Compare Canada’s cheapest Ford car insurance rates
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- Insuring your Ford vehicle in Canada
- How much is it to insure a Ford vehicle for a young driver?
- How much is it to insure a Ford for an experienced driver?
- Which Ford model is the cheapest to insure?
- How much can a traffic ticket or an accident raise your insurance?
- How to get cheaper car insurance for your Ford
- Should you buy or lease your Ford?
- Which Ford model is considered safest?
- Protecting your car with Ford Credit
Insuring your Ford vehicle in Canada
Founded in 1903, Ford is one of the oldest car brands in existence. It's also a pioneer in automotive technology – a legacy that continues to this day. Ford's SUVs and pickup trucks, especially Ford F-150, remain some of the most high-quality yet economical vehicles on the market. What've even more impressive is that Ford cars don't appear on Équité’s 2023 list of most top 10 stolen cars in Canada, meaning they are less likely to earn you a high premium due to theft risk.
So, does this mean that your insurance premiums will be low just because you drive a Ford? Not quite. Let's take a look at all the factors.
How much is it to insure a Ford vehicle for a young driver
If you’re a young driver with a Ford, you might have noticed your insurance premiums are higher than expected. This can feel frustrating, but it often comes down to how insurers analyze the risk both you and your vehicle pose.
Breaking it down, here’s why young Ford drivers typically face steeper costs:
Driver's risk level: Insurance companies classify young drivers as a higher risk, because they are statistically more likely to be involved in accidents (due to lack of experience). That's why a teenager with a brand-new driver’s license will often pay more than someone in their 30s, with a decade of claims-free experience.
Model-specific impacts: The type of Ford you drive also plays a role. Models like the Mustang or Focus ST are designed for performance, which can attract drivers who prefer higher speeds. Even if you drive responsibly, insurers factor in the vehicle’s potential to influence risky behavior.
Technology and repair expenses: Repairs for certain Ford models, especially those with advanced technology or higher horsepower, can be more expensive. This drives up the cost of claims, which insurers offset by charging higher premiums.
Theft risk: Popular vehicles like Fords can be appealing to car thieves (though Fords don't rank nearly as highly as Hondas, for instance). Insurers track theft rates and adjust premiums for cars that are more commonly targeted. If your Ford falls into this category, your premiums may rise, even if theft isn’t a concern where you live.
If you’re looking to reduce these costs, safe driving habits over time, selecting cars in lower insurance groups and looking into discounts can all make a big difference.
Age | Insurance cost range |
|---|---|
18 | $11,514 - $13,104 |
19 | $8,561 - $10,352 |
20 | $7,343 - $9,547 |
21 | $6,556 - $8,953 |
22 | $5,199 - $8,005 |
23 | $4,852 - $7,240 |
24 | $4,710 - $6,145 |
25 | $3,978 - $5,396 |
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How much is it to insure a Ford vehicle for an experienced driver
Even with years of driving under your belt, insurance rates for Ford vehicles depend on several key factors. While a clean record and safe driving habits help, other elements can still influence what you pay.
Age and experience: Insurance companies typically offer the best rates to drivers in their 30s, 40s and 50s. However, costs can start increasing for older drivers due to potential health concerns and slower reaction times.
Ford model: The type of Ford you drive plays a major role in your insurance premium. A Ford Focus or Escape is usually cheaper to insure thanks to reasonable repair costs and strong safety ratings. In contrast, large trucks like the F-150 or Expedition may also have higher insurance costs due to their size and repair expenses.
Driving record: A clean history of safe driving helps keep insurance costs low. However, if you’ve had a recent accident, speeding ticket, or other violation, your premium will increase
Mileage and usage: The more you drive, the higher your risk of an accident. If you use your Ford for daily commuting or long road trips, expect higher insurance costs. On the other hand, if you drive less frequently, you may qualify for a low-mileage discount.
