Buying the cheapest car insurance for a Ford F-150 in Illinois is fairly simple, but it depends on a complicated formula that considers factors such as how long your commute is, your credit history, and citations on your driving record. Drivers in Illinois pay on average $790 per year for F-150 insurance, but that figure is a projection calculated using a 30-year-old single male driver with full physical damage coverage and $1,000 deductibles.
The issue with using an average estimated rate is the likelihood you’re not a 30-year-old male, maybe you are married instead of single, or maybe your F-150 is old enough that it doesn’t require full coverage. Auto insurance is not the same for everyone, so the only way to find cheap insurance prices for your Ford is to just take the time to compare rates yourself. To start saving now, get free quotes and you will receive prices from the best auto insurance companies that offer coverage in Illinois.
Cheapest Ford F-150 Insurance Rates
Vehicle trim level has an effect on the coverage cost, so the price to insure a F-150 XL Regular Cab 2WD model will be $168 less than the cost to insure the higher-priced F-150 Lariat Crew Cab Platinum 4WD trim level, as shown in the table below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| F-150 XL Regular Cab 2WD | $124 | $138 | $342 | $20 | $102 | $726 | $61 |
| F-150 STX Regular Cab 2WD | $124 | $176 | $342 | $20 | $102 | $764 | $64 |
| F-150 XL Super Cab 2WD | $124 | $176 | $342 | $20 | $102 | $764 | $64 |
| F-150 XLT Regular Cab 2WD | $124 | $176 | $342 | $20 | $102 | $764 | $64 |
| F-150 STX Super Cab 2WD | $124 | $176 | $342 | $20 | $102 | $764 | $64 |
| F-150 XL Crew Cab 2WD | $142 | $176 | $342 | $20 | $102 | $782 | $65 |
| F-150 XLT Super Cab 2WD | $142 | $176 | $342 | $20 | $102 | $782 | $65 |
| F-150 STX Regular Cab 4WD | $142 | $176 | $342 | $20 | $102 | $782 | $65 |
| F-150 XL Regular Cab 4WD | $142 | $176 | $342 | $20 | $102 | $782 | $65 |
| F-150 FX2 Super Cab 2WD | $142 | $176 | $342 | $20 | $102 | $782 | $65 |
| F-150 XLT Crew Cab 2WD | $142 | $176 | $342 | $20 | $102 | $782 | $65 |
| F-150 XL Super Cab 4WD | $142 | $176 | $342 | $20 | $102 | $782 | $65 |
| F-150 XLT Regular Cab 4WD | $142 | $176 | $342 | $20 | $102 | $782 | $65 |
| F-150 XL Crew Cab 4WD | $160 | $176 | $342 | $20 | $102 | $800 | $67 |
| F-150 STX Super Cab 4WD | $160 | $176 | $342 | $20 | $102 | $800 | $67 |
| F-150 XLT Super Cab 4WD | $160 | $176 | $342 | $20 | $102 | $800 | $67 |
| F-150 FX2 2WD | $160 | $214 | $342 | $20 | $102 | $838 | $70 |
| F-150 Lariat Super Cab 2WD | $160 | $214 | $342 | $20 | $102 | $838 | $70 |
| F-150 Lariat Crew Cab 2WD | $160 | $214 | $342 | $20 | $102 | $838 | $70 |
| F-150 FX4 Super Cab 4WD | $160 | $214 | $342 | $20 | $102 | $838 | $70 |
| F-150 XLT Crew Cab 4WD | $160 | $214 | $342 | $20 | $102 | $838 | $70 |
| F-150 FX4 4WD | $160 | $214 | $342 | $20 | $102 | $838 | $70 |
| F-150 Lariat Crew Cab 4WD | $160 | $214 | $342 | $20 | $102 | $838 | $70 |
| F-150 SVT Raptor Super Cab 4WD | $160 | $214 | $342 | $20 | $102 | $838 | $70 |
| F-150 Lariat Super Cab 4WD | $160 | $214 | $342 | $20 | $102 | $838 | $70 |
| F-150 Lariat Crew Cab Platinum 2WD | $160 | $252 | $342 | $20 | $102 | $876 | $73 |
| F-150 Lariat Crew Cab Harley 2WD | $160 | $252 | $342 | $20 | $102 | $876 | $73 |
| F-150 Lariat King Ranch 2WD | $160 | $252 | $342 | $20 | $102 | $876 | $73 |
| F-150 Lariat King Ranch 4WD | $178 | $252 | $342 | $20 | $102 | $894 | $75 |
| F-150 Lariat Crew Cab Harley 4WD | $178 | $252 | $342 | $20 | $102 | $894 | $75 |
| F-150 Lariat Crew Cab Platinum 4WD | $178 | $252 | $342 | $20 | $102 | $894 | $75 |
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Data rating is based on single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Illinois minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Price information does not factor in the specific area where the vehicle is garaged which can change coverage rates greatly.
