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.