Are Ford cars expensive to insure in the Philippines? Let us find out

When considering purchasing a vehicle, the cost of insurance is a significant factor to weigh. In the Philippines, Ford is a popular brand known for its durable and reliable vehicles, which are favored by many for both personal and business use. However, the question that often arises is whether Ford cars are expensive to insure in the country.

In this blog, we will explore the insurance costs associated with Ford cars in the Philippines, looking into various models, their prices, features, and the factors that influence their insurance premiums.

But first, let us understand the basics of car insurance in the Philippines. So, let us get started -

Understanding car insurance

It is essential to understand for every car owner to understand how car insurance works in the Philippines. It is a pretty known fact that car insurance is mandatory for all vehicles in the county and before we dive into the specifics of Ford car insurance let us find out the two primary types of car insurance.

Compulsory Third-Party Liability Insurance

Commonly known as CTPL, this car insurance is the minimum and the most basic requirement for all vehicle owners in the country. In case of an accident, it covers bodily injury or death of third party. However, it does not cover damages to your vehicle or injuries to you as the driver.

Comprehensive Car Insurance

Compared to CTPL, comprehensive car insurance offers provide broader coverage including, protection against theft, vandalism, damages from accidents, and natural disasters. Furthermore, it also covers the vehicle owner's liability towards third parties.

Also Read: Compulsory Third-Party Liability Insurance (CTPL) vs. Comprehensive Insurance: What's best for you?

Factors affecting Ford cars insurance premiums

Like all the other vehicles in the market, Ford vehicles' insurance premiums are also affected by a similar set of factors:

Ford vehicle type & model: High-end or luxury Ford vehicles tend to have higher insurance premiums due to their higher market value and cost of repairs.

Age of the Ford vehicle: Ford's new cars generally have higher insurance premiums compared to older models.

Driver’s profile: The driver’s age, driving history, and claims history can impact the insurance premium.

Location: Where the Ford vehicle is primarily driven or parked can also affect the insurance premium due to varying risk levels in different areas.

Coverage level: The extent of coverage (e.g., with or without acts of nature, personal accident coverage, etc.) chosen for Ford influences the insurance cost.

Also Read: Top 10 tips for reducing your car insurance costs in the Philippines

Overview of Ford cars & its insurance in the Philippine

Ford Philippines offers a wide range of vehicles in the local market, from compact cars to SUVs and pickup trucks. Below are some of the popular Ford models available in the country along with their in-depth descriptions and estimated insurance costs.

Ford Ranger

Price: Starts at PHP 1,198,000

Estimated annual insurance cost: PHP 30,000 to PHP 50,000 (depending on the coverage)

The Ford Ranger is a robust and versatile pickup truck known for its excellent off-road capabilities, powerful engine options (including the 160hp/385Nm 2.2-litre TDCi diesel engine), and spacious interior. It is equipped with a durable chassis, making it ideal for both urban and rugged terrains. The Ranger features a high ground clearance, advanced 4x4 systems, and various driving modes tailored for different terrains.

Safety features: It includes multiple airbags, Anti-lock Braking System (ABS), Electronic Stability Control (ESC), Hill Start Assist, and a rearview camera. Some variants also offer a Lane-Keeping System and Adaptive Cruise Control.

Insurance highlights: Due to its higher market value and utility, the Ford Ranger may come with higher insurance premiums compared to smaller cars. Its durability and safety features, however, might offset some of the costs, depending on the insurer.

Ford Everest

Price: Starts at PHP 1,799,000

Estimated annual insurance cost: PHP 35,000 to PHP 60,000 (depending on the coverage)

The Ford Everest is a mid-sized SUV designed for both urban and off-road driving. It offers a luxurious interior, advanced safety features, and strong performance, making it a favorite among families and adventurers. The Everest provides ample seating for seven passengers and a large cargo space, making it ideal for long trips and family outings. It is powered by a 2.0-litre Bi-Turbo engine making a maximum power of 210 hp along with a peak torque of 500 hp.

Safety features: Everest is equipped with up to seven airbags, ABS with Electronic Brakeforce Distribution (EBD), ESC, Hill Descent Control, and Ford’s Terrain Management System. It also offers an advanced Driver Assist Technology package, including Adaptive Cruise Control, Lane Keeping Aid, and Autonomous Emergency Braking.

Insurance highlights: As an SUV, the Ford Everest might have higher insurance premiums. Its comprehensive safety features, including multiple airbags and advanced driver assistance systems, can be beneficial in reducing the cost of insurance.

Also Read: PH-spec Ford Ranger, Everest break new sales milestones

Ford EcoSport

Price: Starts at PHP 1,000,000

Estimated annual insurance cost: PHP 18,000 to PHP 30,000 (depending on the coverage)

The Ford EcoSport is a compact crossover known for its stylish design, fuel efficiency, and maneuverability in city driving. It's an affordable option for those looking for a practical and economical vehicle. The EcoSport features a smartly designed interior with a SYNC 3 infotainment system, making it user-friendly and tech-savvy. It is powered by a 1.5-litre Ti-VCT petrol mill making 123 hp and 150 Nm of torque.

Safety features: It comes with dual front airbags, ABS, ESC, and rear parking sensors. Higher variants may also include side and curtain airbags, Hill Launch Assist, and a rearview camera.

Insurance highlights: The Ford EcoSport, being a smaller and more affordable vehicle, generally has lower insurance premiums compared to larger SUVs and trucks. Its popularity and ease of maintenance can also contribute to more competitive insurance rates.

