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2016 Ford Mustang Insurance Rates

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

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 2016 Ford Mustang are $1,580 a year including full coverage. Comprehensive costs an estimated $282 a year, collision costs $618, and liability coverage costs $500. Buying a liability-only policy costs as little as $560 a year, with high-risk insurance costing around $3,454. Teenage drivers receive the highest rates at $6,050 a year or more.

Annual premium for full coverage: $1,580

Rate estimates for 2016 Ford Mustang Insurance

Comprehensive $282
Collision $618
Liability $500

Rate data is compiled from all 50 U.S. states and averaged for all 2016 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 middle-aged driver, prices range go from as low as $560 for a discount liability-only rate to a high of $3,454 for a high risk driver.

Liability Only $560
Full Coverage $1,580
High Risk $3,454

View Chart as Image

2016 Ford Mustang insurance rates compared
Column chart showing 2016 Ford Mustang insurance prices range from $898 to $6,050 for full coverage

These differences highlight why it is important for drivers to compare rates 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 2016 Ford Mustang Insurance

Searching Companies

Searching for cheaper insurance coverage rates for your Ford Mustang? Locating cheaper insurance for a Ford Mustang can turn out to be an all-consuming task, but you can learn our insurance coverage buying tips to make it easier. There are more efficient ways to buy insurance coverage so you’re going to learn the proper way to quote coverages for your Ford and get the cheapest rates from both online companies and local agents.

It’s a good habit to shop coverage around before your policy renews due to the fact that insurance rates fluctuate regularly. Just because you had the best deal for Mustang insurance two years ago you will most likely find a better rate today. So just forget anything you know (or think you know) about insurance coverage because we’re going to show you the fastest way to find lower rates on insurance coverage.

Choosing the best insurance company for you is not that difficult. If you have a policy now or need new coverage, you can use these tips to cut your premiums and still get good coverage. Consumers only need an understanding of the most effective way to buy auto insurance online.

Compare Auto Insurance Today

Cutting your auto insurance rates is actually quite simple. You just need to take the time comparing price quotes from different insurance companies. This can be done using a couple different methods.

The recommended way to compare a lot of rates at once is to use a rate comparison form click to view form in new window. This easy form prevents you from having to do repetitive form submissions to each individual auto insurance company. Completing one form will get you price quotes from multiple companies. Just one form and you’re done.

A slightly less efficient method to shop for auto insurance online requires a trip to the website for every company you want to comare to complete their respective quote request forms. For examples sake, we’ll assume you want to compare Liberty Mutual, Safeco and Allstate. To find out each rate you need to spend time on each company’s site to input your insurance information, which is why most consumers use the first method.

To view a list of companies in your area, click here.

However you get your quotes, make sure you use the exact same information for each price quote. If each company quotes unequal deductibles or liability limits it’s not possible to determine which rate is truly the best.

Take advantage of discounts

Auto insurance companies do not advertise all available discounts very clearly, so we took the time to find both well-publicized and the more hidden car insurance savings. If you’re not getting every credit you qualify for, you are paying more than you should be.

  • Paperless Signup – A few companies will give a small break for buying your policy over the internet.
  • Early Switch Discount – Select companies give a discount for signing up prior to your current policy expiration. It’s a savings of about 10%.
  • Good Student Discount – Performing well in school can be rewarded with saving of up to 25%. The good student discount can last up until you turn 25.
  • Accident Waiver – Some insurance companies allow you one accident before raising your premiums as long as you don’t have any claims for a particular time prior to the accident.
  • Club Memberships – Belonging to a civic or occupational organization could trigger savings on your policy for Mustang insurance.
  • Lower Rates for Military – Having a deployed family member can result in better rates.

Drivers should understand that most of the big mark downs will not be given to the entire cost. Most only cut the cost of specific coverages such as comprehensive or collision. So even though they make it sound like you could get a free car insurance policy, you’re out of luck.

Companies that may have these money-saving discounts include:

Before buying, ask each company which discounts they offer. Discounts might not apply everywhere.

Free Auto Insurance Comparison

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

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How to know if you need help

When buying the best auto insurance coverage for your vehicles, there isn’t really a “perfect” insurance plan. Coverage needs to be tailored to your specific needs.

These are some specific questions might help in determining if your insurance needs might need an agent’s assistance.

  • Can I drive in Mexico and have coverage?
  • Does insurance cover damages from a DUI accident?
  • Is my 2016 Ford Mustang covered for flood damage?
  • Is my teenager covered with friends in the car?
  • Is my custom paint covered by insurance?
  • Does my medical payments coverage pay my health insurance deductible?
  • Where can I get insurance after a DUI in my state?

If it’s difficult to answer those questions, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form. It is quick, free and can help protect your family.