Location and parking: Where you live affects your insurance rate. Drivers in high-traffic cities or areas with higher crime rates may see increased premiums. Parking in a garage or using anti-theft features can help reduce costs.
Safety features: Many newer Ford models, such as the Explorer and Bronco, come equipped with advanced safety technologies like automatic emergency braking and blind-spot monitoring. Vehicles with these features may qualify for discounts since they help prevent accidents.
While some costs are unavoidable, there are ways to save, so be sure to explore them all.
Age | Insurance Cost Range |
|---|---|
30 | $3,406 - $3,936 |
35 | $3,274 - $3,780 |
40 | $2,639 - $3,648 |
45 | $2,389 - $3,624 |
50 | $2,278 - $3,540 |
55 | $2,218 - $3,072 |
60 | $2,192 - $3,000 |
65 | $2,185 - $2,796 |
Methodology
The table above outlines the average cost of car insurance in Toronto for a female G-licensed policyholder driving a 2023 Ford F-150 King Ranch HEV SuperCrew. Using our rate calculator, we calculated average auto insurance premiums by age, assuming the driver has a clean driving record. All ranges and averages presented represent the three lowest quotes offered. The insurance policies used for comparison include $1,000,000 in coverage, along with a $1,000 deductible for both collision insurance and comprehensive insurance.
It’s important to note that these quoted rates are specific to this driver profile. You are more likely to find rates at the lower end of the provided range by comparing quotes from different providers and selecting the one that offers the best value for your needs.
Disclaimer
Auto insurance rates are influenced by a variety of factors, including (but not limited to) your postal code, driving history, the specific make and model of the vehicle, additional safety features, whether you attended driving school, and more. This means the premiums for individuals with different circumstances may vary significantly from the rates shown here. Always compare personalized quotes to ensure you're getting the best coverage at the best price.
Which Ford model is the cheapest to insure?
If you're looking for a budget-friendly SUV that won't break the bank, the Ford Escape is a fantastic option. On average, insuring this model costs between $2,661 and $2,708 per year, which is competitive compared to other compact SUVs.
But why is it so affordable?
Safety features: Ford Escape is loaded with many modern safety features, including automated emergency braking, lane-keeping assist and blind-spot monitoring, which should reduce the likelihood of accidents. For insurance companies, fewer accidents equal lower risk, which can translate into lower premiums.
Reliability: The Escape has a well-earned reputation for durability and reliability. Built to last, it handles heavy usage like family road trips and daily commutes with ease. Its dependability reduces the chance of mechanical issues or unexpected breakdowns, making it a lower-risk vehicle for insurance companies to cover.
Repair costs and demand for parts: Ford Escape benefits from widely available and reasonably priced parts. Its long-standing popularity means mechanics are familiar with its repairs, which can help keep costs in check. Lower repair expenses usually mean lower insurance premiums.
Performance and risk levels: The Escape offers solid performance with a focus on comfort and practicality rather than sporty or high-risk driving. It’s powerful enough for towing and hauling but designed for smooth highway cruising and city driving. This balanced, predictable performance profile helps keep insurance rates manageable.
Driver profile and intended use: Whether it’s for family vacations, weekend soccer games or grocery runs, the Escape is built for versatility. This compact SUV isn’t typically used for high-risk activities like off-roading or extreme towing, which further helps keep insurance costs in check.
Vehicle | Insurance cost range |
|---|---|
Ford Escape | $2,661 - $2,708 |
Ford Ranger | $2,889 - $3,081 |
Ford Edge | $2,762 - $3,087 |
Ford Mustang | $3,056 - $3,260 |
Ford F-150 King Ranch | $3,274 - $3,780 |
Ford Explorer | $3,329 - $3,694 |
Ford Expedition | $3,803 - $4,488 |
Ford Bronco | $4,428 - $4,728 |
Methodology
The table above presents insurance cost ranges for some of the most popular 2023 Ford models, calculated specifically for a Toronto-based, G-licensed, 35-year-old female driver. Using our rate calculator, we determined these costs by comparing the three cheapest quotes available for each model. This driver profile assumes a clean driving record and standard coverage, which includes $1,000,000 in liability coverage as well as a $1,000 deductible for both collision and comprehensive insurance.
