Ford Ranger Insurance Rates

How much does it cost to insure a Ford Ranger? Average insurance for a Ford Ranger is $1,254 a year, or $104 a month. There are multiple factors that go into determining these rates, and understanding them will help you lower the cost of your Ford Ranger car insurance.

Our guide goes over average Ford Ranger rates, safety ratings, purchase costs, and much more. Want to start shopping for Ford Ranger insurance rates right away? Enter your ZIP code in our free tool above to find average insurance for a Ford Ranger.

The average insurance rates for a Ford Ranger are $1,242 a year including full coverage. Comprehensive costs on average $242 a year, collision costs $452, and liability costs $390. Liability-only insurance costs as little as $452 a year, with high-risk driver insurance costing around $2,686. 16-year-old drivers cost the most to insure at $4,720 a year or more.

Average premium for full coverage: $1,242

Policy rates by type of insurance:

Full coverage includes $500 physical damage insurance deductibles, 30/60 bodily injury liability limits, and includes both medical and uninsured motorist insurance. Prices are averaged for all 50 U.S. states and Ranger trim levels.

Price Range Variability

Urban vs. Rural Price Range

Your location can make a big difference on car insurance rates. Rural areas are shown to have lower incidents of comprehensive and collision claims than congested cities.

The diagram below illustrates the difference between rural and urban areas on car insurance rates.

The examples above highlight why it is important to compare rates based on a specific location, instead of making a decision based on rate averages.

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

Additional Rate Details

The chart below breaks down estimated Ford Ranger insurance rates for different risk profiles and scenarios.

• The best full coverage rate is $722
• Drivers who choose higher $1,000 deductibles will pay around $1,084 every year
• The estimated price for a good driver age 40 with $500 deductibles is $1,242
• Buying low $100 deductibles for comprehensive and collision insurance bumps up the cost to $1,546
• Drivers with multiple tickets or accidents could pay upwards of $2,686 or more
• Policy cost that insures a 16-year-old driver may cost $4,720 a year

View Chart as Image

Auto insurance rates for a Ford Ranger also range considerably based on the trim level of your Ranger, your driving record and age, and policy deductibles and limits.

If you have a few points on your driving record or you caused an accident, you are likely paying at a minimum $1,500 to $2,000 in extra premium every year, depending on your age. A high-risk auto insurance policy can cost from 42% to 135% more than the average rate. View High Risk Driver Rates

Older drivers with a good driving record and higher comprehensive and collision deductibles may pay as low as $1,200 per year on average, or $100 per month, for full coverage. Rates are highest for teenagers, since even teens with perfect driving records will have to pay upwards of $4,700 a year. View Rates by Age

Your home state makes a big difference in Ford Ranger insurance prices. A 40-year-old driver could pay as low as $950 a year in states like Missouri, New Hampshire, and Vermont, or at least $1,770 on average in Michigan, New York, and Louisiana.

View Chart as Image

Opting for high physical damage deductibles could save up to $470 annually, while buying higher liability limits will cost you more. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $351 extra every year. View Rates by Deductible or Liability Limit

Because rates have so much variability, the best way to figure out exactly what you will pay is to get quotes from multiple companies. Every company utilizes a different rate formula, and quoted rates will be varied.

Insurance Rates by Trim Level and Model Year

Rates assume 2023 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.

How to Find More Affordable Ford Ranger Insurance

Finding cheaper rates on insurance for a Ford Ranger not only requires being a low-risk driver, but also maintaining a good credit score, paying for small claims out-of-pocket, and taking advantage of discounts. Comparison shop at every other renewal by quoting rates from direct car insurance companies, and also from insurance agencies where you live.

The items below are a summary of the concepts that were covered above.

• Drivers considered higher risk who have multiple accidents or major violations could be forced to pay on average $1,440 more each year to insure their Ranger
• Teen drivers are charged the highest rates, with premiums being up to $393 each month if the policy includes full coverage
• You may be able to save as much as $150 per year simply by quoting early and online
• Increasing comprehensive and collision deductibles can save approximately $450 each year
• You may be able to save as much as $150 per year simply by quoting early and online

To avoid the high rates on the list above, make sure to shop around at different insurers. For example, before you commit to a company like Progressive, make sure you get rates from other companies and compare prices.

Getting rates will also make help you answer questions from how much is car insurance in NJ for a 17-year-old to does a V6 cost more on insurance. Use our free comparison tool below to get started on finding Ford Ranger insurance rates and discover which car insurance company is cheapest.

Ford Ranger Size and Class and Liability Insurance

What determines the price of car insurance? The Ford Ranger’s size and class have a direct effect on what you pay for liability insurance, as liability insurance pays for other driver’s repairs and injuries if you are the driver who caused the accident. So if your vehicle can do significant damage to other vehicles/drivers, you will have higher liability rates.

The Ford Ranger is a small pickup truck, so it isn’t likely to crush other vehicles. Do pickup trucks cost more to insure? It will only cost more to insure if the Ford Ranger crashes easily. Keep reading to see if the Ford Ranger has higher liability rates.

