Buying the cheapest auto insurance for a Ford F-150 in Kentucky relies on a very complex rating algorithm that uses multiple factors such as annual vehicle mileage, your geographic location, and your driving record. Drivers will pay on average $972 per year to insure their F-150, but that amount is a valuation based upon a 50-year-old single female driver with full physical damage coverage and $500 deductibles.
It’s highly likely you are not 50 years old and maybe not even female, married instead of single, or maybe you live in a different area as the quoted rates. Just a minor difference in rating variables or coverage information can make a large difference in the amount insurance costs for a Ford F-150.
This example demonstrates why the only real way to find cheap auto insurance rates for your Ford is to just take the time to compare rates yourself. Comparing quotes is easy and you will receive price comparisons from top-rated car insurance companies that sell coverage in Kentucky.
Vehicle trim level tends to have a direct effect on the yearly cost, so the price you pay to insure a F-150 XL Regular Cab 2WD trim level will be $248 cheaper than the cost to insure the high end F-150 Lariat Crew Cab Platinum 4WD trim level, as shown in the prices below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| F-150 XL Regular Cab 2WD | $154 | $216 | $368 | $22 | $110 | $870 | $73 |
| F-150 STX Regular Cab 2WD | $154 | $276 | $368 | $22 | $110 | $930 | $78 |
| F-150 XL Super Cab 2WD | $154 | $276 | $368 | $22 | $110 | $930 | $78 |
| F-150 XLT Regular Cab 2WD | $154 | $276 | $368 | $22 | $110 | $930 | $78 |
| F-150 STX Super Cab 2WD | $154 | $276 | $368 | $22 | $110 | $930 | $78 |
| F-150 XL Crew Cab 2WD | $176 | $276 | $368 | $22 | $110 | $952 | $79 |
| F-150 XLT Super Cab 2WD | $176 | $276 | $368 | $22 | $110 | $952 | $79 |
| F-150 STX Regular Cab 4WD | $176 | $276 | $368 | $22 | $110 | $952 | $79 |
| F-150 XL Regular Cab 4WD | $176 | $276 | $368 | $22 | $110 | $952 | $79 |
| F-150 FX2 Super Cab 2WD | $176 | $276 | $368 | $22 | $110 | $952 | $79 |
| F-150 XLT Crew Cab 2WD | $176 | $276 | $368 | $22 | $110 | $952 | $79 |
| F-150 XL Super Cab 4WD | $176 | $276 | $368 | $22 | $110 | $952 | $79 |
| F-150 XLT Regular Cab 4WD | $176 | $276 | $368 | $22 | $110 | $952 | $79 |
| F-150 XL Crew Cab 4WD | $200 | $276 | $368 | $22 | $110 | $976 | $81 |
| F-150 STX Super Cab 4WD | $200 | $276 | $368 | $22 | $110 | $976 | $81 |
| F-150 XLT Super Cab 4WD | $200 | $276 | $368 | $22 | $110 | $976 | $81 |
| F-150 FX2 2WD | $200 | $336 | $368 | $22 | $110 | $1,036 | $86 |
| F-150 Lariat Super Cab 2WD | $200 | $336 | $368 | $22 | $110 | $1,036 | $86 |
| F-150 Lariat Crew Cab 2WD | $200 | $336 | $368 | $22 | $110 | $1,036 | $86 |
| F-150 FX4 Super Cab 4WD | $200 | $336 | $368 | $22 | $110 | $1,036 | $86 |
| F-150 XLT Crew Cab 4WD | $200 | $336 | $368 | $22 | $110 | $1,036 | $86 |
| F-150 FX4 4WD | $200 | $336 | $368 | $22 | $110 | $1,036 | $86 |
| F-150 Lariat Crew Cab 4WD | $200 | $336 | $368 | $22 | $110 | $1,036 | $86 |
| F-150 SVT Raptor Super Cab 4WD | $200 | $336 | $368 | $22 | $110 | $1,036 | $86 |
| F-150 Lariat Super Cab 4WD | $200 | $336 | $368 | $22 | $110 | $1,036 | $86 |
| F-150 Lariat Crew Cab Platinum 2WD | $200 | $396 | $368 | $22 | $110 | $1,096 | $91 |
| F-150 Lariat Crew Cab Harley 2WD | $200 | $396 | $368 | $22 | $110 | $1,096 | $91 |
| F-150 Lariat King Ranch 2WD | $200 | $396 | $368 | $22 | $110 | $1,096 | $91 |
| F-150 Lariat King Ranch 4WD | $222 | $396 | $368 | $22 | $110 | $1,118 | $93 |
| F-150 Lariat Crew Cab Harley 4WD | $222 | $396 | $368 | $22 | $110 | $1,118 | $93 |
| F-150 Lariat Crew Cab Platinum 4WD | $222 | $396 | $368 | $22 | $110 | $1,118 | $93 |
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Price data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Rate quotes do not factor in specific location which can affect prices significantly.