By focusing on the most affordable quotes from various providers, the ranges provide a clear picture of what drivers with similar profiles can expect to pay. Selecting quotes from the lower end of the range can help you secure the best value for your insurance policy while still providing adequate coverage.
Disclaimer
Insurance premiums depend on many variables, such as your driving history, the vehicle's make and model, additional safety features, your postal code, and more. The rates shown here are specific to the outlined driver profile and may differ from costs for individuals with different circumstances or coverage needs. Always compare personalized quotes across providers to ensure you find the best rates and coverage tailored to your situation.
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How much can a traffic ticket or accident raise your insurance?
If you drive a Ford, whether it’s a rugged F-150 or a classic Mustang, traffic tickets and accidents can still hit your wallet hard when it comes to insurance. For example, a speeding ticket might signal risky driving to insurers, which could raise premiums even if it’s your first one.
Accidents, especially if you’re found at fault, can increase rates significantly, as insurance companies assume a higher likelihood of future claims.
Here are some of the possible changes you will see in insurance rates, based on major convictions and at-fault accidents:
Age | Major convictions | At-fault accidents | Insurance cost range |
|---|---|---|---|
30 | None | None | $3,406 - $3,936 |
None | 1 | $5,701 - $8,235 | |
1 | None | $6,306 - $7,020 | |
1 | 1 | $16,602 - $19,617 | |
35 | None | None | $3,274 - $3,780 |
None | 1 | $5,486 - $7,624 | |
1 | None | $5,926 - $6,732 | |
1 | 1 | $16,572 - $18,394 | |
40 | None | None | $2,639 - $3,648 |
None | 1 | $5,302 - $7,279 | |
1 | None | $4,363 - $6,480 | |
1 | 1 | $15,129 - $16,719 | |
45 | None | None | $2,389 - $3,624 |
None | 1 | $5,265 - $7,040 | |
1 | None | $3,876 - $6,420 | |
1 | 1 | $14,268 - $16,602 | |
50 | None | None | $2,278 - $3,540 |
None | 1 | $5,143 - $$7,010 | |
1 | None | $3,657 - $6,276 | |
1 | 1 | $13,800 - $16,602 | |
55 | None | None | $2,218 - $3,072 |
None | 1 | $4,472 - $7,120 | |
1 | None | $3,538 - $5,436 | |
1 | 1 | $13,329 - $16,602 | |
60 | None | None | $2,192 -$3,000 |
None | 1 | $4,369 - $6,925 | |
1 | None | $3,487 - $5,340 | |
1 | 1 | $12,930 - $16,602 | |
65 | None | None | $2,185 - $2,796 |
None | 1 | $4,127 - $4,584 | |
1 | None | $3,470 - $4,529 | |
1 | 1 | $12,705 - $13,303 |
Should you buy or lease you Ford?
Deciding whether to buy or lease your Ford is a big decision that depends on your financial situation, driving habits and long-term goals. Buying gives you full ownership and the freedom to customize your vehicle, while leasing often comes with lower monthly payments and the chance to drive a new model every few years.
Here's a list of advantages and disadvantages to help you make the right call regarding your potential Ford vehicle:
Leasing
Pros:
- Lower monthly payments: Leasing typically costs less per month than buying, which is helpful if you’re on a tight budget but still want a reliable vehicle. For instance, if you’re a recent graduate needing a car for work, leasing a Ford Escape might fit your budget better than buying.
- Access to newer models: Leasing allows you to drive a new car every few years, which is great if you enjoy having the latest features and technology. For example, if you love staying up-to-date with the newest safety features, leasing ensures you’re always driving a modern vehicle.
