F-150 Lightning Among Most Affordable EVs to Insure

F-150 Lightning Among Most Affordable EVs to Insure

Posted on November 12, 2024

The Ford F-150 Lightning stands out not only for its electric powertrain but also as one of the most affordable EVs to insure. According to Mercury Insurance, it's the second cheapest EV to insure after the Nissan Leaf, which is notable given that insuring EVs typically costs more than gas-powered vehicles. This affordability extends to its overall ownership costs, as the 2023 F-150 Lightning Pro is projected to be over $16,000 cheaper to operate than its gas-powered counterpart, making it an attractive choice for prospective EV buyers.

Additionally, the Ford F-150 Lightning has received recognition for its value, winning the 2024 Best Fleet Value in America Award from Vincentric. This award highlights its low ownership costs, which further emphasize the truck’s economic advantages. For those considering an EV, the Lightning's low insurance costs and overall affordability contribute to its appeal as a cost-effective and efficient vehicle choice.

As more consumers explore the EV market, understanding the total cost of ownership, including insurance, becomes crucial. The Ford F-150 Lightning's position as an affordable option in terms of insurance and operational costs makes it an excellent candidate for those looking to transition from traditional internal combustion engine vehicles to electric power.