Ford Ranger Insurance Costs: Rates, Rankings, and Insights

• Ford Ranger insurance costs an average of $2,292 per year or around $191 per month, depending on the trim level.
• When compared to other midsize trucks, the 2024 Ford Ranger is $130 cheaper to insure than the segment average of $2,422 per year.
• Ford Ranger insurance rates range from $2,122 to $2,488 per year on average, depending on trim level.
• Insurance rates in a few larger cities include $2,530 in Boston, MA, $2,752 in Tulsa, OK, and $2,546 in Portland, OR.

How much does Ford Ranger insurance cost?

Ford Ranger insurance costs an average of $2,292 per year, with monthly payments ranging from $177 to $207, depending on the trim level being insured.

For individual policy coverages, liability/medical costs about $744 a year, comprehensive coverage is an estimated $540, and the remaining collision coverage costs around $1,008.

The following infographic illustrates how average 2024 Ford Ranger insurance cost varies based on the age of the rated driver and the chosen policy deductibles.

Young drivers pay higher car insurance rates primarily due to their lack of experience. Teen drivers and drivers in their twenties will pay substantially more to insure a Ford Ranger than a driver in their thirties or forties.

Rates tend to drop as you age, so you can expect slightly more favorable rates until you hit about age 65. At that point, rates generally tend to start increasing, but some companies do offer senior discounts for completely driver safety training.

The deductible you choose for you policy can either save you money on your policy or when you have a physical damage claim, but not both. If you want a cheaper policy, choose a higher deductible. But just be aware that you’ll pay more out-of-pocket at claim time.

The following table shows average Ford Ranger insurance rates for the 2019 to 2024 model years, rated for different driver ages.

How do Ranger insurance rates compare to other trucks?

The Ford Ranger ranks third out of 10 comparison vehicles in the 2024 midsize truck class. The Ranger costs an average of $2,292 per year for full coverage insurance, while the category average cost is $2,422 per year, a difference of $130 per year.

When Ford Ranger insurance rates are compared directly to the most popular models in the midsize truck segment, the Ranger costs $136 less per year than the Toyota Tacoma, $178 more than the Chevrolet Colorado, $22 more than the Nissan Frontier, and $236 less than the Jeep Gladiator.

The chart below shows how Ford Ranger insurance rates compare to the entire 2024 midsize pickup truck class.

Another way to compare rates is to see how the average car insurance quote for a Ford Ranger compares to midsize pickups with the closest MSRP, or purchase price.

With an average MSRP of $41,453, the cost to buy a new 2024 Ford Ranger ranges from $32,565 to $55,365.

The models that have the most similar average MSRP to the Ford Ranger for the 2024 model year are the Chevrolet Colorado, Honda Ridgeline, Toyota Tacoma, and Nissan Frontier.

The next list shows how those four pickups compare to a 2024 Ford Ranger, both for MSRP and average insurance rates.

• Ford Ranger vs. Chevrolet Colorado – Having an average price of $40,308 and ranging from $30,695 to $60,095, the 2024 Chevrolet Colorado costs $1,146 less than the Ford Ranger. Insuring a 2024 Ford Ranger compared to the Chevrolet Colorado costs an average of $178 more each year.
• Ford Ranger vs. Honda Ridgeline – The 2024 Honda Ridgeline sells for an average of $42,885, ranging from $38,800 to $46,230, which is $1,432 more expensive than the average sticker price for the Ford Ranger. Buying insurance for the Honda Ridgeline costs an average of $88 more every 12 months than the Ford Ranger.
• Ford Ranger vs. Toyota Tacoma – The 2024 Ford Ranger has an average MSRP that is $3,865 more expensive than the Toyota Tacoma ($41,453 versus $37,588). Expect to pay around $136 more per year to insure the Toyota Tacoma compared to a Ranger.
• Ford Ranger vs. Nissan Frontier – The Nissan Frontier sells for an average of $35,592 ($29,770 to $43,940), which is $5,861 cheaper than the MSRP for the Ford Ranger. Insurance on the Ford Ranger costs an average of $22 more each year than the Nissan Frontier.

Which Ranger trim is the cheapest to insure?

The cheapest model of Ford Ranger to insure is the XL Crew Cab at an estimated $2,122 per year. The next cheapest trim is the XLT Crew Cab at $2,206 per year, and the third cheapest trim level to insure is the XL Crew Cab 4WD, also at $2,212 per year.

For higher trim levels, the three highest cost Ranger trim levels to insure are the Ford Ranger Lariat Crew Cab, the Lariat Crew Cab 4WD, and the Raptor trim levels all at an estimated $2,488 per year.

With most vehicle models, when the vehicle MSRP increases as options are added, insurance policy cost generally increases as a result. The rate table below displays average insurance rates for annual and 6-month policy terms, including a monthly budget amount, for each 2024 Ford Ranger trim level.

Does the Tremor package increase the cost of insurance?

As a $4,290 add-on package, the Tremor Off-Road package is available on XLT and Lariat Ranger models and could increase the cost of car insurance slightly. Most drivers would see at most a 5% annual increase, with pricing dependent on how each car insurance company rates the Tremor package.

With the XLT and Lariat SuperCrew models averaging around $1,600 per year for insurance, a 5% annual increase would put the extra cost of insurance for the Tremor package at around $80 per year. Again, that would be the maximum amount of extra premium.

The Ranger Tremor is one of our favorite new off-road models, as it gives an extra 0.8 inches of ground clearance, an extra 2.2 degrees of approach angle, and an extra 2.7 degrees of break-over angle. Not to mention the extra “toughness” of the Ranger appearance added by the 32-inch A/TX tires and steel front bash plate and underbody skid plates.

Ranger insurance rates by city and state

The cost to insure a Ford Ranger can differ widely, from cheaper rates like $1,784 a year in Raleigh, NC, or $1,924 in Charlotte, NC, to more expensive rates such as $3,346 a year in Philadelphia, PA, and $3,330 in Los Angeles, CA.

The cost of insurance for a Ford Ranger in some other areas include Long Beach, CA, at an estimated $2,794 per year, San Jose, CA, at $2,618, Omaha, NE, costing $2,240, and Houston, TX, averaging $2,442.

The data visualization below shows typical full-coverage auto insurance policy costs for a Ford Ranger for the thirty highest-populated cities in the United States.

When analyzing Ford Ranger rates from a broader perspective, states like Virginia ($1,850) and Maine ($1,742) have lower rates, while states like Nevada ($2,734), Michigan ($2,760), and Louisiana ($2,574) have more expensive Ranger insurance rates.

Most states tend toward the median, with states like Arizona, Colorado, and Minnesota included in this group with average Ford Ranger insurance rates of $2,268, $2,528, and $2,172 per year, respectively.

The next table shows average insurance rates for a 2024 Ford Ranger in all fifty U.S. states.