Ford Mustang 2-Dr Convertible Insurance Rates

The average insurance rates for a Ford Mustang 2-Dr Convertible are $1,410 a year including full coverage. Comprehensive costs an estimated $284 each year, collision costs $604, and liability costs around $364. Liability-only insurance costs as low as $430 a year, with high-risk driver insurance costing around $3,070. Teenage drivers cost the most to insure at $5,256 a year or more.

Annual premium for full coverage: $1,410

Policy rates broken down by individual coverage:

40-year-old driver, full coverage with $500 deductibles, and good driving record

Price Range for Insurance for this Ford Mustang Trim Level

Urban vs. Rural Price Range

Where you live can make a big difference on the price of auto insurance. More rural locations are shown to have a lower frequency of comprehensive and collision claims than densely populated cities.

The graphic below illustrates how rural and urban location affects insurance prices.

These price differences highlight why all drivers should compare prices for a targeted area and risk profile, instead of making a decision based on average rates.

Use the form below to get rates for your location.

Auto insurance rates for a Ford Mustang 2-Dr Convertible also range considerably based on your risk profile, the replacement cost of your Mustang, and liability limits and deductibles.

More mature drivers with a good driving record and high deductibles may pay as low as $1,300 a year, or $108 per month, for full coverage. Rates are much higher for teenagers, where even good drivers will have to pay at least $5,200 a year. View Rates by Age

Your home state has a huge impact on Ford Mustang 2-Dr Convertible insurance prices. A driver around age 40 might see rates as low as $1,060 a year in states like North Carolina, Indiana, and , or be forced to pay as much as $1,950 on average in Louisiana, Montana, and Michigan. Rates by state and city are shown later in the article.

Using high physical damage deductibles could cut rates by as much as $600 annually, whereas increasing liability limits will increase premiums. Changing from a 50/100 limit to a 250/500 limit will raise rates by up to $327 extra every year. 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 $1,700 to $2,300 in extra premium every year, depending on your age. Insurance for high-risk drivers can be from 44% to 134% more than a normal policy. View High Risk Driver Rates

Because rates have so much variability, the best way to figure out who has the best auto insurance rates is to do a rate comparison from multiple companies. Each insurance company uses a different method to calculate rates, and quoted rates will be varied from one company to the next.

View Chart as Image

The chart above shows average Ford Mustang 2-Dr Convertible insurance rates for different risk profiles and scenarios. The cheapest discount rate is $800. Drivers who use higher $1,000 deductibles will pay around $1,208. The average rate for a driver around age 40 using $500 deductibles is $1,410. Using lower $100 deductibles for collision and other-than-collision coverage could cost up to $1,804. Drivers with multiple violations and accidents could be charged around $3,070. The policy rate for full coverage insurance for a teenage driver can be as high as $5,256.

View Chart as Image