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ZIP code 60601 is the heart of Chicago’s Loop. It’s already one of the pricier insurance territories in Illinois.
Add a financed 2022 Ford F-150. Then pull 2022 Ford F-150 insurance quotes from four carriers on a 32-year-old married male with a clean record and five years of continuous prior coverage.
The cheapest quote came back at $422.50 for six months. The most expensive: $856.00. That’s more than double, on identical coverage limits.
When a profile this clean still produces a $433 spread on 2022 Ford F-150 insurance, the story isn’t about the driver. It’s about how differently carriers price the same risk.
The Driver Profile
The following inputs were used across all four carriers:
- Age: 32, male, married
- Spouse: 25-year-old female
- City: Chicago, IL (ZIP 60601)
- Address: 619 W Wabash Ave, Chicago
- Driving record: Clean, no accidents, violations, or claims in any reporting period
- Prior carrier: Nationwide, with 25/50 bodily injury limits
- Prior coverage tenure: 5 years continuous
- Age first licensed: 16
The Vehicle
- Year, Make, Model, Trim: 2022 Ford F-150 XLT
- Ownership: Financed through Ford Motor Credit
- Estimated annual mileage: approximately 10,000 miles
The Coverage Package
To keep the comparison fair, the same target limits were entered at all four carriers:
- Bodily injury liability: $100,000 per person / $300,000 per accident
- Property damage liability: $100,000 per accident
- Uninsured motorist: $100,000 / $300,000
- Underinsured motorist: $100,000 / $300,000
- Comprehensive deductible: $500
- Collision deductible: $500
2022 Ford F-150 Insurance Rates in Chicago, Illinois
| CARRIER | 6-MONTH PREMIUM | MONTHLY | VS. LOWEST |
|---|---|---|---|
| GEICO | $422.50 | $70.42 | Baseline |
| Progressive | $519.00 | $86.50 | +$96.50 |
| Liberty Mutual | $557.00 | $92.83 | +$134.50 |
| Travelers | $856.00 | $142.67 | +$433.50 |
Source: InsuranceRateGuard.com quote data, April 2026. Quotes pulled directly from each carrier’s website using the profile above.
Carrier-by-Carrier Breakdown
GEICO priced this 2022 Ford F-150 insurance profile at $422.50 for six months, or about $70 per month. That’s competitive for a financed truck with full coverage in Cook County. GEICO has historically been aggressive on clean-record drivers with strong prior coverage histories, and five consecutive years with Nationwide likely put this profile into a preferred pricing tier. The DriveEasy telematics program was offered but wasn’t enrolled. The rate reflects no driving-behavior discount.
Progressive’s 2022 Ford F-150 insurance quote came in at $519.00 for six months, putting it $96.50 above GEICO. That’s roughly 23% higher, though both sit in a reasonable range for a financed truck in Chicago. Progressive tends to price trucks with high theft exposure in dense urban markets more conservatively than GEICO, which partly explains the gap. Snapshot telematics showed as “not enrolled” and wasn’t activated.
Liberty Mutual quoted $557.00 for six months, landing $38 above Progressive. The quote included employment and education discount questions. Both drivers were entered as employed with bachelor’s degrees, and that likely pulled the rate down from what it would have been otherwise. Liberty Mutual also tends to price UM/UIM coverage more aggressively in Illinois tort states, which affects the total. The RightTrack program appeared at checkout but wasn’t enrolled.
Travelers came in highest at $856.00 for 2022 Ford F-150 insurance in this market, more than double GEICO’s rate on identical coverage limits. Travelers has pulled back from competitive pricing on full-coverage truck policies in Cook County, likely reflecting recent claims data. If budget is the priority, Travelers is a hard choice when GEICO and Progressive both price the policy significantly lower.
Price is the most visible difference between these carriers, but it’s not the only one. Customer experience, claims handling, and policy servicing vary across all four. The carrier review guides above cover those differences in more detail.
