About Ford Car Insurance
Ford is one of the best-known brands for cars and trucks around the world. People love the quality, durability, and versatility of Ford vehicles. If you’re getting a Ford, you should know your options for Ford car insurance before you buy.
Before comparing car insurance rates with MyChoice for your Ford vehicle, we want you to review the information below to understand your coverage options and approximate pricing ballpark.
How Much Does it Cost to Insure Your Ford in Canada?
On average, it costs around $ 1,274 per year to insure your Ford in Canada. The price will vary depending on your Ford model, year make, region you’re living in and your driving history.
Here’s how much it would cost you on average to insure your Ford in the following cities in Canada:
| City | Average Annual Insurance Premium |
|---|---|
| Toronto, ON | $1,958 |
| London, ON | $1,514 |
| Mississauga, ON | $2,119 |
| Ottawa, ON | $1,317 |
| Sarnia, ON | $1,280 |
| Calgary, AB | $1,384 |
| Airdrie, AB | $1,331 |
| Montreal, QC | $732 |
| Moncton, NB | $831 |
How Ford Car Insurance Costs Compare to Similar Vehicle Brands
When selecting a vehicle, many potential buyers often weigh the insurance rates of different brands, including Ford, against each other. Insurance costs can significantly influence the decision-making process.
Based on internal customer quote data, our analysis shows that Ford’s insurance rates fall within a mid-range compared to other major brands. While Ford’s premiums are higher than Chevrolet’s and GMC’s, they remain more affordable than those of Toyota and Dodge. This positions Ford as a competitively priced option for drivers looking for a balance between cost and coverage. Here’s a brief comparison:
| Car Model | Average Annual Insurance Premium |
|---|---|
| Ford | $1,274 |
| Chevrolet | $1,210 |
| Toyota | $1,355 |
| Hyundai | $1,298 |
| Dodge | $1,327 |
| GMC | $1,157 |
Ford Car Insurance Rates Through The Years
Ford car insurance rates have fluctuated over the past five years, with a general upward trend despite some variations. After a peak in 2021, rates dropped in 2022 and 2023 before rising again in 2024. This pattern suggests that while premiums have experienced temporary declines, the overall cost of insuring a Ford has increased in recent years.
Ford Car Insurance Rates by Model & Year Make
When insuring your Ford, the model you choose significantly impacts the insurance rates. Our detailed analysis below provides a comprehensive view of the insurance costs for various Ford models from different years.
A Brief History of Ford
Many people learn about the Ford Motor Company in school because it became a pioneer for mass production in the early 1900s. It all began in Detroit, where Henry Ford first constructed an experimental car behind his house in 1896. He then formed the Ford company in 1903.
He expanded the company into Ontario in 1904, and in 1908, the invention of the Model T changed the world. This car model became popular for its mass-market appeal and practical use. At that point, cars became more than just luxury items.
Henry Ford opened a U.S. assembly plant and a production plant in England to keep up with demand. The first moving assembly line came in 1913. By the next year, over 500,000 Model T cars were in use worldwide.
Ford has had many line changes over the years, introducing and phasing out various models. In 2018, Ford began its focus on SUVs, pickup trucks, and crossovers.
Ford Insurance FAQs
Which Ford model is the cheapest to insure?
The 2024 Ford Transit 150 is the most affordable model to insure in Canada, with an annual insurance premium of $761.
What are the most popular Ford vehicles?
Ford’s F-series has remained at the top of the charts for 59 years as the best-selling pickup truck in Canada.
Another popular Ford vehicle includes the Ford Escape. The Escape continues to be one of the top sport utility vehicles in the country. Other famous Ford models include the EcoSport, Expedition, Mustang, Fusion, Flex, Transit Van, and E-series.
Are Ford vehicles safe to drive?
Ford is known for its style and durability. The overall safety rating depends on the model and year. Many Ford SUVs have safety awards from the Insurance Institute for Highway Safety (IIHS).
During testing, the IIHS gave the Escape a “Good” rating in six crash tests. The prevention systems for front crashes earned “Superior,” while the headlights got an “Acceptable” rating.