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Ford Mustang Insurance Rates

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Daniel Walker

Licensed 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 Insurance Agent

UPDATED: Jun 5, 2023

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How much does it cost to insure a Ford Mustang? The average Ford Mustang insurance rates are $138 per month or $1,666 annually. However, many factors impact your average Mustang insurance premiums, like the age of your model. For example, the 2004 Mustang insurance costs will be much lower than the newer 2019 Mustang insurance costs. 

Read through our comprehensive guide to learn how much it is to insure a Mustang compared to other vehicles, and to better understand exactly what does liability insurance cover and why you might need more to protect your sports car. 

When you’re ready to compare the best Ford Mustang insurance quotes near you, simply enter your ZIP code into our free quote tool above to get started.

U.S. average insurance prices for a Ford Mustang are $1,324 every 12 months for full coverage insurance. Comprehensive insurance costs an estimated $220, collision insurance costs $390, and liability costs around $534. Buying just liability costs as low as $588 a year, and insurance for high-risk drivers costs $2,872 or more. Teens pay the highest rates at up to $5,228 a year.

Average premium for full coverage: $1,324

Price estimates broken down by individual coverage:

Comprehensive $220
Collision $390
Liability $534

These estimates include $500 deductibles, 30/60 bodily injury liability limits, and includes both medical and uninsured motorist insurance. Estimates are averaged for all 50 states and for all Mustang models.

Price Range from Low to High

For the normal driver, Ford Mustang insurance prices range from the cheapest price of $588 for minimum levels of liability insurance to the much higher price of $2,872 for a driver who requires high-risk insurance.

Liability Only $588
Full Coverage $1,324
High Risk $2,872

Geographic Price Range

Where you live can have significant affects on the price of insurance. More rural locations have more infrequent physical damage claims than cities with more traffic congestion. The example below illustrates how geographic area affects insurance prices.

Rural Areas $993
Small Cities $1,390
Large Cities $1,787

The ranges above illustrate why everyone should compare prices for a targeted area and their own driving history, instead of using averaged prices.

Use the form below to get customized rates for your location.

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

Additional Rate Details

The chart below illustrates average Ford Mustang insurance rates for other coverage scenarios.

  • The cheapest rate after discounts is $779
  • Using higher $1,000 deductibles will save approximately $140 each year
  • The average price for the average middle-age driver who has $500 deductibles is $1,324
  • Selecting pricier low deductibles for physical damage coverage costs an extra $268 every year
  • Drivers with serious driving violations could pay up to $2,872
  • The price to insure a teen driver for full coverage can cost as much as $5,228 or more

View Chart as Image

Ford Mustang insurance cost comparison chart
Column chart showing Ford Mustang insurance prices range from $779 to $5,228 for full coverage

Insurance prices for a Ford Mustang are also quite variable based on deductibles and policy limits, your risk profile, and the model year and trim level.

Choosing higher comprehensive and collision insurance deductibles could cut prices by as much as $410 every year, whereas buying more liability protection will increase premiums. Switching from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $533 more each year. View Rates by Deductible or Liability Limit

A more mature driver with no violations or accidents and higher deductibles may pay as little as $1,200 a year for full coverage. Prices are much higher for teenage drivers, since even excellent drivers should be prepared to pay at least $5,200 a year. View Rates by Age

If you have some driving violations or you were responsible for an accident, you are probably paying $1,600 to $2,200 additional each year, depending on your age. Ford Mustang insurance for high-risk drivers can be as much as 42% to 134% more than the average policy. View High Risk Driver Rates

The state you live in has a huge impact on Ford Mustang insurance prices. A driver around age 40 might see prices as low as $870 a year in states like North Carolina, Wisconsin, and Vermont, or have to pay at least $1,790 on average in Florida, New York, and Michigan.

Ford Mustang Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,196 -$128 -9.7%
Alaska $1,014 -$310 -23.4%
Arizona $1,100 -$224 -16.9%
Arkansas $1,324 -$0 0.0%
California $1,508 $184 13.9%
Colorado $1,262 -$62 -4.7%
Connecticut $1,360 $36 2.7%
Delaware $1,498 $174 13.1%
Florida $1,656 $332 25.1%
Georgia $1,222 -$102 -7.7%
Hawaii $950 -$374 -28.2%
Idaho $896 -$428 -32.3%
Illinois $984 -$340 -25.7%
Indiana $1,000 -$324 -24.5%
Iowa $894 -$430 -32.5%
Kansas $1,256 -$68 -5.1%
Kentucky $1,804 $480 36.3%
Louisiana $1,960 $636 48.0%
Maine $818 -$506 -38.2%
Maryland $1,092 -$232 -17.5%
Massachusetts $1,058 -$266 -20.1%
Michigan $2,296 $972 73.4%
Minnesota $1,108 -$216 -16.3%
Mississippi $1,586 $262 19.8%
Missouri $1,172 -$152 -11.5%
Montana $1,422 $98 7.4%
Nebraska $1,044 -$280 -21.1%
Nevada $1,588 $264 19.9%
New Hampshire $956 -$368 -27.8%
New Jersey $1,480 $156 11.8%
New Mexico $1,172 -$152 -11.5%
New York $1,392 $68 5.1%
North Carolina $762 -$562 -42.4%
North Dakota $1,086 -$238 -18.0%
Ohio $914 -$410 -31.0%
Oklahoma $1,356 $32 2.4%
Oregon $1,212 -$112 -8.5%
Pennsylvania $1,260 -$64 -4.8%
Rhode Island $1,764 $440 33.2%
South Carolina $1,200 -$124 -9.4%
South Dakota $1,118 -$206 -15.6%
Tennessee $1,158 -$166 -12.5%
Texas $1,594 $270 20.4%
Utah $978 -$346 -26.1%
Vermont $906 -$418 -31.6%
Virginia $792 -$532 -40.2%
Washington $1,022 -$302 -22.8%
West Virginia $1,212 -$112 -8.5%
Wisconsin $916 -$408 -30.8%
Wyoming $1,180 -$144 -10.9%