- Warranty coverage: Most leases last as long as the manufacturer’s warranty, so you won’t have to worry about unexpected repair costs during the lease term. This is especially useful if you’re leasing a Ford Explorer for three years and want peace of mind about maintenance.
- Flexibility: At the end of the lease, you can simply return the car, which is ideal if you’re unsure about your long-term vehicle needs. For instance, if you’re planning to move to a different city in a couple of years, leasing gives you the flexibility to avoid long-term commitments.
Cons:
- Mileage limits: Leases come with mileage restrictions, and exceeding them can result in costly penalties. For example, if you have a long daily commute or love road trips, leasing might not be the best option.
- No ownership: You don’t own the car at the end of the lease, so you’ll need to return it or pay to buy it. This could be frustrating if you’ve grown attached to the car and want to keep it.
- Customization restrictions: You can’t modify the car, which could be a dealbreaker if you want to add personal touches like a lift kit or custom rims. For instance, if you’re leasing a Ford Ranger and want to make it off-road ready, leasing won’t allow for those changes.
- Potential fees: You may face charges for wear and tear or early termination, such as if the interior gets damaged or you end the lease early. For example, if your kids spill juice in the backseat, you might be charged for the damage when returning the car.
Buying
Pros:
- Ownership: Once you’ve paid off the loan, the car is yours to keep, which can save you money in the long run if you plan to drive it for many years. For instance, if you buy a Ford Maverick and keep it for 10 years, you’ll avoid monthly payments after the loan is paid off.
- No mileage limits: You can drive as much as you want without worrying about penalties, making it a better option for road trips or long commutes. For example, if you frequently travel for work or love cross-country adventures, buying a Ford Expedition gives you the freedom to drive without restrictions.
- Customization freedom: You can modify the car however you like, whether it’s adding off-road tires or upgrading the sound system. For instance, if you want to add a custom paint job or a roof rack to your Ford Bronco, buying allows you to make those changes.
- Long-term savings: While the upfront costs are higher, buying is often cheaper than leasing over time, especially if you keep the car for a decade or more. For example, if you plan to drive your Ford Escape for 12 years, buying will save you money compared to leasing multiple vehicles over the same period.
Cons:
- Higher monthly payments: Loan payments are usually higher than lease payments, which can be a challenge if you’re on a tight budget. For instance, if you’re just starting out in your career, the higher payments for buying a Ford Explorer might strain your finances.
- Depreciation: The car’s value decreases over time, so if you plan to sell it later, you may not recoup much of your investment. For example, if you buy a Ford Mustang and sell it after five years, its resale value will likely be much lower than what you paid.
- Maintenance costs: Once the warranty expires, you’re responsible for all repair costs, which can add up as the car ages. For instance, if you own a Ford F-150 for seven years, you might face significant repair bills as it gets older.
- Long-term commitment: Selling or trading in the car can take time and effort if your needs change, such as needing a larger vehicle for a growing family. For example, if you buy a Ford Focus and later need an SUV, you’ll have to go through the process of selling or trading it in.
How to get cheaper car insurance premium for your Ford
Saving money on Ford insurance doesn’t have to be complicated. For example, you could combine your auto and home insurance under one provider, which often leads to discounts. Or, you might consider joining a telematics program that tracks your driving habits and rewards you for being safe on the road. Adding safety features to your Ford, like backup cameras or lane assist, is another smart way to reduce costs while keeping excellent coverage.
Here are some ways you can get cheaper car insurance
Bundling policies
Bundling your auto and home insurance—or combining other policies like tenant or condo insurance—can significantly reduce your premiums. Insurance companies appreciate customer loyalty and often reward it with discounts. Savings can reach up to 20% or more. By taking advantage of this, you not only simplify your insurance management but also save a chunk of change.
