How Much Does Insurance Cost for a Ford F-150 in Colorado?

Since we’re writing about car insurance, the words cheap or affordable shouldn’t be used anywhere in the article as a descriptor for car insurance rates. Despite the oxymoron, cheap auto insurance for a Ford F-150 may be a thing of the past. But don’t despair, because we will show you how you can find coverage that is easier on your budget.

The odds of finding affordable car insurance for a Ford F-150 in Colorado hinges on a complicated rating formula that uses factors such as how you use your F-150, where you live, and deductible levels for physical damage coverage. Drivers pay on average $910 every 12 months to insure their F-150, but that is an approximation rating a 50-year-old married male that included full comprehensive and collision coverage and $500 physical damage deductibles.

Odds are that you may not be 50 years old (or even male), possibly single instead of married, or maybe you have a teen driver on your policy that needs to be considered. What seems to be a small difference in the factors used in pricing a policy can make a big difference in the cost of coverage for a Ford F-150.

Every car insurance policy is unique to the driver, so your best shot at finding the most affordable coverage for your Ford is to quote often and with as many companies as possible. It only takes a couple of minutes and you will be able to compare rates from some of the best insurers around.

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The trim level of your vehicle will be a contributing factor to the insurance rate, so the price to insure a F-150 XL Regular Cab 2WD will be $234 less than the price to insure the more well-appointed F-150 Lariat Crew Cab Platinum 4WD version, as shown in the chart below.

Table data represents married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Rate information does not factor in vehicle garaging location which can affect premiums noticeably.

Insuring your vehicle with a high-quality auto insurance provider is difficult considering how many different companies there are to choose from in Colorado. The ranking data in the lists below could help you choose which providers to look at when shopping around. These ratings are only comprised of companies who write in the majority of U.S. states, so companies that focus mainly on Colorado business are not included in these rankings.

Top 10 Major Auto Insurers in Colorado Ranked by Value

1. USAA
2. American Family
3. The Hartford
4. Titan Insurance
5. The General
6. AAA Insurance
7. State Farm
8. Nationwide
9. Safeco
10. Esurance

Top 10 Major Auto Insurers Overall in Colorado

1. USAA
2. American Family
3. State Farm
4. The Hartford
5. AAA Insurance
6. GEICO
7. The General
8. Titan Insurance
9. Progressive
10. Allstate

Top Companies for Ford F-150 Insurance in Colorado

The diagram below highlights how deductible selection can influence annual premium costs when trying to find cheap insurance for a Ford F-150. The premium estimates are based on a married female driver, full coverage, and no additional discounts are factored in.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 2437,2249,2027,1815],[‘Age 30’, 1709,1569,1407,1249],[‘Age 40’, 1683,1549,1393,1243],[‘Age 50’, 1483,1367,1231,1103],[‘Age 60’, 1413,1303,1173,1047],[‘Age 70’, 1509,1391,1261,1133]]);var options = {title: ‘Impact of Higher Deductibles on Ford F-150 Insurance Rates in Colorado’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Ford F-150’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

The chart above illustrates that a 40-year-old driver could save $252 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $380 by using a $1,000 deductible. Youthful drivers, such as the 20-year-old example, could possibly save $622 annually by using a higher deductible. When insureds make the decision to increase the deductibles on their policy, it is necessary to have enough spare savings to allow you to pay the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.

Your low-price policy may be costing you money

Colorado car insurance rates are impacted by many things that control the policy premium. Simply having another birthday, buying a different home, or having an at-fault accident can trigger price changes resulting in some companies being more affordable than the competition. Not only that, but car insurance companies change prices as often as every three months in order to protect their financial rating. Heavier than normal losses can result in rate hikes, while a lower level of claims can produce lower-priced F-150 insurance rates.

To illustrate this point, the data below shows rates for the cheapest car insurance in Colorado for a 35-year-old male driver with no prior accidents, a clean driving record, and good credit. If we look at prices based on his personal profile, The Hartford might offer the most affordable car insurance rates in Colorado at $850 annually. This is $728 less than the average price paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO are also on the list of the cheapest Colorado auto insurance companies.

google.charts.setOnLoadCallback(drawCOWitcqcibChart);function drawCOWitcqcibChart() {var data = google.visualization.arrayToDataTable([[‘Company’, ‘Rate’, { role: ‘style’ }],[‘The Hartford’, 850, ‘#09836F’],[‘Grange’, 949, ‘#076D5C’],[‘USAA’, 999, ‘#055A4C’],[‘Nationwide’, 1109, ‘#044B3F’],[‘GEICO’, 1141, ‘#033E34’]]);var options = {title: ‘Best Car Insurance Rates for a Ford F-150’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 300,’chartArea’: {left:0,top:50,’width’: ‘100%’, ‘height’: ‘70%’},bar: {groupWidth: “90%”},legend: {position: ‘none’},vAxis: {viewWindowMode:’explicit’,viewWindow:{max:1241,min:0}}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});var view = new google.visualization.DataView(data);view.setColumns([0, 1,{ calc: “stringify”,sourceColumn: 1,type: “string”,role: “annotation” },2]);formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.ColumnChart(document.getElementById(‘qcibwitc’));chart.draw(view, options);}

In the next rate comparison, we’ll give the driver from the first rate comparison a claim or two, a little lower credit rating, and a few traffic violations. Since each auto insurer has a unique approach to determine rates, comparing rates will most likely result in a slightly different list of the cheapest car insurance companies in Colorado as shown below.

google.charts.setOnLoadCallback(drawCOWcqcibChart);function drawCOWcqcibChart() {var data = google.visualization.arrayToDataTable([[‘Company’, ‘Rate’, { role: ‘style’ }],[‘Auto-Owners’, 1311.2, ‘#C76400’],[‘State Farm’, 1370.6, ‘#A55300’],[‘American Family’, 1388.2, ‘#894500’],[‘Progressive’, 1454.2, ‘#723900’],[‘Amica’, 1474, ‘#5F2F00’]]);var options = {title: ‘Car Insurance Rates with Claims and Violations’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 300,’chartArea’:{left:0,top:50,’width’: ‘100%’, ‘height’: ‘70%’},bar: {groupWidth: “90%”},legend: {position: ‘none’},vAxis: {viewWindowMode:’explicit’,viewWindow:{max:1574,min:0}}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});var view = new google.visualization.DataView(data);view.setColumns([0, 1,{ calc: “stringify”,sourceColumn: 1,type: “string”,role: “annotation” },2]);formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.ColumnChart(document.getElementById(‘qcibwc’));chart.draw(view, options);}

Auto-Owners now has the cheapest rate in Colorado with State Farm, American Family, Progressive, and Amica now rounding out the top five. This example proves why it is so important to compare many different companies when trying to get the cheapest auto insurance rates for a Ford F-150. Rates are influenced by many different factors and change dramatically, so the most economical option two years ago may now be one of the more expensive options.

How to find more affordable auto insurance for a Ford F-150

The list below details some money-saving solutions that can help you quote cheap auto insurance.

• Try to not file small claims
• Do not get into accidents that are your fault
• Violations like speeding or DUI increase rates
• Buy your auto and home insurance from the same company and save
• The safer your car, the less it costs to insure
• Shop around once a year for cheaper rates

The final tip is notably important, as we discussed in the prior article. Prices can be changed at any time, so you should be ready to buy from a different company if you find a better deal. Brand loyalty is great, but is isn’t recommended if that stubbornness costs you hundreds every year. If you have a few minutes, compare rates and find cheaper insurance for a Ford F-150.