Ford Mustang vs. Chevrolet Camaro Auto Insurance (2024)

The question of the cost of Ford Mustang insurance vs Chevy Camaro insurance is very intriguing, especially since they are both all-American muscle cars that have long histories.

Most people who purchase either have very strong opinions regarding their preference.

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If you think about the type of vehicle that has a powerful engine, durable craftsmanship wrapped in a sleek design, you cannot help but conjure thoughts of the Mustang and Camaro.

For decades these sports machines have dominated the roads with speed and dramatic appearance and it makes sense that anyone who has one takes pride in ownership. Unfortunately, the costs can intimidate many.

These vehicles can have varying sticker prices as well as high insurance rates.

 However, if you can manage your finances appropriately, you may find the expense of insuring these cars is not as challenging as you feared.

You will need to find the right balance between standard and optional features to receive a fair rate.

In reviewing the similarities between the Mustang and Camaro, you should first start with the suggested retail price for the basic models.

Both have several sub-models to choose from and this can increase the costs dramatically.

On the other hand, the car insurance industry also considers their safety and security features when calculating annual rates.

Read More: Chevrolet Auto Insurance

Average Annual Cost for Car Insurance

The 2012 base model Ford Mustang has a retail price of approximately $22,200. The cost to insure this vehicle is around $1,432 per year.

However, there are seven sub-models, including the more popular GT, Boss, Premium, and GT Premium. There are also convertible options.

The most expensive is the Boss 302 2-door coupe with a V8 engine starting at $40,310.

Since the model types and prices vary, so will car insurance rates. You must prepare yourself for this situation by using the cost for the base model as a comparison tool.

In addition to the value of the vehicle, the auto insurance industry uses other factors. Your rates could be lower or in reality, substantially higher.

The 2012 Chevrolet Camaro also has different sub-models, but not as many as the Mustang. Nevertheless, the retail prices are even higher.

The base model coupe begins at $23,280, while the convertible costs $30,180. Finally, the supercharged, high-performance ZL1 starts as high as $54,095.

As with the Mustang, the insurance prices can be steep. However, although the Camaro base model is over $1,000 more from a retail perspective, the annual insurance rate is actually less at $1,350.

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Safety Ratings

When studying the results for both the Ford Mustang and the Chevrolet Camaro it is clear that the Camaro outshines the Mustang in overall safety.

Perhaps this is why the auto insurance rates are lower on the Camaro.

The report reveals three key areas including rollover, side, and frontal crash statistics.

They grade each area with a number of stars, with five having the best scores. According to their data, the 2012 Chevrolet Camaro two-door coupe received a total of five stars in each category.

The 2012 Ford Mustang two-door coupe received four stars in frontal and side crash scores and five stars in the rollover class.

Unfortunately, because of the four stars in two groups, the Ford Mustang only received an overall score of four, while the Camaro reached the top, acquiring five.

The National Highway Traffic Safety Administration, explains how rollover crashes contribute to approximately 2.7 percent of all fatal injuries.

Unfortunately, scoring high in this area was not sufficient to raise the complete rating of the Ford Mustang.

It seems that this manufacturer should continue to focus on improving in the area of side and front impact crashes. If they are diligent, maybe future scores will reflect their efforts.

Specific Safety Features

The designers of the 2012 Chevy Camaro placed a high priority on safety in ways to protect you before an accident occurs, during the collision and immediately following any type of crash.

Proactive measures include Traction Control and StabilitiTrak, a patented technological advance that activates when an accident is foreseeable.

The system works with the anti-lock brakes as crash avoidance. In the event that the car detects any differences in steering, it keeps your car on track by utilizing the braking system to adjust the speed.

The vehicle also has a built-in Driver Information Center or DIC, which acts as an early warning system with alerts for blind zones, frontal impacts and lane departures.

Although the Camaro is small in size, the interior has a special safety cage that comes complete with side door impact mechanisms made from solid, reinforced steel.

This acts as a crumple zone to absorb most of the energy relating to the crash, thus cushioning the blow.

In addition to the adjustable seat belts and air bags, the vehicle has passenger sensors, which deploy side and head air bags even when the computer perceives the possibility of a rollover.

If an accident occurs, the OnStar Crash Response System (OCR) sends alerts automatically. This helps first responders locate and attend to any victims quickly and efficiently.

The 2012 Ford Mustang has very impressive safety features too. However, the carmakers still have a ways to go to meet Chevy’s high standards.

For example, it uses front and side impact air bags to help keep the driver and passengers safe as well as an occupancy sensor.

This allows for deployment but only when necessary. The seatbelts have pre-tensioners, which make the fit ultra-snug and the standard ABS with Traction Control help keep the vehicle on a steady path while maneuvering difficult terrain.

The tire pressure system alerts the driver to ensure proper inflation levels. This prevents blowouts and skidding, which often leads to severe accidents. The remaining features like parking assistance and daytime lights are optional.

Security Measures

Once again, the Chevy Camaro outshines the Ford Mustang in standard security measures. The 2012 model has basic features such as remote controlled door locks, a panic alarm, and

The 2012 model has basic features such as remote controlled door locks, a panic alarm, and theft deterrent system.

The ignition disablement feature works with a two-stage door unlock program to keep thieves away as well.

What advances their security is TheftLock, which is a radio-based theft deterrent and a tracking device. Also by using OnStar, the driver has stolen vehicle help.

The 2012 Mustang has a standard alarm system with SecuriLock, which acts as an anti-theft device. The vehicle also comes with a remote controlled key lock entry system.

The remaining security features, like the advanced security package, are optional.

This package contains a wheel-locking kit and an anti-theft system that is active, not passive.

It detects intruders, rather than warns them away with an alarm. It also shuts down the entire electrical system, making a quick getaway impossible.

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Ways to Reduce Insurance Rates

If you want ways to reduce your premiums before you purchase your Mustang or Camaro, you will need to do some calculations. Since you know how they both vary in price, safety, and security, you are well equipped to make some decisions.

Since you know how they both vary in price, safety, and security, you are well equipped to make some decisions.

To make sure you receive the best rate possible, you may need to spend more when acquiring the car. This means, think about the sub-models above the base type.

Although the price will go higher, chances are, your insurance rates can remain comparable because of the standard safety features.

Whenever you purchase the basic model of any vehicle, you may not receive as many features. Of course, they make them available, but you will pay for them separately. This can actually cost you more than if you had simply selected a different model type.

Even if you choose something a few thousand dollars more, you could save money because most of the optional features are now standard.

If you plan to finance the vehicle, the additional price of the car may only amount to a few extra dollars in your monthly payment.

If you want to save on your annual premium, it is something you should at least think over. Once you understand how the car insurance company applies rates relating to your vehicle, you may decide it is worth the added expense.

Choosing Between the Mustang and Camaro

When considering the purchase of either a Ford Mustang or a Chevy Camaro, you probably already have your mind made up because of your passion for one or the other.

Most people who buy these cars do so because they love specific features. They may have watched how the exterior designs changed over the years, or they have a fondness for classics.

Of course, speed and appearance play a role too.

Therefore, it may not be too challenging to select your vehicle and accept the financial obligations you face. However, a smart consumer will always look for ways to save money while getting a great value.

No doubt, the Mustang and Camaro fit into a specific mold for a particular car buyer and this is unlikely to change. Each one continues to evolve and transform every year. It is inevitable that both cars will remain a part of American culture well into the next century.

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