Multi-vehicle discount
If your household has more than one car, insuring them under the same policy can lead to big savings. This is because insurers offer discounts (up to 15%) for placing multiple vehicles together under one account. It’s an easy win for families or households with multiple drivers, as it combines coverage while cutting costs.
Loyalty discounts
Insurance companies love loyal customers, and they often show it by reducing premiums for those who stick with them year after year. The longer you stay, the more you save—it can range from 5% after one year to as much as 10% for a decade of loyalty. If you’re happy with your insurer and their service, this discount is an excellent perk.
Higher deductibles
Choosing a higher deductible (the amount you pay out of pocket in a claim) can reduce your annual premiums by 5-10%. While the trade-off means you’d pay more in case of an accident, it’s a smart option for drivers who are confident in their safe-driving habits and want lower upfront costs.
Paying annually
Paying your entire premium in one annual payment instead of monthly installments can save you money by avoiding administrative or installment fees. While it requires a larger payment upfront, it’s a simple way to cut down on overall costs.
Telematics programs
Telematics are devices which can be added to you car or through a mobile app, which monitor your driving habits, such as speed, braking and mileage, rewarding safe drivers with lower premiums. They offer benefits like fairer rates for low-mileage drivers, personalized discounts and improved driving awareness. To maximize savings, you should focus on consistent safe driving, reduce high-risk night trips and choose a telematics program that best fits your needs.
Winter tires
Installing winter tires is not only smart for safely navigating Canada’s icy roads, but it can also reduce your premiums by 2%-5%. Some provinces, like Ontario, even require insurers to offer this discount. If you regularly switch to winter tires, make sure your insurer knows about it.
Anti-theft devices
Vehicles with anti-theft systems, like alarms or tracking devices, are less likely to be stolen, and insurers recognize this by offering discounts up to 15%. If your car doesn’t come with built-in anti-theft features, consider installing an aftermarket system to take advantage of this savings opportunity.
Which Ford model is considered the safest?
If you're looking for a safe ride, the 2025 Ford Mustang Mach-E is a great choice. This midsize 4-door SUV has been named one of the safest vehicles by the Insurance Institute for Highway Safety (IIHS). The Mustang Mach-E performed very well in crash tests like small overlap front, moderate overlap front, and side impact. It also has useful safety features like blind spot detection and lane departure warning that help prevent accidents.
Category | Evaluation criteria | Rating |
|---|---|---|
Crashworthiness | Small overlap front | G |
Moderate overlap front: updated test | G | |
Side: updated test | G | |
Crash avoidance & mitigation | Headlights | G |
Front crash prevention: pedestrian (Standard system) | G | |
Seat belts & child restraints | LATCH ease of use | A |
Other available safety features
| ||
Source: The Insurance Institute for Highway Safety
Protecting your car with Ford Credit
To complement your car insurance, you can also enroll in Ford Credit, service Ford provides to further protect your vehicle. Here’s a quick breakdown of what Ford has to offer:
Ford Protect Extended Warranty Plans
With Ford Protect Extended Service Plans, you from unexpected repair bills once your new car warranty expires. The program covers major engine components, in addition to gaskets, seals and internal engine parts. There are four tiers: PremiumCARE, ExtraCARE, BaseCARE and PowertrainCARE. The tiers differ mostly by the number of components covered, but there are other unique perks as well.
Debt Waiver
Debt Waiver works similarly to gap insurance, in that it covers the difference between your insurance payoff and finance balance. It comes in handy when your insurance company can’t fully cover you in the event your Ford vehicle gets either stolen (and not recovered) or declared a total loss.
WearCare®
WearCare® offers protection against unexpected excess wear and tear and use charges for leased Ford vehicles. This includes damage like unexpected chips, dings and scratches caused by regular driving.
WearCare® Plus
WearCare® Plus allows you get repairs done on your Ford vehicle throughout its lease. The coverage waives certain repair and replacement expenses up to a maximum of $2,500 during the term of your lease and up to $5,000 at the end of your lease.