Cost of Lightning Insurance

[Bigpoppa]

Would any of you who have already taken delivery of your Lightnings mind sharing the cost to insure your vehicles? I'm trying to understand if there is a significant increase or decrease in coverage costs versus an ICE truck.

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[hturnerfamily]

there's no way to compare your truck and your situation with others, everyone is in a different place and there are just too many different variables... I know, I'm an insurance agency owner.

check with your current company, that's the only way to know - then check with others to see if there's any major difference.

 

[GDN]

I've got State Farm - two vehicles, home and an umbrella policy. Carrying 500K/500K/500K with $500 deductibles. Paying $457 per 6 months. Lightning Lariat ER.

 

[Bigpoppa]

there's no way to compare your truck and your situation with others, everyone is in a different place and there are just too many different variables... I know, I'm an insurance agency owner.

check with your current company, that's the only way to know - then check with others to see if there's any major difference.

Thanks for the reply, and advice. I'm just using the forum to crowd source some valuable information about the typical costs. In light of all of the variables, and I realize there are many, this enables us to perhaps establish benchmarks or better yet, negotiate and or ask for better rates.

 

[bryan995]

I just got $286/6 months via costco connect. XLR SR. In CA

 

[broncoaz]

Mine quote from USAA is about $100 per year more than my 2021 Tacoma and $150 more per year than my 2021 Bronco.

 

[Bigpoppa]

I've got State Farm - two vehicles, home and an umbrella policy. Carrying 500K/500K/500K with $500 deductibles. Paying $457 per 6 months. Lightning Lariat ER.

Thanks for the reply. That sounds like a reasonable rate. Moreover, I have similar policies, and this will be helpful when engaging my agent. I'm also hearing that it is going to cost more to ensure an EV truck.

 

[cvalue13]

Mine was ~$80/year more expensive than my 2018 F150 Platinum, via StateFarm

 

[mr.Magoo]

Just grab a vin off of Autotrader or the forum and ask your provider.

I was pleasantly surprised to learn that my Lariat ER will be about $50 LESS / 6 months than my 2014 Jeep GC (just a boring limited V6, not a fancy overland hemi or SRT)

 

[Bigpoppa]

Just grab a vin off of Autotrader or the forum and ask your provider.

I was pleasantly surprised to learn that my Lariat ER will be about $50 LESS / 6 months than my 2014 Jeep GC (just a boring limited V6, not a fancy overland hemi or SRT)

Thanks for that counsel. I've actually done that before. It's very helpful to see the real rates that various individuals are paying.

 

[Griddlez]

160bux a month for a 2021 Mach-E XR-Prem. and the Lariat Lightning and a 22 travel trailer. Overall my payment when down 1 dollar (lol) a month when I traded in my 21 ICE Lariat for the Lightning.

 

[p52Ranch]

Mine is about 50% more than my 2014 F250 XL but I'm going from a $25K truck to a $59K truck that could easily be a $70 to $90K truck if it was totaled and ADM's were factored in for the insurance settlement.
Liability component went down a few dollars.
Comprehensive and Collision went up accounting for about 80% of my increase. My Agent and I added an OEM replacement rider given the uniqueness of the vehicle. That accounts for the other 20% of the increase.

 

[Capertrj]

Just did a check with USAA. 2010 F150 to lightning ER (with more annual miles now) bumped up about 40$ a month..

 

[RickLightning]

there's no way to compare your truck and your situation with others, everyone is in a different place and there are just too many different variables... I know, I'm an insurance agency owner.

check with your current company, that's the only way to know - then check with others to see if there's any major difference.

Correct

Thanks for the reply, and advice. I'm just using the forum to crowd source some valuable information about the typical costs. In light of all of the variables, and I realize there are many, this enables us to perhaps establish benchmarks or better yet, negotiate and or ask for better rates.

Impossible to establish any benchmarks, or relationships in this manner. Knock yourself out, but it's meaningless.

 

[metroshot]

My Lightning Lariat SR replacing my 2014 BMW dropped my rates $200 for the year.

Nice surprise!

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