Henry Ford Used This Process to Produce Cars Quickly
We compared quotes from the top insurers and found the average cost of auto insurance for a Ford is $2,087 per year. Our analysis pulled insurance rates for eight of the most popular Ford models over the last five years.
The annual cost of insurance for Ford models ranged from $1,812 to $2,710 for the eight models we surveyed.
Ford drivers can take advantage of the Ford Insure program to get discounts using on-board technology with newer models. The insurance, through Nationwide, provides lower rates for safe driving habits, up to a 40% discount.
Compare Ford insurance costs by model:
Ford insurance cost by model
The cheapest Ford model to insure based on our analysis is the Ford Escape, which costs $1,812 per year on average for a 30-year-old male. The most expensive Ford model to insure from our sample is the Ford Mustang, which costs $2,710 per year on average to insure.
Find Cheap Ford Insurance Quotes
The cost to insure a vehicle may vary based on a wide range of factors, including location, age and driver history. For this reason, we recommend always comparing quotes from multiple insurers in order to find the best rate.
Ford Edge insurance cost
The Ford Edge is the second-cheapest model we analyzed. We found the average cost to insure a 30-year-old male is $1,907 per year. Teenage drivers can expect to pay more, as the average cost to insure a Ford Edge for an 18-year-old is $4,334 per year.
Ford Escape insurance cost
With an average cost of $1,812 per year for our sample driver, the Ford Escape has the cheapest insurance rates out of the eight models we surveyed. This comes out to $151 per month. The average cost to insure an 18-year-old is $4,163 per year, which is more than double the cost for a 30-year-old.
Ford Explorer insurance cost
The cost to insure a Ford Explorer had a range of $380 across the five model years we analyzed. The average cost to insure a Ford Explorer for a 30-year-old is $2,018 per year. For an 18-year-old, the Ford Explorer has an average insurance cost of $4,634 per year.
Ford F-150 insurance cost
Our analysis of rates found the average cost to insure a Ford F-150 is $2,022 per year for our 30-year-old driver. While insurance rates are usually the cheapest for older model years, this was not the case, as the 2017 Ford F-150 is the second-most-expensive model year to insure. The average cost to insure an 18-year-old across the five model years is $4,549.
Ford Fiesta insurance cost
Despite having the second-highest MSRP for the 2020 model, the Ford Fiesta ranked as the third-cheapest Ford to insure, at an average rate of $1,922 per year for our 30-year-old sample driver. The average cost to insure a Ford Fiesta for an 18-year-old is $4,489 per year.
Ford Focus insurance cost
Our analysis of quotes revealed that car insurance for the Ford Focus costs an average $2,141 per year for our 30-year-old driver. This is $54 more than the average of all the Ford models we surveyed. An 18-year-old can expect to pay an average of $5,031 per year to insure a Ford Focus.
Ford Fusion insurance cost
The cost to insure a Ford Fusion is slightly higher than the rates for a Ford Focus. The average cost to insure a Ford Fusion is $2,167 per year for our 30-year-old sample driver. This comes out to $181 per month. Teenage drivers can expect to pay more than double that, as we found the average annual cost to insure a Ford Fusion is $5,012 per year for an 18-year-old.
Ford Mustang insurance cost
Our analysis found that the average cost to insure a Ford Mustang is $2,710 per year for a 30-year-old and $6,382 per year for an 18-year-old. These rates make the Ford Mustang the most expensive to insure out of all eight Ford models we surveyed.
Ford Insure
Ford drivers can cover their vehicles through the Ford company itself with a usage-based insurance program called Ford Insure. The automaker offers policies, underwritten by Nationwide, that take advantage of connected vehicle data to offer discounts for safe driving.
Ford Insure is available to owners with eligible vehicles model year 2020 or later. Drivers get a discount of 10% for enrolling, and after a trial period of four to six months, drivers receive a discount of up to 40%. The program is similar to Nationwide's SmartRide program.
Drivers must download the FordPass App and activate FordPass Connect to get started. The company tracks a range of behaviors to determine safe driving habits, such as:
- Miles driven
- Hard braking and acceleration
- Idle time
- Nighttime driving
Drivers have access to the same coverages available to Nationwide customers.
Ford Insure is available in every state except Loiusiana, Oklahoma, Alaska and Massachusetts. The program is not available for the 2020 F-150 and Fusion Plug-in Hybrid.
Methodology
To calculate the average cost of insurance for a Ford, we collected insurance rates for two sample drivers: a 30-year-old male and an 18-year-old male. The Ford insurance rates we used were for a full-coverage policy with the following limits:
| Coverage | Limits |
|---|---|
| Bodily injury liability | $50,000 per person/$100,000 per accident |
| Personal injury protection | $10,000 |
| Property damage | $25,000 per accident |
| Uninsured/underinsured motorist bodily injury | $50,000 per person/$100,000 per accident |
| Comprehensive and collision | $500 deductible |
This analysis used insurance quote data from Quadrant Information Services. The quotes used were publicly sourced from insurer filings and should only be used for comparison purposes. Actual rates for Ford models may differ from the estimates provided.
Henry Ford Used This Process to Produce Cars Quickly
Source: https://www.valuepenguin.com/ford-car-insurance
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