Deciding which companies offer the cheapest insurance rates for a Ford F-150 will involve a tad more effort in order to find the lowest price. Each auto insurer has a proprietary formula to set premium rates, so let’s take a look at the most affordable insurance companies in Illinois.
It’s a good idea to be aware that Chicago, IL insurance rates are determined by lots of factors which can substantially decrease or increase the policy price. Improving your credit rating, filing a claim, or having an at-fault accident can trigger rate changes that may make certain companies cheaper than competitors.
Find Cheaper Car Insurance for your F-150
The Hartford quotes some of the best car insurance rates in Chicago at around $769 per year. Rockford Mutual, Erie, Titan, and Cincinnati Insurance are also some of the cheaper Chicago, IL insurance companies.
As shown above, if you are a policyholder with Titan and switched to The Hartford, you may realize a yearly price reduction of around $109. Drivers with Cincinnati Insurance could save as much as $155 a year, and USAA customers might realize rate reductions of up to $190 a year.
Remember that these policy rates are averaged across all types of insureds and vehicles and are not factoring in a vehicle location for a Ford F-150. So the car insurance company that can offer you the best rate may not even be in the list above. That underscores the importance of why you need to compare as many prices as possible using your own driver information and specific vehicle type.
Insurance rate increases from tickets or accidents
The common sense way to snag good insurance premiums in Chicago for a F-150 pickup is to be a good driver and avoid accidents and keep your driving record clean. The example below demonstrates how traffic citations and accidents increase insurance prices for each different age group. The premiums are based on a single male driver, full coverage, $100 deductibles, and no discounts are applied to the premium.
In the previous example, the average cost of a car insurance policy per year with a clean driving record and no accidents is $1,816. Add in one speeding ticket and the average cost jumps to $2,044, an increase of $228 each year. Then include one accident along with the one speeding ticket and the 12-month cost of insurance for a Ford F-150 jumps again to an average of $2,685. That’s an increase of $869, or $72 per month, just for not being a responsible driver!
Should you buy full coverage?
Saving money when shopping for insurance is the goal of the majority of drivers, and one easy way to pay less for insurance for a Ford F-150 is to buy liability only. The example below illustrates the difference between insurance premiums with and without full coverage. The prices are based on a clean driving record, no at-fault accidents, $1,000 deductibles, drivers are single, and no additional discounts are factored in.
If averaged for all ages, physical damage coverage on your policy costs an extra $1,321 per year over and above liability coverage. That is a large expense which might make you wonder if paying for full coverage is worth it. There is no definitive guideline of when to phase out comprehensive and collision coverage on your policy, but there is a general guideline. If the yearly cost for physical damage coverage is more than around 10% of the settlement you would receive from your company, then you might consider buying liability only.
For example, let’s say your vehicle’s book value is $7,500 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $6,500 after paying the physical damage deductible. If you are paying over $650 a year for full coverage, then you may need to consider dropping full coverage.
Tips to find the cheapest car insurance for a Ford F-150
Lowering your rates is not difficult, and here are a few thrifty ideas that can help Illinois drivers quote cheap auto insurance.
- Just one traffic violation will increase your rates
- Pay for small claims rather than turning them in to your insurance company
- On older vehicles, drop full coverage
- Accident-free drivers may qualify for discounts
- Increase physical damage deductibles
- Keep rates low by shopping around frequently
That last idea is extraordinarily vital, as was discussed in this piece. Car insurance rates go up and down frequently, so don’t be hesitant to switch companies if a more affordable price is available.
Being loyal to a particular company is commendable, but it’s not a good idea if that dedication is costing a lot of money every month. It only take a few minutes to shop around and find cheaper insurance for a Ford F-150 in Chicago.
If you have coverage questions and would like to have a little guidance when shopping for cheaper insurance for a F-150 pickup, the agents shown below can probably aid you in deciding which coverages are best. To locate an agency nearest to you, click the button at the bottom or click here to compare rates now.
Vivian Valtas – State Farm Insurance Agent
6108 S Archer Ave – Chicago, IL 60638 – (773) 582-3322
KSA Insurance Agency
7158 W Grand Ave – Chicago, IL 60707 – (773) 804-9000
W.A. George Insurance Agency
155 N Michigan Ave #300 – Chicago, IL 60601 – (312) 729-5265
Roni Siegel – State Farm Insurance Agent
860 N Clark St – Chicago, IL 60610 – (312) 751-0500
John Kim – State Farm Insurance Agent
5700 N Lincoln Ave #209 – Chicago, IL 60659 – (773) 561-1700