Ford Mustang Insurance Rates

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: May 10, 2024

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How much does it cost to insure a Ford Mustang? The average Ford Mustang insurance rates are $138 per month or $1,666 annually. However, many factors impact your average Mustang insurance premiums, like the age of your model. For example, the 2004 Mustang insurance costs will be much lower than the newer 2019 Mustang insurance costs. 

Read through our comprehensive guide to learn how much it is to insure a Mustang compared to other vehicles, and to better understand exactly what does liability insurance cover and why you might need more to protect your sports car. 

When you’re ready to compare the best Ford Mustang insurance quotes near you, simply enter your ZIP code into our free quote tool above to get started.

Average insurance rates for a Ford Mustang are $1,642 a year with full coverage. Comprehensive costs around $332, collision insurance costs $690, and liability insurance is estimated at $440. Liability-only coverage costs approximately $510 a year, and high-risk coverage costs around $3,578. Teen drivers receive the highest rates at up to $6,128 a year.

Average premium for full coverage: $1,642

Rate estimates for individual coverage type:

Comprehensive $332
Collision $690
Liability $440

Price estimates include $500 policy deductibles, 30/60 split liability limits, and includes UM/UIM and medical coverage. Rates are averaged for all U.S. states and for all Mustang models.

Price Range by Coverage and Risk

For an average driver, prices range range from the low end price of $510 for a discount liability-only rate to the much higher price of $3,578 for a high-risk insurance policy.

Liability Only $510
Full Coverage $1,642
High Risk $3,578

Price Range by Location

Living in a larger city has a significant impact on insurance rates. Areas with sparse population tend to have lower incidents of collision claims than larger metro areas. The example below illustrates the effect of geographic area on auto insurance rates.

Rural Areas $1,232
Small Cities $1,724
Large Cities $2,217

These examples demonstrate why everyone should get quotes for a specific zip code, rather than relying on price averages.

Use the form below to get customized rates for your location.

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

Rates by State, City, and Model

The chart below details average Ford Mustang insurance rates for additional coverage choices and driver risks.

  • The lowest rate with discounts is $932
  • Choosing higher $1,000 deductibles can save about $232 annually
  • The estimated price for a 40-year-old driver using $500 deductibles is $1,642
  • Choosing pricier low deductibles for comp and collision coverage bumps up the cost to $2,098
  • High-risk insureds with multiple violations and an at-fault accident could pay at least $3,578
  • The cost that insures a teen driver for full coverage can be $6,128 each year

View Chart as Image

Ford Mustang insurance cost comparison chart
Column chart showing Ford Mustang insurance rates range from $932 to $6,128 for full coverage

Car insurance rates for a Ford Mustang can also vary considerably based on the model of your Mustang, your age and driving habits, and deductibles and policy limits.

If you like to drive fast or you caused an accident, you may be forking out at least $2,000 to $2,700 extra per year, depending on your age. Ford Mustang insurance for high-risk drivers ranges anywhere from 44% to 136% more than average. View High Risk Driver Rates

A more mature driver with no driving violations and higher comprehensive and collision deductibles could pay as little as $1,500 annually on average for full coverage. Rates are highest for teen drivers, since even teens with perfect driving records will be charged as much as $6,100 a year. View Rates by Age

Where you live plays a big part in determining prices for Ford Mustang insurance rates. A good driver about age 40 could pay as low as $1,180 a year in states like New Hampshire, Ohio, and Utah, or as much as $2,220 on average in Florida, Michigan, and New York.

