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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Written by Jeffrey Johnson
Insurance Lawyer Jeffrey Johnson

UPDATED: Jun 27, 2022

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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 $1,378 a year for full coverage. Comprehensive costs on average $232 a year, collision costs $446, and liability insurance costs $520. A liability-only policy costs as little as $576 a year, with high-risk insurance costing around $2,998. Teen drivers receive the highest rates at $5,396 a year or more.

Average premium for full coverage: $1,378

Rate estimates by individual coverage type:

Comprehensive $232
Collision $446
Liability $520

Rates include $500 deductibles, 30/60 liability limits, and includes uninsured motorist coverage. Rates are averaged for all states and Mustang trim levels.

Price Range by Coverage and Risk

For a middle-aged driver, prices range go from as low as $576 for only liability insurance to a high of $2,998 for a high risk driver.

Liability Only $576
Full Coverage $1,378
High Risk $2,998

Price Range by Location

Your location has a significant impact on car insurance rates. Rural areas tend to have a lower frequency of accident claims than larger metro areas.

The diagram below illustrates the effect of location on car insurance rates.

Rural Areas $1,034
Small Cities $1,447
Large Cities $1,860

These examples show why it is important to compare rates based on a specific location and risk profile, 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.

Insurance Rate Analysis

The chart below shows estimated Ford Mustang insurance rates for different risk profiles and scenarios.

  • The lowest rate with discounts is $804
  • Drivers who choose higher $1,000 deductibles will pay around $1,224 a year
  • The average rate for a 40-year-old driver with $500 deductibles is $1,378
  • Choosing low $100 deductibles for comprehensive and collision insurance will increase the cost to $1,678
  • High risk drivers with multiple violations and an at-fault accident could pay upwards of $2,998 or more
  • The cost for full coverage for a teen driver may cost $5,396 a year

View Chart as Image

Ford Mustang insurance cost comparison chart
Column chart showing full coverage Ford Mustang insurance rates range from $804 to $5,396

for a Ford Mustang can also vary considerably based on your driver profile, the trim level of your Mustang, and policy deductibles and limits.

Older drivers and high deductibles could pay as little as $1,300 per year on average for full coverage. Rates are highest for teen drivers, where even good drivers upwards of $5,300 a year. View Rates by Age

Where you live makes a big difference in Ford Mustang insurance rates. A 40-year-old driver could pay as low as $910 a year in states like Idaho, Maine, and Iowa, or as much as $1,970 on average in Michigan, Louisiana, and New York.

Ford Mustang Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,244 -$134 -9.7%
Alaska $1,056 -$322 -23.4%
Arizona $1,146 -$232 -16.8%
Arkansas $1,378 -$0 0.0%
California $1,570 $192 13.9%
Colorado $1,314 -$64 -4.6%
Connecticut $1,416 $38 2.8%
Delaware $1,560 $182 13.2%
Florida $1,722 $344 25.0%
Georgia $1,272 -$106 -7.7%
Hawaii $990 -$388 -28.2%
Idaho $934 -$444 -32.2%
Illinois $1,026 -$352 -25.5%
Indiana $1,040 -$338 -24.5%
Iowa $932 -$446 -32.4%
Kansas $1,308 -$70 -5.1%
Kentucky $1,878 $500 36.3%
Louisiana $2,040 $662 48.0%
Maine $850 -$528 -38.3%
Maryland $1,136 -$242 -17.6%
Massachusetts $1,100 -$278 -20.2%
Michigan $2,390 $1,012 73.4%
Minnesota $1,154 -$224 -16.3%
Mississippi $1,650 $272 19.7%
Missouri $1,222 -$156 -11.3%
Montana $1,478 $100 7.3%
Nebraska $1,088 -$290 -21.0%
Nevada $1,652 $274 19.9%
New Hampshire $994 -$384 -27.9%
New Jersey $1,540 $162 11.8%
New Mexico $1,218 -$160 -11.6%
New York $1,452 $74 5.4%
North Carolina $794 -$584 -42.4%
North Dakota $1,128 -$250 -18.1%
Ohio $950 -$428 -31.1%
Oklahoma $1,414 $36 2.6%
Oregon $1,262 -$116 -8.4%
Pennsylvania $1,312 -$66 -4.8%
Rhode Island $1,838 $460 33.4%
South Carolina $1,248 -$130 -9.4%
South Dakota $1,162 -$216 -15.7%
Tennessee $1,204 -$174 -12.6%
Texas $1,658 $280 20.3%
Utah $1,018 -$360 -26.1%
Vermont $942 -$436 -31.6%
Virginia $826 -$552 -40.1%
Washington $1,064 -$314 -22.8%
West Virginia $1,262 -$116 -8.4%
Wisconsin $954 -$424 -30.8%
Wyoming $1,226 -$152 -11.0%

