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2003 Ford Mustang Insurance Rates

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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UPDATED: Mar 9, 2020

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Average insurance rates for a 2003 Ford Mustang are $1,080 a year for full coverage insurance. Comprehensive insurance costs approximately $162 a year, collision insurance costs $228, and liability coverage costs around $510. Buying a liability-only policy costs as low as $568 a year, and high-risk insurance costs $2,326 or more. Teen drivers receive the highest rates at up to $4,394 a year.

Annual premium for full coverage: $1,080

Rate estimates for 2003 Ford Mustang Insurance

Comprehensive $162
Collision $228
Liability $510

Rate data is compiled from all 50 U.S. states and averaged for all 2003 Ford Mustang models. Rates are based on a 40-year-old male driver, $500 comprehensive and collision deductibles, and a clean driving record. Remaining premium consists of UM/UIM coverage, Medical/PIP, and policy fees.

Price Range by Coverage and Risk

For a driver in their 40's, prices range range from as low as $568 for only liability insurance to a high of $2,326 for a driver who has had serious violations or accidents.

Liability Only $568
Full Coverage $1,080
High Risk $2,326

View Chart as Image

2003 Ford Mustang insurance rates compared
Column chart showing 2003 Ford Mustang insurance prices range from $660 to $4,394 for full coverage

These differences illustrate why it is important for drivers to compare prices using their specific location and risk profile, rather than using price averages.

Use the form below to get rates for your location.

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

Recommended Companies for Cheap 2003 Ford Mustang Insurance

Searching Companies

Buyers have lots of choices when searching for the best price on Ford Mustang insurance. They can either spend hours contacting agents trying to get quotes or save time using the internet to get rate quotes. There is a right way and a wrong way to buy auto insurance so we’re going to tell you the quickest way to quote coverages for a Ford and locate the lowest price.

Where Can I Get Cheap Insurance?

Most major insurance companies allow you to get prices for coverage on their websites. Getting online quotes is pretty painless as you just enter your personal and coverage information into the quote form. When the form is submitted, the system orders your driving and credit reports and returns pricing information based on many factors.

This makes comparing rates easy, but the time required to go to different websites and type in the same information can get tiresome after awhile. But it is imperative to perform this step if you want to find the lowest possible prices on insurance.

The quickest way to locate the lowest prices makes use of a single form that obtains quotes from many companies. It saves time, reduces the work, and makes online quotes much easier. After sending your information, it is rated and you can choose your choice of the resulting price quotes. If you find a better price you can click and sign and buy the new coverage. The entire process just takes a couple of minutes and may save quite a bit of money.

If you want to find out how much you can save on insurance, simply click here to open in new window and enter your vehicle and coverage information. To compare your current rates, we recommend you enter the coverages as close as possible to your current policy. Using the same limits helps guarantee you will have rate quotes using the exact same coverages.

Discounts mean cheaper 2003 Ford Mustang insurance rates

Companies don’t always advertise every discount very well, so here is a list some of the best known and the more hidden savings tricks you should be using. If you don’t get every credit you qualify for, you are throwing money away.

  • No Claims – Drivers who don’t have accidents can save substantially when compared to bad drivers.
  • Good Student Discount – A discount for being a good student can be rewarded with saving of up to 25%. The good student discount can last up until you turn 25.
  • Passive Restraints and Air Bags – Vehicles equipped with air bags or motorized seat belts may earn rate discounts of up to 25% or more.
  • Safe Driver Discount – Safe drivers can pay as much as 50% less on Mustang coverage than drivers with accidents.
  • Driver’s Ed – Require your teen driver to complete a driver education course in school.
  • Anti-lock Brakes – Cars that have steering control and anti-lock brakes can avoid accidents and therefore earn up to a 10% discount.
  • Pay Now and Pay Less – If paying your policy premium upfront instead of paying each month you may reduce your total bill.
  • Paperless Signup – Some insurance companies give back up to $50 for buying your policy over the internet.
  • Sign Early and Save – Select companies give a discount for switching to them before your current policy expires. It can save you around 10%.
  • Military Discounts – Being deployed with a military unit can result in better rates.

As a disclaimer on discounts, some of the credits will not apply to the entire cost. Most only reduce individual premiums such as collision or personal injury protection. So despite the fact that it appears having all the discounts means you get insurance for free, companies don’t profit that way.

For a list of insurance companies with the best car insurance discounts, click this link.

Tailor your coverage to you

When choosing the best auto insurance coverage, there isn’t really a cookie cutter policy. Every insured’s situation is different.