Ford Mustang Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,484 -$158 -9.6%
Alaska $1,262 -$380 -23.1%
Arizona $1,366 -$276 -16.8%
Arkansas $1,642 -$0 0.0%
California $1,874 $232 14.1%
Colorado $1,568 -$74 -4.5%
Connecticut $1,688 $46 2.8%
Delaware $1,860 $218 13.3%
Florida $2,056 $414 25.2%
Georgia $1,518 -$124 -7.6%
Hawaii $1,178 -$464 -28.3%
Idaho $1,114 -$528 -32.2%
Illinois $1,222 -$420 -25.6%
Indiana $1,238 -$404 -24.6%
Iowa $1,108 -$534 -32.5%
Kansas $1,560 -$82 -5.0%
Kentucky $2,240 $598 36.4%
Louisiana $2,432 $790 48.1%
Maine $1,016 -$626 -38.1%
Maryland $1,356 -$286 -17.4%
Massachusetts $1,312 -$330 -20.1%
Michigan $2,854 $1,212 73.8%
Minnesota $1,374 -$268 -16.3%
Mississippi $1,970 $328 20.0%
Missouri $1,460 -$182 -11.1%
Montana $1,766 $124 7.6%
Nebraska $1,296 -$346 -21.1%
Nevada $1,970 $328 20.0%
New Hampshire $1,186 -$456 -27.8%
New Jersey $1,838 $196 11.9%
New Mexico $1,454 -$188 -11.4%
New York $1,732 $90 5.5%
North Carolina $948 -$694 -42.3%
North Dakota $1,346 -$296 -18.0%
Ohio $1,134 -$508 -30.9%
Oklahoma $1,686 $44 2.7%
Oregon $1,504 -$138 -8.4%
Pennsylvania $1,566 -$76 -4.6%
Rhode Island $2,194 $552 33.6%
South Carolina $1,490 -$152 -9.3%
South Dakota $1,386 -$256 -15.6%
Tennessee $1,438 -$204 -12.4%
Texas $1,978 $336 20.5%
Utah $1,216 -$426 -25.9%
Vermont $1,126 -$516 -31.4%
Virginia $984 -$658 -40.1%
Washington $1,268 -$374 -22.8%
West Virginia $1,508 -$134 -8.2%
Wisconsin $1,136 -$506 -30.8%
Wyoming $1,464 -$178 -10.8%

View Chart as Image

Ford Mustang insurance rates by U.S. city

Choosing high deductibles can save as much as $690 each year, whereas buying more liability protection will increase rates. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will cost as much as $439 extra every 12 months. View Rates by Deductible or Liability Limit

Insurance Rates by Trim Level and Model Year

Ford Mustang Insurance Rates by Model and Trim Level
Model and Trim Annual Premium Monthly Premium
Ford Mustang 2-Dr Convertible $1,386 $116
Ford Mustang 2-Dr Coupe $1,582 $132
Ford Mustang GT 2-Dr Convertible $1,484 $124
Ford Mustang GT 2-Dr Coupe $1,680 $140
Ford Mustang Shelby GT500 2-Dr Convertible $1,730 $144
Ford Mustang Shelby GT500 2-Dr Coupe $2,000 $167

Rates assume 2023 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.

Ford Mustang Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2024 Ford Mustang $348 $718 $420 $1,666
2023 Ford Mustang $332 $690 $440 $1,642
2022 Ford Mustang $320 $686 $450 $1,636
2021 Ford Mustang $308 $668 $470 $1,626
2020 Ford Mustang $298 $640 $486 $1,604
2019 Ford Mustang $282 $618 $500 $1,580
2018 Ford Mustang $270 $574 $510 $1,534
2017 Ford Mustang $260 $540 $514 $1,494
2016 Ford Mustang $248 $484 $520 $1,432
2015 Ford Mustang $232 $446 $520 $1,378
2014 Ford Mustang $224 $418 $524 $1,346
2013 Ford Mustang $220 $390 $534 $1,324
2012 Ford Mustang $202 $362 $534 $1,278
2011 Ford Mustang $198 $328 $540 $1,246
2010 Ford Mustang $184 $300 $534 $1,198
2009 Ford Mustang $174 $272 $534 $1,160
2008 Ford Mustang $168 $246 $530 $1,124
2007 Ford Mustang $166 $240 $520 $1,106
2006 Ford Mustang $162 $228 $510 $1,080
2005 Ford Mustang $148 $218 $504 $1,050

Rates are averaged for all Ford Mustang models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.

How to Find Cheaper Ford Mustang Insurance

Saving money on Ford Mustang insurance takes avoiding accidents and claims, having a positive credit history, eliminating unnecessary coverage, and consideration of higher deductibles. Shop around at least every other year by getting rate quotes from direct companies like Progressive, GEICO, and Esurance, and also from your local independent and exclusive agents.

The points below are a condensed summary of the car insurance concepts covered in the above illustrations.

