Ford F-150 Insurance Cost for 2022

How much does Ford F-150 insurance cost? We compared rates from the base XL model up to the loaded Limited and Platinum trims to see how prices ranked against other full-size pickups.

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  • Ford F-150 insurance cost averages $1,478 per year, $739 for a 6-month policy, or $123 per month for full coverage insurance, depending on the trim level.
  • The 4-wheel drive XL regular cab trim level has the cheapest F-150 insurance rates due to the relatively low MSRP of $33,585 and lower historical liability claims in relation to the 2-wheel drive version.
  • On average, the F-150 has the cheapest cost of insurance when compared to its main competitors in the large truck segment like the Chevy Silverado and Ram Truck.
  • Buying a low deductible policy can increase rates to $1,906 a year, an increase of $428 a year or 29%, whereas high deductibles can decrease rates to $1,254 a year, a decrease of $224 a year or 15.2%.

How much does Ford F150 insurance cost?

Ford F-150 car insurance costs on average $1,478 a year, or about $123 if paid each month. When compared to the average insurance policy cost for the entire 2022 large truck segment, insurance rates for a F-150 are around $179 cheaper each year.

Average Ford F-150 insurance cost per month ranges from $106 to $140, depending on the trim level of the truck being insured.

Lower-cost work truck trim levels like the XL Regular Cab model tend to have the cheapest insurance rates, while tricked-out high-end trims like the Platinum and King Ranch models are more expensive to insure.

The chart below shows how average Ford F-150 car insurance rates vary based on the age of the driver and the policy deductibles. With all other factors staying constant, car insurance rates drop as driver age increases up to about age 65, at which point rates begin to increase. A policy with high deductibles will cost less than a comparable policy with a lower deductible option.

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Chart Data Details: Chart shows average insurance cost for a 2022 Ford F150 with safe driver and claim-free discounts applied. Rates are for full-coverage insurance and averaged for all U.S. states and all Ford F150 trim levels.Data last updated on September 27, 2022
Ford F-150 Car Insurance Rates
Ford F150 Insurance Cost by Driver Age and Deductibles
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$2,492$208
$500$2,920$243
$250$3,372$281
30$1,000$1,308$109
$500$1,548$129
$250$1,800$150
40$1,000$1,254$105
$500$1,478$123
$250$1,706$142
50$1,000$1,144$95
$500$1,344$112
$250$1,550$129
60$1,000$1,122$94
$500$1,318$110
$250$1,522$127

The average insurance cost we use for our analysis is a 40-year-old driver with $500 deductibles, which clocks in at $1,478 per year. Drivers see significant savings as they age from 20 to 30, about $1,350 difference in those ten years.

After the age of 30, rates will continue to fall at a slower pace unless an insurability factor changes. For example, a DUI or even a couple of speeding tickets would cause rates to increase, quite significantly in the case of a DWI/DUI.

Conversely, getting married, buying a home or improving your credit rating can cause the cost of F150 insurance to drop even more with age.

What is the cheapest Ford F-150 insurance?

The Ford F-150 with the cheapest insurance cost is the XL Regular Cab model with the 6 1/2 or 8 feet bed. This stands to reason, as the XL model is the cheapest trim level with a base MSRP of $29,990.

Adding 4-wheel drive does increase the cost by $4,645, but when historical insurance loss data is factored in, the 4-wheel drive models of the F150 generally have lower property damage and bodily injury liability claims than 2-wheel drive models. This results in more favorable insurance rates when purchasing the 4WD option.

The table below breaks out average Ford F-150 car insurance rates by trim level for the 2022 model year.

