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Here’s why Lansing is one of the best cities to buy a used Ford F-150 Series

The Ford – 150 is one of America’s favorite pickup trucks and has been the best-selling vehicle in the United States for 17 years and the best-selling pickup for 37 years. It comes with a variety of engine and transmission options, and along with its famed towing capabilities and above-average safety score, it is a popular car in the used car market.

Let us take Michigan as an example to compare the average cost of insurance for a used Ford F – 150. Going by the data in the below table, Detroit has not only the highest median price but also the highest insurance percentage at $27,295 and 14 % respectively, which makes the average annual cost $4,080 or about $340 a month, to insure a used Ford F-150 series.

City Make Model Year Range Insurance Average ($) Median Price ($) Insurance %
Grand Rapids Ford F-Series 2005 - 2012 1,556 25,995 5
Lansing Ford F-Series 2005 - 2012 1,582 23,500 6
Detroit Ford F-Series 2005 - 2012 4,080 27,295 14

On the other hand, just 75 miles away, in the city of Lansing, you can pick up a used Ford F-150 series at just $23,500, instantly saving about $3,795. It is also cheaper to insure the Ford F-150 Series in Lansing than in Detroit, with average insurance rates of just 6 %. For people from Lansing, the cost to insure the Ford F 150 series would come up to just $1,582 annually or just $131 a month!

City Make Model Year Range Insurance Average ($) Median Price ($) Insurance % Total cost for one year
Grand Rapids Ford F-Series 2005 - 2012 1,556 25,995 5 27,551
Lansing Ford F-Series 2005 - 2012 1,582 23,500 6 25,082
Detroit Ford F-Series 2005 - 2012 4,080 27,295 14 31,375

Buying a used Ford F-150 in Lansing makes sense even for those from Grand Rapids, as the median price is about $1,300 lower than in Grand Rapids. In fact, the insurance average is cheaper in Grand Rapids at just 5%. So, if you are from Grand Rapids, it makes more sense to drive down those 60 miles to pick up the Ford F-150 that you always wanted.

Ford F-150 vs. Chevrolet Silverado: which pickup has lower insurance costs in your state?

The Ford F-150 has now been ruling the American pickup truck market for over three decades. With a brawny appearance that suits it status as a full-size pickup truck, the Ford F-150 is considered the most popular in the Ford F-Series of American pickup trucks. Despite the fact that Ford Motor Company was sued recently for defective Ford F-150 EcoBoost engines, the F-150 continues to top auto review lists as one of the best full-size pickups.

In the American markets, the Chevrolet Silverado has proven to be the arch nemesis of the Ford F-150. There is a high demand for both these pickups in the resale market as well. Let us compare the cost of insuring these two cars to figure out which used pickup is a better option in your state.

The median price of the Chevrolet Silverado ranges between $ 16,319 (available for this price in Kentucky) and $ 33969 (available for this price in Rhode Island). The median price range of the Ford F-150, however, starts at $ 22990 (available for this price in Hawaii) and goes up to $ 32,878 (available for this price in Wyoming).

Once you factor in the cost of insurance, however, New Hampshire seems like a great state to own the Ford F-150. With a median price of $25,225 and an insurance average of $969, i.e., 3% of the price, New Hampshire has one of the best deals for the Ford F-150.

Considering both the median price ($19,998) and the insurance average ($964), Ohio is the best state to own a Chevy Silverado. It is one of the few states to have a median price below $20,000 and average annual insurance below $1,000. The percentage of the median price (i.e., the insurance percentage) that one would have to spend on insurance here is 4%.

