Insuring a Ford F-150: Adequate Coverage at a Low Price?
You can have beauty and a powerful beast in one package. The Ford-150 features sleek lines and a sharp look with a powerful engine designed to tackle any job. Drivers concerned with gas mileage can choose the 3.5-liter Ecoboost V6 to enjoy the power along with lower bills at the pump. Here are some things to keep in mind when shopping around for insurance on your new F-150.
F-150 Bodywork is Less Expensive
Insurance companies consider all the facts when determining what rates they will charge different drivers for various vehicles. One of them is the average cost to repair a vehicle after a collision. Government reports indicate that most Ford autos cost less to repair after they are damaged in an accident. This is great news if you are going to cover a repair out of your own pocket and it’s also good news because your insurance premium will be slightly lower.
F-150's Popularity Means Lower Repair Costs
It’s all about supply and demand. When there’s a large supply of a vehicle on the road, there will naturally be a greater demand for both factory replacement parts and after-market replacement parts. The F-Series of trucks have been the best selling trucks for 34 years. Because the replacement parts are readily available and cost of repairs is lower than average, insurance companies are able to offer lower rates.
F-150's High Safety Ratings: Another Plus for Cheap Insurance
Cars that are designed to protect passengers in an accident enjoy slightly lower insurance premiums. The Ford F-150 delivers in its ability to protect the driver and passengers. The IIHS named this truck a Top Safety Pick for its Safety Canopy side curtain airbags, roll stability control, SOS Post Crash Alert system and trailer sway control. The trucks also feature dual-stage airbags for the front passenger and driver along with seat-mounted side airbags. You will be safer in the event of an accident and your insurance rates will be slightly lower.
Work Truck or Play Pickup: Different Insurance Premiums for Personal or Commercial Use
Everything for a business seems to cost more money. The utility fees tend to be higher, and the cost of insurance is also typically higher. Many trucks are used for commercial purposes in contracting work or other businesses. If your truck will be used commercially, be sure to let your insurance company know. The rates will probably be slightly higher, but you will receive the specialized insurance that you need as a business owner.
Low Mileage or Heavy Duty?
Some people drive their trucks everywhere they can. The only problem with this is that your insurance rates will be affected by how far you drive the vehicle every day. If you are buying the truck to use for the occasional haul or you just want a 4-wheel drive on hand, be sure to let the insurance company know that you won’t be driving it every day. This can help you negotiate slightly lower rates.
4x4 or 2x4
Choosing between a 4 wheel drive and standard 2 wheel drive can be tricky for some people. If you don’t live in an area that sees a great deal of snow and ice, the 4 wheel drive becomes something that’s nice to have but isn’t really necessary. Keep in mind that insurance rates will be slightly higher for any 4 wheel drive due to repair costs when making your final decision.
Average Insurance Rates for a Ford F-150
The Ford F-150 insurance rates run about the same as they would for a sedan or less expensive automobile. Drivers can expect to pay a little less than $100 a month to insure their F-150. That number could go up or down based on several factors, however. These include your state of residence, age and personal driving record to name a few.