With any major change in a car’s design, one often overlooked aspect is the vehicle’s insurance costs. Design changes come with inherent risks simply because they’re new and have limited real world feedback, so it’s not unusual for new-model cars with significant hardware changes to have higher insurance costs.
However, data has shown that insurance rates for the aluminum-based Ford F-150 have NOT increased compared to the previous year. From Automotive News:
For now, motorists’ yearly insurance premiums for the 2015 aluminum-bodied F-150 are about the same as for the 2014 steel model — good news for Ford.
But premiums could change once insurance companies study accident repair data for the redesigned pickup.
To set rates for 2015 models, insurance companies use the latest data they have — from 2014 model claims. It could take about a year or more to get repair and other data useful to set rates for the 2015 model, insurers say.
“The cost to insure the F-150 may go up, or it may go down,” said Progressive Corp. spokesman Jeff Sibel. “We won’t have