Here are some unique things to know about insuring Ford vehicles:
Ford trucks are popular targets for theft: Ford F-Series trucks, including the F-150 and Super Duty models, are among the most frequently stolen vehicles in the United States. This can result in higher insurance rates for these models, particularly in areas with higher rates of auto theft.
Ford vehicles are popular among young drivers: Ford models like the Mustang and Focus are popular among younger drivers, who may be considered higher risk by insurance companies. This can result in higher insurance rates for these models, particularly for younger drivers.
Ford offers high-performance vehicles: Ford has a number of high-performance models, like the Mustang Shelby GT500 and the Ford GT supercar. These vehicles may be more expensive to insure, as they have more powerful engines and are considered higher risk.
Ford has a reputation for offering strong warranties: Many Ford models come with a comprehensive warranty, which can help cover the cost of repairs and maintenance. This can help keep insurance costs down, as regular maintenance can prevent more expensive repairs down the line.
Ford has been a leader in developing advanced safety features: Ford has integrated many advanced safety features into their vehicles, like automatic emergency braking, adaptive cruise control, and lane departure warning. These features can help lower insurance rates, as they can help prevent accidents and reduce the risk of injuries.
Do Ford vehicles cost more to insure than other brands?
The cost of car insurance for Ford vehicles can vary depending on a number of factors, including the specific model and year of the Ford, the driver’s age and driving record, and the location where the car is registered. However, in general, Ford vehicles are not known for being particularly expensive to insure.
The average cost of Ford car insurance in Canada?
The cost of car insurance for a Ford in Canada can vary by province, as insurance rates are regulated by each provincial government and can be affected by a number of factors, including the frequency of car theft and the cost of claims in that province. Here is some general information on the average cost of car insurance for Ford vehicles in each Canadian province:
Alberta: $1,345 CAD per year
British Columbia: $1,812 CAD per year
Manitoba: $1,087 CAD per year
New Brunswick: $895 CAD per year
Newfoundland and Labrador: $1,133 CAD per year
Northwest Territories: $1,289 CAD per year
Nova Scotia: $853 CAD per year
Nunavut: $1,356 CAD per year
Ontario: $1,527 CAD per year
Prince Edward Island: $783 CAD per year
Quebec: $737 CAD per year
Saskatchewan: $1,224 CAD per year
Yukon: $1,128 CAD per year
The table below shows the Ford car insurance cost for a sample driver.
Average Ford Car Insurance Cost*
Ford Model Factors that Lower Auto Insurance Costs
There are several factors related to Ford models that can lower auto insurance costs. Here are some of the most common factors:
Safety ratings: Many Ford models have strong safety ratings from organizations like the Insurance Institute for Highway Safety (IIHS) and the National Highway Traffic Safety Administration (NHTSA). Cars with good safety ratings tend to be less expensive to insure, as they are less likely to be involved in accidents and cause expensive damage.
Anti-theft features: Ford vehicles are often equipped with advanced anti-theft features, such as engine immobilizers, alarms, and tracking devices. These features can help deter theft and reduce the risk of loss, which can help lower insurance premiums.
Driver assistance technologies: Many newer Ford models are equipped with driver assistance technologies, such as collision warning systems, blind spot monitoring, and adaptive cruise control. These technologies can help prevent accidents and reduce the severity of crashes, which can lower insurance costs.
Vehicle age and condition: Newer Ford models may be less expensive to insure, as they tend to have more advanced safety features and technology. Additionally, well-maintained older Ford models may be less expensive to insure, as they are less likely to experience mechanical problems or cause accidents.
Vehicle usage: The way a Ford vehicle is used can also affect insurance costs. For example, a Ford used primarily for commuting may be less expensive to insure than one used for business purposes or for long road trips.
Ford Model Factors that Increase Auto Insurance Costs
There are several factors related to Ford models that can increase auto insurance costs. Here are some of the most common factors:
High-performance engines: Ford models with high-performance engines, such as the Mustang GT, can be more expensive to insure due to the increased risk of accidents and higher repair costs.
Expensive repair costs: Some Ford models, especially newer or luxury models, may have more expensive parts or require specialized repairs, which can increase insurance costs.
High theft rates: Some Ford models, particularly trucks and SUVs, may have higher theft rates than other vehicles. This can increase insurance costs, particularly for comprehensive coverage.
