Ford Bronco Car Insurance: Average Rates, Cheapest Companies, and How to Save

Ford Bronco owners can expect to pay an average of $109 per month for liability car insurance and $196 for full coverage — slightly more than the average SUV but comparable to its off-road rival, the Jeep Wrangler. The Bronco’s 2020 reintroduction means most models on the road are newer, which drives up insurance costs due to higher values and more expensive repairs.

National General and Safeco offer the most competitive rates, both averaging $109 per month for Bronco drivers, according to our research. This article will explore the best car insurance companies for Ford Broncos and provide an overview of average rates for different driver types, models, and locations.

Key Takeaways:

• On average, Ford Broncos cost $157 per month to insure — slightly more than the $135 per month average for all vehicles.
• National General and Safeco offer the cheapest Bronco insurance, at $109 per month.
• Newer models, like the 2024 Bronco, have higher premiums averaging $181 per month vs. $150 per month for 2021 models.

In This Article:

• Average Bronco Car Insurance Costs
• Cheapest Bronco Car Insurance Companies
• Best Insurance Companies for a Ford Bronco
• Bronco Insurance Rates by Model Year
• Bronco Insurance Rates by Age and Driving Record
• Factors that Affect Bronco Insurance Costs
• How to Get Cheap Car Insurance for Broncos
• Frequently Asked Questions

How Much Does It Cost to Insure a Ford Bronco?

The type of policy you choose for your Ford Bronco affects how cheap your car insurance is. Liability-only policies cover damages you cause to others, while full coverage also protects your vehicle.

Here’s how Ford Bronco insurance premiums compare to the national average, according to Compare.com data.

Overall, we found that Ford Bronco owners pay $109 per month for liability-only coverage and $196 for full coverage. Comparing car insurance rates shows that costs can vary significantly according to your age, location, driving history, and other factors.

The Cheapest Car Insurance Companies for Ford Broncos

While the average cost to insure a Ford Bronco hovers around $157 per month, plenty of car insurance comparison sites give you options to bring that number down. Shopping around and comparing car insurance quotes are the best ways to uncover savings that put more money back in your pocket.

With that in mind, let’s take a look at which companies offer the most competitive rates for Broncos, according to our data.

At $109 per month, National General and Safeco tie for the cheapest average rates for Bronco drivers, according to our research. That said, these companies might not offer the lowest prices for everyone. Factors like your age, location, and driving history influence your cost. That’s why it’s crucial to compare quotes from several insurers when shopping for coverage.

The Best Ford Bronco Insurance Companies of 2024

No single “best” insurance company fits every Ford Bronco owner, but some insurers stand out for specific groups. We selected the following three insurance companies based on their average rates for Broncos, available discounts, customer ratings, and coverage options.

Here’s a look at the top picks for different driver demographics and coverage needs.

Best for commuters: Progressive

• Average premium: $121 per month
• Compare.com Rating: 4.7 out of 5

Pros:

• Snapshot program rewards safe driving
• Name Your Price tool helps find coverage within your budget
• Plenty of discounts available for commuters

Cons:

• Hit-or-miss customer service
• Snapshot usage-based program may raise rates
• Higher rates than other insurance companies

Progressive is a top choice for commuters, thanks to its Snapshot telematics program that rewards safe drivers with significant savings on Bronco car insurance. Plus, you’ll get small and large accident forgiveness to keep your rates low. The deductible savings bank is another perk, reducing your comprehensive or collision deductible by $50 each policy period without accidents or violations.

Best for Gen X: National General

• Average premium: $109 per month
• Compare.com Rating: 4.3 out of 5

Pros:

• One of the cheapest options for Bronco owners
• Flexible payment plans to fit your lifestyle
• Robust web-based tools for policy management

Cons:

• Limited coverage options
• Below-average customer satisfaction ratings
• Lifetime repair guarantee not available in all states

National General caters to Gen X Ford Bronco owners looking to save money, offering the cheapest average rates for Bronco drivers in their 50s and 60s. The company offers savings for bundling auto and home insurance and has a great telematics program for bigger discounts. While the company has limited coverage options, its focus on affordability and flexibility makes it a solid choice if you’re juggling multiple insurance needs.

Best for maximum coverage: Safeco

• Average premium: $109 per month
• Compare.com Rating: 4.6 out of 5

Pros:

• Wide range of available coverage options
• Great telematics program
• Accident forgiveness and diminishing deductible available

Cons:

• Below-average customer satisfaction ratings
• Lack of clear discount details
• Can’t get a quote online

Safeco offers strong protection for Ford Bronco owners. The company’s new vehicle replacement coverage ensures you get a new car if you damage yours beyond repair. And with many customization options, you can get exactly what you need. You can save money for being a good driver with their telematics program, RightTrack, and even get paid for being claims-free.

Ford Bronco Insurance Rates by Model Year

The age of your Ford Bronco plays a big role in how much you pay for insurance. Generally, newer cars cost more to insure because they have a higher value. The higher price tag means the insurance company will likely pay more to fix or replace it.

Let’s look at how insurance costs change for different Bronco model years, according to our research.

Even though Bronco models are just a few years old, newer years come with higher average insurance costs — a 2024 Bronco costs $181 per month to insure, much more than a 2021 model.

Next, we’ll examine how Bronco insurance costs change from state to state.

Ford Bronco Insurance Rates by State

Your location can have a substantial influence on how much you pay for auto insurance. Factors like local traffic patterns, weather conditions, and even state insurance laws can drive your rates up or down. For instance, states with lots of accidents or high repair costs usually mean higher premiums.