What Creates a $433 Gap on the Same F-150 in Chicago
The most counterintuitive thing about this 2022 Ford F-150 insurance run: the truck’s popularity probably makes the spread wider, not smaller. Because it’s the best-selling vehicle in the country, carriers have more claims data on it than almost any other model. In a high-theft urban market, that dense actuarial history lets each carrier price very specifically based on their own experience with the truck. The result is bigger carrier-to-carrier differences, not a tighter cluster.
Chicago is rated in Cook County, one of the highest-cost auto insurance territories in Illinois. Population density, traffic volume, and higher rates of uninsured drivers all push premiums up compared to downstate markets. Urban drivers consistently pay more, and Cook County sits near the top of the state.
The F-150’s theft exposure adds another layer. The model has ranked among the most stolen vehicles in the country for years. Vehicle theft costs insurers billions annually, per the Insurance Information Institute, and carriers price that risk into comprehensive premiums. The $500 comprehensive deductible in this 2022 Ford F-150 insurance comparison helps keep that portion manageable, but the underlying theft risk in an urban market still factors into every carrier’s calculation. See how deductible choices affect your total bill in the deductibles and auto insurance guide.
Illinois is a traditional tort state. At-fault drivers can be sued for pain and suffering, and that liability exposure affects how carriers price bodily injury limits. The 100/300 limits used here represent solid protection for an Illinois driver. About one in eight U.S. drivers is uninsured, according to the Insurance Research Council, which is exactly why the UM and UIM coverage in this package matters. Going without it in a city the size of Chicago is a significant risk.
The financed ownership status closed off the option to drop physical damage coverage. Lenders require comp and collision when the vehicle is collateral on a loan. That requirement, combined with Cook County’s territorial rating, means even the cheapest quote here carries more cost than the same driver might pay for a paid-off vehicle in a suburban market.
Two factors helped this profile. The married rating factor: most carriers rate married drivers lower, reflecting actuarial data on reduced accident frequency. And five years of continuous prior coverage with no gap. A lapse, even a short one, tends to raise rates at almost every carrier.
For a broader look at how 2022 Ford F-150 insurance costs compare to other vehicle types, the car insurance rates by vehicle type guide breaks down premium differences between trucks, SUVs, sedans, and crossovers. You can also benchmark Chicago against the rest of the country in the full car insurance by state guide.
How to Save on Insurance
Get quotes from at least three carriers at every renewal. This 2022 Ford F-150 insurance run produced a $433 gap between the cheapest and most expensive carrier on identical coverage. That gap shifts every year as your age, record, vehicle value, and credit all change. A 20-minute quoting session at renewal is the single highest-return action most drivers can take.
Report your prior coverage accurately. Every carrier here asked about prior insurer, prior limits, and how long the policy was active. Five-plus years of continuous coverage at any limit is worth something. Underreporting it or letting a gap appear costs money.
Match your deductible to what you can actually afford after a claim. The $500 deductibles in this comparison land in the middle of what most carriers offer. Moving to $1,000 on both comp and collision often saves $60 to $120 per six months depending on the carrier and vehicle. If you bank that difference and never file a small claim, you come out ahead over time. The deductibles explainer covers how to think through that math.
Consider telematics if your driving habits support it. GEICO offered DriveEasy; Progressive had Snapshot. Both can cut your rate if your patterns are low-risk. Commuters with short daytime drives and smooth braking tend to see meaningful discounts. If you drive late nights or long distances frequently, results will vary.
Check your credit-based insurance score before renewal. Illinois lets carriers use credit history as a rating factor. A strong credit profile can produce noticeably lower premiums. The credit-based insurance score guide explains how insurers calculate this score and how it differs from a standard credit score.
Ask about multi-policy discounts. If you own a home, condo, or rental property, bundling with the same carrier can cut 5 to 10 percent off the auto premium. It doesn’t always pencil out, so compare the bundled auto rate against buying separately.
For related reading: compare rates for other popular trucks and SUVs in the car insurance rates by vehicle type guide, or see the full state-by-state rate breakdown to put Chicago in context.