Ford Auto Insurance (2024)

Ford auto insurance costs $143 monthly on average for full coverage. While there are many factors that affect auto insurance rates, one of the most significant is your vehicle’s make and model.

For example, Ford auto insurance is typically average, but specific models have higher rates, including auto insurance for a Ford Mustang. So while you’ll pay $167 per month on average to insure a Mustang, Ford F-150 car insurance costs about $132.

In addition, the type of car insurance coverage also affects your rates. For instance, drivers who purchase a new Ford generally need full coverage auto insurance and gap insurance. New car drivers may also choose add-ons like new car replacement insurance coverage.

Drivers may lower Ford car insurance rates by taking advantage of discounts and participating in Ford Insure. Ford Insure, underwritten by Nationwide, provides coverage and monitors safe driving habits. As a result, drivers can earn up to a 40% discount on their auto insurance.

Keep reading to learn more about Ford auto insurance, how to get the cheapest Ford car insurance premiums, and compare Ford insurance costs.

Ford Auto Insurance Coverage Options

All drivers must follow their state’s minimum auto insurance requirements. While some insurance coverages are required, drivers may choose additional coverages to be better protected.

Ford auto insurance coverages include:

• Liability: Liability auto insurance pays for bodily injuries and property damage to others if you cause an accident. Most states require liability coverage, but the minimums vary and are typically very low.
• Uninsured/underinsured motorist coverage: Uninsured/underinsured motorist auto insurance pays for your injuries and damages if a driver with little or no insurance causes the accident. Several states require this coverage, but not all include the property damage portion.
• Medical payments (MedPay): Medical payments coverage covers medical costs related to an accident, such as doctor visits and X-rays. However, only a few states, such as Maine and New Hampshire, require MedPay.
• Personal injury protection: Personal injury protection (PIP) auto insurance is similar to MedPay but includes other related expenses, such as child care and funeral costs. More states require PIP than MedPay, but either coverage is optional in most states.
• Collision: Collision auto insurance pays for damages to your vehicle from an accident, such as hitting another car, hitting an object like a fence, and rollover accidents.
• Comprehensive: Comprehensive auto insurance pays for your vehicle damage unrelated to an accident, such as theft, vandalism, fire, and acts of nature, like floods, hail, and tornados.
• Gap insurance: Gap insurance pays the difference between what you owe on your vehicle and its worth if it’s totaled. Most lenders require gap coverage until you owe less than the car’s worth.

Minimum coverage consists of the mandatory coverage your state requires. However, full coverage also includes collision and comprehensive coverage, which pays for damage to your vehicle. The coverage you need depends on your finances and vehicle.

Most lenders require full coverage auto insurance and gap insurance. In addition, coverage such as new car replacement insurance helps pay for a replacement if your Ford gets totaled in an accident.

Ford Auto Insurance Rates

Many factors affect Ford auto insurance rates, such as age, driving record, and ZIP code. For example, young drivers who have a lot of at-fault accidents on their record or live in high-crime areas get the highest Ford car insurance quotes.

In addition, your car make and model impact Ford auto insurance rates. Expensive Ford models have higher insurance rates because they cost more to repair or replace. While finding affordable Ford auto insurance coverage is easy, specific models have higher costs.

For example, the Escape has low insurance rates. However, auto insurance for a Ford Mustang is slightly higher since the vehicle is more expensive.

This table shows the average monthly car insurance rates for various Ford models:

Ford Average Monthly Auto Insurance Rates by Model

The Ford Escape auto insurance rates are the lowest of the models examined. Auto insurance for the Escape averages $117 a month. However, auto insurance for a Ford Mustang is the most expensive.

Is Ford Mustang considered a sports car for insurance? Yes, the Mustang is a sports car and has higher insurance rates. Sports cars typically have significantly higher insurance rates since drivers tend to speed or otherwise drive recklessly.

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As discussed above, you may have to carry specific Ford auto insurance coverage types, especially if you’re financing a new vehicle.

While you might not require full coverage if your Ford is an older model, experts still recommend it. Without full coverage Ford auto insurance, you’ll pay for any costly vehicle repairs out of pocket.

How to Save on Ford Auto Insurance

While car insurance for Ford models may be expensive, there are ways to lower rates.

First, take advantage of auto insurance discounts for the lowest rates possible. Most insurers offer discounts based on the policy, driver, and car. For example, newer Ford models come with numerous safety features, such as air bags and electronic stability control, and these features can earn a vehicle discount.

You could also enroll in a usage-based auto insurance program to save money. For example, most insurance companies use telematics to monitor driving behaviors and offer discounts.

Finally, shop around for cheap Ford auto insurance quotes. Every insurance company calculates rates differently, so compare Ford car insurance quotes from multiple companies to find your best deal.

Finding the Best Ford Auto Insurance Coverages for You

Ford auto insurance rates vary significantly by model and driver. However, the Escape has the lowest rates out of the models on our list. On the other hand, the Ford Mustang has much higher rates due to the vehicle cost and its sports car classification.

While most states require at least liability coverage, drivers may need full coverage if they have a car loan or lease. In addition, gap insurance may be necessary. Drivers may also choose add-ons like new car replacement to protect their vehicles better.

Drivers can get cheap Ford car insurance rates by taking advantage of discounts and shopping around. Compare Ford car insurance quotes from multiple companies to find affordable coverage.