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2008 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 2008 Ford Mustang are $1,246 a year for full coverage insurance. Comprehensive insurance costs an estimated $198 a year, collision costs $328, and liability coverage costs around $540. Buying a liability-only policy costs as low as $592 a year, with high-risk insurance costing $2,698 or more. Teenage drivers receive the highest rates at $4,980 a year or more.

Annual premium for full coverage: $1,246

Rate estimates for 2008 Ford Mustang Insurance

Comprehensive $198
Collision $328
Liability $540

Rate data is compiled from all 50 U.S. states and averaged for all 2008 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 40-year-old driver, prices range go from as low as $592 for basic liability insurance to a high of $2,698 for high-risk insurance.

Liability Only $592
Full Coverage $1,246
High Risk $2,698

View Chart as Image

2008 Ford Mustang insurance rates compared
Column chart showing 2008 Ford Mustang insurance prices range from $743 to $4,980 for full coverage

These differences illustrate why it is important for drivers to compare prices for a targeted area and risk profile, rather than using average rates.

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 2008 Ford Mustang Insurance

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Finding better rates for insurance is difficult for beginners to shopping for insurance online. There are so many choices that it can be a big hassle to find lower rates.

If you currently have car insurance, you will be able to reduce your rates substantially using these tips. The purpose of this article is to help educate you on the most effective way to quote insurance and some money-saving tips. Although consumers can benefit from knowing how the larger insurance companies price insurance differently.

Verify you’re getting all your discounts

Companies don’t always advertise all their discounts very well, so the following is a list of both well-publicized and the harder-to-find discounts you could be receiving.

  • Anti-theft Discount – Anti-theft and alarm systems prevent vehicle theft and therefore earn up to a 10% discount.
  • Resident Student – Children who are attending college and do not have access to a covered vehicle may qualify for this discount.
  • Multiple Policy Discount – When you combine your home and auto insurance with one insurance company you may earn approximately 10% to 15%.
  • Sign Online – A handful of insurance companies will discount your bill up to fifty bucks simply for signing digitally online.
  • Drivers Education – Require your teen driver to successfully complete driver’s ed class in school.
  • Early Signing – Some companies give discounts for switching policies prior to your current policy expiring. This can save 10% or more.
  • Auto/Life Discount – Select insurance companies reward you with lower rates if you buy auto and life insurance together.
  • Organization Discounts – Affiliation with a professional or civic organization could trigger savings when shopping for insurance for Mustang coverage.

A little note about advertised discounts, some credits don’t apply to the entire policy premium. Most cut the cost of specific coverages such as liability, collision or medical payments. So when it seems like you would end up receiving a 100% discount, insurance companies aren’t that generous.

For a list of providers offering insurance discounts, click this link.

The quickest method to compare rates is to know the fact most of the larger companies have advanced systems to provide you with free rate quotes. To start a quote, the only thing you need to do is provide a small amount of information like any included safety features, your job, how many miles driven, and the make and model of your vehicles. Your insurance information is instantly provided to insurance companies and they return cost estimate very quickly.

When should I talk to an agent?

When buying the right insurance coverage for your personal vehicles, there really is not a perfect coverage plan. Everyone’s needs are different.

For example, these questions might point out whether or not you may require specific advice.

  • Do I get a pro-rated refund if I cancel my policy early?
  • How do I file an SR-22 for a DUI in my state?
  • How does medical payments coverage work?
  • What is the minimum liability in my state?
  • Can I get a multi-policy discount?
  • Is business property covered if stolen from my car?
  • Am I better off with higher deductibles on my 2008 Ford Mustang?
  • Am I covered if I break a side mirror?
  • Can I make deliveries for my home business?
  • Where can I find DUI or SR-22 insurance?

If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to an agent. To find lower rates from a local agent, simply complete this short form.

Free Auto Insurance Comparison

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

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Auto insurance coverage information

Learning about specific coverages of your policy aids in choosing appropriate coverage and proper limits and deductibles. The terms used in a policy can be difficult to understand and coverage can change by endorsement.

Insurance for medical payments – Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses for things like surgery, hospital visits, doctor visits, X-ray expenses and rehabilitation expenses. The coverages can be utilized in addition to your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. PIP is not universally available but can be used in place of medical payments coverage

Liability insurance – This protects you from damage or injury you incur to people or other property. It protects you against other people’s claims. It does not cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 100/300/100 that translate to $100,000 bodily injury coverage, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property.