For instance, these questions might point out if your situation might need an agent’s assistance.

  • Which companies will insure high-risk drivers?
  • Am I covered when using my vehicle for business?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • How can I get my company to pay me more for my totalled car?
  • Is a fancy paint job covered?
  • Do I need higher collision deductibles?
  • Is my trailer covered?

If you can’t answer these questions then you might want to talk to an agent. To find lower rates from a local agent, complete this form. It is quick, free and can provide invaluable advice.

Free Auto Insurance Comparison

Enter your zip code below to view companies that have cheap auto insurance rates.

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Car insurance coverage information

Knowing the specifics of a insurance policy aids in choosing which coverages you need at the best deductibles and correct limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy.

Coverage for medical payments – Coverage for medical payments and/or PIP pay for immediate expenses like pain medications, EMT expenses, funeral costs and surgery. They can be utilized in addition to your health insurance policy or if you do not have health coverage. They cover both the driver and occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not universally available and may carry a deductible

Comprehensive coverages – Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as theft, damage from a tornado or hurricane and fire damage. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Collision – Collision coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision insurance covers things such as colliding with another moving vehicle, scraping a guard rail, sideswiping another vehicle, colliding with a tree and crashing into a building. This coverage can be expensive, so consider dropping it from lower value vehicles. You can also increase the deductible to bring the cost down.

Uninsured and underinsured coverage – This provides protection when other motorists either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your 2003 Ford Mustang.

Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important.

Liability – Liability coverage can cover damage that occurs to a person or their property. It protects you from claims by other people, and does not provide coverage for damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 100/300/100 which means a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property.

Liability coverage protects against things like emergency aid, bail bonds and medical services. The amount of liability coverage you purchase is a decision to put some thought into, but buy higher limits if possible.

Use our FREE quote tool to compare rates now!

Rates by U.S. City

2003 Ford Mustang Insurance Rates by City
City Premium
New York City, NY $1,704
Los Angeles, CA $1,848
Philadelphia, PA $1,439
Jacksonville, FL $1,568
Phoenix, AZ $1,257
Chicago, IL $1,444
Houston, TX $1,693
Seattle, WA $1,051
Columbus, OH $903
Indianapolis, IN $920

Need a specific model?

Choose your model and trim below

Rates by Driver Age

2003 Ford Mustang Insurance Rates by Driver Age
Driver Age Premium
16 $4,394
20 $2,480
30 $1,096
40 $1,080
50 $996
60 $974

Full coverage, $500 deductibles

Rates by Deductible

2003 Ford Mustang Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,250
$250 $1,174
$500 $1,080
$1,000 $992

Full coverage, driver age 40

Rates by Liability Limit

Ford Mustang Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,080
50/100 $1,182
100/300 $1,310
250/500 $1,641
100 CSL $1,233
300 CSL $1,514
500 CSL $1,718

Full coverage, driver age 40

Rates for High Risk Drivers

2003 Ford Mustang Insurance Rates for High Risk Drivers
Age Premium
16 $6,184
20 $3,948
30 $2,340
40 $2,326
50 $2,226
60 $2,204

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $145

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $54
Multi-vehicle $58
Homeowner $19
5-yr Accident Free $65
5-yr Claim Free $67
Paid in Full/EFT $38
Advance Quote $47
Online Quote $72
Total Discounts $420
Rate after discounts $660

Discounts are estimated and may not be available from every company or in every state.

Find companies with the cheapest rates in your area

2003 Ford Mustang Insurance Rates by State
State Premium
Alabama $974
Alaska $828
Arizona $898
Arkansas $1,080
California $1,232
Colorado $1,028
Connecticut $1,108
Delaware $1,222
Florida $1,352
Georgia $996
Hawaii $774
Idaho $732
Illinois $802
Indiana $814
Iowa $728
Kansas $1,024
Kentucky $1,474
Louisiana $1,598
Maine $666
Maryland $890
Massachusetts $862
Michigan $1,874
Minnesota $904
Mississippi $1,294
Missouri $956
Montana $1,160
Nebraska $852
Nevada $1,296
New Hampshire $778
New Jersey $1,210
New Mexico $956
New York $1,136
North Carolina $624
North Dakota $884
Ohio $746
Oklahoma $1,108
Oregon $990
Pennsylvania $1,028
Rhode Island $1,440
South Carolina $980
South Dakota $910
Tennessee $944
Texas $1,302
Utah $800
Vermont $738
Virginia $646
Washington $834
West Virginia $990
Wisconsin $746
Wyoming $962

Free Auto Insurance Comparison

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