How Much are Ford Mustang Insurance Rates?

How much is insurance for a Mustang? Well, Ford Mustang insurance rates are $139 per month on average. Lower your Ford Mustang insurance policy costs by maintaining a good driving record and taking younger drivers off your policy as Ford Mustang insurance for 17-year-olds can be more expensive. Start comparing any Ford Mustang insurance quotes online now with our free tool below to find the best Ford Mustang insurance coverage in your state.

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Rachel Bodine graduated from college with a BA in English. She has since worked as a Feature Writer in the insurance industry and gained a deep knowledge of state and countrywide insurance laws and rates. Her research and writing focus on helping readers understand their insurance coverage and how to find savings. Her expert advice on insurance has been featured on sites like PhotoEnforced, All...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insurance...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Aug 17, 2021

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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 around $147 more per year than the average vehicle with full coverage costing around $1,666 a year or $139 a month. The highest car insurance rate is for teens who will spend around $6,089 a year or $507 a month.

Good drivers can save up to $687 a year in policy discounts by staying safe and courteous while out on the roadways. 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 car insurance rates are $1,666 a year or $139 a month.

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Are Ford Mustangs Expensive to Insure?

Before you ask “ why did my car insurance go up,” the chart below details how Ford Mustang insurance rates compare to other sports cars like the Audi TT RS, Audi RS 7, and Porsche 718 Boxster.

Vehicle Comprehensive Collision Liability Total
Ford Mustang $348 $718 $420 $1,666
Audi TT RS $420 $774 $338 $1,668
Audi RS 7 $532 $1,102 $398 $2,190
Porsche 718 Boxster $444 $952 $338 $1,870
Audi TTS $394 $714 $338 $1,582
Chevrolet Camaro $348 $594 $372 $1,472
Cadillac ATS-V $406 $834 $398 $1,796
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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 car 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 policy cost is $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
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Driver Age

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.

Driver Location

Where you live can have a large impact on Ford Mustang insurance rates. For example, drivers in Jacksonville may pay $1,000 a year more than drivers in Indianapolis.

Your Driving Record

Your driving record can have an impact on your Ford Mustang auto insurance rate. 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:

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
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Ford Mustang Crash Test Ratings

Ford Mustang GT crash test ratings will affect your Ford Mustang car 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
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Ford Mustang Safety Features

Good Ford Mustang safety features can result in insurers giving you car insurance discounts. The safety features for the 2020 Ford Mustang are:

  • 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 probability varies for each form of coverage. The lower percentage means lower Ford Mustang auto insurance rates; higher percentages mean higher Ford Mustang car insurance rates.

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
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Ford Mustang Finance and Insurance Cost

If you are financing a Ford Mustang, you will pay more if you purchase Ford Mustang car insurance at the dealership, so be sure to shop around and compare Ford Mustang car insurance quotes from the best companies using our FREE tool below.

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Ways to Save on Ford Mustang Insurance

You have more options at your disposal to save money on your Ford Mustang car insurance costs. For example, try these five tips:

  • Avoid the Temptation to File a Claim for Minor Incidents
  • Move to an Area with Better Weather
  • Spy on Your Teen Driver
  • Ask About Ford Mustang Discounts If You Were Listed on Someone Else’s Policy
  • Check Your Ford Mustang Policy Carefully to Ensure All Information is Correct

Top Ford Mustang Insurance Companies

Who is the top car insurance company or car insurance provider for Ford Mustang insurance rates? While the actual auto insurance rates you pay will depend on many factors, here are some of the biggest insurance companies in the US 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
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