Ford Ranger Insurance Rates for 2023

• Ford Ranger insurance costs an average of $1,566 per year or around $131 per month, depending on the trim level.
• When compared to other midsize trucks, the 2023 Ford Ranger is $100 cheaper to insure than the segment average of $1,666 per year.
• Ford Ranger insurance rates range from $1,444 to $1,656 per year on average, depending on trim level.
• Insurance rates in a few larger cities include $1,680 in Boston, MA, $1,888 in Tulsa, OK, and $1,696 in Portland, OR.

How much does Ford Ranger insurance cost?

Ford Ranger insurance costs an average of $1,566 per year, with monthly payments ranging from $120 to $138, depending on the trim level being insured.

For individual policy coverages, liability/medical costs about $568 a year, comprehensive coverage is an estimated $376, and the remaining collision coverage costs around $622.

The following chart illustrates how average 2023 Ford Ranger insurance cost varies based on the age of the rated driver and the chosen policy deductibles.

To help illustrate how much car insurance rates can vary, keep in mind that buying liability-only Ranger insurance in the cheaper areas of North Carolina or Illinois can be as cheap as $204 a year.

For an identical Ranger, a teenager with some at-fault accidents and traffic citations in some urban areas in Michigan might be as high as $18,018 a year for a policy with full coverage.

The following table shows average Ford Ranger insurance rates for the 2019 to 2023 model years, rated for different driver ages.

How do Ranger insurance rates compare to other trucks?

The Ford Ranger ranks fourth out of 10 comparison vehicles in the 2023 midsize truck class. The Ranger costs an average of $1,566 per year for full coverage insurance, while the category average cost is $1,666 per year, a difference of $100 per year.

When Ford Ranger insurance rates are compared directly to the most popular models in the midsize truck segment, the Ranger costs $48 less per year than the Toyota Tacoma, $96 more than the Chevrolet Colorado, $44 more than the Nissan Frontier, and $268 less than the Jeep Gladiator.

The chart below shows how Ford Ranger insurance rates compare to the entire 2023 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 $34,244, the cost to buy a new 2023 Ford Ranger ranges from $27,400 to $40,945.

The models that have the most similar average MSRP to the Ford Ranger for the 2023 model year are the Nissan Frontier, Toyota Tacoma, Hyundai Santa Cruz, and Chevrolet Colorado.

The next list shows how those four pickups compare to a 2023 Ford Ranger, both for MSRP and average insurance rates.

• Ford Ranger vs. Nissan Frontier – Having an average price of $34,513 and ranging from $29,190 to $39,120, the 2023 Nissan Frontier costs $269 more than the Ford Ranger. Insuring a 2023 Ford Ranger compared to the Nissan Frontier costs an average of $44 more each year.
• Ford Ranger vs. Toyota Tacoma – The 2023 Toyota Tacoma sells for an average of $35,044, ranging from $27,250 to $46,685, which is $800 more expensive than the average sticker price for the Ford Ranger. Buying insurance for the Toyota Tacoma costs an average of $48 more every 12 months than the Ford Ranger.
• Ford Ranger vs. Hyundai Santa Cruz – The 2023 Ford Ranger has an average MSRP that is $900 more expensive than the Hyundai Santa Cruz ($34,244 versus $33,344). Expect to pay around $74 more per year to insure the Hyundai Santa Cruz compared to a Ranger.
• Ford Ranger vs. Chevrolet Colorado – The Chevrolet Colorado sells for an average of $37,336 ($28,605 to $48,065), which is $3,092 more expensive than the MSRP for the Ford Ranger. Insurance on the Ford Ranger costs an average of $96 more each year than the Chevrolet Colorado.

Which Ranger trim is the cheapest to insure?

The cheapest model of Ford Ranger to insure is the XL Super Cab at an estimated $1,444 per year. The next cheapest trim is the XL Crew Cab at $1,492 per year, and the third cheapest trim level to insure is the XL Super Cab 4WD, also at $1,518 per year.

For higher trim levels, the three highest cost Ranger trim levels to insure are the Ford Ranger Lariat Crew Cab, the Lariat Super Cab 4WD, and the Lariat Crew Cab 4WD trim levels all at an estimated $1,656 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 2023 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 $980 a year in Raleigh, NC, or $1,108 in Charlotte, NC, to more expensive rates such as $2,448 a year in Philadelphia, PA, and $2,436 in Los Angeles, CA.

The cost of insurance for a Ford Ranger in some other areas include Long Beach, CA, at an estimated $1,928 per year, San Jose, CA, at $1,764, Omaha, NE, costing $1,408, and Houston, TX, averaging $1,598.

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 ($1,042) and Maine ($942) have lower rates, while states like Nevada ($1,872), Michigan ($2,138), and Louisiana ($1,862) 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 $1,434, $1,680, and $1,342 per year, respectively.

The next table shows average insurance rates for a 2023 Ford Ranger in all fifty U.S. states.