Ford Ranger Liability Insurance Rates

We pulled sample rates from a Geico quote for a 40-year-old man who owns his 2020 Ford Ranger Supercab, has a clean driving record, and travels 13,000 miles a year. The first set of rates you see below is for bodily injury liability. The prices are for a six-month policy.

• Low ($15,000/$30,000): $33.25
• Medium ($100,000/$200,000): $68.15
• High ($500,000/$500,000): $109.71

It only costs $76 (or $12 a month) to upgrade bodily injury liability from low to high coverage. This is a little cheaper than normal, as the price increase for most vehicles is usually closer to $100. Next, take a look at the property damage liability rates.

• Low ($5,000): $429.72
• Medium ($20,000): $457.09
• High ($100,000): $477.08

Drivers can upgrade their coverage from low to high for only $48 (or $8 a month). These prices aren’t bad, but shopping around can help you save even more on high liability coverage.

Ford Ranger Safety Features and Ratings

USNews listed the following standard safety features for the 2020 Ford Ranger:

• Driver Air Bag
• Passenger Air Bag
• Front Head Air Bag
• Rear Head Air Bag
• Front Side Air Bag
• 4-Wheel ABS
• 4-Wheel Disc Brakes
• Brake Assist
• Electronic Stability Control
• Daytime Running Lights
• Front Tow Hooks
• Traction Control
• Blind Spot Monitor
• Lane Departure Warning
• Lane Keeping Assist
• Cross-Traffic Alert

These safety features can help drivers earn a vehicle safety feature discount. Good crash test ratings can also help lower your rates. The Insurance Institute for Highway Safety (IIHS) gave the 2020 Ford Ranger CrewCab the following ratings in its crash tests:

• Small overlap front (driver-side): Good
• Small overlap front (passenger-side): Acceptable
• Moderate overlap front: Good
• Side: Good
• Roof strength: Good
• Head restraints and seats: Good

Good is the highest rating, so the Ford Ranger did well in the crash testing. Pickups were also shown to be safer than cars in the IIHS’s fatality data, as per driver fatalities per million vehicles were 34 driver pickup deaths compared to 23 for SUVs and 48 for cars. All occupant fatalities per million vehicles showed 42 pickup deaths, 32 SUV deaths, and 69 car deaths.

Even though SUVs have few fatalities per million vehicles, pickups still have decent fatality rates. There was a total of 4,369 pickup occupant deaths in 2018, which is less than SUV total deaths (5,035) and much less than car total deaths (13,138). The pickup fatalities can be broken up into the following:

• Frontal Impact: 2,493 deaths
• Side Impact: 807 deaths
• Rear Impact: 173 deaths
• Other (mostly rollovers): 896 deaths

Frontal impacts cause the most fatalities for pickups, followed by rollovers.

Ford Ranger Manufacturer Suggested Retail Price

Insurers check the manufacturer suggested retail price (MSRP) to determine how much repairs or vehicle replacement will cost. We went to Kelley Blue Book (KBB) to find out the MSRP and average Ford Ranger price for a 2020 Ford Ranger SuperCab.

• MSRP: $29,765
• Invoice Price: $28,908
• Fair Purchase Price: $28,750
• Fair Market Range: $27,801 to $29,698

The MSRP is on the higher end. Anytime a vehicle costs more, the insurance costs more. The two main coverages the MSRP will affect are collision and comprehensive insurance. Both of these coverages cover your vehicle repairs after an accident, so a high MSRP means that repair parts will cost more.

Shopping around for car insurance will be one of the best ways to bring down your collision and comprehensive insurance rates, so make sure to comparison shop. It will also help you find out which cars are the cheapest to insure, such as if a 4×4 costs more to insure or which model of the Ford Ranger is the cheapest truck to insure.

Ford Ranger Repair Costs

Average annual repair costs can be much higher than drivers expect, due to breakdowns and worn-out parts needing to be replaced. What is the cheapest truck to insure? Generally, it will be one that has low maintenance and repair costs. The good news is that RepairPal’s reliability rating of the Ford Ranger was four out of five.

In addition, the average annual repair cost for the Ford Ranger is $615, which is only slightly higher than the average annual repair cost for midsize trucks ($548).

So how much does it cost to repair your Ford Ranger if you get into an accident? According to InstantEstimator’s free online tool, repairs for level two damage to a 2020 Ford Ranger are as follows:

• Front bumper: $389
• Rear bumper: $399
• Hood: $387
• Roof: $435
• Front door: $391
• Back door: $379
• Fender: $351
• Quarter panel: $399

The repair costs for the 2020 Ford Ranger are average, which is good. Just like shopping for insurance, shopping around for a repair shop can help lower your bill.

Finding insurance for your Ford Ranger doesn’t have to be hard. Hopefully, our guide helped you better understand the Ford Ranger insurance rates. Make sure to check out our site for other Ford vehicle reviews, such as Polaris Ranger insurance or insurance on a Raptor.

If you are ready to start comparison shopping for average insurance for a Ford Ranger, enter your ZIP code in our free tool.