Check out the table below to see how insurance costs for Bronco owners stack up in different states, according to Compare.com data.

Our research found that Connecticut tops the list with the highest average premiums for Ford Bronco owners, while Wisconsin has the cheapest prices.

Next, we’ll dive into how your age can affect your Bronco insurance rates.

Ford Bronco Insurance Rates by Age

Car insurance companies use age to gauge how risky you are to insure, making it a critical rating factor for premiums. Teens typically pay more because they’re new to driving and have a markedly higher risk for car accidents, according to Youth.gov.

Behaviors commonly seen in younger drivers increase their chances of being in an accident. The Centers for Disease Control and Prevention (CDC) reports that drivers under the age of 20 are more likely to engage in risky behaviors like texting or emailing while driving, not wearing seat belts, and driving after drinking alcohol. All that means much higher rates.

But fortunately, you can expect your premiums to drop over time as you age and gain experience as a driver.

Here’s a breakdown of how Ford Bronco insurance rates shift as drivers get older, according to Compare.com data.

Teen drivers face the steepest auto insurance costs, paying an average of $266 per month. But prices drop considerably in your 20s and 30s and continue to drop from there.

Ford Bronco Insurance Rates by Driving Record

Your driving history can tip the scales on what you can expect to pay to insure your Ford Bronco. After all, auto insurance companies use your past behavior to predict future risks.

A clean driving record shows you’re less likely to get into crashes or file claims. Tickets, accidents, and DUIs signal higher risk, prompting insurers to charge more to offset potential payouts.

We’ve broken down how insurance premiums can fluctuate for drivers with different driving records in the table below.

Speeding and at-fault accidents can take a toll on your wallet, but a DUI can send your insurance rates soaring. But even with a less-than-perfect record, you can still find savings.

For instance, National General offers competitive premiums well below the average costs for drivers with an at-fault accident.

Ford Bronco Features and Options That Affect Insurance Rates

Owning a Ford Bronco is all about embracing adventure and enjoying unforgettable journeys. But the Bronco’s unique features can be a determining factor in how much you pay overall for auto insurance.

Here are some Bronco-specific details that could affect your rates:

• Off-road capability: Broncos come with G.O.A.T. modes (Goes Over Any Type of Terrain), which means you might take it to off-road trails, where the risk of accidents or damage is higher.
• Removable doors and roof: These features enhance the fun factor but might make your Bronco more vulnerable to theft or weather damage.
• Advanced 4×4 systems: Standard and advanced 4×4 systems can improve handling, possibly lowering insurance costs.
• High-strength steel frame: This feature can provide better crash protection, which could decrease your insurance costs.

How to Get Cheaper Car Insurance for Your Ford Bronco

To help you save some cash on your Bronco insurance, here are five tips to help you lower your premiums.

• Install security devices: The Ford Bronco’s SecuriLock system and alarm offer protection, but adding dash cameras may save you money by proving fault in accidents, potentially preventing rate hikes after a crash.
• Take a defensive driving course: Many insurers offer discounts for safety driving courses. This shows you’re serious about handling your Bronco safely in all conditions.
• Go for a higher deductible on comprehensive coverage: If you’re not taking your Bronco off-road often, you might save by increasing your deductible for non-collision damage. Just make sure you can afford the extra out-of-pocket expense if you have to file a claim.
• Bundle your policies: Consider combining your home or renters policy with your Bronco insurance to get a multi-policy discount.
• Shop around and compare quotes often: Insurance rates change and vary widely between companies. Compare quotes at least once a year to make sure you’re getting the best deal.

Ford Bronco Auto Insurance FAQs

Here are answers to some common questions about insuring a Ford Bronco to help you understand what to expect when shopping for insurance.

Are Ford Broncos expensive to insure?

Ford Broncos are slightly more expensive to insure than the average car, but premiums are in line with similar vehicles like the Jeep Wrangler. The average Bronco costs around $157 per month to insure, according to Compare.com data. The off-road capabilities and higher values contribute to higher premiums, but rates depend on your driving record and location.

How much does it cost to insure a 2024 Ford Bronco?

On average, Bronco owners pay $157 per month (or $1,884 annually) for car insurance. But your actual rates may be higher or lower depending on your personal factors and coverage choices.

How much is car insurance for a Ford Bronco vs. a Bronco Sport?

Car insurance for a Ford Bronco is typically more expensive than for a Bronco Sport. The Bronco’s engine has more horsepower and torque, increasing premiums. And Bronco Sports cost less, which generally means cheaper rates. Additionally, the Bronco Sport has more safety features, like a lane-keeping system and a blind spot warning, which reduce insurance costs further.

Is a Ford Bronco or a Jeep Wrangler more expensive to insure?

Ford Broncos and Jeep Wranglers have similar insurance costs. But the Bronco might be slightly more expensive to insure due to its newer design and potentially higher repair costs. That said, the difference is usually small, and your personal factors will have a bigger effect on rates.

Data Methodology:

Data scientists at Compare.com analyzed more than 50 million real-time auto insurance quotes from more than 75 partner insurers in order to compile the rates and statistics seen in this article. Compare.com’s auto insurance data includes coverage analysis and details on drivers’ vehicles, driving records, insurance histories, and demographic information.

All the rates listed in this article have been collected from a combination of real Compare.com quotes and external insurance rate data gathered in collaboration with Quadrant Information Services. Compare.com uses these observations to provide readers with insights into how auto insurance companies determine their premiums.

Sources:

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6. Ford, “Where You’re Going, You Don’t Need Doors,” accessed August 16, 2024.
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