Being forced to pay for expensive auto insurance premiums can dry up your budget and make it hard to pay other bills. Performing a price comparison is a fast and free way to reduce premiums and put more money in your pocket.
Astonishing but true, almost 70% of insureds in Illinois have been with the same company for more than four years, and just under half have never quoted rates to find lower-cost coverage. With the average premium in America being $1,847, drivers can cut their rates by about $859 a year just by getting comparison quotes, but they underestimate how much savings they would realize if they changed companies. There are many insurers to buy insurance from, and although it’s a good thing to have a choice, more choices can make it harder to locate the cheapest rates for Ford F-150 insurance in Chicago.
Our objective in writing this article is to help you learn how insurance works and some tips to save money. If you have auto insurance now, you will surely be able to get lower rates using the techniques covered below. Shoppers just need to know the quickest way to compare price quotes from many different companies.
Auto insurance providers offering cheap price quotes in Illinois
The companies shown below are our best choices to provide free quotes in Chicago, IL. If multiple providers are shown, it’s highly recommended you visit two to three different companies to get the best price comparison.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| F-150 XL Regular Cab 2WD | $178 | $240 | $268 | $16 | $80 | $782 | $65 |
| F-150 STX Regular Cab 2WD | $94 | $172 | $294 | $18 | $88 | $666 | $56 |
| F-150 XL Super Cab 2WD | $122 | $232 | $294 | $18 | $88 | $754 | $63 |
| F-150 XLT Regular Cab 2WD | $140 | $260 | $316 | $18 | $94 | $828 | $69 |
| F-150 STX Super Cab 2WD | $168 | $344 | $294 | $18 | $88 | $912 | $76 |
| F-150 XL Crew Cab 2WD | $142 | $220 | $294 | $18 | $88 | $762 | $64 |
| F-150 XLT Super Cab 2WD | $128 | $192 | $250 | $14 | $76 | $660 | $55 |
| F-150 STX Regular Cab 4WD | $150 | $208 | $268 | $16 | $80 | $722 | $60 |
| F-150 XL Regular Cab 4WD | $174 | $274 | $294 | $18 | $88 | $848 | $71 |
| F-150 FX2 Super Cab 2WD | $182 | $278 | $352 | $20 | $106 | $938 | $78 |
| F-150 XLT Crew Cab 2WD | $160 | $220 | $266 | $16 | $80 | $742 | $62 |
| F-150 XL Super Cab 4WD | $128 | $192 | $250 | $14 | $76 | $660 | $55 |
| F-150 XLT Regular Cab 4WD | $126 | $186 | $246 | $14 | $74 | $646 | $54 |
| F-150 XL Crew Cab 4WD | $198 | $284 | $250 | $14 | $76 | $822 | $69 |
| F-150 STX Super Cab 4WD | $156 | $216 | $352 | $20 | $106 | $850 | $71 |
| F-150 XLT Super Cab 4WD | $120 | $180 | $294 | $18 | $88 | $700 | $58 |
| F-150 FX2 2WD | $182 | $316 | $316 | $18 | $94 | $926 | $77 |
| F-150 Lariat Super Cab 2WD | $136 | $242 | $340 | $20 | $102 | $840 | $70 |
| F-150 Lariat Crew Cab 2WD | $218 | $398 | $274 | $16 | $82 | $988 | $82 |
| F-150 FX4 Super Cab 4WD | $244 | $458 | $340 | $20 | $102 | $1,164 | $97 |
| F-150 XLT Crew Cab 4WD | $140 | $214 | $262 | $16 | $78 | $710 | $59 |
| F-150 FX4 4WD | $136 | $242 | $340 | $20 | $102 | $840 | $70 |
| F-150 Lariat Crew Cab 4WD | $282 | $500 | $352 | $20 | $106 | $1,260 | $105 |
| F-150 SVT Raptor Super Cab 4WD | $224 | $390 | $316 | $18 | $94 | $1,042 | $87 |
| F-150 Lariat Super Cab 4WD | $136 | $210 | $266 | $16 | $80 | $708 | $59 |
| F-150 Lariat Crew Cab Platinum 2WD | $224 | $460 | $316 | $18 | $94 | $1,112 | $93 |
| F-150 Lariat Crew Cab Harley 2WD | $218 | $452 | $340 | $20 | $102 | $1,132 | $94 |
| F-150 Lariat King Ranch 2WD | $128 | $232 | $268 | $16 | $80 | $724 | $60 |
| F-150 Lariat King Ranch 4WD | $200 | $316 | $266 | $16 | $80 | $878 | $73 |
| F-150 Lariat Crew Cab Harley 4WD | $220 | $406 | $250 | $14 | $76 | $966 | $81 |
| F-150 Lariat Crew Cab Platinum 4WD | $246 | $392 | $266 | $16 | $80 | $1,000 | $83 |
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Above prices assume married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Illinois minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Prices do not factor in vehicle location which can revise prices noticeably.