View Chart as Image

Ford Mustang insurance rates by U.S. city

Choosing high deductibles could save up to $460 each year, while buying higher liability limits will cost you more. Going from a 50/100 limit to a 250/500 limit will cost as much as $516 . View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you could be paying at a minimum $1,600 to $2,300 per year, depending on your age. A high-risk auto insurance policy can cost anywhere from 43% to 129% more than average. View High Risk Driver Rates

With so much variability in rates, the only way to know exactly what you will pay is to get quotes from as many companies as possible. Every company uses a different rate calculation, can be significantly different from one company to the next.

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 $1,174 $98
Ford Mustang 2-Dr Coupe $1,368 $114
Ford Mustang GT 2-Dr Convertible $1,240 $103
Ford Mustang GT 2-Dr Coupe $1,432 $119
Ford Mustang Shelby GT500 2-Dr Convertible $1,400 $117
Ford Mustang Shelby GT500 2-Dr Coupe $1,642 $137

Rates assume 2013 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
2019 Ford Mustang $308 $668 $470 $1,626
2018 Ford Mustang $298 $640 $486 $1,604
2017 Ford Mustang $282 $618 $500 $1,580
2016 Ford Mustang $270 $574 $510 $1,534
2015 Ford Mustang $260 $540 $514 $1,494
2014 Ford Mustang $248 $484 $520 $1,432
2013 Ford Mustang $232 $446 $520 $1,378
2012 Ford Mustang $224 $418 $524 $1,346
2011 Ford Mustang $220 $390 $534 $1,324
2010 Ford Mustang $202 $362 $534 $1,278
2009 Ford Mustang $198 $328 $540 $1,246
2008 Ford Mustang $184 $300 $534 $1,198
2007 Ford Mustang $174 $272 $534 $1,160
2006 Ford Mustang $168 $246 $530 $1,124
2005 Ford Mustang $166 $240 $520 $1,106
2004 Ford Mustang $162 $228 $510 $1,080
2003 Ford Mustang $148 $218 $504 $1,050
2002 Ford Mustang $144 $206 $500 $1,030

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 not only requires being a safe driver, but also maintaining good credit, eliminating unneeded coverage, and bundling your home and auto policies. Take the time to shop around at least every two years by getting price quotes from direct carriers like GEICO and Progressive, and also from your local insurance agents.

Here is a summary of the information that was covered in this article.

  • Increasing deductibles can save around $450 each year
  • Drivers can save as much as $160 per year simply by quoting early and online
  • Drivers who require more liability insurance will pay about $570 each year to go from a minimum limit to 250/500 limits
  • Young drivers pay the highest rates, costing as high as $450 per month for full coverage
  • High-risk drivers that have multiple accidents or serious violations will pay on average $1,620 more each year for insurance

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
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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%
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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 $5,396
20 $3,202
30 $1,418
40 $1,378
50 $1,264
60 $1,240

Full coverage, $500 deductibles

Rates by Deductible

Ford Mustang Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,678
$250 $1,538
$500 $1,378
$1,000 $1,224

Full coverage, driver age 40

Rates by Liability Limit

Ford Mustang Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,378
50/100 $1,757
100/300 $1,900
250/500 $2,273
100 CSL $1,814
300 CSL $2,130
500 CSL $2,360

Full coverage, driver age 40

Rates for High Risk Drivers

Ford Mustang Insurance Rates for High Risk Drivers
Age Premium
16 $7,664
20 $5,108
30 $3,044
40 $2,998
50 $2,866
60 $2,840

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 $194

Potential Rate Discounts

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

Discount Savings
Multi-policy $72
Multi-vehicle $75
Homeowner $22
5-yr Accident Free $96
5-yr Claim Free $89
Paid in Full/EFT $58
Advance Quote $66
Online Quote $96
Total Discounts $574
Rate after discounts $804

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

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