The Jury’s Still Out on the 2015 Ford F-150’s Insurance Costs

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When Ford announced it was going to make its 2015 F-150’s body out of aluminum, several things became clear. For instance, the fact that the Blue Oval was serious about reducing its workhorse’s weight.

The announcement also signaled Ford’s commitment to increasing the fuel efficiency of its competitor in a traditionally thirsty segment. However, one matter remains clouded in mystery: whether or not the completely redesigned light-duty pickup will cost more to insure than its 2014 predecessor.

There was some concern early on that coverage prices would go up because repairs would be more costly. Dealerships with service shops that volunteer to take part in a Collision Repair Program that shows employees how to reverse damage to the new F-150’s aluminum skin will face tool upgrade costs that can run as high as $50,000. (More than 1,500 sales locations have already participated.) Fortunately, the Blue Oval will provide rebates of up to $10,000 so its dealers can purchase repair equipment.

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Two Metro Detroit agencies quoted rates online for two very different drivers of the 2015 F-150 XLT that were $27-$54 higher over a 6-month period than they would’ve been had a similar 2014 truck been selected. (Keep in mind that the amount you’d pay would depend on a number of factors, including your age, location, and driving record.) Also, a recent study found costs for aluminum luxury vehicles, such as the Audi A8, were 9-20 percent greater than those for steel-bodied offerings, such as the BMW 7 Series.

On the plus side, Ford is using modular designs that should ease body part replacement and drive down labor costs. As a greater number of new F-150s come in for repairs and more collision shops become better-trained and -equipped for aluminum bodies, repair prices should decrease.

We’ll just have to wait to see how everything turns out, though. Russ Rader, spokesman for the Highway Loss Data Institute affiliate of the Insurance Institute for Highway Safety, said, “We’ll need to have enough of them [2015 F-150s] on the road getting into enough crashes to gather data on repair costs.”

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via [The Detroit News]

Derek Shiekhi contributes to a variety of Internet Brands’ Auto sites, including J-K Forum , Jaguar Forums, and 5 Series. He's also a member of the Texas Auto Writers Association.

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