Finding economical insurance for a Ford F-150 is dependent upon many rating factors such as whether you use your F-150 for business use, your credit history, and if you have a history of accidents. Indiana drivers pay on average $712 per year for F-150 insurance, but that cost is an estimation based on a 50-year-old married female driver with full coverage and $500 deductibles.
When estimating a car insurance rate like we just did, the issue is that you may not be 50 years old (or even female), possibly single instead of married, and maybe you want higher deductibles. Everyone has unique insurance needs, and this illustrates why the only way to find the cheapest insurance price for your Ford is to compare as many rates as you can.
The trim level of your vehicle tends to impact the insurance rate, so the price you will pay to insure a F-150 XL Regular Cab 2WD model will be $182 cheaper than the insurance cost for the more expensive F-150 Lariat Crew Cab Platinum 4WD model, as shown by the rates below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|F-150 XL Regular Cab 2WD||$118||$158||$264||$16||$80||$636||$53|
|F-150 STX Regular Cab 2WD||$118||$202||$264||$16||$80||$680||$57|
|F-150 XL Super Cab 2WD||$118||$202||$264||$16||$80||$680||$57|
|F-150 XLT Regular Cab 2WD||$118||$202||$264||$16||$80||$680||$57|
|F-150 STX Super Cab 2WD||$118||$202||$264||$16||$80||$680||$57|
|F-150 XL Crew Cab 2WD||$136||$202||$264||$16||$80||$698||$58|
|F-150 XLT Super Cab 2WD||$136||$202||$264||$16||$80||$698||$58|
|F-150 STX Regular Cab 4WD||$136||$202||$264||$16||$80||$698||$58|
|F-150 XL Regular Cab 4WD||$136||$202||$264||$16||$80||$698||$58|
|F-150 FX2 Super Cab 2WD||$136||$202||$264||$16||$80||$698||$58|
|F-150 XLT Crew Cab 2WD||$136||$202||$264||$16||$80||$698||$58|
|F-150 XL Super Cab 4WD||$136||$202||$264||$16||$80||$698||$58|
|F-150 XLT Regular Cab 4WD||$136||$202||$264||$16||$80||$698||$58|
|F-150 XL Crew Cab 4WD||$154||$202||$264||$16||$80||$716||$60|
|F-150 STX Super Cab 4WD||$154||$202||$264||$16||$80||$716||$60|
|F-150 XLT Super Cab 4WD||$154||$202||$264||$16||$80||$716||$60|
|F-150 FX2 2WD||$154||$244||$264||$16||$80||$758||$63|
|F-150 Lariat Super Cab 2WD||$154||$244||$264||$16||$80||$758||$63|
|F-150 Lariat Crew Cab 2WD||$154||$244||$264||$16||$80||$758||$63|
|F-150 FX4 Super Cab 4WD||$154||$244||$264||$16||$80||$758||$63|
|F-150 XLT Crew Cab 4WD||$154||$244||$264||$16||$80||$758||$63|
|F-150 FX4 4WD||$154||$244||$264||$16||$80||$758||$63|
|F-150 Lariat Crew Cab 4WD||$154||$244||$264||$16||$80||$758||$63|
|F-150 SVT Raptor Super Cab 4WD||$154||$244||$264||$16||$80||$758||$63|
|F-150 Lariat Super Cab 4WD||$154||$244||$264||$16||$80||$758||$63|
|F-150 Lariat Crew Cab Platinum 2WD||$154||$288||$264||$16||$80||$802||$67|
|F-150 Lariat Crew Cab Harley 2WD||$154||$288||$264||$16||$80||$802||$67|
|F-150 Lariat King Ranch 2WD||$154||$288||$264||$16||$80||$802||$67|
|F-150 Lariat King Ranch 4WD||$170||$288||$264||$16||$80||$818||$68|
|F-150 Lariat Crew Cab Harley 4WD||$170||$288||$264||$16||$80||$818||$68|
|F-150 Lariat Crew Cab Platinum 4WD||$170||$288||$264||$16||$80||$818||$68|
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Cost estimates assume married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Price information does not factor in Indianapolis location which can affect price quotes significantly.
Finding out which insurers offer the cheapest insurance rates for a Ford F-150 may require a little more work in order to find the best price. Each auto insurer has a different process to determine premium rates, so let’s look at the rankings for the insurance companies that tend to be cheaper in Indiana.
Keep in mind that Indianapolis insurance rates are influenced by many factors that will increase or decrease the cost of having a policy. Simply having a birthday, buying a different vehicle, or getting into an accident may prompt premium changes that can now make some companies more affordable than others.
Best Auto Insurance Prices for your F-150
Travelers may offer some of the cheapest car insurance rates in Indianapolis at around $620 per year. USAA, Cincinnati Insurance, Erie, and Western Reserve are also some of the cheapest Indianapolis, IN auto insurance companies.
As the example above demonstrates, if you are insured with Erie and switched to USAA, you could see an annual savings of approximately $59. Customers with Western Reserve might save as much as $171 a year, and Indiana Farmers Mutual insureds might lower prices by $182 a year.