States with the lowest insurance percentage for the Ford F-150 States with the lowest insurance percentage for the Chevy Silverado
States with 3% insurance cost – New Hampshire, Ohio, Idaho, Maine, Indiana States with 3% insurance cost – Maine, Indiana, Arizona, Iowa, North Carolina, Idaho, Vermont, New Hampshire, Utah, Virginia
Average Yearly Insurance Premium $1,350
Ford F-150 MSRP $40,830
Estimated Monthly Income to Afford a Ford F-150 Car including Insurance $750

Ford F-150 - Average Insurance Price by Segment

Male $1,580
Male Married $0
Female $1,270
Female Married $1,280

Ford F-150 Safety Features - 2013

Side airbags: front and rear head curtain airbags and front seat-mounted torso airbags Rollover sensor: designed to deploy the side curtain airbags in the event of an impending rollover Electronic stability control, includes roll stability control Antilock brakes Daytime running lights (optional on fleet vehicles only)

Expensive States for Insuring Ford F-150

RankStateAverage Insurance of Ford F-150MSRPEstimated Monthly Income to Afford a Ford F-150 including Insurance Cost
1 Louisiana $2,300 $42,900 $800
2 Michigan $2,200 $44,000 $820
3 Oklahoma $2,000 $37,300 $700
4 Montana $1,800 $40,400 $750
5 Georgia $1,800 $34,700 $650
6 California $1,700 $39,900 $740
7 West Virginia $1,600 $45,500 $830
8 Kentucky $1,600 $36,000 $670
9 Connecticut $1,600 $40,400 $740
10 Rhode Island $1,500 $40,000 $740

Cheap States for Insuring Ford F-150

RankStateAverage Insurance of Ford F-150MSRPEstimated Monthly Income to Afford a Ford F-150 including Insurance Cost
1 Iowa $900 $37,700 $680
2 Maine $900 $43,600 $790
3 North Carolina $900 $44,700 $810
4 Idaho $1,000 $48,800 $880
5 Indiana $1,000 $36,700 $670
6 New Hampshire $1,000 $42,300 $770
7 Ohio $1,000 $39,600 $720
8 Vermont $1,000 $40,400 $730
9 Colorado $1,100 $42,900 $780
10 Illinois $1,100 $42,800 $780

Ford F-150 - Remaining States under Study

RankStateAverage Insurance of Ford F-150MSRPEstimated Monthly Income to Afford of Ford F-150 including Insurance Cost
1 Washington $1,100 $46,300 $840
2 Arizona $1,200 $42,900 $780
3 Mississippi $1,200 $43,200 $790
4 Nevada $1,200 $41,400 $750
5 New York $1,200 $43,600 $790
6 Oregon $1,200 $41,500 $760
7 South Carolina $1,200 $39,300 $720
8 Utah $1,200 $45,500 $830
9 Virginia $1,200 $40,400 $740
10 Wisconsin $1,200 $37,800 $690
11 Florida $1,300 $37,000 $680
12 Kansas $1,300 $41,500 $760
13 Maryland $1,300 $38,400 $700
14 Minnesota $1,300 $35,700 $660
15 North Dakota $1,300 $37,100 $680
16 Nebraska $1,300 $40,400 $740
17 New Mexico $1,300 $40,400 $740
18 Tennessee $1,300 $39,900 $730
19 Wyoming $1,300 $34,700 $640
20 Alaska $1,400 $42,400 $780
21 Arkansas $1,400 $42,800 $780
22 Hawaii $1,400 $43,200 $790
23 Massachusetts $1,400 $41,000 $750
24 Pennsylvania $1,400 $40,000 $730
25 Texas $1,400 $38,800 $710
26 Alabama $1,500 $41,600 $760
27 Delaware $1,500 $40,400 $740
28 Missouri $1,500 $42,500 $780
29 New Jersey $1,500 $40,400 $740

Ford F-150 Models Comparison

Model Style Cylinders MSRP Average Premium of Ford F-150 models Est. Monthly Income to Afford a Ford F-150 including Insurance Cost
F-150 XLT 4WD SuperCab Turbo Std Bed 8 cyl. $40,800 $1,330 $750
F-150 XLT 4WD SuperCrew Turbo Std Bed 6 cyl. $40,800 $1,370 $750

Ford F-150 vs Pickup Truck Insurance Comparision