UPDATED: Jul 31, 2020
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- 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 can be more expensive. Ford Mustang insurance costs around $147 more per year than the average vehicle. Read our comprehensive guide to learn what you can do to keep insurance rates for a Ford Mustang reasonable.
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.
Are Ford Mustangs Expensive to Insure?
The chart below details how Ford Mustang insurance rates compare to other sports cars like the Audi TTS, Audi TT RS, and Porsche 718 Boxster.
|Audi TT RS||$420||$774||$338||$1,668|
|Porsche 718 Boxster||$444||$952||$338||$1,870|
|Audi RS 7||$532||$1102||$398||$2,190|
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?
You might have noticed that there is a multitude of factors that impact Ford Mustang car insurance rates. Your age, location, driving record, and model year all play a role in what you will ultimately pay to insure the Ford Mustang.
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.
|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 can have a significant effect on Ford Mustang car insurance rates. For example, 20-year-old drivers pay $2,038 more for their Ford Mustang car insurance each year than 30-year-old drivers.
Where you live can have a large impact on Ford Mustang insurance rates. For example, drivers in Los Angeles may pay $1,433 a year more than drivers in Indianapolis.
Your Driving Record
Your driving record can have an impact on the cost of Ford Mustang auto 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
Your Ford Mustang auto insurance rates are tied to the Ford Mustang’s safety ratings. See the breakdown below:
|Small overlap front: driver-side||Acceptable|
|Small overlap front: passenger-side||Not Tested|
|Moderate overlap front||Good|
|Head restraints and seats||Good|
|Source: Insurance Institute for Highway Safety|
Ford Mustang Crash Test Ratings
Poor Ford Mustang crash test ratings could mean higher Ford Mustang car insurance rates.
|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 numerous safety features of the Ford Mustang help contribute to lower insurance rates. The 2020 Ford Mustang has the following safety features:
- 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
The Ford Mustang’s insurance loss ratio varies between different coverage types. While some types of insurance loss ratios are higher for the Ford Mustang, others are more favorable and lead to lower insurance rates.
|Insurance Coverage Category||Loss Rate|
|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 coverage options including comprehensive coverage, so be sure to shop around and compare Ford Mustang auto insurance rates from the best companies using our FREE tool below.
Ways to Save on Ford Mustang Insurance
Save more on your Ford Mustang car insurance rates. Take a look at the following five strategies that will get you the best Ford Mustang auto insurance rates possible.
- Consider Ride Sharing Services to Lower Your Ford Mustang Mileage
- Compare Ford Mustang Quotes for Free Online
- Pay Your Ford Mustang Insurance Upfront
- Purchase a Roadside Assistance Program for Your Ford Mustang
- Take Advantage of Referral Fees
Top Ford Mustang Insurance Companies
Who is the top car 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.
|Source: Insurance Information Institute|
Compare Free Ford Mustang Insurance Quotes Online
Start comparing Ford Mustang car insurance quotes for free by using our convenient online comparison tool.