Ford Mustang Shelby GT500 2-Dr Convertible Insurance Rates

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The average insurance rates for a Ford Mustang Shelby GT500 2-Dr Convertible are $1,774 a year with full coverage. Comprehensive insurance costs around $396, collision insurance costs $856, and liability coverage costs around $364. Buying just liability costs as low as $430 a year, and insurance for high-risk drivers costs $3,874 or more. Teen drivers cost the most to insure at up to $6,410 a year.

Annual premium for full coverage: $1,774

Policy rates for type of coverage:

Comprehensive $396
Collision $856
Liability $364

40-year-old driver, full coverage with $500 deductibles, and good driving record

Price Range for Insurance for this Ford Mustang Trim Level

For a 40-year-old driver, Ford Mustang Shelby GT500 2-Dr Convertible insurance rates range from as low as $430 for a discount liability-only rate to the much higher price of $3,874 for high-risk insurance.

Liability Only $430
Full Coverage $1,774
High Risk $3,874

These price differences demonstrate why everyone should compare prices for a specific zip code and risk profile, rather than using price averages.

Use the form below to get rates for your location.

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Companies with Cheap Ford Mustang Shelby GT500 2-Dr Convertible Insurance

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Insurance rates for a Ford Mustang Shelby GT500 2-Dr Convertible also range considerably based on your risk profile, the actual cash value of your Mustang, and deductibles and policy limits.

A more mature driver with a clean driving record and high deductibles may only pay around $1,600 a year, or $133 per month, for full coverage. Rates are highest for teenagers, where even good drivers can expect to pay as much as $6,400 a year. View Rates by Age

Your home state has a huge impact on Ford Mustang Shelby GT500 2-Dr Convertible insurance rates. A driver around age 40 might see rates as low as $970 a year in states like Indiana, Ohio, and Vermont, or as much as $1,790 on average in New Jersey, Michigan, and Montana. Rates by state and city are shown later in the article.

Choosing high deductibles could cut rates by as much as $840 a year, whereas buying more liability protection will increase rates. Moving from a 50/100 limit to a 250/500 limit will raise rates by up to $327 more per year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you may be forking out at least $2,100 to $2,900 extra every year, depending on your age. Ford Mustang Shelby GT500 2-Dr Convertible insurance for high-risk drivers can be around 45% to 132% more than average. View High Risk Driver Rates

Because rates have so much variability, the best way to find out your exact price is to regularly compare rates and see how they stack up. Each insurance company uses a different rate calculation, so the rates will be varied from one company to the next.

View Chart as Image

Ford Mustang Shelby GT500 2-Dr Convertible insurance cost comparison chart
Column chart showing Ford Mustang Shelby GT500 2-Dr Convertible insurance prices range from $984 to $6,410 for full coverage

The chart above shows Ford Mustang Shelby GT500 2-Dr Convertible insurance rates for various risk profiles and scenarios. The cheapest rate with discounts is $984. Drivers who choose higher $1,000 deductibles will pay around $1,492. The average rate for a driver age 40 with no violations using $500 deductibles is $1,774. Selecting more expensive $100 deductibles for comp and collision coverage could cost up to $2,332. High risk drivers could be charged around $3,874. The rate for full coverage for a 16-year-old driver can be as high as $6,410.

Ford Mustang Shelby GT500 2-Dr Convertible Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,604 -$170 -9.6%
Alaska $1,360 -$414 -23.3%
Arizona $1,472 -$302 -17.0%
Arkansas $1,774 -$0 0.0%
California $2,022 $248 14.0%
Colorado $1,696 -$78 -4.4%
Connecticut $1,824 $50 2.8%
Delaware $2,008 $234 13.2%
Florida $2,220 $446 25.1%
Georgia $1,638 -$136 -7.7%
Hawaii $1,274 -$500 -28.2%
Idaho $1,200 -$574 -32.4%
Illinois $1,322 -$452 -25.5%
Indiana $1,336 -$438 -24.7%
Iowa $1,198 -$576 -32.5%
Kansas $1,688 -$86 -4.8%
Kentucky $2,420 $646 36.4%
Louisiana $2,626 $852 48.0%
Maine $1,094 -$680 -38.3%
Maryland $1,462 -$312 -17.6%
Massachusetts $1,418 -$356 -20.1%
Michigan $3,084 $1,310 73.8%
Minnesota $1,484 -$290 -16.3%
Mississippi $2,126 $352 19.8%
Missouri $1,574 -$200 -11.3%
Montana $1,906 $132 7.4%
Nebraska $1,398 -$376 -21.2%
Nevada $2,126 $352 19.8%
New Hampshire $1,280 -$494 -27.8%
New Jersey $1,982 $208 11.7%
New Mexico $1,570 -$204 -11.5%
New York $1,868 $94 5.3%
North Carolina $1,022 -$752 -42.4%
North Dakota $1,452 -$322 -18.2%
Ohio $1,224 -$550 -31.0%
Oklahoma $1,822 $48 2.7%
Oregon $1,624 -$150 -8.5%
Pennsylvania $1,692 -$82 -4.6%
Rhode Island $2,366 $592 33.4%
South Carolina $1,608 -$166 -9.4%
South Dakota $1,496 -$278 -15.7%
Tennessee $1,554 -$220 -12.4%
Texas $2,140 $366 20.6%
Utah $1,316 -$458 -25.8%
Vermont $1,214 -$560 -31.6%
Virginia $1,064 -$710 -40.0%
Washington $1,372 -$402 -22.7%
West Virginia $1,628 -$146 -8.2%
Wisconsin $1,228 -$546 -30.8%
Wyoming $1,580 -$194 -10.9%

View Chart as Image

Ford Mustang Shelby GT500 2-Dr Convertible insurance rates by U.S. city

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Rates by Driver Age

Ford Mustang Shelby GT500 2-Dr Convertible Insurance Rates by Driver Age
Driver Age Premium
16 $6,410
20 $4,148
30 $1,872
40 $1,774
50 $1,618
60 $1,590

Full coverage, $500 deductibles

Rates by Deductible

Ford Mustang Shelby GT500 2-Dr Convertible Insurance Rates with Different Deductibles
Deductible Premium
$100 $2,332
$250 $2,072
$500 $1,774
$1,000 $1,492

Full coverage, driver age 40

Rates by Liability Limit

Ford Mustang Shelby GT500 2-Dr Convertible Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,774
50/100 $1,847
100/300 $1,938
250/500 $2,174
100 CSL $1,883
300 CSL $2,083
500 CSL $2,229

Full coverage, driver age 40

Rates for High Risk Drivers

Ford Mustang Shelby GT500 2-Dr Convertible Insurance Rates for High Risk Drivers
Age Premium
16 $9,220
20 $6,604
30 $3,982
40 $3,874
50 $3,696
60 $3,664

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 $257

Potential Rate Discounts

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

Discount Savings
Multi-policy $97
Multi-vehicle $93
Homeowner $23
5-yr Accident Free $145
5-yr Claim Free $117
Paid in Full/EFT $91
Advance Quote $95
Online Quote $129
Total Discounts $790
Rate after discounts $984

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

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