Compare Ford Mustang Car Insurance Rates [2023]
Ford Mustang car insurance will cost $139 per month ($1,666 per year) on average. Comprehensive, collision, and liability insurance costs around $406, $592, and $470, respectively. Rates are especially high for younger drivers; for example, Ford Mustang rates for a 19-year-old are $507.41/month.
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Joel Ohman
Founder & CFP®
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...
Founder & CFP®
UPDATED: May 4, 2022
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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.
UPDATED: May 4, 2022
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Ford Mustang full coverage car insurance around $1,666 a year or $139 each month
- A liability-only car insurance policy for a Ford Mustang costs around $668 a year or $56 each month
- 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 to find cheap car insurance.
You can start comparing affordable Ford Mustang car insurance quotes from some of the best car insurance companies by using our free online tool now.
How much are Ford Mustang car insurance rates?
How much is insurance for a Mustang? Mustang insurance rates average around $1,666 a year or $139 a month.
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Is Ford Mustang car insurance expensive?
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 |
However, there are a few things you can do to find the cheapest Ford insurance rates online.
What are ways to save on Ford Mustang car 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
What are the best Ford Mustang car 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: National Highway Traffic Safety Administration | |||
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.
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What factors affect Ford Mustang car insurance rates?
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 |
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.
Are Ford Mustangs safe?
The Ford Mustang’s safety ratings will affect your Ford Mustang car insurance rates.
What are the Ford Mustang safety ratings?
| 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 | |
What are the 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 | ||||
|---|---|---|---|---|
What are the 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
What is the Ford Mustang car insurance loss probability?
Review the Ford Mustang car insurance loss probability rates for collision, property damage, comprehensive, PIP, MedPay, and bodily injury.
| 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 | |
The lower percentage means lower Ford Mustang auto insurance costs; higher percentages mean higher Ford Mustang auto insurance costs.
Frequently Asked Questions: Cheap Ford Mustang Car Insurance
Hopefully we have covered everything there is to know about Ford Mustang auto insurance but if you have any questions, take a look at some common ones below.
#1 — What is the history of the Ford Mustang?
The original Ford Mustang totaled more than 181 inches in overall length and shared the same suspension as its manufacturing counterpart, the Falcon. However, unlike the Falcon, it had a longer hood with a lower roof, giving it a sportier look.
Its appearance was made further unique by dividing the tail lights into three sections and adding scallops along the side. Add the telltale running horse to the grille, and the Mustang was an instant sensation.
While the Mustang looked fancy and sporty, its basic engines were little more than any standard vehicle with a horsepower ranging from 101 all the way up to 116.
V8 engine models ranged in horsepower from 164 to 220 and the K-Code High-Performance version boasted 271 horsepower.
With these various options available during its first year of production, Ford sold over 126,000 coupes and convertibles, with the V8 engines topping the sales.
The very next year took Ford by storm, selling over 559,000 coupes, fastbacks, and convertibles. Sales continued to increase with more than 607,000 Mustangs sold in 1966.
While 1966 was the best year of Mustang sales in history, Ford continued to have successful growth throughout their production history of the Ford Mustang and it still continues to have great success today.
The 2018 Mustang was released in October of 2017. Although the Mustang led the pack of similar sports cars in 2017 with 74,152 sales, the first half of the year, sales were actually down 30 percent due to the anticipated launch of the 2018 model.
Key Statistics for the 2018 Ford Mustang
| 2018 Ford Mustang | Specifications |
|---|---|
| Starting MSRP Coupe | $25,585 |
| Starting MSRP Convertible | $31,085 |
| Seating | 4 |
| City mileage | 21 |
| Highway mileage | 31 |
#2 — How much is classic Ford Mustang car insurance?
Classic cars are often a valuable asset in someone’s collection and need to be insured correctly. Your use of the car will be a large determining factor in the type and cost of insurance you purchase for it.
Collector car insurance is like regular car insurance, but it offers several additional types of protection options.
Additional Car Insurance Options for Classic Cars
| Classic Car Insurance Coverage | Details of Coverage |
|---|---|
| Specialized Repair | Classic cars that are intended to remain classics may require using a trained mechanic for repairs and may also need specialized restoration. When comparing insurance on a Mustang, make sure you take the time to get all the details. You may want to consider insuring your classic car to cover repairs and restorations. |
| Transport coverage | If you plan to take your car overseas, you will need optional insurance coverage for transport. |
| Car show coverage | Classic cars that are used in car shows or club events are at risk for damage that could occur while on the premises and should be covered for these affairs as well. |
Your estimated annual driving mileage will impact the cost of your car insurance for your Ford Mustang.
