Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Jul 23, 2020

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Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Key Takeaways:

  • Full coverage costs around $1,666 a year or $139 each month
  • A liability-only policy costs around $668 a year or $56 each month
  • Highest rates are for teenage drivers at around $6,089 a year or $507 each month
  • Good drivers can save as much as $687 a year by earning policy discounts
  • Ford Mustang insurance costs around $147 more per year than the average vehicle

Ford Mustang car insurance rates cost an average of $1,666 per year, or $139 each month. A few determining factors that make up median Ford Mustang insurance rates include the model year of the car and its safety ratings.

We’ve compiled this helpful article to give you a full understanding of Ford Mustang rates so you can learn a few money-saving tips when you begin comparing quotes.

You can start comparing quotes for Ford Mustang car insurance rates from some of the best car insurance companies by using our free online tool now.

Table of Contents

Ford Mustang Insurance Cost

The average Ford Mustang car insurance rates are $1,666 a year or $139 a month.

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Are Ford Mustangs Expensive to Insure?

The chart below details how Ford Mustang insurance rates compare to other sports cars like the Jaguar F-TYPE, Porsche 718 Boxster, and Chevrolet Camaro.

Vehicle Comprehensive Collision Liability Total
Ford Mustang $348 $718 $420 $1,666
Jaguar F-TYPE $508 $1102 $398 $2,166
Porsche 718 Boxster $444 $952 $338 $1,870
Chevrolet Camaro $348 $594 $372 $1,472
Cadillac ATS-V $406 $834 $398 $1,796
Audi TT RS $420 $774 $338 $1,668
Audi R8 $594 $1338 $398 $2,488
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However, there are a few things you can do to find the cheapest Ford insurance rates online.

What Impacts the Cost of Ford Mustang Insurance?

The Ford Mustang trim and model you choose can impact the total price you will pay for Ford Mustang insurance coverage.

Age of the Vehicle

Older Ford Mustang models generally cost less to insure. For example, auto insurance for a 2020 Ford Mustang costs $1,666, while 2010 Ford Mustang insurance costs are $1,346, a difference of $320.

Model Year Comprehensive Collision Liability Total
2020 Ford Mustang $348 $718 $420 $1,666
2019 Ford Mustang $332 $690 $440 $1,642
2018 Ford Mustang $320 $686 $450 $1,636
2017 Ford Mustang $308 $668 $470 $1,626
2016 Ford Mustang $298 $640 $486 $1,604
2015 Ford Mustang $282 $618 $500 $1,580
2014 Ford Mustang $270 $574 $510 $1,534
2013 Ford Mustang $260 $540 $514 $1,494
2012 Ford Mustang $248 $484 $520 $1,432
2011 Ford Mustang $232 $446 $520 $1,378
2010 Ford Mustang $224 $418 $524 $1,346
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Driver Age

Driver age can have a significant effect on the cost of Ford Mustang car insurance. For example, a 20-year-old driver could pay around $170 more each month for their Ford Mustang car insurance than a 30-year-old driver.

Driver Location

Where you live can have a large impact on Ford Mustang insurance rates. For example, drivers in New York may pay $1,016 a year more than drivers in Seattle.

Your Driving Record

Your driving record can have an impact on the cost of Ford Mustang auto insurance. Teens and drivers in their 20’s with violations on their record see the highest jump in their Ford Mustang auto insurance rates.

Ford Mustang Safety Ratings

The Ford Mustang’s safety ratings will affect your Ford Mustang car insurance rates. See the chart below:

Test Type Rating
Small overlap front: driver-side Acceptable
Small overlap front: passenger-side Not Tested
Moderate overlap front Good
Side Good
Roof strength Good
Head restraints and seats Good
Source: Insurance Institute for Highway Safety
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Ford Mustang Crash Test Ratings

Ford Mustang crash test ratings will affect your Ford Mustang car insurance rates.

Vehicle Tested Overall Frontal Side Rollover
2020 Ford Mustang GT350R 2 DR RWD 5 stars 5 stars 5 stars 5 stars
2020 Ford Mustang C RWD N/R N/R N/R 5 stars
2020 Ford Mustang 2 DR RWD 5 stars 5 stars 5 stars 5 stars
2019 Ford Mustang GT350R 2 DR RWD 5 stars 5 stars 5 stars 5 stars
2019 Ford Mustang C RWD N/R N/R N/R 5 stars
2019 Ford Mustang 2 DR RWD 5 stars 5 stars 5 stars 5 stars
2018 Ford Mustang GT350R 2 DR RWD 5 stars 5 stars 5 stars 5 stars
2018 Ford Mustang C RWD N/R N/R N/R 5 stars
2018 Ford Mustang 2 DR RWD 5 stars 5 stars 5 stars 5 stars
2017 Ford Mustang C RWD N/R N/R N/R 5 stars
2017 Ford Mustang 2 DR RWD 5 stars 5 stars 5 stars 5 stars
2016 Ford Mustang C RWD N/R N/R N/R 5 stars
2016 Ford Mustang 2 DR RWD 5 stars 5 stars 5 stars 5 stars
1-5 Star Rating Scale, N/R = No Rating | Source: National Highway Traffic Safety Administration
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Ford Mustang Safety Features

