We looked at quotes for the XL Super Cab model up to the more expensive Lariat Crew Cab 4WD trim to see how the Ranger's insurance rates compare to those of all midsize trucks in 2023. Depending on the trim level, the average annual insurance cost for a Ford Ranger is between $1,444 and $1,656.
The average annual cost of insurance for a Ford Ranger is $1581, and monthly payments range from $165 to $198, depending on the insured's trim level.
| Insurance company | Average Annual Rate |
|---|---|
| Assurance America | $2922 |
| Dairyland | $2682 |
| Clearcover | $2022 |
| Progressive | $2130 |
| Allstate | $1791 |
| National General | $1889 |
| Kemper | $1770 |
| State Auto | $1506 |
| Travelers | $1581 |
| Aspire Advantage | $1389 |
The table below shows the average insurance rates for a Ford Ranger from 2019 to 2023, based on the driver's age.
| Model Year and Vehicle | Driver Age 20 | Driver Age 40 | Driver Age 60 |
|---|---|---|---|
| 2023 Ford Ranger | $3120 | $1587 | $1422 |
| 2022 Ford Ranger | $2910 | $1491 | $1329 |
| 2021 Ford Ranger | $2880 | $1461 | $1299 |
| 2020 Ford Ranger | $2841 | $1440 | $1293 |
| 2019 Ford Ranger | $2610 | $1320 | $1191 |
In the midsize truck class for 2023, the Ford Ranger is ranked fourth out of 10 vehicles. Full coverage insurance for the Ranger costs an average of $1581 per year, while the average cost for the category is $1689 per year, a difference of $108 per year.
When comparing the insurance rates of the Ford Ranger to the most popular midsize trucks, the Toyota Tacoma, the Chevrolet Colorado, the Nissan Frontier, and the Jeep Gladiator, the Ranger costs $48 less per year than the Tacoma, $96 more than Colorado, $44 more than the Frontier, and $268 less than the Gladiator.
Another way to compare rates is to see how the average car insurance quote for a Ford Ranger compares to the MSRP, or purchase price, of midsize pickups with the same MSRP.
A new 2023 Ford Ranger costs between $27,400 and $40,945, with an average MSRP of $34,244.
For the 2023 model year, the Nissan Frontier, Toyota Tacoma, Hyundai Santa Cruz, and Chevrolet Colorado are the models with the most similar average MSRP to the Ford Ranger.
The below list shows how these four pickups' MSRP and average insurance rates compare to the 2023 Ford Ranger.
Liability/medical coverage costs about $568 a year for an individual policy. In comparison, comprehensive coverage costs about $376, and collision coverage costs about $622.
The following table shows how the average cost of insurance for a 2023 Ford Ranger changes based on the driver's age and the policy deductibles chosen.
As an example of how much car insurance rates can change, keep in mind that liability-only Ranger insurance in North Carolina or Illinois can cost as little as $204 a year in the cheaper areas.
For the same Ranger, a teenager with at-fault accidents and traffic tickets in some cities in Michigan could pay as much as $18,018 a year for a full coverage policy.
The XL Super Cab is the least expensive Ford Ranger to insure, at about $1470 per year. The next cheapest trim to insure is the XL Crew Cab, which costs $1509 per year, and the XL Super Cab 4WD, which also costs $1539 per year, is the third cheapest trim to insure.
For higher trim levels, the Ford Ranger Lariat Crew Cab, the Lariat Super Cab 4WD, and the Lariat Crew Cab 4WD are the three most expensive trim levels to insure at an estimated $1689 per year.
When options are added to most car models, the MSRP increases, and the insurance policy cost usually goes up. The table below shows the average rates for an annual and 6-month policy and a monthly budget for each trim level of the 2023 Ford Ranger.
| Ford Ranger Trim Level | Annual Policy |
|---|---|
| XL Super Cab | $1470 |
| XL Crew Cab | $1509 |
| XL Super Cab 4WD | $1539 |
| XLT Super Cab | $1539 |
| XL Crew Cab 4WD | $1569 |
| XLT Crew Cab | $1578 |
| XLT Super Cab 4WD | $1599 |
| Lariat Super Cab | $1602 |
| XLT Crew Cab 4WD | $1620 |
| Lariat Crew Cab | $1629 |
| Lariat Super Cab 4WD | $1653 |
| Lariat Crew Cab 4WD | $1689 |
The Tremor Off-Road package can be added to XLT and Lariat Ranger models for $4,290. It could make car insurance more expensive. Most drivers' rates would go up by at most 5% per year, depending on how each car insurance company values the Tremor package.
With the average insurance cost for the XLT and Lariat SuperCrew models being around $1600 per year, the extra cost of insurance for the Tremor package would be about $80 per year. Again, that would be the most extra premium you could pay.
Ranger Tremor has an extra 0.8 inches of ground clearance, 2.2 degrees of approach angle, and 2.7 degrees of break-over angle. Not to mention that the 32-inch A/TX tires, steel front bash plate, and underbody skid plates give the Ranger an even "tougher" look.
Costs to insure a Ford Ranger can range from $999 a year in Raleigh, North Carolina, to $1125 a year in Charlotte, North Carolina, to $2463 a year in Philadelphia, Pennsylvania, and $2457 a year in Los Angeles, California.
In other places, the average cost of insurance for a Ford Ranger is $1938 per year in Long Beach, CA, $1779 in San Jose, CA, $1419 in Omaha, NE, and $1620 in Houston, TX.
When looking at Ford Ranger insurance rates from a wider perspective, states like Virginia ($1059) and Maine ($969) have lower rates, while states like Nevada ($1893), Michigan ($2163), and Louisiana ($1881) have higher rates.
Most states are close to the middle, with average Ford Ranger insurance rates of $1449, $1689, and $1359 per year in Arizona, Colorado, and Minnesota, respectively.
A Ford Ranger will cost about $1581 per year to insure. This is $522 more than the average for popular pickup models across the country.
Auto insurance rates vary greatly depending on the person's age, state, insurance company, and how much they drive. These rates are also affected by recent accidents, traffic tickets, and credit history. The following chart shows how some of these situations affect the cost of car insurance for a Ford Ranger.
Our information can help you decide where to start looking for smart auto insurance, but comparing individual quotes on Way.com will give you a more accurate idea. You can compare premiums instead of getting quotes from different insurers' websites. The easiest way to find the best deal is to use this quick, free, and easy method.
It's best to do a lot of research to find reputable insurance companies from which you can get competitive quotes. But we can help you by giving you a list of local insurance companies that can give you cheap rates based on things you can change. Start by going to our page with insurance quotes.
The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.
Quotes are typically based on a full coverage policy average unless otherwise noted within the content.
These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com
Way.com’s Insurance Broker Quote Data
Even though the Ford Ranger is not very big, it is a real powerhouse. No matter which of the three trims you choose, the truck can pull up to 7,500 pounds. A 2.3L EcoBoost engine with 310 lb.-ft. of torque makes the Ford Ranger great.
A new 2023 Ford Ranger costs between $27,400 and $40,945, with an average MSRP of $34,244.
The average annual cost of insurance for a Ford Ranger is $1581, and monthly payments range from $165 to $198, depending on the insured's trim level.
A Ford Ranger will cost about $1581 per year to insure. This is $522 more than the average for popular pickup models across the country.
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