Ford F-150 Car Insurance Index

Ford F-150 Car Insurance Index

How much does it actually cost to insure your vehicle? The true cost varies widely across U.S. cities, and a major reason is that car insurance costs differ from city to city. For example, it costs nearly eight times more to insure a car in Detroit than it does in Boise.

To make car insurance costs more understandable, we created the Ford F-150 Car Insurance Index, illustrating the insurance burden using America’s top-selling vehicle. The index proxies the affordability of car ownership by calculating the cost of insurance for an F-150 as a percentage of the median income in each city.

When we crunched the numbers, we found some surprising facts about F-150s in America:

  • Six of the 10 most affordable places to own an F-150 were in California. This is due to a combination of high median incomes and low average car insurance rates. Interestingly, California is one of the states where the F-150 is not the best-selling vehicle.
  • Kansas City, Mo., where the F-150 is assembled, is the 24th least affordable place to own an F-150. On average, it costs $1,165.09  to insure an F-150 in Kansas City, nearly twice the amount it costs to insure the truck in Durham, N.C.
  • The average annual car insurance premium for an F-150 is $1,003.98.

The 30 Most Affordable Places to Own a Ford F-150 

Ranking City Average Median Income % of Median Income
1 Fremont, CA $754.38 $100,574 0.7501%
2 Arlington, VA $810.60 $100,474 0.8068%
3 Irvine, CA $783.96 $96,278 0.8143%
4 Huntington Beach, CA $751.75 $80,020 0.9395%
5 San Jose, CA $783.24 $80,090 0.9779%
6 Gilbert, AZ $810.13 $79,916 1.0137%
7 Santa Clarita, CA $818.81 $78,894 1.0379%
8 Scottsdale, AZ $788.69 $72,102 1.0939%
9 Rancho Cucamonga, CA $815.75 $74,118 1.1006%
10 Boise, ID $534.74 $47,446 1.1270%
11 Chandler, AZ $796.60 $70,122 1.1360%
12 San Diego, CA $751.90 $62,395 1.2051%
13 Plano, TX $983.02 $81,475 1.2065%
14 Chula Vista, CA $760.08 $62,421 1.2177%
15 Oceanside, CA $754.44 $59,640 1.2650%
16 Chesapeake, VA $838.15 $65,562 1.2784%
17 San Francisco, CA $938.82 $73,012 1.2858%
18 Oxnard, CA $760.44 $57,351 1.3259%
19 Overland Park, KS $952.54 $70,289 1.3552%
20 Santa Rosa, CA $783.63 $57,653 1.3592%
21 Raleigh, NC $733.67 $53,653 1.3674%
22 Virginia Beach, VA $856.71 $61,626 1.3902%
23 Anchorage, AK $1,014.39 $72,575 1.3977%
24 Durham, NC $693.21 $49,332 1.4052%
25 Seattle, WA $909.19 $64,473 1.4102%
26 Fontana, CA $867.83 $61,085 1.4207%
27 Charlotte, NC $736.25 $50,950 1.4450%
28 Garden Grove, CA $818.68 $55,481 1.4756%
29 Bakersfield, CA $802.28 $53,693 1.4942%
30 Anaheim, CA $836.11 $55,464 1.5075%

The 30 Least Affordable Places to Own a Ford F-150

Ranking City Average Median Income % of Median Income
1 Detroit, MI $4,199.43 $23,600 17.7942%
2 Hialeah, FL $1,706.18 $28,878 5.9082%
3 Newark, NJ $1,830 $31,293 5.8480%
4 New Orleans, LA $1,962.91 $34,361 5.7126%
5 Providence, RI $1,887.14 $33,989 5.5522%
6 Miami, FL $1,530.55 $28,301 5.4081%
7 Grand Rapids, MI $2,014.92 $38,643 5.2142%
8 Baton Rouge, LA $1,587 $38,806 4.0896%
9 Brownsville, TX $1,138.75 $29,619 3.8447%
10 St. Louis, MO $1,207.13 $31,997 3.7726%
11 Philadelphia, PA $1,320.88 $35,386 3.7328%
12 Louisville, KY $1,590.68 $43,035 3.6962%
13 Shreveport, LA $1,397 $40,065 3.4868%
14 Milwaukee, WI $1,122.84 $34,042 3.2984%
15 Tulsa, OK $1,318.32 $40,440 3.2599%
16 Springfield, MO $997.55 $32,156 3.1022%
17 Baltimore, MD $1,216.97 $39,241 3.1013%
18 Cleveland, OH $750 $24,257 3.0919%
19 Tampa, FL $1,251.02 $40,894 3.0592%
20 Memphis, TN $983.68 $33,563 2.9308%
21 Augusta, GA $1,063.56 $36,919 2.8808%
22 Buffalo, NY $875.07 $30,422 2.8764%
23 Laredo, TX $1,057.63 $36,970 2.8608%
24 Kansas City, MO $1,165.09 $41,877 2.7822%
25 Oklahoma City, OK $1,196.96 $43,352 2.7610%
26 Lexington, KY $1,269.91 $46,248 2.7459%
27 Knoxville, TN $871.25 $32,191 2.7065%
28 Las Vegas, NV $1,276.65 $47,415 2.6925%
29 Wichita, KS $1,156.11 $43,776 2.6410%
30 Birmingham, AL $807.49 $30,701 2.6302%


The Ford F-150 in America

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Methodology

To determine the average insurance premium on a Ford F-150, NerdWallet retrieved quotes for four different driver profiles in the 150 most populous U.S. cities: 27-year-old single men and women, and 40-year-old married men and women. For each driver profile, we chose each city’s two cheapest car insurance quotes to mimic consumer behavior and to determine our overall average. All quotes assumed the city’s minimum insurance requirements. Median income data came from the U.S. Census Bureau.


Image: Joe Ross / Flickr source

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