Ford F-150 Lightning Insurance Rates

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Mar 28, 2024

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U.S. average auto insurance rates for a Ford F-150 Lightning are $1,762 annually for full coverage. Comprehensive insurance costs approximately $344 each year, collision insurance costs $698, and liability costs around $520. Buying just liability costs as low as $592 a year, and insurance for high-risk drivers costs $3,832 or more. Teenage drivers pay the highest rates at up to $6,638 a year.

Average premium for full coverage: $1,762

Price estimates by individual coverage:

Comprehensive $344
Collision $698
Liability $520

Rate estimates include $500 policy deductibles, 30/60 liability limits, and includes additional medical/uninsured motorist coverage. Estimates are averaged for all states and F-150 Lightning models.

Price Range from Low to High

For an average driver, Ford F-150 Lightning insurance prices range from as cheap as $592 for just the minimum liability insurance to a high rate of $3,832 for a driver required to buy high-risk insurance.

Liability Only $592
Full Coverage $1,762
High Risk $3,832

Geographic Price Range

Where you live can make a big difference on car insurance rates. Rural locations have fewer accident claims than densely populated cities. The graphic below illustrates the effect of geographic area on auto insurance prices.

Rural Areas $1,322
Small Cities $1,850
Large Cities $2,379

The ranges above show why all drivers should compare prices using their specific location and their own personal driving habits, instead of making a decision based on average rates.

Use the form below to get customized rates for your location.

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

Additional Rate Analysis

The chart below shows average Ford F-150 Lightning insurance rates for additional coverage and risk scenarios.

  • The best discount rate is $1,005
  • Using higher $1,000 deductibles will save $236 a year
  • The estimated rate for the average middle-age driver who chooses $500 deductibles is $1,762
  • Using low deductibles for physical damage coverage costs an additional $462 annually
  • High-risk insureds who are prone to accidents and violations could pay around $3,832
  • The price with full coverage for a 16-year-old driver can cost $6,638 or more

View Chart as Image

Ford F-150 Lightning insurance cost comparison chart
Column chart showing Ford F-150 Lightning insurance prices range from $1,005 to $6,638 for full coverage

Insurance prices for a Ford F-150 Lightning are also quite variable based on the trim level and model year, your driver profile, and physical damage deductibles and liability limits.

More mature drivers with no violations or accidents and high physical damage deductibles may pay as low as $1,600 a year for full coverage. Prices are much higher for teenage drivers, where even without any violations or accidents they should be prepared to pay in the ballpark of $6,600 a year. View Rates by Age

If you have some driving violations or you caused a few accidents, you could be paying anywhere from $2,100 to $2,900 additional each year, depending on your age. Insurance for high-risk drivers can be from 44% to 133% more than a normal policy. View High Risk Driver Rates

Using high physical damage deductibles could cut prices by as much as $700 annually, whereas increasing liability limits will push prices upward. Going from a 50/100 bodily injury limit to a 250/500 limit will increase prices by as much as $468 more each year. View Rates by Deductible or Liability Limit

The state you live in has a huge impact on Ford F-150 Lightning insurance prices. A driver around age 40 might see prices as low as $1,160 a year in states like Iowa, Maine, and Idaho, or be forced to pay as much as $2,510 on average in New York, Louisiana, and Michigan.

