age 30||$4,240||$353|
|Safe Driver Age 20||$3,712||$309|
|At-fault Accidents Age 40||$2,622||$219|
|Low Deductibles Age 40||$2,462||$205|
|Safe Driver Age 30||$1,970||$164|
|Safe Driver Age 40||$1,864||$155|
|Safe Driver Age 50||$1,696||$141|
|Safe Driver Age 60||$1,668||$139|
|High Deductibles Age 40||$1,556||$130|
|Discount Rate Age 40||$1,548||$129|
To give you a better idea of how much Expedition insurance rates can vary, think about the fact that a liability-only policy for a Ford Expedition in the cheaper areas of Wisconsin or Indiana can be as low as $232 a year.
For an identical vehicle, a teenager with a couple of driving violations and maybe an accident or two in certain areas in New York City could total as much as $15,608 a year for a policy that provides full coverage.
Some additional insights about Expedition insurance rates include:
- Your employer could lower your rates. The vast majority of auto insurance providers offer policy discounts for earning a living in occupations like college professors, high school and elementary teachers, firefighters, members of the military, and others. If you can earn this discount, you could potentially save between $56 and $183 on your Ford Expedition insurance bill, depending on your age.
- Insuring teenagers can be very expensive. Average rates for full coverage Expedition insurance costs $6,590 per year for a 16-year-old driver, $6,192 per year for a 17-year-old driver, and $5,798 per year for an 18-year-old driver.
- Auto insurance is cheaper with higher deductibles. Raising your physical damage coverage deductibles from $500 to $1,000 could save around $308 per year for a 40-year-old driver and $600 per year for a 20-year-old driver.
- Choosing a low deductible may not make good financial sense. Lowering your policy deductibles from $500 to $250 could cost an additional $320 per year for a 40-year-old driver and $636 per year for a 20-year-old driver.
- More policy discounts mean cheap Ford Expedition insurance rates. Discounts may be available if the insureds are away-from-home students, work in certain occupations, are good students, insure multiple vehicles on the same policy, are loyal customers, or other policy discounts which could save the average driver as much as $316 per year on the cost of insuring a Ford Expedition.
- The older you get, the cheaper insurance rates become. The difference in insurance cost for a 2023 Ford Expedition between a 40-year-old driver ($1,864 per year) and a 20-year-old driver ($3,712 per year) is $1,848, or a savings of 66.3%.
- Bring up your credit score to save money. Drivers who maintain a credit score over 800 could see savings of $293 per year when compared to a credit rating of 670-739. Conversely, a below-average credit rating could cost around $339 more per year.
What is the cheapest Ford Expedition insurance?
With Ford Expedition auto insurance cost ranging from $1,672 to $2,030 per year for an average driver, the lowest-cost model to insure is the XLT MAX. The next cheapest trim level to insure is the XLT MAX 4WD at $1,706 per year.
Drivers should anticipate paying around $139 per month for a policy with full coverage, but this amount can vary based on a lot of factors like your age, driving record, where you live, and in some states, your credit history.
The priciest trim levels of Ford Expedition to insure are the Platinum 4WD and the King Ranch 4WD both at $2,030 per year. Those trims will cost an extra $358 per year over the cheapest XLT MAX model.
The table below breaks out average Ford Expedition car insurance cost by trim level for the 2023 model year for annual and semi-annual policy terms.
|Ford Expedition Trim Level||Annual Policy||Six-Month Policy||Per Month|
|XLT MAX 4WD||$1,706||$853||$142|
|Limited MAX 4WD||$1,784||$892||$149|
|XL STX 4WD||$1,808||$904||$151|
|King Ranch MAX||$1,838||$919||$153|
|King Ranch MAX 4WD||$1,854||$927||$155|
|Platinum MAX 4WD||$1,870||$935||$156|
|King Ranch 4WD||$2,016||$1,008||$168|
How does Expedition insurance cost rank?
The Ford Expedition ranks third out of nine total comparison vehicles in the large SUV class. The Expedition costs an average of $1,864 per year for full coverage insurance and the class average is $1,982 per year.
Expedition insurance costs $168 more per year than the Chevrolet Tahoe, $82 less than the GMC Yukon, $68 more than the Chevrolet Suburban, and $166 less than the Nissan Armada. The full comparison is shown in the chart below.
|8||GMC Hummer EV||$2,142||$278|
|9||Jeep Grand Wagoneer||$2,360||$496|
With an average MSRP of $72,043, the full-size non-luxury SUV models that are most similar in price to the Ford Expedition are the GMC Yukon, Toyota Sequoia, Chevrolet Suburban, and Jeep Wagoneer.
The list below details how each of those models compares to the Expedition both for the purchase price and the average cost to insure.
- Ford Expedition vs. GMC Yukon – The 2023 Ford Expedition has an average MSRP that is $1,429 cheaper than the GMC Yukon ($72,043 versus $73,472). Anticipate paying around $82 more each year for full-coverage insurance on the GMC Yukon compared to an Expedition.
- Ford Expedition vs. Toyota Sequoia – The average MSRP for a 2023 Ford Expedition is $2,776 more expensive than the Toyota Sequoia, at $72,043 compared to $69,267. Full-coverage insurance for the Toyota Sequoia costs an average of $8 more per year than the Ford Expedition.
- Ford Expedition vs. Chevrolet Suburban – The average MSRP for a 2023 Ford Expedition is $3,043 more expensive than the Chevrolet Suburban, at $72,043 compared to $69,000. The cost to insure a Ford Expedition compared to the Chevrolet Suburban is $68 more annually on average.
- Ford Expedition vs. Jeep Wagoneer – The 2023 Jeep Wagoneer has an average MSRP of $68,171 ($58,995 to $74,865), which is $3,872 cheaper than the average sticker price for the Expedition. Insuring a 2023 Ford Expedition compared to the Jeep Wagoneer costs an average of $266 less annually.
Will an older Expedition cost less to insure?
Insuring a 2013 Expedition in place of a 2023 model will save around $604 per year. Even a newer 2019 model will save an estimated $232 per year.
The table below illustrates average Ford Expedition insurance rates for the 2013 to 2023 model years. Average prices range from the cheapest rate of $1,260 for a 2013 Ford Expedition to the highest rate of $1,864 for a 2023 model.
|Model Year and Vehicle||Annual Rate||6-month Rate||Monthly Rate|
|2023 Ford Expedition||$1,864||$932||$155|
|2022 Ford Expedition||$1,804||$902||$150|
|2021 Ford Expedition||$1,802||$901||$150|
|2020 Ford Expedition||$1,776||$888||$148|
|2019 Ford Expedition||$1,632||$816||$136|
|2018 Ford Expedition||$1,576||$788||$131|
|2017 Ford Expedition||$1,568||$784||$131|
|2016 Ford Expedition||$1,574||$787||$131|
|2015 Ford Expedition||$1,340||$670||$112|
|2014 Ford Expedition||$1,332||$666||$111|
|2013 Ford Expedition||$1,260||$630||$105|
At some point as the vehicle gets older, you will have to make the decision to eliminate physical damage coverage (comprehensive and collision) from an insurance policy.
As a Ford Expedition depreciates over time, the costs required to keep physical damage insurance start to exceed the benefits. Deleting full coverage on an older Ford Expedition may save you $702 annually, depending on the deductibles and the age of the driver.