Driver demographics: Insurance costs can also vary based on the driver’s age, gender, and driving history. For example, younger or less experienced drivers may be more expensive to insure than older, more experienced drivers.
Frequency of claims: If a particular Ford model has a high frequency of insurance claims, this can increase insurance costs for all drivers of that model.
Tips for Finding the Lowest Ford Car Insurance Rates
Here are some tips for finding the lowest car insurance rates for your Ford:
Compare insurance quotes: To find the lowest car insurance rates for your Ford, it’s important to shop around and get quotes from multiple insurance providers. Compare rates and coverage options to find the best insurance for your specific Ford model and personal circumstances.
Choose the right coverage: Consider your specific insurance needs and choose coverage options that make sense for your driving habits and budget. For example, if you have an older Ford model, you may be able to save money by opting for liability-only coverage.
Ask about discounts: Many insurance providers offer discounts for safe driving, good grades, multiple policies, and more. Ask your insurance provider about any available discounts for which you may be eligible.
Increase your deductible: Increasing your deductible can help lower your monthly insurance premium, although it may mean you have to pay more out-of-pocket if you’re involved in an accident.
Drive safely: Maintaining a good driving record can help keep your insurance rates low over time. Avoid accidents, traffic violations, and other driving infractions that can increase your insurance rates.
Choose a Ford model with lower insurance costs: Consider the insurance costs of different Ford models before making a purchase. Some Ford models may be more expensive to insure than others, depending on factors like safety ratings, theft rates, and repair costs.
Some interesting facts about Ford:
Ford was founded in 1903 by Henry Ford and a group of investors.
The Model T, introduced by Ford in 1908, revolutionized the automobile industry and made cars accessible to the middle class.
Ford is the second-largest automaker in the United States and the fifth-largest in the world.
The Ford F-Series truck has been the best-selling vehicle in the United States for over 40 years.
Ford introduced the first moving assembly line for mass production in 1913, which significantly reduced the time and cost of manufacturing automobiles.
Ford is the only automaker to have its own production system named after it: the Ford Production System.
The Ford Mustang, introduced in 1964, became an instant classic and helped establish the “pony car” class of vehicles.
Ford has been involved in various forms of motorsports, including NASCAR, rally racing, and endurance racing.
The Ford GT supercar, first introduced in 2005, was designed to celebrate the 100th anniversary of Ford and pay tribute to the iconic GT40 race car of the 1960s.
Ford has been a leader in the development of electric and hybrid vehicles, with models like the Ford Mustang Mach-E and the Ford Escape Hybrid.
All Ford Models
Here is a list of Ford models, past and present:
Ford Bronco Sport
Ford Super Duty
Ford Transit Connect
Ford Transit Passenger Wagon
Ford Transit Cargo Van
Ford E-Series Cutaway
What is the average maintenance cost of a Ford?
The average maintenance cost of a Ford in Canada can vary by province and depend on the specific model and year of the vehicle. Maintenance costs can include regular services like oil changes, tire rotations, and brake pad replacements, as well as unexpected repairs and replacement of parts.
According to a report by CarMD, the average cost of repairs and maintenance for Ford vehicles in Canada in 2020 was approximately $580 CAD. However, this cost can vary widely depending on the specific Ford model, year, and usage.
To give you a general idea of the average maintenance cost of a Ford in each Canadian province, based on data from CarMD, here are the average maintenance costs for Ford vehicles in 2020:
Alberta: $577 CAD
British Columbia: $592 CAD
Manitoba: $522 CAD
New Brunswick: $607 CAD
Newfoundland and Labrador: $633 CAD
Northwest Territories: $580 CAD
Nova Scotia: $578 CAD
Nunavut: $630 CAD
Ontario: $587 CAD
Prince Edward Island: $622 CAD
Quebec: $603 CAD
Saskatchewan: $558 CAD
Yukon: $583 CAD
Known Issues with Ford Vehicles
Like any car brand, Ford vehicles are not immune to problems and issues. Here are some of the most common issues that have been reported with Ford vehicles:
Transmission problems: Some Ford models, particularly those with automatic transmissions, have been known to experience issues with shifting, slipping, or failure to engage. This can be a costly problem to fix and may require a replacement transmission.
Electrical issues: Some Ford models have had reported issues with electrical systems, including faulty sensors, failing alternators, and problems with power locks and windows.
Engine problems: Some Ford models, such as the Ecoboost engine, have had reported problems with carbon buildup or faulty timing chains, which can cause performance issues or engine failure.