Analysis of deductible levels
The diagram below demonstrates how deductible levels and can impact Ford F-150 annual premium costs for each age group. The premium estimates are based on a single male driver, full coverage, and no other discounts are factored in.
Comparison of full coverage and liability-only policies
The chart below illustrates the difference between Ford F-150 annual premium costs when comparing full coverage to liability only. The information is based on no claims or driving citations, $100 deductibles, single male driver, and no other discounts are factored in.
Are you wasting money paying for full coverage?
There is no set rule to drop physical damage insurance, but there is a guideline you can use. If the annual cost of having full coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.
For example, let’s say your Ford F-150 replacement cost is $3,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $2,000 after paying your deductible. If it’s costing you more than $200 a year to have full coverage, then it might be time to consider dropping full coverage.
There are some circumstances where dropping physical damage coverage is not advised. If you still owe a portion of the original loan, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should not consider dropping full coverage.
Comparison of auto insurance rates by age and gender
The illustration below illustrates the difference between Ford F-150 car insurance costs for male and female drivers. The premiums assume a clean driving record, no claims, comprehensive and collision coverage, $250 deductibles, marital status is single, and no additional discounts are factored in.
Ford F-150 Insurance Costs Can Be Lower
One of the most helpful ways to save on insurance is to to have a grasp of a few of the rating criteria that come into play when calculating your policy premiums. When you understand what impacts premium levels, this helps enable you to make changes that could help you find lower premium levels. Lots of factors are part of the calculation when you quote your car insurance policy. Some are pretty understandable like an MVR report, but other criteria are less apparent such as whether you are married and annual miles driven.
- Add-on coverages that may not be needed – There are a lot of additional extra coverages that can add up if you don’t pay attention. Insurance for personal injury protection, accident forgiveness, and Farm Bureau memberships may be wasting your money. They may sound like good ideas when you first buy your policy, but if you don’t need them remove them and pocket the money.
- Pay more if you have a long commute – Residing in small towns and rural areas is a good thing when talking about insurance. Lower population means less chance of accidents and also fewer theft and vandalism claims. People in densely populated areas have to deal with more aggressive driving styles and higher rates of accident claims. Longer commute distances statistically corresponds to a higher accident and claim rate.
- Pleasure use or commuting – The higher the miles on your Ford each year the more you’ll pay to insure your vehicle. The majority of insurers calculate rates based upon how the vehicle is primarily used. Autos that do not get driven very much get more affordable rates as compared to vehicles used primarily for driving to work. Incorrect rating for your F-150 is throwing money out the window. Ask your agent if your policy properly reflects the correct usage for each vehicle, because it can save money.
- Type of vehicle determines base premiums – The performance level of the car you own makes a big difference in your rates. The lowest base rates tend to be for lower cost passenger cars, but other factors influence the final cost greatly. Due to the fact that the Ford F-150 is a pickup truck, insuring your vehicle will cost similar in price when compared to the average rates in Chicago.
- Safety first – Vehicles that have high safety ratings tend to be cheaper to insure. Vehicles engineered for safety protect occupants better and lower rates of occupant injuries means your insurance company pays less passed on to you as lower rates.
- Claims statistics for a Ford F-150 – Insurance companies factor in insurance loss information when they file their rates in each state. Models that the data determines to have higher prevalence or dollar amount of losses will cost more for coverage.
The table below outlines the insurance loss data for Ford F-150 vehicles. For each coverage type, the loss probability for all vehicles compiled together equals 100. Percentage numbers below 100 imply a favorable loss record, while values that are above 100 indicate a higher chance of having a claim or a tendency for claims to be larger.
Insurance Loss Ratings for Ford F-150 Vehicles
Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Ford F-150 SuperCab 4WD 67 110 39 Ford F-150 SuperCrew 2WD 42 93 72 Ford F-150 SuperCrew 4WD 75 76 101 56 57 76 Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Car insurance discounts help lower rates for Ford F-150 insurance in Chicago
Companies that sell car insurance don’t always publicize their entire list of discounts in an easy-to-find place, so we researched both well-publicized and also the more inconspicuous discounts that you may qualify for.
- Active Service Discounts – Having an actively deployed family member can result in better car insurance rates.
- New Car Discount – Buying coverage on a new vehicle may earn a small discount because new model year vehicles keep occupants safer.
- Membership in Organizations – Participating in a qualifying organization can get you a small discount on your next renewal.
