5/27/2024 0 Comments New ford lightning 2021 price![]() With all other factors staying constant, car insurance rates drop as driver age increases up to about age 65, at which point rates begin to increase. The chart below shows how average Ford F-150 car insurance rates vary based on the age of the driver and the policy deductibles. Lower-cost work truck trim levels like the XL Regular Cab model tend to have the cheapest insurance rates, while tricked-out high-end trims like the Platinum and King Ranch models are more expensive to insure. When compared to the average insurance policy cost for the entire 2024 large truck segment, insurance rates for an F-150 are around $20 more expensive each year.Īverage Ford F-150 insurance cost per month ranges from $149 to $206, depending on the trim level of the truck being insured. Whether you’re a new driver or a seasoned road warrior, understanding the relationship between your age and how much you’ll pay for F-150 insurance is essential to making informed decisions and securing the right coverage for your needs.įirst let’s go over the overall average cost to insure a new F-150, then we’ll break rates down even further by showing how both driver age and policy deductibles can be major price factors.Ģ024 Ford F-150 insurance costs on average $2,124 per year, or about $177 if paid each month. In this section, we’ll explore how your age can significantly impact the cost of insurance. Compared to 2024 model year all-vehicle average rate ($2,034): 4.3% more expensiveĭriver profile: 40-year-old male, clean driving record, full coverage with $500 physical damage deductibles Your age and F-150 insurance: What’s driving the costs?Īge is a key determinant when it comes to auto insurance rates, and owning a Ford F-150 is no exception.Other expensive models to insure: Lightning Platinum, Lightning Lariat Extended Range, Lightning Flash Extended Range. ![]() Most expensive model to insure: Lightning Platinum Black Special Edition at $2,470 per year.Other affordable models to insure: XL Regular Cab, XL Super Cab, XL Regular Cab 4WD.Cheapest model to insure: XL Super Cab 4WD at $1,784 per year.Average insurance cost for 2024 model: $2,124 per year or $177 per month.If you tow and haul a bunch, the Lightning probably isn’t your first choice. None of those people who came here thought they’d buy an electric vehicle.”įor families that have a traditional gas-powered vehicle in the garage already, trying an EV as the second driver is much easier, he said. I sold six (Mustang) Mach-Es on Black Friday. “If we’re going to sell EVs at the scale and scope we’re going to, it means we’re going to sell a lot of EVs to people who got up out of bed in the morning to come to the store and weren’t thinking they would buy an electric vehicle. Plantinum luxury has every option Ford offers.Įarly EV adopters went with Tesla in the beginning, Hovik said. ![]() … We generally have three pricing tiers and there’s a little flexibility based on equipment.”At the lower end, XLT doesn’t have leather seats. “The pricing strategy mirrors our traditional strategy. But I think it makes sense if you look at the price walks between the different models,” he said. “As a dealer, we never do jumping jacks when prices go up. Still, 90% of the Ford EV portfolio still qualifies for federal tax credits and that’s the most important thing, said Hovik, whose San Tan Ford dealership in the Phoenix suburb of Gilbert, Arizona, is the nation’s top Ford EV seller outside of California. “We’d all like the pricing actions to go down but, unfortunately, that doesn’t seem to be the way the world works.” “No dealer is going to get excited, but at same time it’s not like we’ve never seen pricing actions,” he said. Tim Hovik, former chairman of Ford’s National Dealer Council and current chair of the Ford Model e subcommittee for dealers, told the Free Press on Wednesday that price adjustments on new vehicles are a fact of life that has little to do with electrification. Interest in hybrid trucks is seeing an upswing even as EV sales grow steadily, Ford has said. The automaker, which just touted F-Series dominance in truck sales for 2023, has touted a strategy that includes offering hybrid, gasoline-powered and electric vehicles.
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