Suspension and steering problems: Some Ford models have had reported issues with suspension and steering components, including failing ball joints, power steering issues, and clunking or rattling noises.
Brake problems: Some Ford models have had reported issues with brakes, including premature brake wear, sticking calipers, and faulty brake boosters.
What is the safety rating of Ford?
The safety rating of Ford vehicles can vary by model and year. Safety ratings for vehicles are typically determined by organizations such as the Insurance Institute for Highway Safety (IIHS) and the National Highway Traffic Safety Administration (NHTSA).
The IIHS and NHTSA evaluate vehicles in a range of crash tests, including front, side, and rear crashes, as well as tests to evaluate roof strength and head restraints. Vehicles are rated on a scale ranging from Poor to Good, with Good being the highest rating.
Many Ford models have received high ratings for safety from the IIHS and NHTSA. For example, the 2021 Ford Explorer and the 2021 Ford F-150 have both received top ratings from the IIHS in a range of crash tests.
Do Fords get stolen a lot in Canada?
According to data from the Insurance Bureau of Canada, Ford vehicles have been among the most frequently stolen vehicles in Canada in recent years. However, it’s important to note that theft rates can vary widely by specific model, year, and location, and that newer Ford models may have more advanced anti-theft features to deter theft.
The Insurance Bureau of Canada does not currently provide a specific list of the top 10 most stolen Ford vehicles in Canada. However, according to the most recent data from the bureau, Ford F-Series trucks have consistently been among the most frequently stolen vehicles in Canada in recent years. For example, in 2020, the 2018 Ford F-150 was the only Ford model to make the top 10 list of most stolen vehicles in Canada.
Why are Ford F-150s stolen so much?
There are a few reasons why the Ford F-150, as well as other pickup trucks, may be more susceptible to theft than other types of vehicles:
High resale value: Pickup trucks, including the Ford F-150, often have a high resale value, which can make them a target for thieves who can sell the parts or the whole vehicle for a profit.
Versatility and popularity: Pickup trucks are versatile and popular vehicles that are used for a wide range of purposes, from commercial work to personal use. Their popularity and versatility may make them more attractive to thieves.
Limited security features: Compared to other types of vehicles, pickup trucks may have limited security features, particularly in older models. For example, some older Ford F-150 models may not have advanced anti-theft features like engine immobilizers or alarms.
High demand for parts: Pickup trucks, including the Ford F-150, are often used for commercial purposes and may experience more wear and tear than other vehicles. This can result in a higher demand for replacement parts, which can make them more attractive to thieves who can sell the parts for a profit.
List of Most Frequently Stolen Ford Vehicles in Canada
According to the Insurance Bureau of Canada (IBC), the following are the most frequently stolen Ford vehicles in Canada:
2007 Ford F350
2006 Ford F350
2005 Ford F350
2004 Ford F350
2003 Ford F350
2002 Ford F350
2018 Ford F150
2017 Ford F150
2019 Ford F150
2017 Ford F250
Pros and Cons of Ford Vehicles
Ford vehicles have their own unique advantages and disadvantages, like any car brand. Here are some of the pros and cons of Ford vehicles:
Variety of models: Ford offers a wide range of models, from cars and SUVs to trucks and vans, giving consumers a variety of options to choose from.
Reliable and durable: Many Ford models are known for their reliability and durability, and can last for many years with proper maintenance.
Advanced technology: Ford has integrated many advanced features into their vehicles, such as infotainment systems, advanced safety features, and driver-assist technology.
Fuel efficiency: Many Ford models have been designed to be fuel efficient, which can save owners money at the gas pump over time.
High cost of repairs: Some Ford models may require expensive repairs or parts, which can be a financial burden for owners.
High insurance costs: Depending on the specific Ford model, insurance costs may be higher than other car brands.
Interior quality: Some Ford models may have lower-quality materials and finishes in the interior, which may be less appealing to some consumers.
Transmission problems: Some Ford models, particularly those with automatic transmissions, have had issues with shifting, slipping, or failure to engage, which can be a costly problem to fix.
High theft rates: Some Ford models, particularly trucks and SUVs, may have higher theft rates than other vehicles.
Valerie is an insurance editor, journalist, and business professional at RateLab. She has more than 15 years of experience in personal financial products. She strives to educate readers and ensure that they are properly protected.