Ford Territory

Price: Starts at PHP 1,310,000

Estimated annual insurance cost: PHP 25,000 to PHP 40,000 (depending on the coverage)

The Ford Territory is a stylish and modern SUV offering a blend of comfort, technology, and practicality. It is equipped with advanced safety features and a spacious cabin, making it ideal for families. The Territory stands out with its sleek design, panoramic sunroof, and advanced infotainment system, making it a well-rounded choice for urban drivers.

Safety features: It includes six airbags, ABS with EBD, ESC, Traction Control System (TCS), and a 360-degree camera. The Territory also offers Autonomous Emergency Braking, Adaptive Cruise Control, and Blind Spot Information System (BLIS) in higher variants.

Insurance highlights: The Ford Territory's mid-range price and advanced safety features may result in moderate insurance premiums. Its popularity and availability of spare parts also help keep insurance costs manageable.

Also Read: Check out these 7 reasons that make the Ford Territory fit for the PH market

Ford Mustang

Price: Starts at PHP 3,048,000

Estimated annual insurance cost: PHP 60,000 to PHP 120,000 (depending on the coverage)

The Ford Mustang is an iconic sports car known for its powerful performance, aggressive styling, and rich heritage. It's a high-performance vehicle that attracts enthusiasts and those looking for a thrilling driving experience. The Mustang features a bold design, an advanced infotainment system, and a cockpit-inspired interior, making it a symbol of American muscle cars.

Safety features: It is equipped with multiple airbags, ABS, ESC, and a rearview camera. The Mustang also includes advanced features like adaptive cruise control, lane keep assistance, and pre-collision assistance with pedestrian detection.

Insurance highlights: As a sports car, the Ford Mustang is likely to have the highest insurance premiums among Ford models due to its high market value, cost of repairs, and risk profile associated with sports cars.

Ford Explorer

Price: Starts at PHP 3,098,000

Estimated annual insurance cost: PHP 50,000 to PHP 80,000 (depending on the coverage)

The Ford Explorer is a full-size SUV that combines power, comfort, and advanced technology. It’s designed for families and individuals needing a versatile vehicle for city driving and long-distance travel. The Explorer offers a spacious interior with three rows of seating, an advanced SYNC 3 infotainment system, and premium materials throughout the cabin. Powering it is a 2.3-litre EcoBoost engine making a max power of 300 hp and 420 Nm of torque.

Safety features: The Explorer is packed with safety features, including a full suite of airbags, ABS, ESC, Roll Stability Control (RSC), and Post-Collision Braking. Higher trims come with Ford Co-Pilot360™ technology, which includes features like Adaptive Cruise Control with Stop-and-Go, Lane Centering, Evasive Steering Assist, and Automatic Emergency Braking.

Insurance highlights: The Ford Explorer’s full-sized dimensions, powerful engine, and advanced safety technology make it more expensive to insure compared to smaller SUVs. However, its comprehensive safety features can help in securing lower premiums with certain insurers.

Ford Bronco

Price: Starts at PHP 2,998,000

Estimated annual insurance cost: PHP 45,000 to PHP 75,000 (depending on the coverage)

The Ford Bronco is a rugged and adventurous SUV built for off-road enthusiasts. It is powered by a 270hp/420Nm 2.3-litre EcoBoost mill. It features a retro-inspired design with modern touches, removable doors, and roof, and a highly capable 4x4 system. The Bronco is available in various configurations, allowing for extensive customization based on the owner's preference for outdoor activities and challenging terrains.

Safety features: It comes equipped with advanced off-road safety features such as Trail Control, Hill Descent Control, and a Terrain Management System with G.O.A.T. Modes (Goes Over Any Terrain). Standard safety includes airbags, ABS, ESC, and Roll Stability Control (RSC). Advanced trims offer a 360-degree camera, Adaptive Cruise Control, and Blind Spot Monitoring.

Insurance highlights: The Ford Bronco, with its off-road capabilities and high market value, tends to have higher insurance premiums. However, its durability and advanced safety features for off-road use might help offset some of these costs depending on the insurer.

Also Read: Ford to give Bronco Sport Sasquatch treatment

Are Ford cars expensive to insure?

Let us find out the model-wise answer to this question.

Ford Ecosport	As a compact crossover, the Ford EcoSport is generally more affordable to insure. Its smaller size, lower market value, and practical design contribute to lower insurance premiums.
Ford Ranger	With its higher market value and utility as a pickup truck, the Ranger tends to have higher insurance premiums compared to smaller vehicles.
Ford Everest	Being a mid-sized SUV, the Everest tends to have higher insurance costs. This is due to its value, size, and the potential costs associated with repairs and parts replacement.
Ford Territory	With its mid-range price and advanced safety features, Territory insurance cost usually falls in the moderate range.
Ford Mustang	As a high-performance sports car, the Mustang is the most expensive Ford model to insure.
Ford Explorer	Explorer, a full-sized SUV, is on the higher end of the insurance cost spectrum due to its size, powerful engine, and advanced technology.
Ford Bronco	With its off-road focus and adventurous design, the Bronco comes with moderate to high insurance premiums.

Bottom line

Ford cars, while popular and highly regarded in the Philippines, vary in insurance costs depending on the model. Generally, the insurance premiums for Ford vehicles align with the market value, size, and safety features of the car. Models like the Ford Ranger and Ford Everest tend to have higher insurance costs due to their size and utility, while the Ford EcoSport is more affordable to insure.

Also Read: Choosing the right car insurance policy in the Philippines