Ford Mustang Auto Insurance (2024)
If you want to buy Ford Mustang insurance coverage then a policy will cost $139 per month ($1,666 per year) on average. Finding Ford Mustang teenager insurance rates can cost on average $6,089 a year, so shop around to find cheap coverage.
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Daniel Walker
Licensed Auto Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Auto Insurance Agent
UPDATED: Jun 22, 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 auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our 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.
UPDATED: Jun 22, 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 auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our 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.
On This Page
Key takeaways:
- Full coverage costs around $1,666 a year or $139 each month
- A liability-only policy costs around $668 a year or $56 each month
- Highest rates are for teenage drivers at around $6,089 a year or $507 each month
- Good drivers can save as much as $687 a year by earning policy discounts
- Ford Mustang insurance costs around $147 more per year than the average vehicle
Ford Mustang insurance rates are about $147 more yearly than the average vehicle with full coverage costing about $1,666 a year or $139 a month.
Good drivers are eligible for up to $687 a year in policy discounts by practicing safe driving habits. We’re going to take a quick look at Ford Mustang insurance rates, crash test ratings, and more.
You can start comparing quotes for Ford Mustang car insurance rates from some of the best car insurance companies by using our free online tool now.
Ford Mustang Insurance Cost
The average Ford Mustang auto insurance costs are $1,666 a year or $139 a month.
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Are Ford Mustangs Expensive to Insure?
The chart below details how Ford Mustang insurance rates compare to other sports cars like the Audi R8, Porsche 911, and Cadillac ATS-V.
| Vehicle | Comprehensive | Collision | Liability | Total |
| Ford Mustang | $348 | $718 | $420 | $1,666 |
| Audi R8 | $594 | $1,338 | $398 | $2,488 |
| Porsche 911 | $482 | $1,042 | $398 | $2,080 |
| Cadillac ATS-V | $406 | $834 | $398 | $1,796 |
| Jaguar F-TYPE | $508 | $1,102 | $398 | $2,166 |
| Audi TT RS | $420 | $774 | $338 | $1,668 |
| Chevrolet Camaro | $348 | $594 | $372 | $1,472 |
However, there are a few things you can do to find the cheapest Ford insurance rates online.
What Impacts the Cost of Ford Mustang Insurance?
The Ford Mustang trim and model you choose can impact the total price you will pay for Ford Mustang insurance coverage.
Age of the Vehicle
Older Ford Mustang models generally cost less to insure. For example, auto insurance for a 2020 Ford Mustang costs $1,666, while 2010 Ford Mustang insurance costs are $1,346, a difference of $320.
| Model Year | Comprehensive | Collision | Liability | Total |
| 2020 Ford Mustang | $348 | $718 | $420 | $1,666 |
| 2019 Ford Mustang | $332 | $690 | $440 | $1,642 |
| 2018 Ford Mustang | $320 | $686 | $450 | $1,636 |
| 2017 Ford Mustang | $308 | $668 | $470 | $1,626 |
| 2016 Ford Mustang | $298 | $640 | $486 | $1,604 |
| 2015 Ford Mustang | $282 | $618 | $500 | $1,580 |
| 2014 Ford Mustang | $270 | $574 | $510 | $1,534 |
| 2013 Ford Mustang | $260 | $540 | $514 | $1,494 |
| 2012 Ford Mustang | $248 | $484 | $520 | $1,432 |
| 2011 Ford Mustang | $232 | $446 | $520 | $1,378 |
| 2010 Ford Mustang | $224 | $418 | $524 | $1,346 |
Driver Age
Driver age can have a significant impact on Ford Mustang auto insurance rates. For example, 20-year-old drivers pay approximately $2,038 more each year for their Ford Mustang auto insurance than 30-year-old drivers.
Driver Location
Where you live can have a large impact on Ford Mustang insurance rates. For example, drivers in New York may pay $433 a year more than drivers in Chicago.
Your Driving Record
Your driving record can have an impact on the cost of Ford Mustang car insurance. Teens and drivers in their 20’s see the highest jump in their Ford Mustang car insurance with violations on their driving record.
