- Ford Maverick insurance rates average $1,504 per year (about $125 per month) for full coverage.
- The cheapest model of Ford Maverick to insure is the XL at around $1,440 per year, or about $120 per month.
- The most expensive trim level to insure is the Lariat AWD at around $1,588 per year, or about $132 per month.
- The Maverick ranks first out of 10 vehicles in the midsize truck class for auto insurance affordability (although it’s technically a compact truck).
How much does Ford Maverick insurance cost?
Expect to pay around $1,504 per year for full coverage to insure a Ford Maverick, or around $125 a month. Rates are dependent on a lot of factors, but expect the XL trim to be cheapest and the Lariat AWD model to cost the most to insure.
If we break down the average policy into it’s individual coverages, comprehensive coverage costs an estimated $366 a year, collision insurance is an estimated $554, and the remaining liability and medical coverage is about $584.
The next price chart illustrates how Maverick insurance cost fluctuates depending on the age of the driver and the deductibles for comprehensive and collision coverage. The annual policy rates shown range from a low of $1,158 per year for a 60-year-old driver with high policy deductibles to the highest policy cost of $3,386 each year for a 20-year-old driver with $250 deductibles.
|Driver Age||Deductible||Annual Cost||Monthly Cost|
The next table details the estimated yearly and 6-month policy costs, plus a monthly insurance rate, for each Ford Maverick model and trim level.
|Ford Maverick Trim Level||Annual Policy||Six-Month Policy||Per Month|
Ford Maverick insurance versus the competition
The new Maverick is technically a compact or small pickup, but we lump it in with the other midsize pickups for comparison purposes. The only other compact model for the 2023 model year is the Hyundai Santa Cruz, so it makes more sense to us if we compare both of those models to the midsize pickup segment instead of just to each other.
The Ford Maverick ranks first out of 10 comparison vehicles in the compact/midsize truck segment for most affordable car insurance cost. The Maverick costs an average of $1,504 per year to insure, while the segment median cost is $1,711 annually, a difference of $207 per year.
When insurance prices are compared to other midsize truck segment models, insurance rates for a Ford Maverick cost $154 less per year than the Toyota Tacoma, $2 less than the Chevrolet Colorado, and $106 less than the Ford Ranger.
When the Maverick is compared to the Hyundai Santa Cruz, insurance rates for the Maverick are expected to average around $180 less per year.
The chart displayed below shows how Ford Maverick insurance rates compare to the other compact and midsize trucks in America like the Nissan Frontier, Jeep Gladiator, and the Honda Ridgeline (and yes, the Santa Cruz).
|7||Hyundai Santa Cruz||$1,684||$180|
Additional rates and insights
Some other key data insights regarding the cost of insurance for a Ford Maverick include:
- Maverick insurance is expensive for high-risk drivers. For a 30-year-old driver, having to buy a high-risk insurance policy could trigger a rate increase of $1,812 or more per year.
- As driver age goes up, rates trend downward. The difference in 2023 Ford Maverick insurance rates between a 50-year-old driver ($1,370 per year) and a 20-year-old driver ($2,966 per year) is $1,596, or a savings of 73.6%.
- Good credit scores mean better rates. Drivers with high 800+ credit scores could save up to $236 per year when compared to a lower credit rating of 670-739. Conversely, a lesser credit rating could cost as much as $274 more per year.
- Policyholder gender affects insurance cost. For a 2023 Ford Maverick, a 20-year-old male driver pays an estimated $2,966 per year, while a 20-year-old woman pays an average of $2,220, a difference of $746 per year. Women get significantly cheaper rates. But by age 50, the rate for males is $1,370 and the cost for women is $1,340, a difference of only $30.
- Ford Maverick insurance rates for teens are expensive. Average rates for full coverage Maverick insurance costs $5,476 per year for a 16-year-old driver, $5,072 per year for a 17-year-old driver, $4,722 per year for an 18-year-old driver, and $4,244 per year for a 19-year-old driver.
- The higher deductible you choose, the lower the policy cost. Increasing your deductibles from $500 to $1,000 could save around $210 per year for a 40-year-old driver and $402 per year for a 20-year-old driver.
- Low physical damage deductibles increase policy cost. Decreasing your policy deductibles from $500 to $250 could cost an additional $218 per year for a 40-year-old driver and $420 per year for a 20-year-old driver.