- Early Switch Discount – A few car insurance companies offer discounts for renewing your policy prior to the expiration date on your current F-150 insurance policy. This can save 10% or more.
- College Student – Older children who live away from home to go to college and do not have access to a covered vehicle can be insured at a reduced rate.
- Passive Restraints – Factory air bags or automatic seat belts can qualify for discounts of 20% or more.
- Paperwork-free – Some of the larger companies will give a small break simply for signing on the internet.
- Driver’s Ed – Teen drivers should successfully complete driver’s ed class in school or through a local driver safety program.
Discounts lower rates, but many deductions do not apply to the entire policy premium. Most only apply to specific coverage prices like collision or personal injury protection. Despite the fact that it seems like having all the discounts means you get insurance for free, it’s just not the way it works.
To view companies with significant discounts in Chicago, click this link.
Insurance agents can help
Many drivers just want to get professional advice from a licensed agent and that is not a bad decision Good agents are highly skilled in risk management and help in the event of a claim. An additional benefit of getting online price quotes is the fact that drivers can get cheap auto insurance rates but still work with a licensed agent. And providing support for neighborhood agents is especially important in Chicago.
By using this form (opens in new window), your coverage information is transmitted to participating agents in Chicago that can give you free Chicago auto insurance quotes for your business. You won’t need to search for an agent because prices are sent immediately to your email address. If for some reason you want to get a price quote from a specific company, you would need to go to their quote page and submit a quote form there.
Picking an insurer needs to be determined by more than just the quoted price. Here are some questions you should ask.
- Does the agent have professional designations like CIC, CPCU or AIC?
- If you are a high risk driver, do they have special markets for your coverage?
- Will one accident increase rates?
- Are claim adjusters local or do you have to take your car somewhere else?
- Which companies can they place coverage with?
- Are they giving you every discount you deserve?
- Which companies do they recommend if they are an independent agency?
- Will high miles depreciate repair valuations?
Car insurance advertising gotchas
Illinois drivers can’t escape the ads that claim the lowest auto insurance rates from companies such as 21st Century, Allstate and State Farm. They all seem to have a common claim that you can save just by switching your policy.
How do they all offer you a better deal on Ford F-150 insurance in Chicago? Here is how they do it.
Insurance companies give the cheapest rates for the type of driver that will add to their bottom line. For example, a profitable customer may be between the ages of 40 and 55, owns a home, and does not commute to work. Any driver that matches those criteria receives the best auto insurance rates in Chicago and will probably save if they switch.
Consumers who do not fit this stringent profile may receive a higher premium and ends up with the customer not buying. Company advertisements say “people that switch” not “all people who quote” can save as much as they claim. That’s why insurance companies can advertise the savings.
That is why drivers should get Chicago auto insurance quotes from several different companies. You cannot predict which insurance companies will have better rates than you’re paying now.
Which policy gives me the best coverage?
Always remember that when buying your policy for your personal vehicles, there really is not a one-size-fits-all type of policy. You are unique and your policy should reflect that.
For instance, these questions may help highlight if your insurance needs will benefit from professional help.
- Will I lose any money if I cancel my policy before it expires?
- What is glass protection for?
- Does my insurance cover my expensive audio equipment?
- Is there coverage for my trailer?
- Is pet coverage available?
- Am I covered if I hit my neighbor’s mailbox?
- Which companies will insure high-risk drivers?
If you’re not sure about those questions but one or more may apply to you then you might want to talk to an agent. If you don’t have a local agent, fill out this quick form or click here for a list of auto insurance companies in your area. It’s fast, free and you can get the answers you need.
One last thing about your coverage
We’ve covered a lot of techniques to find affordable Ford F-150 insurance in Chicago. The most important thing to understand is the more times you quote, the better your chances of lowering your premium rates. You may even find the most savings is with a smaller regional carrier. These companies often have lower premium rates on specific markets compared to the large companies like Progressive and GEICO.
Discount Ford F-150 insurance in Chicago is possible online and from local agencies, so you need to quote Chicago auto insurance with both in order to have the best price selection to choose from. A few companies do not offer rates over the internet and these small, regional companies only sell coverage through independent insurance agencies.
Helpful articles
- Should I Purchase an Umbrella Liability Policy? (Insurance Information Institute)
- How Much are Chicago Car Insurance Rates for Unemployed Drivers? (FAQ)
- Who Has the Cheapest Auto Insurance for 4×4 Vehicles in Chicago? (FAQ)
- Vehicle Safety Ratings (iihs.org)
- Where can I buy Insurance? (Insurance Information Institute)
- Self-driving cars won’t replace humans (Insurance Institute for Highway Safety)
- Safety Features for Your New Car (State Farm)