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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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UPDATED: Apr 30, 2020

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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 prices near you, simply enter your ZIP code into our free quote tool above to get started.

The average insurance rates for a Ford Mustang are $1,642 a year including full coverage. Comprehensive costs on average $332, collision insurance costs $690, and liability is estimated at $440. A liability-only policy costs approximately $510 a year, and high-risk insurance costs around $3,578. Teen drivers cost the most to insure at up to $6,128 a year.

Average premium for full coverage: $1,642

Policy rates by type of insurance:

Comprehensive $332
Collision $690
Liability $440

Rate estimates include $500 deductibles, 30/60 liability limits, and includes uninsured motorist coverage. Prices are averaged for all 50 U.S. states and for different Mustang trim levels.

Price Range Variability

For an average driver, Ford Mustang insurance rates range from as low as $510 for only liability insurance to a much higher rate of $3,578 for a driver required to buy high-risk insurance.

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

Urban vs. Rural Price Range

Living in a larger city can have significant affects on car insurance rates. Rural areas are shown to have a lower frequency of comprehensive and collision claims than larger metro areas. The price range example below illustrates the effect of geographic area on car insurance rates.

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

The examples above highlight why anyone shopping for car insurance should get quotes based on a specific location and risk profile, instead of using 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 breaks down average Ford Mustang insurance rates for different risk profiles and scenarios.

  • The lowest rate with discounts is $932
  • Choosing higher $1,000 deductibles can save around $232 every year
  • The average rate for a good driver age 40 with $500 deductibles is $1,642
  • Choosing more expensive low deductibles for comp and collision coverage will increase the cost to $2,098
  • Unlucky drivers with multiple violations and an at-fault accident could pay upwards of $3,578
  • Policy cost for full coverage for a teen driver with full coverage may cost $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 also range considerably based on your risk profile, the model of your Mustang, and policy deductibles and limits.

An older driver with no driving violations and high deductibles may pay as little as $1,500 annually on average, or $125 per month, for full coverage. Rates are highest for teenagers, where even good drivers will be charged upwards of $6,100 a year. View Rates by Age

Your home state plays a big part in determining prices for Ford Mustang insurance prices. A good driver about age 40 could pay as low as $1,260 a year in states like Missouri, New Hampshire, and Vermont, or as much as $2,340 on average in Michigan, New York, and Louisiana.

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 every year, while increasing your policy's liability limits will cost you more. Changing from a 50/100 limit to a 250/500 limit will raise rates by up to $439 extra every 12 months. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you are likely paying at a minimum $2,000 to $2,700 extra every year, depending on your age. High-risk driver insurance ranges as much as 44% to 136% more than average. View High Risk Driver Rates

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 2020 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
2020 Ford Mustang $332 $690 $440 $1,642
2019 Ford Mustang $320 $686 $450 $1,636
2018 Ford Mustang $308 $668 $470 $1,626
2017 Ford Mustang $298 $640 $486 $1,604
2016 Ford Mustang $282 $618 $500 $1,580
2015 Ford Mustang $270 $574 $510 $1,534
2014 Ford Mustang $260 $540 $514 $1,494
2013 Ford Mustang $248 $484 $520 $1,432
2012 Ford Mustang $232 $446 $520 $1,378
2011 Ford Mustang $224 $418 $524 $1,346
2010 Ford Mustang $220 $390 $534 $1,324
2009 Ford Mustang $202 $362 $534 $1,278
2008 Ford Mustang $198 $328 $540 $1,246
2007 Ford Mustang $184 $300 $534 $1,198
2006 Ford Mustang $174 $272 $534 $1,160
2005 Ford Mustang $168 $246 $530 $1,124
2004 Ford Mustang $166 $240 $520 $1,106
2003 Ford Mustang $162 $228 $510 $1,080
2002 Ford Mustang $148 $218 $504 $1,050
2001 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 the Best Ford Mustang Insurance

Finding cheaper rates on car insurance takes being a safe driver, having above-average credit, paying for small claims out-of-pocket, and possibly raising deductibles. Take the time to compare rates at every policy renewal by obtaining price quotes from direct car insurance companies like GEICO, Progressive, and Esurance, and also from local exclusive and independent agents.

Here is a brief recap of the data covered in the above illustrations.

  • Policyholders who require more liability insurance will pay about $480 per year to raise limits from a 30/60 limit to 250/500 limits
  • You may be able to save as much as $200 per year just by shopping early and online
  • Increasing comprehensive and collision deductibles can save around $700 each year
  • Young drivers are expensive to insure, with premiums being up to $511 each month if full coverage is included

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 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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