The Ford Mustang safety features can help lower insurance costs. According to AutoBlog, the 2020 Ford Mustang has the following safety features:

  • Driver Air Bag
  • Passenger Air Bag
  • Front Head Air Bag
  • Rear Head Air Bag
  • Front Side Air Bag
  • 4-Wheel ABS
  • 4-Wheel Disc Brakes
  • Brake Assist
  • Electronic Stability Control
  • Daytime Running Lights
  • Traction Control
  • Lane Departure Warning
  • Lane Keeping Assist

Ford Mustang Insurance Loss Probability

Review the Ford Mustang car insurance loss probability rates for collision, property damage, comprehensive, PIP, MedPay, and bodily injury. The lower percentage means lower Ford Mustang auto insurance costs; higher percentages mean higher Ford Mustang auto insurance costs.

Insurance Coverage Category Loss Rate
Collision 75%
Property Damage -20%
Comprehensive 31%
Personal Injury 9%
Medical Payment 36%
Bodily Injury 17%
Source: Insurance Institute for Highway Safety
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Ford Mustang Finance and Insurance Cost

If you are financing a Ford Mustang, most lenders will require your carry higher Ford Mustang coverage options including comprehensive coverage, so be sure to shop around and compare Ford Mustang auto insurance quotes from the best auto insurance companies using our FREE tool below.

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Ways to Save on Ford Mustang Insurance

If you want to reduce the cost of your Ford Mustang insurance rates, follow these tips below:

  • Compare Apples to Apples When Comparing Ford Mustang Insurance Quotes and Policies
  • Re-Check Ford Mustang Quotes Every 6 Months
  • Ask About Loyalty Discounts
  • Understand the Different Types of Auto Insurance for Your Ford Mustang
  • Buy a Ford Mustang with an Anti-Theft Device

Top Ford Mustang Insurance Companies

Several insurance companies offer competitive rates for the Ford Mustang based on factors like discounts for safety features. Take a look at these top car insurance companies that are popular with Ford Mustang drivers organized by market share.

Rank Company Volume Market Share
1 State Farm $65,615,190 9.3%
2 GEICO $46,106,971 6.6%
3 Progressive $39,222,879 5.6%
4 Liberty Mutual $35,600,051 5.1%
5 Allstate $35,025,903 5.0%
6 Travelers $28,016,966 4.0%
7 USAA $23,483,080 3.3%
8 Chubb $23,388,385 3.3%
9 Farmers $20,643,559 2.9%
10 Nationwide $18,442,145 2.6%
Source: Insurance Information Institute
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Compare Free Ford Mustang Insurance Quotes Online

You can start comparing quotes for Ford Mustang auto insurance rates from some of the best auto insurance companies by using our free online tool now.

To go directly to a specific section, click below:

How much does car insurance cost for a Ford Mustang?

Before you compare Ford Mustang car insurance quotes by entering your zip in on the side of the page, read on to learn some information about the history of the Mustang and the approximate cost of Ford Mustang auto insurance rates.

Find insurance quotes for Mustangs and make sure you are getting the best deal possible for your insurance!

The very first Mustang concept car was shown in 1962 as a V4 two-seater. A four-seater was then revealed in 1963 during the Grand Prix in New York.

On April 17, 1964, at the New York World Fair, Ford unveiled their production Mustang which was released for sale the very same day. Geared to attract the baby boomers, the production Mustang was sleek and attractive and available as either a coupe or a convertible.

While the Mustang has faced many changes during the last 50+ years, it still remains a popular choice for people who want a good-looking car at an affordable base price.

Depending on the make and model Mustang you own, your personal information, and some general baselines for car insurance for a Mustang in your state, insurance can vary, ranging anywhere from $500 to $2,000 per year.

Before you decide to buy car insurance, be sure to shop around and compare rates.

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Enter your ZIP code below to view companies that have cheap car insurance rates.

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What is the average cost for car insurance on a Ford Mustang?

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