  • High-risk drivers with multiple at-fault accidents may pay on average $1,940 more every year to insure a Ford Mustang
  • You may be able to save up to $200 per year just by quoting online well ahead of the renewal date
  • Increasing deductibles can save approximately $700 each year
  • Drivers who may need increased liability limits will pay about $480 every year to raise limits from a minimum limit to the 250/500 level

So, how much is insurance for a Mustang and is insurance on a Mustang expensive? As you’ve learned from the information above, your average Mustang insurance rates depend on many factors, like where you live, your driving record, and even your age.

It will be tougher for younger drivers to receive cheap Ford Mustang car insurance quotes. You should expect insurance on a Mustang for an 18-year-old will be more expensive than for older drivers, such as Mustang insurance for a 22-year-old. 

If you haven’t bought a car yet, shopping around can also help you find out what model year and build is cheapest. For example, you could compare the model years of the 2004, 2012, 2013, and 2019 Mustang GT insurance costs to determine what best fits your budget. 

Alternatively, you could also compare different builds, like the 2016 Mustang GT insurance rates and the 2014 Mustang V6 insurance costs.

No matter what model you choose, the best way to save on your Ford Mustang insurance costs is to shop around. Start comparing Ford Mustang car insurance rates now, just enter your ZIP code in our free tool below.

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What Are the Safety Ratings for the Ford Mustang?

Understanding the Ford Mustang safety ratings and features is a great way to discover car insurance discounts you might qualify for. Insurance companies are also more likely to provide you with cheaper rates if your vehicle comes equipped with reliable safety technology.

Insurance costs can vary depending on the Ford Mustang safety ratings and features. Some of the Ford Mustang’s best safety features include electronic stability control, traction control, lane departure warning, and lane-keeping assist.

Check out the 2021 Ford Mustang Coupe safety ratings below as scored by the Insurance Institute for Highway Safety (IIHS).

  • Small overlap front (driver-side): Acceptable
  • Moderate overlap front: Good
  • Side: Good
  • Roof strength: Good
  • Head restraints and seats: Good

A rating of ‘Good’ is the highest possible standard given by the IIHS. The Ford Mustang crash test ratings are decent, which will reflect positively in your annual insurance premiums. 

Similar to safety tests, insurance providers will also look at the crash test results of your Ford Mustang when calculating your car insurance rates. In the table below, check out different Ford Mustang crash test ratings by model year and trim level as scored by the National Highway Traffic Safety Administration (NHTSA).

Ford Mustang Crash Test Ratings by Model Year and Trim Level
Vehicle TestedOverall RatingFrontal CrashSide CrashRollover
2021 Ford Mustang GT500 2 DR RWD5 stars5 stars5 stars5 stars
2021 Ford Mustang C RWDN/RN/RN/R5 stars
2021 Ford Mustang 2 DR RWD5 stars5 stars5 stars5 stars
2020 Ford Mustang GT350R 2 DR RWD5 stars5 stars5 stars5 stars
2020 Ford Mustang C RWDN/RN/RN/R5 stars
2020 Ford Mustang 2 DR RWD5 stars5 stars5 stars5 stars
2019 Ford Mustang GT350R 2 DR RWD5 stars5 stars5 stars5 stars
2019 Ford Mustang C RWDN/RN/RN/R5 stars
2018 Ford Mustang GT350R 2 DR RWD5 stars5 stars5 stars5 stars
2018 Ford Mustang C RWDN/RN/RN/R5 stars
2018 Ford Mustang 2 DR RWD5 stars5 stars5 stars5 stars
2017 Ford Mustang C RWDN/RN/RN/R5 stars
2017 Ford Mustang C RWDN/RN/RN/R5 stars
2017 Ford Mustang 2 DR RWD5 stars5 stars5 stars5 stars
2016 Ford Mustang C RWDN/RN/RN/R5 stars
2016 Ford Mustang 2 DR RWD5 stars5 stars5 stars5 stars
2016 Ford Mustang 2 DR RWD5 stars5 stars5 stars5 stars
2015 Ford Mustang C RWDN/RN/RN/R5 stars
2015 Ford Mustang 2 DR RWD5 stars5 stars5 stars5 stars
2014 Ford Mustang C RWDN/RN/RN/R5 stars
2014 Ford Mustang 2 DR RWD4 stars4 stars4 stars5 stars
2013 Ford Mustang C RWDN/RN/RN/R5 stars
2013 Ford Mustang 2 DR RWD4 stars4 stars4 stars5 stars
2012 Ford Mustang C RWDN/RN/RN/R5 stars
2012 Ford Mustang 2 DR RWD4 stars4 stars4 stars5 stars
2011 Ford Mustang C RWDN/RN/RN/R5 stars
2011 Ford Mustang 2 DR RWDN/RN/RN/R5 stars

5-stars is the highest score given by the NHTSA. As you can see, of what models were tested, no Ford Mustangs scored below 4 stars, which proves how reliable this car truly is. 

