How much does insurance cost for a 2024 Ford F-150?

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When shopping for a new vehicle, most people focus on the sticker price, fuel efficiency or available features – but insurance cost is also an important factor when calculating the cost of ownership.

Car insurance rates for a 2024 Ford F-150 vary based on the coverage level you choose. Costs differ because insurers weigh the amount of protection you’re buying, the risk they take on, and how much you’d pay out of pocket if you file a claim.

For full coverage-which generally includes liability, collision, and comprehensive protection-the average price is $2,458 per year ($205 per month). This estimate is based on coverage limits of 100/300/100 with $500 deductibles for collision and comprehensive.

2024 Ford F-150 insurance premiums by state

Where you live plays a huge role in what you’ll pay. ZIP codes can matter just as much as your driving history. That’s why insuring a F-150 in California might be far more expensive – or cheaper – than in Florida.

Here’s a look at the cheapest and most expensive states for 2024 Ford F-150 insurance.

Cheapest states to insure a 2024 Ford F-150

Idaho has the cheapest car insurance rates for 2024 Ford F-150 drivers at an average cost of $1,525 a year or $127 per month. Other affordable states include Hawaii, Vermont, Ohio and Maine.

The table below shows the cheapest states to insure a 2024 Ford F-150.

State name	Average annual premium
Idaho	$1,525
Hawaii	$1,586
Vermont	$1,688
Ohio	$1,708
Maine	$1,734

Most expensive states to insure a 2024 Ford F-150

Louisiana is the most expensive states for car insurance at $3,966 a year, followed by Texas with an average annual cost of $3,647 and Georgia at $3,188. The table below shows which states have the most expensive 2024 Ford F-150 insurance rates.

State name	Average annual premium
Louisiana	$3,966
Texas	$3,647
Georgia	$3,188
South Dakota	$3,141
Colorado	$3,119

Breaking down 2024 Ford F-150 insurance cost by trim level

Insurance costs don’t just depend on the make and model of your car – the trim level you choose can also affect your premium. Higher trims often come with bigger price tags, more powerful engines, or advanced tech features, all of which can raise the cost of coverage.

Below, you’ll see how car insurance rates for the 2024 Ford F-150 compare across trim levels.

Trim	Average annual premium
F-150 King Ranch	$2,744
F-150 Lariat	$2,609
F-150 Platinum	$2,720
F-150 STX	$2,488
F-150 XL	$2,304
F-150 XLT	$2,444

Factors that influence 2024 Ford F-150 insurance premiums

Insurance rates for a 2024 Ford F-150 aren’t set in stone. What you’ll pay depends on things like the car’s age, the trim you choose, who’s behind the wheel, and the coverage limits in the policy. Here’s a closer look at the factors that make a difference.

Vehicle-related factors

Vehicle value. Newer or pricier models cost more to insure.
Repair costs. Higher repair or parts costs drive up premiums.
Safety ratings. Strong crash-test results and advanced safety features may reduce rates.
Theft risk. Models frequently targeted by thieves cost more to cover.

Driver-related factors

Age and gender. Younger drivers usually pay more.
Location. City drivers face higher premiums than rural drivers.
Driving history. Clean records lower costs, while tickets and accidents increase them.
Annual mileage. More time on the road means more risk, and higher premiums.

Policy-related factors

Coverage level. Full coverage costs more than liability-only, but offers broader protection.
Deductible amount. Higher deductibles lower premiums but increase out-of-pocket costs after a claim.
Optional add-ons. Coverage like roadside assistance, gap insurance, or rental reimbursement adds convenience but raises the total premium.

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Cheapest insurance companies for insuring a 2024 Ford F-150

Nationwide offers the cheapest car insurance rates for a 2024 Ford F-150, averaging $2,037 per year. Other insurers with competitive prices include GEICO, State Farm, and Progressive. The table below shows the companies with the most affordable 2024 Ford F-150 insurance rates.

Company group	Average annual premium
Nationwide	$2,037
GEICO	$2,070
State Farm	$2,172
Progressive	$2,484
Farmers	$2,858
Allstate	$3,152

How to lower 2024 Ford F-150 insurance premiums

Looking to save? Here are some practical ways to cut your costs.

Shop around for quotes. Each insurer calculates risk differently.
Adjust your coverage. If the car is older or you don’t drive often, lowering limits or dropping extras may save you money.
Raise your deductible. This lowers premiums but means paying more after a claim.
Take advantage of discounts. Safe driving, bundling home and auto, low mileage, and built-in safety features can all qualify.
Keep a clean record. Tickets and accidents can send rates soaring, while safe driving helps keep them low.
Try usage-based insurance. Some companies offer discounts if you opt into telematics programs that track driving behavior.

F-150 insurance premiums by model year

Insurance rates also change depending on the model year. Newer vehicles typically cost more to cover because they have higher values and more complex technology, which can make repairs expensive. Industry-wide labor and repair costs have also risen over time, driving premiums higher across all years.

Below, you can compare average insurance premiums for the 2024 Ford F-150 by model year.

Model year	Average annual premium
2014	$1,653
2015	$1,780
2016	$1,826
2017	$1,878
2018	$1,925
2019	$2,006
2020	$2,087
2021	$2,134
2022	$2,223
2023	$2,335
2024	$2,458

How expensive is it to insure a 2024 Ford F-150?

On average, insuring a 2024 Ford F-150 costs $2,458 per year, which is $205 less than the national average of $2,663.

Insurance premiums vary widely, but comparing multiple quotes is the best way to make sure you’re paying a fair price while still getting strong protection.

Methodology

Insure.com commissioned Quadrant Information Services to gather insurance rates for new and used vehicles. Rates are based on a 40-year-old male driver with full coverage (100/300/100 limits and $500 deductibles for collision and comprehensive). The data set includes 1,661 makes and models, more than 67 million quotes from 57 companies, and 510 ZIP codes nationwide. These numbers are for comparison purposes only – your actual rate may differ.

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Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.

On this page

2024 Ford F-150 insurance premiums by state
Breaking down 2024 Ford F-150 insurance cost by trim level
Factors that influence 2024 Ford F-150 insurance premiums
Cheapest insurance companies for insuring a 2024 Ford F-150
How to lower 2024 Ford F-150 insurance premiums
F-150 insurance premiums by model year
How expensive is it to insure a 2024 Ford F-150?
Methodology