- Ford Transit insurance costs an average of $1,526 per year, or around $127 per month for full coverage.
- The cheapest Transit van to insure is the XL Low Roof Long 2WD trim level at an estimated $1,450 per year. The most expensive is the XLT High Roof Extended AWD at $1,604 annually.
- Out of six vehicles in the large van segment, the Transit ranks #6 for insurance affordability.
How much does Ford Transit insurance cost?
The average driver should plan on paying an average of $1,526 a year for full coverage to insure a Ford Transit. Collision coverage is an estimated $660 a year, comprehensive (or other-than-collision) coverage costs approximately $358, and the remaining liability and medical coverage costs about $508.
The chart below breaks down average car insurance rates on a 2022 Transit with a variety of different driver ages and risk profiles.
|Driver Risk Profile||Annual Rate||Monthly Rate|
|High Risk Driver Age 30||$3,464||$289|
|Safe Driver Age 20||$3,034||$253|
|At-fault Accidents Age 40||$2,156||$180|
|Low Deductibles Age 40||$1,974||$165|
|Safe Driver Age 30||$1,604||$134|
|Safe Driver Age 40||$1,526||$127|
|Safe Driver Age 50||$1,390||$116|
|Safe Driver Age 60||$1,362||$114|
|High Deductibles Age 40||$1,294||$108|
|Discount Rate Age 40||$1,266||$106|
Which Transit model is cheapest to insure?
The cheapest trim level of Ford Transit to insure is the XL Low Roof Long 2WD at around $1,450 per year, or about $121 per month. The next cheapest trim is the XL Medium Roof Long 2WD at $1,472 per year, and the third cheapest trim to insure is the XLT Low Roof Long 2WD at $1,478 per year.
The least budget-friendly trim levels of Ford Transit to insure are the XLT High Roof Extended AWD at $1,604 and the XL High Roof Extended AWD at $1,588 per year. Those trim levels will cost an extra $154 and $138 per year, respectively, over the least expensive XL Low Roof Long 2WD model.
The rate table below details the estimated annual and semi-annual policy costs, plus a monthly amount for budgeting, for each Ford Transit model trim level.
|Ford Transit Trim Level||Annual Policy||6-month Policy||Per Month|
|XL Low Roof Long 2WD||$1,450||$725||$121|
|XL Medium Roof Long 2WD||$1,472||$736||$123|
|XLT Low Roof Long 2WD||$1,478||$739||$123|
|XL High Roof Long 2WD||$1,492||$746||$124|
|XLT Medium Roof Long 2WD||$1,498||$749||$125|
|XL High Roof Extended 2WD||$1,514||$757||$126|
|XLT High Roof Long 2WD||$1,514||$757||$126|
|XL Low Roof Long AWD||$1,514||$757||$126|
|XL Medium Roof Long AWD||$1,534||$767||$128|
|XLT High Roof Extended 2WD||$1,536||$768||$128|
|XLT Low Roof Long AWD||$1,538||$769||$128|
|XL High Roof Long AWD||$1,548||$774||$129|
|XLT Medium Roof Long AWD||$1,552||$776||$129|
|XLT High Roof Long AWD||$1,570||$785||$131|
|XL High Roof Extended AWD||$1,588||$794||$132|
|XLT High Roof Extended AWD||$1,604||$802||$134|
The Transit vs. other vans: How does it rank?
The Ford Transit ranks #6 out of six total vehicles in the large van class for insurance affordability. The Transit costs an average of $1,526 per year to insure for full coverage and the segment average is $1,367 per year, a difference of only $159 per year.
When compared to other large vans, insurance for a Ford Transit costs $262 more per year than the Chevrolet Express, $140 more per year than the GMC Savana, $196 more per year than the Nissan NV, and $48 more per year than the Ram Promaster.
The chart below shows how insurance cost for a Ford Transit compares to other vans.
|1||Ram Promaster City||$1,218||-$308|
Will used Ford Transit van insurance cost less?
Insuring an older Ford Transit, in this case a 2014 vs. a 2022 model, could reduce the cost of insurance by $400 per year. New vehicles have a higher replacement value, and older models are still great vehicles but are just worth less so they have cheaper insurance rates.
The table below shows estimated annual, 6-month, and monthly Ford Transit insurance rates for the 2014 to 2022 model years.
|Model Year and Vehicle||Annual Rate||6-month Rate||Monthly Rate|
|2022 Ford Transit||$1,526||$763||$127|
|2019 Ford Transit||$1,292||$646||$108|
|2018 Ford Transit||$1,268||$634||$106|
|2017 Ford Transit||$1,228||$614||$102|
|2016 Ford Transit||$1,214||$607||$101|
|2015 Ford Transit||$1,216||$608||$101|
|2014 Ford Transit||$1,126||$563||$94|
Dropping comprehensive and collision coverage on an older Ford Transit may save you $680 per year, depending on the coverage deductibles and the age of the rated driver.
Eventually, as the vehicle gets older it will make sense to delete one or both physical damage coverages from the policy. As vehicles age and their value decreases from depreciation, the costs required to maintain physical damage insurance starts to exceed the benefit of having it on the policy.
Additional Rates and Information
Other relevant details about insuring a Ford Transit include:
- Gender and age are two big factors. For a 2022 Ford Transit, a 20-year-old man will pay an estimated rate of $3,034 per year, while a 20-year-old female driver pays an estimated $2,250, a difference of $784 per year. The females get much better rates. But by age 50, rates for male drivers are $1,390 and female driver rates are $1,360, a difference of only $30.
- Qualify for policy discounts to save money. Discounts may be available if the policyholders take a defensive driving course, work in certain occupations, are military or federal employees, belong to certain professional organizations, or many other policy discounts which could save the average driver as much as $260 per year on Ford Transit insurance.
- Expect to pay a lot for high risk insurance. For a 20-year-old driver, having enough accidents and violations to require a high-risk insurance policy could raise rates by $2,366 or more per year.
- The higher deductible you choose, the lower the policy cost. Increasing your policy deductibles from $500 to $1,000 could save around $232 per year for a 40-year-old driver and $450 per year for a 20-year-old driver.
- Decreasing deductibles will cost more. Lowering your policy deductibles from $500 to $250 could cost an additional $240 per year for a 40-year-old driver and $476 per year for a 20-year-old driver.
- Raise your credit score for cheaper insurance rates. In states that allow an insured’s credit rating to be used as a policy rate factor, having a good credit rating over 800 could see savings as high as $240 per year compared to a lower credit score of 670-739. Conversely, a less-than-perfect credit score could cost around $278 more per year.
- Get a discount from your occupation. The large majority of auto insurance providers offer policy discounts for specific occupations like architects, nurses, emergency medical technicians, doctors, engineers, and other occupations. By qualifying for this discount, you may save between $46 and $158 on your annual Transit insurance bill, depending on the policy coverages.