2022 Ford F150 Insurance Cost by Trim Level
Ford F150 Trim Level Annual Policy 6-month Policy Per Month
XL Regular Cab 4WD$1,272$636$106
XL Super Cab 4WD$1,324$662$110
XLT Regular Cab 4WD$1,344$672$112
Lightning Pro$1,356$678$113
XL SuperCrew 4WD$1,362$681$114
XL Regular Cab$1,372$686$114
XLT Super Cab 4WD$1,372$686$114
XLT SuperCrew 4WD$1,392$696$116
Lariat Super Cab 4WD$1,420$710$118
XL Super Cab$1,434$717$120
Lariat SuperCrew 4WD$1,434$717$120
Tremor SuperCrew 4WD$1,448$724$121
Lightning XLT$1,448$724$121
XLT Regular Cab$1,458$729$122
Lightning XLT Premium$1,468$734$122
XL SuperCrew$1,478$739$123
King Ranch SuperCrew 4WD$1,478$739$123
XLT Super Cab$1,492$746$124
Platinum SuperCrew 4WD$1,492$746$124
Raptor SuperCrew 4WD$1,508$754$126
Lightning Lariat$1,508$754$126
XLT SuperCrew$1,516$758$126
Lightning Lariat Premium$1,540$770$128
Lariat Super Cab$1,550$775$129
Lightning Platinum$1,562$781$130
Lariat SuperCrew$1,568$784$131
Tremor SuperCrew$1,582$791$132
King Ranch SuperCrew$1,616$808$135
Platinum SuperCrew$1,630$815$136
Raptor SuperCrew$1,648$824$137
Limited SuperCrew$1,678$839$140

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2022 Ford F150, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on September 27, 2022
Ford F150 Insurance Cost by Trim Level
Ford F-150 EcoBoost door emblem
Chrome EcoBoost emblem on side of 2021 Ford F-150 SuperCrew in Velocity Blue

Does a used F-150 cost less to insure?

Absolutely. As a vehicle gets older, it depreciates in value and is worth less (classic cars excluded). A brand new 2022 Ford F-150 averages around $1,478 per year to insure, while a model that is 8 or 9 years old would cost around $260 less to insure for the same coverages.

The difference in cost is primarily due to the reduced payout an insurance company would be required to pay if the vehicle is totaled and the loss is covered on the policy. Thankfully, vehicles are not damaged beyond repair very often, so the $260 savings is fairly minor considering the claim payout difference could exceed $50,000 or more.

The table below demonstrates how average Ford F150 insurance cost decreases as the age of your truck increases. At some point, drivers have to weigh the benefit of having full coverage with the savings provided by only insuring for liability only. This table assumes full coverage for all model years.

Ford F150 Insurance Cost for 2013-2022 Models
Model Year Driver Age 20 Age 30 Age 40 Age 50 Age 60
2022$2,920$1,548$1,478$1,344$1,318
2021$2,958$1,556$1,482$1,350$1,326
2020$2,906$1,524$1,454$1,326$1,302
2019$2,782$1,460$1,390$1,270$1,248
2018$2,678$1,404$1,338$1,222$1,202
2017$2,606$1,360$1,298$1,190$1,170
2016$2,542$1,324$1,268$1,160$1,138
2015$2,610$1,354$1,298$1,186$1,166
2014$2,326$1,208$1,164$1,066$1,046
2013$2,240$1,164$1,124$1,028$1,008

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates assume clean driving record and no at-fault accidents. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on September 27, 2022
Ford F150 Insurance Cost by Model Year

As new safety features like crash avoidance braking, adaptive cruise control, and lane keep assist are introduced and adopted into new models, insurance rates can actually end up being lower for new models.

Any technology that lowers the frequency or severity of liability or physical damage claims translates into better insurance rates. For the Ford F150, the 2015 model year redesign included 31 new safety innovations. The effect on insurance rates can be seen the following year, when insurance rates actually dropped for the 2016 model year.

As mentioned earlier, there comes a day when you have to make the decision to remove full coverage on your truck and just pay for liability insurance only. The table below shows average insurance cost for older F-150 model years, breaking out full coverage insurance cost from liability-only cost.