Ford Mustang Safety Ratings
The Ford Mustang’s safety ratings will affect your Ford Mustang car insurance rates. See the chart below:
| Test Type | Rating |
| Small overlap front: driver-side | Acceptable |
|---|---|
| Small overlap front: passenger-side | Not Tested |
| Moderate overlap front | Good |
| Side | Good |
| Roof strength | Good |
| Head restraints and seats | Good |
| Source: Insurance Institute for Highway Safety | |
Ford Mustang Crash Test Ratings
Not only do good Ford Mustang crash test ratings mean you are better protected in a crash, but good Ford Mustang crash ratings also mean cheaper insurance rates.
| Vehicle Tested | Overall | Frontal | Side | Rollover |
| 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 |
| 2019 Ford Mustang 2 DR RWD | 5 stars | 5 stars | 5 stars | 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 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 |
| 1-5 Star Rating Scale, N/R = No Rating | Source: National Highway Traffic Safety Administration | ||||
|---|---|---|---|---|
Ford Mustang Safety Features
The more safety features you have on your Ford Mustang, the more likely it is that you can earn a discount. The Ford Mustang’s safety features include:
- Driver Air Bag
- Passenger Air Bag
- Front Head Air Bag
- Rear Head Air Bag
- Front Side Air Bag
- 4-Wheel ABS
- 4-Wheel Disc Brakes
- Brake Assist
- Electronic Stability Control
- Daytime Running Lights
- Traction Control
- Lane Departure Warning
- Lane Keeping Assist
Ford Mustang Insurance Loss Probability
Review the Ford Mustang car insurance loss probability rates for collision, property damage, comprehensive, PIP, MedPay, and bodily injury. The lower percentage means lower Ford Mustang auto insurance costs; higher percentages mean higher Ford Mustang auto insurance costs.
| Insurance Coverage Category | Loss Rate |
| Collision | 75% |
|---|---|
| Property Damage | -20% |
| Comprehensive | 31% |
| Personal Injury | 9% |
| Medical Payment | 36% |
| Bodily Injury | 17% |
| Source: Insurance Institute for Highway Safety | |
Ford Mustang Finance and Insurance Cost
If you are financing a Ford Mustang, most lenders will require your carry higher Ford Mustang coverages including comprehensive coverage, so be sure to compare Ford Mustang car insurance rates from the best companies using our FREE tool below.
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Ways to Save on Ford Mustang Insurance
You can save more money on your Ford Mustang auto insurance rates by employing any of the following five strategies.
- Ask Your Insurance Company About Ford Mustang Discounts
- Re-Check Ford Mustang Quotes Every 6 Months
- Check the Odometer on Your Ford Mustang
- Get Married and Ask for a Discount
- Ask About Usage-Based Insurance for Your Ford Mustang
Top Ford Mustang Insurance Companies
Who is the top auto insurance company for Ford Mustang insurance rates? While the actual rates you pay will depend on many factors, here are some of the top companies offering Ford Mustang auto insurance coverage (ordered by market share). Many of these companies offer discounts for security systems and other safety features that the Ford Mustang offers.
| Rank | Company | Volume | Market Share |
| 1 | State Farm | $65,615,190 | 9.3% |
| 2 | Geico | $46,106,971 | 6.6% |
| 3 | Progressive | $39,222,879 | 5.6% |
| 4 | Liberty Mutual | $35,600,051 | 5.1% |
| 5 | Allstate | $35,025,903 | 5.0% |
| 6 | Travelers | $28,016,966 | 4.0% |
| 7 | USAA | $23,483,080 | 3.3% |
| 8 | Chubb | $23,388,385 | 3.3% |
| 9 | Farmers | $20,643,559 | 2.9% |
| 10 | Nationwide | $18,442,145 | 2.6% |
| Source: Insurance Information Institute | |||
Compare Free Ford Mustang Insurance Quotes Online
You can start comparing quotes for Ford Mustang auto insurance rates from some of the best auto insurance companies by using our free online tool now.
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
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Frequently Asked Questions
How much does Ford Mustang auto insurance cost?
On average, Ford Mustang auto insurance costs around $1,666 per year or $139 per month.
Are Ford Mustangs expensive to insure?
Compared to other sports cars like the Audi R8, Porsche 911, and Cadillac ATS-V, Ford Mustang insurance rates are relatively affordable.
What factors impact the cost of Ford Mustang insurance?
Several factors can influence the cost of Ford Mustang insurance, including the age of the vehicle, driver age, driver location, and driving record.
Does the age of the vehicle affect Ford Mustang insurance rates?
Generally, older Ford Mustang models have lower insurance costs compared to newer models. For example, a 2020 Ford Mustang may cost $1,666 to insure, while a 2010 Ford Mustang may cost $1,346.
Are there any specific discounts available for Ford Mustang insurance?
Yes, many insurance companies offer discounts for Ford Mustang insurance. Some common discounts include safe driver discounts, multi-policy discounts (combining auto and home insurance), anti-theft device discounts, and good student discounts (for students with good grades).
Can I transfer my current insurance policy to a new Ford Mustang?
Yes, you can usually transfer your current insurance policy to a new Ford Mustang. However, it’s important to notify your insurance company and provide them with the necessary information about the new vehicle to ensure proper coverage.
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
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Daniel Walker
Licensed Auto Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Auto Insurance Agent
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.