Ford Ranger Insurance Rates for 2023

Does a Ford Ranger have cheap car insurance rates?

We compared rate quotes from the XL Super Cab model up to the higher cost Lariat Crew Cab 4WD trim to see how insurance rates on a Ranger compare to the entire 2023 midsize truck segment.

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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.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Chart shows average insurance cost for a 2023 Ford Ranger with safe driver and claim-free discounts applied. Rates are for full-coverage insurance and averaged for all U.S. states and all Ford Ranger trim levels.Data last updated on January 23, 2023
Ford Ranger Insurance Rate Summary
2023 Ford Ranger Insurance Cost by Driver Age and Deductibles
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$2,660$222
$500$3,100$258
$250$3,562$297
30$1,000$1,394$116
$500$1,640$137
$250$1,900$158
40$1,000$1,340$112
$500$1,566$131
$250$1,802$150
50$1,000$1,222$102
$500$1,428$119
$250$1,640$137
60$1,000$1,198$100
$500$1,400$117
$250$1,608$134

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.

Ford Ranger Insurance Cost by Model Year
Model Year and Vehicle Driver Age 20 Driver Age 40 Driver Age 60
2023 Ford Ranger$3,100$1,566$1,400
2022 Ford Ranger$2,902$1,472$1,314
2021 Ford Ranger$2,858$1,448$1,290
2020 Ford Ranger$2,830$1,432$1,278
2019 Ford Ranger$2,592$1,310$1,170

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates for each driver age group are for a 12-month period and assume a 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 January 23, 2023
Ford Ranger Insurance Rates by Model Year

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.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2023 model year Ford Ranger, 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 Ranger trim levels. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on January 23, 2023
Ford Ranger vs Midsize Trucks Insurance Rate Comparison
Ford Ranger Insurance Cost Compared to All Midsize Trucks
Rank Make/Model Insurance Cost Difference
1Ford Maverick$1,464-$102
2Chevrolet Colorado$1,470-$96
3Nissan Frontier$1,522-$44
4Ford Ranger$1,566--
5GMC Canyon$1,602$36
6Toyota Tacoma$1,614$48
7Hyundai Santa Cruz$1,640$74
8Honda Ridgeline$1,752$186
9Jeep Gladiator$1,834$268
10Rivian R1T$2,194$628

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 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.

Ford Ranger FX4 Off Road
2021 Ford Ranger in Cyber Orange with FX4 off-road package

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.

2023 Ford Ranger Insurance Cost by Trim Level
Ford Ranger Trim Level Annual Policy Six-Month Policy Per Month
XL Super Cab$1,444$722$120
XL Crew Cab$1,492$746$124
XL Super Cab 4WD$1,518$759$127
XLT Super Cab$1,528$764$127
XL Crew Cab 4WD$1,556$778$130
XLT Crew Cab$1,562$781$130
XLT Super Cab 4WD$1,582$791$132
Lariat Super Cab$1,592$796$133
XLT Crew Cab 4WD$1,610$805$134
Lariat Crew Cab$1,618$809$135
Lariat Super Cab 4WD$1,636$818$136
Lariat Crew Cab 4WD$1,656$828$138

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2023 Ford Ranger, 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 February 5, 2023
Ford Ranger Insurance Cost by 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 breakover 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.

2021 Ford Ranger in Cyber Orange
2021 Ford Ranger XLT in Cyber Orange with FX4 package, 2.3L EcoBoost, Black Appearance Package

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 cities with highest population in the United States.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Chart shows average car insurance rates for a 2023 Ford Ranger, 40-year-old married male driver with safe driver and claim-free discounts applied. Physical damage deductibles are $500 and rates are the average for all Ford Ranger trim levels.Data last updated on January 23, 2023
Ford Ranger Insurance Rates in Large U.S. Cities
Ford Ranger Insurance Rates by Location
City/State Annual Rate Monthly Rate
New York, NY$2,760$230
Philadelphia, PA$2,448$204
Las Vegas, NV$2,442$204
Los Angeles, CA$2,436$203
San Francisco, CA$2,108$176
Kansas City, MO$1,878$157
Oklahoma City, OK$1,878$157
Denver, CO$1,840$153
Memphis, TN$1,840$153
Atlanta, GA$1,816$151
San Jose, CA$1,764$147
Phoenix, AZ$1,722$144
Portland, OR$1,696$141
San Diego, CA$1,684$140
Boston, MA$1,680$140
Jacksonville, FL$1,678$140
Chicago, IL$1,634$136
Dallas, TX$1,604$134
Houston, TX$1,598$133
Seattle, WA$1,596$133
Nashville, TN$1,534$128
Milwaukee, WI$1,526$127
Albuquerque, NM$1,498$125
San Antonio, TX$1,448$121
Omaha, NE$1,408$117
Fort Worth, TX$1,402$117
Austin, TX$1,384$115
Indianapolis, IN$1,262$105
Columbus, OH$1,162$97
Charlotte, NC$1,108$92

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.

Ford Ranger Average Insurance Cost by State for 2023
U.S. State Annual Cost Six-month Cost Monthly Cost
Alabama$1,408$704$117
Alaska$1,186$593$99
Arizona$1,434$717$120
Arkansas$1,638$819$137
California$1,894$947$158
Colorado$1,680$840$140
Connecticut$1,746$873$146
Delaware$1,780$890$148
Florida$1,950$975$163
Georgia$1,600$800$133
Hawaii$1,068$534$89
Idaho$1,116$558$93
Illinois$1,374$687$115
Indiana$1,168$584$97
Iowa$1,046$523$87
Kansas$1,542$771$129
Kentucky$1,676$838$140
Louisiana$1,862$931$155
Maine$942$471$79
Maryland$1,454$727$121
Massachusetts$1,704$852$142
Michigan$2,138$1,069$178
Minnesota$1,342$671$112
Mississippi$1,528$764$127
Missouri$1,768$884$147
Montana$1,438$719$120
Nebraska$1,308$654$109
Nevada$1,872$936$156
New Hampshire$1,048$524$87
New Jersey$1,896$948$158
New Mexico$1,288$644$107
New York$1,814$907$151
North Carolina$976$488$81
North Dakota$1,296$648$108
Ohio$1,092$546$91
Oklahoma$1,728$864$144
Oregon$1,462$731$122
Pennsylvania$1,504$752$125
Rhode Island$1,940$970$162
South Carolina$1,312$656$109
South Dakota$1,612$806$134
Tennessee$1,488$744$124
Texas$1,452$726$121
Utah$1,372$686$114
Vermont$1,138$569$95
Virginia$1,042$521$87
Washington$1,414$707$118
West Virginia$1,394$697$116
Wisconsin$1,118$559$93
Wyoming$1,392$696$116

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2023 Ford Ranger, 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 Ranger trim levels. Physical damage deductibles are $500 and rates are averaged for all Zip Codes in each state.Data last updated on February 5, 2023
Ford Ranger insurance rates by U.S. state