Cost of Lightning Insurance

[Firestop]

My State Farm cost went up $12/mo. going from a 2016 Outback 3.6R………..

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[monsterlag]

$300 Cheaper than our Audi Etron that this replaced. XLT SR. My broker said he didn’t notice any difference between the Lightning and a regular F150 in terms of pricing but this could depend on the insurer.

 

[Pioneer74]

The wife and I currently have a 2021 Lariat F150 and a 2020 Edge Titanium. Citizens insurance.

I'm 48, wife is 43. Clean records. Only drivers in the household. We just renewed and our current insurance is approx $1350 a year. 250k/500k with 1k deductible.

I didn't ask them to break it down per vehicle, but I gave them my Lightning VIN and a VIN to an identical Mach-E like the wife ordered. I was told my insurance would go up approx $140 a year, about $12 a month.

 

[BeeLightning]

Yeah it was only a 20 bucks or so difference between my car and lightning. i'm with State Farm and I wouldn't be surprised if they are treating it like any other f-150.

 

[Yellow Buddy]

Since coverages vary, adding a comparison. Prices are for a 6 month period.

2022 F-150L Pro:
Policy Coverage ( $213.60) + Vehicle Coverage ( $100.90)

2016 Tesla MS:
Policy Coverage ( $252.70) + Vehicle Coverage ( $286.80)

Total for both cars on a yearly basis: $1708

Additional reference, that's $40 a year more than what I was paying with my 2009 Honda Ridgeline.

 

[TaxmanHog]

With 7 months left of my policy year, the increase was 205 total or $29/month.

Going from 2012 F250 PSD to the 2022 Lightning Lariat-ER, the majority of the cost increase was the comprehensive & theft/fire coverage based on the value of the newer truck, to be expected and not unreasonable. I made no changes to the full coverage factors.

 

[Bigpoppa]

Correct



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

I got you, and understand that insurance may be your core competence, which is the exact reason I like to arm myself with data points before engaging an agent. It’s very useful to me. Gotta love this forum!

 

[Bigpoppa]

$300 Cheaper than our Audi Etron that this replaced. XLT SR. My broker said he didn’t notice any difference between the Lightning and a regular F150 in terms of pricing but this could depend on the insurer.

That’s what I’m expecting to hear from my agent. Have you heard of any environmental insurance perks for going green?

 

[Bigpoppa]

With 7 months left of my policy year, the increase was 205 total or $29/month.

Going from 2012 F250 PSD to the 2022 Lightning Lariat-ER, the majority of the cost increase was the comprehensive & theft/fire coverage based on the value of the newer truck, to be expected and not unreasonable. I made no changes to the full coverage factors.

Thank you for this insight!

 

[JLee]

You should be able to quote with your insurance company and have them tell you.

I will be going from ~$932/year for my 2020 Model 3 LR (250/500k, $0 comprehensive deductible and...I forget, $500-1k collision deductible) to ~$752/yr for a Lariat ER. I have AllState with multi car / multi policy discount in northern NJ.

 

[vbaker4444]

I live in Michigan and the lightning is cheaper to insure than the 2021 Tacoma TRD sport I replaced. Around $149 a month for full coverage with two vehicles on my policy.

 

[Bigpoppa]

You should be able to quote with your insurance company and have them tell you.

I will be going from ~$932/year for my 2020 Model 3 LR (250/500k, $0 comprehensive deductible and...I forget, $500-1k collision deductible) to ~$752/yr for a Lariat ER. I have AllState with multi car / multi policy discount in northern NJ.

Thanks for the info - Those are great rates, and would be quite a feat to achieve in our great state of Texas.

 

[GDN]

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.

Since you are in Dallas it would be interesting to see what you end up paying. Ping me when you get that all set up. I do know many factors affect the cost as noted by @hturnerfamily . For my pricing it is garage kept, total miles per year is low compared to most, I use their Drive Safe and Save beacon, pretty good credit rating. Those are just a few factors that come into it.

A couple of things here - I had State Farm 20 years ago and they started going through the roof. Until last December they were never even close to what I could get insurance from other carriers. I finally moved back when they became reasonable again. However, my agent already told me they have an increase coming at the next renewal. I believe that is already included in my truck pricing as it was a new add on, but the other car will likely get a small bump in December.

 

[hturnerfamily]

as an agent, I don't blame folks for trying to 'gauge' how much their new vehicle's insurance might cost them, but it's also very unlikely anything anyone else gets will be anything close to what you get - we are all different, no matter whether it 'seems' like we should all be the same.

as a story that gives you some comparison - our small town has it's own utility for electricity. Sometimes customers stop by and complain that there bill is 'much higher' than their neighbors. We try to explain that even though your neighbor seems to have exactly the same home and electrical usage you do, they don't. Their home is very well insulated. Yours may not be. Their air conditioner is a high-efficiency type. Yours is 20 years old, and is not. Your neighbor has shade trees , you have none. Your neighbor keeps their doors and windows closed. Your front door is wide open.

 

[Theo1000]

I'm going from $76 pm on my 15 year old Tundra to $103 pm on the Platinum F-150. I like it. Cheaper than my Etron or my Mustang Mach-E! or even my 2016 I3.

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