Before you buy Ford Mustang car insurance, keep in mind that crash-test ratings do sometimes vary by model year, which means insurance for a 2014 Ford Mustang may be different in cost than the 2011 Ford Mustang insurance. We always recommend looking up your specific model year for the most accuracy.

Should you Compare the Ford Mustang to Other Vehicles in the Same Car Class?

Comparing the Ford Mustang to similar vehicles can help you save money, especially if it has better insurance loss ratios than other vehicles in the same car class. 

Officially the Insurance Institute for Highway Safety (IIHS) classifies the Ford Mustang as a midsize sports car. Check out the Ford Mustang insurance loss probability details by category in the table below. Keep in mind that higher numbers mean higher insurance rates, and lower numbers mean cheaper insurance rates.

Ford Mustang Insurance Loss Probability
Insurance Coverage CategoryLoss Rate
Collision61%
Property damage25%
Comprehensive19%
Personal injury23%
Medical payment23%
Bodily injury21%

Unfortunately, the Ford Mustang two-door coupe has substantially worse than average collision insurance loss rates, which means purchasing this coverage type for the Mustang might be higher than average. 

The property damage, personal injury, and medical payment loss ratios are also worse than average, once again leading to higher average car insurance rates for these different types of coverages. 

The comprehensive and bodily injury loss ratios, however, fall within the average range. Because this car is also not too large or heavy, it is less likely to do significant damage to other vehicles in a crash. Therefore, the Ford Mustang usually receives normal liability rates. 

Check out other similar midsize sports cars in the list below to see how those car insurance rates compare to the Ford Mustang:

Because the Mustang is also a sports car, expect your insurance premiums to be a little higher than average, especially if you purchase fuller coverage levels. 

Sports cars tempt drivers to take advantage of the smooth, fast speeds, which can be dangerous and put you at a higher risk of getting into an accident and filing a claim. Therefore, sports cars like the Mustang are often placed into a higher risk category by insurance providers than other types of vehicles. 

You are now ready to secure the cheapest Ford Mustang insurance rates possible. Remember, the best Ford Mustang car insurance company will provide you with affordable rates without compromising your coverage needs. 

Ready to start saving on different Ford Mustang model years, such as 2010, 2011, or 2018 Mustang insurance costs? 

Applying what you’ve learned in this guide is easy. Simply enter your ZIP code in our free quote comparison tool to immediately find the best Ford Mustang insurance costs in your area.
References:

  1. https://www.iihs.org/ratings/vehicle/Ford/mustang-2-door-coupe/2021
  2. https://www.nhtsa.gov/vehicle/2020/FORD/MUSTANG/2%252520DR/RWD
  3. https://www.iihs.org/ratings/insurance-losses-by-make-and-model

Rates by Driver Age

Ford Mustang Insurance Rates by Driver Age
Driver Age Premium
16 $6,128
20 $3,832
30 $1,718
40 $1,642
50 $1,502
60 $1,474

Full coverage, $500 deductibles

Rates by Deductible

Ford Mustang Insurance Rates with Different Deductibles
Deductible Premium
$100 $2,098
$250 $1,886
$500 $1,642
$1,000 $1,410

Full coverage, driver age 40

Rates by Liability Limit

Ford Mustang Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,642
50/100 $2,098
100/300 $2,220
250/500 $2,537
100 CSL $2,146
300 CSL $2,415
500 CSL $2,610

Full coverage, driver age 40

Rates for High Risk Drivers

Ford Mustang Insurance Rates for High Risk Drivers
Age Premium
16 $8,766
20 $6,100
30 $3,662
40 $3,578
50 $3,416
60 $3,388

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 $234

Potential Rate Discounts

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

Discount Savings
Multi-policy $88
Multi-vehicle $87
Homeowner $23
5-yr Accident Free $126
5-yr Claim Free $107
Paid in Full/EFT $78
Advance Quote $84
Online Quote $117
Total Discounts $710
Rate after discounts $932

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

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