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.

Average auto insurance rates for a Ford Ranger are $1,242 annually with full coverage. Comprehensive insurance costs an estimated $242, collision costs $452, and liability insurance costs $390. A policy with just liability insurance costs as little as $452 a year, with coverage for high-risk drivers costing $2,686 or more. Teen drivers receive the highest rates at $4,720 a year or more.

Average premium for full coverage: $1,242

Rate estimates broken down by individual coverage type:

Includes $500 comprehensive and collision deductibles, liability coverage up to 30/60, and includes medical and uninsured motorist coverage. Rates are averaged for all U.S. states and for different Ranger trim levels.

Price Range by Coverage and Risk

Price Range by Location

Your location has a significant impact on car insurance rates. More rural locations tend to have fewer collision claims than larger metro areas.

The price range example below illustrates how where you live affects insurance prices.

These examples demonstrate why anyone shopping for car insurance should compare rates for a targeted area and their own personal driving habits, rather than relying on price averages.

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

Detailed Rate Analysis

The chart below details estimated Ford Ranger insurance rates for other coverage scenarios.

• The lowest rate with discounts is $722
• Drivers who choose higher $1,000 deductibles will pay approximately $158 annually
• The estimated rate for a 40-year-old driver who has $500 deductibles is $1,242
• Choosing more expensive low deductibles for comprehensive and collision insurance costs an additional $304 a year
• High risk drivers with multiple violations and an at-fault accident could pay up to $2,686 or more
• The cost with full coverage for a teen driver with full coverage can cost as much as $4,720 a year

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Insurance rates for a Ford Ranger can also vary considerably based on the trim level of your Ranger, your driving record, and liability limits and deductibles.

An older driver with no violations or accidents and high physical damage deductibles could pay as little as $1,200 per year on average for full coverage. Rates are highest for teen drivers, where even without any violations or accidents they should be prepared to pay at least $4,700 a year. View Rates by Age

If you like to drive fast or you caused a few accidents, you may be forking out $1,500 to $2,000 additional per year, depending on your age. High-risk driver insurance can cost anywhere from 42% to 135% more than average. View High Risk Driver Rates

Choosing high deductibles could save up to $470 each year, while increasing your policy's liability limits will increase premiums. Moving from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $351 more each year. View Rates by Deductible or Liability Limit

Where you live makes a big difference in Ford Ranger insurance rates. A 40-year-old driver could pay as low as $890 a year in states like Utah, Ohio, and New Hampshire, or as much as $1,680 on average in New York, Michigan, and Florida.

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With so much variability in rates, the best way to find out which company is cheapest is to compare rates from as many companies as possible. Every company uses a different rate calculation, and rates can be significantly different between companies.

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 Buy the Cheapest Ford Ranger Insurance

Saving money on Ford Ranger insurance not only requires having a decent driving record, but also having good credit, eliminating unnecessary coverage, and maximizing policy discounts. Take the time to comparison shop every time your policy renews by obtaining price quotes from direct companies like Progressive and GEICO, and also from several local insurance agents.

The following items are a recap of the information touched on in the above illustrations.

• You may be able to save approximately $150 per year simply by shopping early and online
• 16 to 18-year-old drivers are expensive to insure, with premiums as much as $393 per month if they have full coverage
• Increasing deductibles could save up to $450 each year
• High-risk drivers that have major violations or accidents pay on average $1,440 more annually than a driver with a clean driving record
• Drivers who want additional liability coverage will pay about $430 every year to go from a minimum limit to higher 250/500 limits

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.