Ford F150 Insurance Rates for 1995 to 2012 Model Years
Vehicle Model Year Full Coverage Insurance Liability Insurance
2012 Ford F150$1,088$528
2011 Ford F150$1,054$522
2010 Ford F150$1,012$518
2009 Ford F150$974$514
2008 Ford F150$934$510
2007 Ford F150$892$502
2006 Ford F150$858$494
2005 Ford F150$844$490
2004 Ford F150$826$484
2003 Ford F150$802$480
2002 Ford F150$782$476
2001 Ford F150$766$466
2000 Ford F150$751$457
1999 Ford F150$736$448
1998 Ford F150$721$439
1997 Ford F150$707$430
1996 Ford F150$693$422
1995 Ford F150$679$413

Get Rates in Your AreaWhy is this important?

Table Data Details: Average insurance rates for each Ford F150 model year assume a 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to premium amounts. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on September 27, 2022
Ford F150 Insurance Rates for 1995 to 2012 Model Years

How does F-150 insurance compare to other trucks?

In the competitive half-ton truck segment, Ford F150 insurance cost ranks #1, edging out the GMC Sierra and Toyota Tundra. With a segment average insurance cost of $1,657, the F150 averages about $179 less per year.

When compared to all vehicles (not just other large trucks) it also fares well, as the average F150 insurance rate is $89 less than the national average of $1,567.

The chart below shows how well Ford F-150 insurance compares to all other large trucks including the #2 and #3 selling trucks, the Chevy Silverado 1500 and the Ram 1500.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2022 model year Ford F150, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all Ford F150 trim levels. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on September 27, 2022
Insurance Cost Comparison: Ford F150 vs Large Trucks
Ford F150 Insurance Cost Compared to All Large Trucks
Rank Make/Model Insurance Cost Difference
1Ford F150$1,478--
2GMC Sierra$1,552$74
3Nissan Titan$1,610$132
4Chevrolet Silverado$1,638$160
5Toyota Tundra$1,640$162
6Ram Truck$1,742$264
7GMC Hummer EV Pickup$1,940$462

With an average sticker price of $50,695, ranging from the cheapest XL Regular Cab 4WD model at $32,790 to the most expensive Limited SuperCrew costing $73,105, the full-size half-ton pickups closest in price to the Ford F150 for the 2022 model year are the Toyota Tundra, Ram Truck, GMC Sierra, and Nissan Titan.

Here’s how those four models compare to a 2022 Ford F150 for both average price and insurance cost.

  • Ford F150 vs. Toyota Tundra – The average MSRP for a 2022 Ford F150 is $917 cheaper than the Toyota Tundra, at $50,695 compared to $51,612. The cost to insure a Ford F150 compared to the Toyota Tundra is $162 less annually on average.
  • Ford F150 vs. Ram Truck – The Ram Truck has an average retail price of $48,603, ranging from $29,515 to $95,195, which is $2,092 cheaper than the Ford F150. Insurance on a 2022 Ford F150 costs an average of $264 less every 12 months than the Ram Truck.
  • Ford F150 vs. GMC Sierra – The GMC Sierra has an average retail price of $47,063, ranging from $32,895 to $61,795, which is $3,632 cheaper than the Ford F150. Insuring the Ford F150 compared to the GMC Sierra costs an average of $74 less per year.
  • Ford F150 vs. Nissan Titan – The average MSRP for a 2022 Ford F150 is $5,183 more expensive than the Nissan Titan, at $50,695 compared to $45,512. The average insurance cost for a 2022 Ford F150 compared to the Nissan Titan is $132 less annually.

For the large truck segment, the spread is pretty tight when it comes to insurance cost (excluding the Hummer EV). Only about $260 separates the F-150 from the Ram 1500, and depending on the trim level, insuring a higher-appointed F-150 like the Limited or Platinum could easily cost more than insuring many Ram 1500 trim levels.

The F150 is the best selling truck in American for good reason. It’s loaded with features, is easy on the eyes, and it can also check the “cheapest truck insurance” box.

Averaging less than the overall national average car insurance rate of $1,567, the Ford F150 should be fairly easy on the wallet when the car insurance bill comes (depending on trim level and options, of course).

References and Additional Resources