Ford Mustang Insurance Rates
Enter your zip code below to view companies that have cheap auto insurance rates.
UPDATED: Feb 24, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
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 $1,346 a year for full coverage. Comprehensive costs on average $224 a year, collision costs $418, and liability insurance costs $524. A liability-only policy costs as little as $580 a year, with high-risk insurance costing around $2,928. Teen drivers receive the highest rates at $5,298 a year or more.
Average premium for full coverage: $1,346
Rate estimates by individual coverage type:
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 $580 for only liability insurance to a high of $2,928 for a high risk driver.
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.
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 $788
- Drivers who choose higher $1,000 deductibles will pay around $1,200 a year
- The average rate for a 40-year-old driver with $500 deductibles is $1,346
- Choosing low $100 deductibles for comprehensive and collision insurance will increase the cost to $1,630
- High risk drivers with multiple violations and an at-fault accident could pay upwards of $2,928 or more
- The cost for full coverage for a teen driver may cost $5,298 a year
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 $5,200 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 $890 a year in states like Idaho, Maine, and Iowa, or as much as $1,920 on average in Michigan, Louisiana, and New York.
|State||Premium||Compared to U.S. Avg||Percent Difference|
Choosing high deductibles could save up to $430 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 $522 . 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 132% 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
|Model and Trim||Annual Premium||Monthly Premium|
|Ford Mustang 2-Dr Convertible||$1,148||$96|
|Ford Mustang 2-Dr Coupe||$1,342||$112|
|Ford Mustang GT 2-Dr Convertible||$1,210||$101|
|Ford Mustang GT 2-Dr Coupe||$1,404||$117|
|Ford Mustang Shelby GT500 2-Dr Convertible||$1,362||$114|
|Ford Mustang Shelby GT500 2-Dr Coupe||$1,602||$134|
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.
|Model Year||Comprehensive||Collision||Liability||Total Premium|
|2019 Ford Mustang||$298||$640||$486||$1,604|
|2018 Ford Mustang||$282||$618||$500||$1,580|
|2017 Ford Mustang||$270||$574||$510||$1,534|
|2016 Ford Mustang||$260||$540||$514||$1,494|
|2015 Ford Mustang||$248||$484||$520||$1,432|
|2014 Ford Mustang||$232||$446||$520||$1,378|
|2013 Ford Mustang||$224||$418||$524||$1,346|
|2012 Ford Mustang||$220||$390||$534||$1,324|
|2011 Ford Mustang||$202||$362||$534||$1,278|
|2010 Ford Mustang||$198||$328||$540||$1,246|
|2009 Ford Mustang||$184||$300||$534||$1,198|
|2008 Ford Mustang||$174||$272||$534||$1,160|
|2007 Ford Mustang||$168||$246||$530||$1,124|
|2006 Ford Mustang||$166||$240||$520||$1,106|
|2005 Ford Mustang||$162||$228||$510||$1,080|
|2004 Ford Mustang||$148||$218||$504||$1,050|
|2003 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 $425 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 $580 each year to go from a minimum limit to 250/500 limits
- Young drivers pay the highest rates, costing as high as $442 per month for full coverage
- High-risk drivers that have multiple accidents or serious violations will pay on average $1,580 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.
Compare Quotes From Top Companies and Save Secured with SHA-256 Encryption
Free Car Insurance Comparison
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
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).
|Vehicle Tested||Overall Rating||Frontal Crash||Side Crash||Rollover|
|2021 Ford Mustang GT500 2 DR RWD||5 stars||5 stars||5 stars||5 stars|
|2021 Ford Mustang C RWD||N/R||N/R||N/R||5 stars|
|2021 Ford Mustang 2 DR RWD||5 stars||5 stars||5 stars||5 stars|
|2020 Ford Mustang GT350R 2 DR RWD||5 stars||5 stars||5 stars||5 stars|
|2020 Ford Mustang C RWD||N/R||N/R||N/R||5 stars|
|2020 Ford Mustang 2 DR RWD||5 stars||5 stars||5 stars||5 stars|
|2019 Ford Mustang GT350R 2 DR RWD||5 stars||5 stars||5 stars||5 stars|
|2019 Ford Mustang C RWD||N/R||N/R||N/R||5 stars|
|2018 Ford Mustang GT350R 2 DR RWD||5 stars||5 stars||5 stars||5 stars|
|2018 Ford Mustang C RWD||N/R||N/R||N/R||5 stars|
|2018 Ford Mustang 2 DR RWD||5 stars||5 stars||5 stars||5 stars|
|2017 Ford Mustang C RWD||N/R||N/R||N/R||5 stars|
|2017 Ford Mustang C RWD||N/R||N/R||N/R||5 stars|
|2017 Ford Mustang 2 DR RWD||5 stars||5 stars||5 stars||5 stars|
|2016 Ford Mustang C RWD||N/R||N/R||N/R||5 stars|
|2016 Ford Mustang 2 DR RWD||5 stars||5 stars||5 stars||5 stars|
|2016 Ford Mustang 2 DR RWD||5 stars||5 stars||5 stars||5 stars|
|2015 Ford Mustang C RWD||N/R||N/R||N/R||5 stars|
|2015 Ford Mustang 2 DR RWD||5 stars||5 stars||5 stars||5 stars|
|2014 Ford Mustang C RWD||N/R||N/R||N/R||5 stars|
|2014 Ford Mustang 2 DR RWD||4 stars||4 stars||4 stars||5 stars|
|2013 Ford Mustang C RWD||N/R||N/R||N/R||5 stars|
|2013 Ford Mustang 2 DR RWD||4 stars||4 stars||4 stars||5 stars|
|2012 Ford Mustang C RWD||N/R||N/R||N/R||5 stars|
|2012 Ford Mustang 2 DR RWD||4 stars||4 stars||4 stars||5 stars|
|2011 Ford Mustang C RWD||N/R||N/R||N/R||5 stars|
|2011 Ford Mustang 2 DR RWD||N/R||N/R||N/R||5 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.
|Insurance Coverage Category||Loss Rate|
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.
Rate Tables and Charts
Rates by Driver Age
Full coverage, $500 deductibles
Rates by Deductible
Full coverage, driver age 40
Rates by Liability Limit
Full coverage, driver age 40
Rates for High Risk Drivers
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.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
|5-yr Accident Free||$93|
|5-yr Claim Free||$87|
|Paid in Full/EFT||$56|
Discounts are estimated and may not be available from every company or in every state.
Compare Rates and Save
Find companies with the cheapest rates in your area