Be aware that those policy rates are averages across all drivers and vehicles and and are not figured with a vehicle location for a Ford F-150. So the insurer that is best suited for you may not even be in the top 36 companies in the list above. That emphasizes why you need to compare prices as often as possible using your own specific driver information and vehicle.
How to get discounts on Indianapolis auto insurance rates
Insurers that offer cheap quotes for a Ford F-150 may additionally offer rate discounts that could potentially reduce rates by as much as 35% if you qualify for them. A few of the larger companies and a summarized list of policyholder discounts can be read below.
- State Farm has discounts for safe vehicle, anti-theft, student away at school, passive restraint, Steer Clear safe driver discount, and multiple autos.
- Farmers Insurance offers premium reductions for pay in full, multi-car, early shopping, mature driver, good student, homeowner, and distant student.
- Progressive may include discounts for multi-policy, online signing, continuous coverage, multi-vehicle, good student, and homeowner.
- GEICO may offer discounts for membership and employees, anti-lock brakes, defensive driver, multi-policy, five-year accident-free, good student, and multi-vehicle.
- Auto-Owners Insurance may have discounts that include group or association, company car, anti-theft, air bags, and multi-policy.
- The Hartford offers discounts including driver training, air bag, bundle, anti-theft, and defensive driver.
- Farm Bureau offers discounts for multi-policy, multi-vehicle, good student, driver training, safe driver, and renewal discount.
- USAA policyholders can earn discounts including loyalty savings, annual mileage, driver training, safe driver, and multi-vehicle.
The example below illustrates the comparison of car insurance costs with and without discounts applied to the premium. The data assumes a male driver, no claims or violations, Indiana state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with marriage, anti-theft, accident-free, claim-free, multiple policy, and multiple vehicle discounts applied. With discounts applied, theamount saved on insurance for a Ford F-150 is 27% or $412.
The example below demonstrates how deductibles can influence insurance costs when researching cheap insurance for a Ford F-150. The costs are based on a single male driver, full coverage, and no discounts are factored in.
The data above shows that a 40-year-old driver could pocket $250 a year by switching from a $100 deductible up to a $500 deductible, or save $380 by changing to a $1,000 deductible. Youthful drivers, like the age 20 example, could shave $804 or even more by using higher deductibles when buying full coverage.
If you do make the decision to raise your deductibles, it will be important to have additional savings on hand to be able to pay the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.
Here’s why you should shop around
Indianapolis insurance rates are based on many factors that control the price you pay. Simply having another birthday, adding a teenager to your policy, or getting caught speeding can trigger price changes resulting in some companies being cheaper than competitors.
Not only that, but auto insurance companies change the rates they charge in Indiana every year or even multiple times each year to adjust for heavy claims or excess profits. Higher than usual claims can result in rate hikes, while lower claim levels can cause cheaper F-150 insurance rates.
To illustrate this point, the graph below compares the cheapest car insurance in Indianapolis, IN for a 45-year-old male driver with a clear driving record, no claims, and great credit. If we look at prices based on his current risk profile, Travelers quotes the lowest car insurance rates in Indianapolis at $724 each year. This is $516 less than the average premium paid by Indiana drivers of $1,240. USAA, Cincinnati Insurance, Erie, and Western Reserve are the remaining cheapest Indianapolis, IN auto insurance companies.
The example below compares rates after we give the driver from above a claim surcharge, a lower credit rating, and a traffic citation. Since each insurance company uses a different method for establishing rates, comparing rates could now result in a new list of affordable companies as shown below.
Indiana Farmers Mutual now has the cheapest insurance rate in Indianapolis with Auto-Owners, USAA, Erie, and Nationwide also being competitive. This shows why it is so important to take the time to shop around to get the cheapest auto insurance rates for a Ford F-150.
Car insurance prices are calculated by many things and can change substantially, so the lowest-price company when you last compared rates may now be an over-priced policy.
If you wish to get some help when comparing insurance rates for a F-150 pickup, the agents below are a good start to provide answers to your questions and help you determine which policy is best. To find an auto insurance agency near you, click the button following the list or click here to compare prices now.
- Affordable Insurance Agency
10 S Mickley Ave – Indianapolis, IN 46241 – (317) 484-9195
- Haleh Krauter – State Farm Insurance Agent
11204 Fall Creek Rd – Indianapolis, IN 46256 – (317) 849-9996
- Elizabeth Marshall – State Farm Insurance Agent
6124 N College Ave – Indianapolis, IN 46220 – (317) 255-2700
How to find economical car insurance for a Ford F-150
The list below shows some of the recommended thrifty suggestions that can help Indianapolis drivers find cheap coverage.
- Avoid accidents and claims
- Buy a safer vehicle
- Frequent claims may make car insurance unaffordable
- Buying home and auto together can help save money
- Violations and traffic tickets increase rates
- Compare rates regularly and switch companies to save money
That last tip is notably significant, as was pointed out in the article above. Insurance rates can change in a short period of time, so drivers shouldn’t be reluctant to switch companies if you find a cheaper price. Having brand loyalty is commendable, but it’s not a great idea if it’s costing you a small fortune. If you have a few minutes, compare rates and find cheaper insurance for a Ford F-150 in Indianapolis.