Ford F-150 Lightning Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,592 -$170 -9.6%
Alaska $1,348 -$414 -23.5%
Arizona $1,460 -$302 -17.1%
Arkansas $1,762 -$0 0.0%
California $2,006 $244 13.8%
Colorado $1,682 -$80 -4.5%
Connecticut $1,808 $46 2.6%
Delaware $1,994 $232 13.2%
Florida $2,200 $438 24.9%
Georgia $1,624 -$138 -7.8%
Hawaii $1,264 -$498 -28.3%
Idaho $1,194 -$568 -32.2%
Illinois $1,312 -$450 -25.5%
Indiana $1,328 -$434 -24.6%
Iowa $1,192 -$570 -32.3%
Kansas $1,672 -$90 -5.1%
Kentucky $2,402 $640 36.3%
Louisiana $2,606 $844 47.9%
Maine $1,086 -$676 -38.4%
Maryland $1,454 -$308 -17.5%
Massachusetts $1,408 -$354 -20.1%
Michigan $3,058 $1,296 73.6%
Minnesota $1,474 -$288 -16.3%
Mississippi $2,110 $348 19.8%
Missouri $1,564 -$198 -11.2%
Montana $1,894 $132 7.5%
Nebraska $1,388 -$374 -21.2%
Nevada $2,112 $350 19.9%
New Hampshire $1,266 -$496 -28.1%
New Jersey $1,970 $208 11.8%
New Mexico $1,560 -$202 -11.5%
New York $1,852 $90 5.1%
North Carolina $1,014 -$748 -42.5%
North Dakota $1,442 -$320 -18.2%
Ohio $1,216 -$546 -31.0%
Oklahoma $1,808 $46 2.6%
Oregon $1,614 -$148 -8.4%
Pennsylvania $1,680 -$82 -4.7%
Rhode Island $2,350 $588 33.4%
South Carolina $1,596 -$166 -9.4%
South Dakota $1,484 -$278 -15.8%
Tennessee $1,542 -$220 -12.5%
Texas $2,122 $360 20.4%
Utah $1,304 -$458 -26.0%
Vermont $1,204 -$558 -31.7%
Virginia $1,054 -$708 -40.2%
Washington $1,360 -$402 -22.8%
West Virginia $1,614 -$148 -8.4%
Wisconsin $1,218 -$544 -30.9%
Wyoming $1,570 -$192 -10.9%

View Chart as Image

Ford F-150 Lightning insurance rates by U.S. city
Ford F-150 Lightning Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2024 Ford F-150 Lightning $390 $750 $466 $1,806
2023 Ford F-150 Lightning $372 $720 $488 $1,780
2022 Ford F-150 Lightning $356 $714 $498 $1,768
2021 Ford F-150 Lightning $344 $698 $520 $1,762

Rates are averaged for all Ford F-150 Lightning models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.

How to Buy the Best Ford F-150 Lightning Insurance

Getting lower rates on insurance for a Ford F-150 Lightning requires being a good driver, having good credit, eliminating unnecessary coverage, and consideration of higher deductibles. Take the time to compare rates at every policy renewal by obtaining price quotes from direct carriers like GEICO, Progressive, and Esurance, and also from several local insurance agents.

The following list is a brief recap of the data covered in the above illustrations.

  • Insureds who purchase an increased level of liability coverage will pay an extra $570 each year to increase from a low limit to higher 250/500 limits
  • Drivers can save around $210 per year just by quoting online in advance
  • Increasing physical damage deductibles could save up to $700 each year
  • Drivers age 16 to 20 are the costliest to insure, with premiums as much as $553 a month if they have full coverage

Rates by Driver Age

Ford F-150 Lightning Insurance Rates by Driver Age
Driver Age Premium
16 $6,638
20 $4,102
30 $1,834
40 $1,762
50 $1,608
60 $1,578

Full coverage, $500 deductibles

Rates by Deductible

Ford F-150 Lightning Insurance Rates with Different Deductibles
Deductible Premium
$100 $2,224
$250 $2,008
$500 $1,762
$1,000 $1,526

Full coverage, driver age 40

Rates by Liability Limit

Ford F-150 Lightning Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,762
50/100 $1,866
100/300 $1,996
250/500 $2,334
100 CSL $1,918
300 CSL $2,204
500 CSL $2,412

Full coverage, driver age 40

Rates for High Risk Drivers

Ford F-150 Lightning Insurance Rates for High Risk Drivers
Age Premium
16 $9,480
20 $6,532
30 $3,914
40 $3,832
50 $3,662
60 $3,626

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $251

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $94
Multi-vehicle $94
Homeowner $26
5-yr Accident Free $132
5-yr Claim Free $115
Paid in Full/EFT $82
Advance Quote $89
Online Quote $125
Total Discounts $757
Rate after discounts $1,005

Discounts are estimated and may not be available from every company or in every state.

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