If you only intend to drive your classic car for the occasional Sunday drive or for special events you may find your Ford Mustang insurance rates will be less than you expected.
Some insurance companies will offer auto insurance for a car with less than 2,500 annual driving miles for only $500 a year.
Not all cars qualify as a classic car. Some insurance companies require a car to be 25 or 30 years old in order to qualify for classic car insurance. Other collector car insurance requirements may involve proving the availability of a secondary car for daily use.
#3 — How much is car insurance for a modern car?
It may be surprising to find that a modern car costs more to insure than a classic car, but that is often the case. That is because modern cars are typically driven on a daily basis for multiple purposes.
The average use of a typical car is over 7,000 miles a year and everyday-use cars are exposed to greater risk on a regular basis.
High-performance and high-risk cars are automatically more expensive to insure. The average insurance rates for a Mustang can range depending on the driver and drive time.
Minimum liability insurance for a Ford Mustang is required in most states and new cars typically carry collision and comprehensive insurance as well. What does fully comprehensive car insurance mean? It will pay to repair or replace damaged property in events like fires, floods, or break-ins.
Car Insurance Requirements and Coverage Details
| Coverage Type | Required? | What It Provides |
|---|---|---|
| Liability | Yes | Financial compensation for the damages you cause another party |
| Comprehensive | Yes - if you are financing or leasing your Mustang; No - if you own you car outright | Covers the cost of damages to your own vehicle from non-accident related damages minus the deductible |
| Collision | Yes - if you are financing or leasing your Mustang; No - if you own your car outright | Provides financial compensation for your own vehicle damages after an accident minus the deductible |
Take the time to find the best Mustang insurance for your specific need. This will help you out in the long run! If you need help finding an average Ford Mustang insurance cost, make sure you look at previous reviews and prices.
Younger and inexperienced drivers pay more for insurance premiums, along with mature drivers with a negative driving record.
Some states have higher premiums in general for insurance, and where you live within the state can also impact your cost.
Discounts are usually available for equipping your car with safety and security features (such as air bags and an alarm system). These discounts could lower the cost to insure a Mustang.
Based on the different variables, insurance for a Mustang can range between $1,000 and $2,000 per year.
#4 — How does what I drive affect my car insurance costs?
The type of car a person drives can greatly influence how much they pay each month in car insurance. Everything from the year the car was made, its color, how much it costs, and its model affects insurance rates.
Older car insurance will likely cost more to insure since an older car might not have the most current safety features.
Expensive and luxury brand cars cost more to insure since they cost the insurance company so much more to replace if they are damaged or stolen. A faster model car, like a sports car, will cost more to insure because a driver is more likely to get speeding tickets with this type of car.
Statistically, someone that drives a faster car is also more likely to be involved in an accident.
Even something as insignificant as the car’s color can affect the policyholder’s monthly premiums. Red cars cost more, so that added sticker price might translate into rates that are a little higher as well.
#5 — How does where I drive affect my car insurance costs?
If you have ever moved from a more rural area to a city or vice versa, you might have noticed that your car insurance rates changed as well. This is because the type of environment in which you drive and garage your car greatly affects car insurance.
A policyholder that lives in a city will almost always pay more for car insurance than someone that lives in a more rural location.
Cities have more people driving in a smaller area, which is a perfect setting for car accidents. Also, cities have higher crime rates. So if the policyholder lives in the city and parks their car on the street, there is a greater risk of their car being stolen or damaged in some other way.
The only time someone in the country might have higher car insurance rates than a city dweller is if they have a long daily commute or the roads they drive on regularly are more hazardous.
For example, if someone lives in a small town in a mountainous region they might have higher rates because of the added risk of the terrain.
Whether you own a classic car or a modern car, insurance is an inevitable cost. Ready to buy Ford Mustang car insurance? Compare car insurance rates now for free by entering your ZIP code.
Free Car Insurance Comparison
Enter your ZIP code below to view companies that have cheap car insurance rates.
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Joel Ohman
Founder & CFP®
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...
Founder & CFP®
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.