Finding the highest-rated insurance company can be challenging considering how many choices you have in Lexington. The rank data shown below could help you decide which providers to look at purchasing coverage from.
These ratings are only comprised of the largest companies in the United States, so companies with more of a regional focus will not be included in this list. If you’d like to compare prices and find the cheapest rates for a Ford F-150, click here.
Top 10 Large Car Insurance Companies in Lexington Ranked by Claims Service
- Travelers
- Allstate
- Nationwide
- State Farm
- GEICO
- Liberty Mutual
- American Family
- Esurance
- AAA Insurance
- The Hartford
Get discounts on Lexington car insurance rates
Insurance companies that offer quotes for a Ford F-150 may also provide policy discounts that can reduce rates by 25% or more if you qualify for them. The best car insurance companies and some of the discounts can be read below.
- GEICO may include discounts for anti-theft, multi-policy, federal employee, five-year accident-free, emergency military deployment, and seat belt use.
- Mercury Insurance has discounts for accident-free, professional/association, type of vehicle, good student, and annual mileage.
- Farmers Insurance offers discounts including homeowner, multi-car, switch companies, good student, and distant student.
- Auto-Owners Insurance policyholders can earn discounts including group or association, anti-lock brakes, student away at school, multiple vehicles, good student, multi-policy, and teen driver.
- Liberty Mutual includes discounts for hybrid vehicle, teen driver discount, good student, preferred payment discount, newly retired, new vehicle discount, and new move discount.
- SAFECO discounts include teen safe driver, drive less, accident prevention training, anti-theft, safe driver, and homeowner.
- Progressive has savings for multi-vehicle, online signing, good student, homeowner, and online quote discount.
- USAA may offer discounts for defensive driver, vehicle storage, good student, multi-vehicle, annual mileage, new vehicle, and driver training.
The illustration below visualizes the comparison of yearly insurance costs with and without discounts. The prices are based on a female driver, no tickets, no at-fault accidents, Kentucky state minimum liability limits, full coverage, and $100 deductibles.
The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with homeowner, defensive driving course, vehicle safety, accident-free, multiple vehicle, and passive restraint discounts applied. When these discounts are applied to the policy premium, the average amount saved each year on car insurance for a Ford F-150 is 27% or $643.
How much more does full coverage cost in Lexington?
Reducing the cost of car insurance should be important to the majority of vehicle owners, and one good way to reduce the cost of insurance for a Ford F-150 is to not pay for full coverage. The information below illustrates the comparison of auto insurance rates with full coverage and liability only. The information is based on no driving violations, no at-fault accidents, $1,000 deductibles, drivers are not married, and no additional discounts are factored in.
As an overall average, physical damage insurance costs $1,735 per year more than insuring for liability only. That may make you wonder when is the right time to remove full coverage. There is no clear-cut formula to drop comprehensive and collision coverage on your policy, but there is a general convention. If the yearly cost of comp and collision coverage is more than about 10% of any settlement you would receive from your insurance company, then you might want to think about dropping full coverage.
There are some situations where dropping physical damage coverage is not financially feasible. If you haven’t paid off your loan, you are required to maintain full coverage to protect the lienholder’s interest. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should maintain full coverage.
How to find the cheapest insurance for a Ford F-150
The list below details some of the recommended thrifty suggestions that can help you quote cheaper auto insurance.
- Increase the comprehensive and collision deductibles on your policy
- Safe vehicles generally have lower rates
- Avoid accidents
- Avoid speeding and other traffic citations and pay less
- Improve your credit
- Full coverage may not be needed on older vehicles
- Compare rates regularly and switch companies to save money
That last idea is extremely significant, as we hit on in the prior information. Auto insurance rates change constantly, so drivers shouldn’t be resistant to buy a policy from a new company if a cheaper rate is available. Loyalty to a specific company is fine, but it’s not recommended if that dedication is costing a lot of money. If you have a few minutes, compare prices and find cheaper auto insurance for a Ford F-150 in Lexington.