Liability insurance covers claims like legal defense fees, pain and suffering, loss of income, court costs and medical expenses. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as much as you can afford.

Comprehensive coverage (or Other than Collision) – Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as damage from a tornado or hurricane, rock chips in glass, hitting a bird, damage from getting keyed and a tree branch falling on your vehicle. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Collision coverage – This coverage pays for damage to your Mustang resulting from a collision with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for claims such as sideswiping another vehicle, hitting a mailbox, driving through your garage door, crashing into a ditch and colliding with a tree. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. It’s also possible to bump up the deductible to save money on collision insurance.

Uninsured Motorist or Underinsured Motorist insurance – Your UM/UIM coverage gives you protection from other drivers when they either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your Ford Mustang.

Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family.

Online plus local equals savings

When buying insurance coverage, it’s a bad idea to reduce needed coverages to save money. There have been many cases where drivers have reduced liability limits or collision coverage to discover at claim time that the few dollars in savings costed them thousands. Your focus should be to buy enough coverage at an affordable rate.

In this article, we covered quite a bit of information on how to reduce 2008 Ford Mustang insurance prices online. The key thing to remember is the more times you quote, the better chance you’ll have of finding lower rates. You may even discover the lowest priced insurance comes from a company that doesn’t do a lot of advertising.

People switch companies for any number of reasons including an unsatisfactory settlement offer, delays in paying claims, high rates after DUI convictions or extreme rates for teen drivers. No matter why you want to switch, finding the right insurance provider is not as difficult as it may seem.

More information is available at these links:

Use our FREE quote tool to compare rates now!

Rates by U.S. City

2008 Ford Mustang Insurance Rates by City
City Premium
New York City, NY $1,968
Los Angeles, CA $2,130
Philadelphia, PA $1,660
Jacksonville, FL $1,805
Phoenix, AZ $1,448
Chicago, IL $1,667
Houston, TX $1,950
Seattle, WA $1,210
Columbus, OH $1,038
Indianapolis, IN $1,060

Need a specific model?

Choose your model and trim below

Rates by Driver Age

2008 Ford Mustang Insurance Rates by Driver Age
Driver Age Premium
16 $4,980
20 $2,878
30 $1,274
40 $1,246
50 $1,144
60 $1,120

Full coverage, $500 deductibles

Rates by Deductible

2008 Ford Mustang Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,476
$250 $1,370
$500 $1,246
$1,000 $1,126

Full coverage, driver age 40

Rates by Liability Limit

Ford Mustang Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,246
50/100 $1,354
100/300 $1,489
250/500 $1,840
100 CSL $1,408
300 CSL $1,705
500 CSL $1,921

Full coverage, driver age 40

Rates for High Risk Drivers

2008 Ford Mustang Insurance Rates for High Risk Drivers
Age Premium
16 $7,044
20 $4,588
30 $2,728
40 $2,698
50 $2,582
60 $2,558

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 $172

Potential Rate Discounts

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

Discount Savings
Multi-policy $64
Multi-vehicle $68
Homeowner $21
5-yr Accident Free $81
5-yr Claim Free $79
Paid in Full/EFT $48
Advance Quote $57
Online Quote $85
Total Discounts $503
Rate after discounts $743

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

Find companies with the cheapest rates in your area

2008 Ford Mustang Insurance Rates by State
State Premium
Alabama $1,126
Alaska $956
Arizona $1,034
Arkansas $1,246
California $1,420
Colorado $1,188
Connecticut $1,278
Delaware $1,410
Florida $1,556
Georgia $1,150
Hawaii $894
Idaho $844
Illinois $926
Indiana $938
Iowa $840
Kansas $1,182
Kentucky $1,698
Louisiana $1,842
Maine $768
Maryland $1,028
Massachusetts $994
Michigan $2,160
Minnesota $1,044
Mississippi $1,492
Missouri $1,104
Montana $1,338
Nebraska $982
Nevada $1,492
New Hampshire $896
New Jersey $1,392
New Mexico $1,102
New York $1,312
North Carolina $718
North Dakota $1,022
Ohio $858
Oklahoma $1,278
Oregon $1,140
Pennsylvania $1,186
Rhode Island $1,662
South Carolina $1,128
South Dakota $1,052
Tennessee $1,088
Texas $1,500
Utah $922
Vermont $850
Virginia $746
Washington $960
West Virginia $1,142
Wisconsin $862
Wyoming $1,108

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