Car insurance coverage information

Having a good grasp of your insurance policy helps when choosing the best coverages and the correct deductibles and limits. Insurance terms can be confusing and nobody wants to actually read their policy.

Uninsured or underinsured coverage

This coverage provides protection from other drivers when they do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your Ford Mustang.

Since a lot of drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important.

Comprehensive protection

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

Comprehensive coverage pays for claims like damage from getting keyed, vandalism and theft. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Medical expense coverage

Med pay and PIP coverage kick in for expenses such as dental work, chiropractic care, funeral costs, ambulance fees and rehabilitation expenses. They are used to fill the gap from your health insurance policy or if you do not have health coverage. It covers not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Auto liability

This provides protection from injuries or damage you cause to a person or their property by causing an accident. Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 100/300/100 which stand for $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability can pay for claims such as emergency aid, attorney fees, structural damage, court costs and legal defense fees. How much liability should you purchase? That is a personal decision, but consider buying as much as you can afford.

Collision coverage

Collision insurance will pay to fix damage to your Mustang resulting from a collision with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.

Collision insurance covers claims such as crashing into a building, colliding with a tree and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. You can also increase the deductible to save money on collision insurance.

Money doesn’t grow on trees

When trying to cut insurance costs, don’t be tempted to reduce coverage to reduce premium. There are many occasions where an insured cut liability coverage limits and discovered at claim time they didn’t purchase enough coverage. The ultimate goal is to get the best coverage possible at an affordable rate while not skimping on critical coverages.

You just learned a lot of information how to lower your 2016 Ford Mustang insurance rates. The key thing to remember is the more you quote, the higher your chance of finding lower rates. You may even discover the lowest priced car insurance comes from a smaller regional carrier.

People switch companies for a number of reasons such as policy non-renewal, extreme rates for teen drivers, high prices and even unfair underwriting practices. Whatever your reason, switching companies is not as difficult as it may seem.

More information is available on the following sites:

Use our FREE quote tool to compare rates now!

Rates by U.S. City

2016 Ford Mustang Insurance Rates by City
City Premium
New York City, NY $2,493
Los Angeles, CA $2,697
Philadelphia, PA $2,106
Jacksonville, FL $2,290
Phoenix, AZ $1,837
Chicago, IL $2,113
Houston, TX $2,470
Seattle, WA $1,537
Columbus, OH $1,316
Indianapolis, IN $1,345

Need a specific model?

Choose your model and trim below

Rates by Driver Age

2016 Ford Mustang Insurance Rates by Driver Age
Driver Age Premium
16 $6,050
20 $3,702
30 $1,642
40 $1,580
50 $1,448
60 $1,420

Full coverage, $500 deductibles

Rates by Deductible

2016 Ford Mustang Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,982
$250 $1,792
$500 $1,580
$1,000 $1,376

Full coverage, driver age 40

Rates by Liability Limit

Ford Mustang Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,580
50/100 $1,680
100/300 $1,805
250/500 $2,130
100 CSL $1,730
300 CSL $2,005
500 CSL $2,205

Full coverage, driver age 40

Rates for High Risk Drivers

2016 Ford Mustang Insurance Rates for High Risk Drivers
Age Premium
16 $8,636
20 $5,904
30 $3,524
40 $3,454
50 $3,302
60 $3,276

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 $228

Potential Rate Discounts

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

Discount Savings
Multi-policy $84
Multi-vehicle $86
Homeowner $24
5-yr Accident Free $119
5-yr Claim Free $104
Paid in Full/EFT $73
Advance Quote $80
Online Quote $112
Total Discounts $682
Rate after discounts $898

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

Find companies with the cheapest rates in your area

2016 Ford Mustang Insurance Rates by State
State Premium
Alabama $1,426
Alaska $1,212
Arizona $1,312
Arkansas $1,580
California $1,798
Colorado $1,506
Connecticut $1,624
Delaware $1,788
Florida $1,974
Georgia $1,460
Hawaii $1,132
Idaho $1,068
Illinois $1,174
Indiana $1,190
Iowa $1,066
Kansas $1,500
Kentucky $2,154
Louisiana $2,338
Maine $976
Maryland $1,302
Massachusetts $1,260
Michigan $2,740
Minnesota $1,322
Mississippi $1,890
Missouri $1,400
Montana $1,696
Nebraska $1,246
Nevada $1,896
New Hampshire $1,138
New Jersey $1,764
New Mexico $1,398
New York $1,662
North Carolina $910
North Dakota $1,294
Ohio $1,088
Oklahoma $1,618
Oregon $1,446
Pennsylvania $1,504
Rhode Island $2,106
South Carolina $1,430
South Dakota $1,334
Tennessee $1,382
Texas $1,900
Utah $1,168
Vermont $1,080
Virginia $944
Washington $1,220
West Virginia $1,448
Wisconsin $1,092
Wyoming $1,406

Free Auto Insurance Comparison

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