View Chart as Image

Ford Mustang insurance rates by U.S. city

Insurance Rates by Trim Level and Model Year

Ford Mustang Insurance Rates by Model and Trim Level
Model and Trim Annual Premium Monthly Premium
Ford Mustang 2-Dr Convertible $1,130 $94
Ford Mustang 2-Dr Coupe $1,326 $111
Ford Mustang GT 2-Dr Convertible $1,190 $99
Ford Mustang GT 2-Dr Coupe $1,386 $116
Ford Mustang Shelby GT500 2-Dr Convertible $1,334 $111
Ford Mustang Shelby GT500 2-Dr Coupe $1,570 $131

Rates assume 2013 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.

Ford Mustang Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2019 Ford Mustang $282 $618 $500 $1,580
2018 Ford Mustang $270 $574 $510 $1,534
2017 Ford Mustang $260 $540 $514 $1,494
2016 Ford Mustang $248 $484 $520 $1,432
2015 Ford Mustang $232 $446 $520 $1,378
2014 Ford Mustang $224 $418 $524 $1,346
2013 Ford Mustang $220 $390 $534 $1,324
2012 Ford Mustang $202 $362 $534 $1,278
2011 Ford Mustang $198 $328 $540 $1,246
2010 Ford Mustang $184 $300 $534 $1,198
2009 Ford Mustang $174 $272 $534 $1,160
2008 Ford Mustang $168 $246 $530 $1,124
2007 Ford Mustang $166 $240 $520 $1,106
2006 Ford Mustang $162 $228 $510 $1,080
2005 Ford Mustang $148 $218 $504 $1,050
2004 Ford Mustang $144 $206 $500 $1,030

Rates are averaged for all Ford Mustang models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.

How to Shop for Cheap Ford Mustang Insurance

Getting lower rates on car insurance requires not taking risks behind the wheel, having above-average credit, not filing small claims, and possibly raising deductibles. Invest the time to compare rates at every other renewal by requesting quotes from direct insurance companies like Progressive, GEICO, and Esurance, and also from insurance agencies where you live.

The following is a brief summary of the concepts that were presented in the illustrations above.

  • Higher risk drivers that tend to have accidents or serious violations could be forced to pay on average $1,550 more annually for Mustang insurance
  • Teens are expensive to insure, as much as $436 a month if full coverage is included
  • It is possible to save approximately $150 per year just by quoting online well ahead of the renewal date
  • Increasing physical damage deductibles could save as much as $400 each year
  • It is possible to save approximately $150 per year just by quoting online well ahead of the renewal date

So, how much is insurance for a Mustang and is insurance on a Mustang expensive? As you’ve learned from the information above, your average Mustang insurance rates depend on many factors, like where you live, your driving record, and even your age.

It will be tougher for younger drivers to receive cheap Ford Mustang car insurance quotes. You should expect insurance on a Mustang for an 18-year-old will be more expensive than for older drivers, such as Mustang insurance for a 22-year-old. 

If you haven’t bought a car yet, shopping around can also help you find out what model year and build is cheapest. For example, you could compare the model years of the 2004, 2012, 2013, and 2019 Mustang GT insurance costs to determine what best fits your budget. 

Alternatively, you could also compare different builds, like the 2016 Mustang GT insurance rates and the 2014 Mustang V6 insurance costs.

No matter what model you choose, the best way to save on your Ford Mustang insurance costs is to shop around. Start comparing Ford Mustang car insurance rates now, just enter your ZIP code in our free tool below.

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What Are the Safety Ratings for the Ford Mustang?

Understanding the Ford Mustang safety ratings and features is a great way to discover car insurance discounts you might qualify for. Insurance companies are also more likely to provide you with cheaper rates if your vehicle comes equipped with reliable safety technology.

Insurance costs can vary depending on the Ford Mustang safety ratings and features. Some of the Ford Mustang’s best safety features include electronic stability control, traction control, lane departure warning, and lane-keeping assist.

Check out the 2021 Ford Mustang Coupe safety ratings below as scored by the Insurance Institute for Highway Safety (IIHS).

  • Small overlap front (driver-side): Acceptable
  • Moderate overlap front: Good
  • Side: Good
  • Roof strength: Good
  • Head restraints and seats: Good

A rating of ‘Good’ is the highest possible standard given by the IIHS. The Ford Mustang crash test ratings are decent, which will reflect positively in your annual insurance premiums. 

Similar to safety tests, insurance providers will also look at the crash test results of your Ford Mustang when calculating your car insurance rates. In the table below, check out different Ford Mustang crash test ratings by model year and trim level as scored by the National Highway Traffic Safety Administration (NHTSA).

Ford Mustang Crash Test Ratings by Model Year and Trim Level
Vehicle TestedOverall RatingFrontal CrashSide CrashRollover
2021 Ford Mustang GT500 2 DR RWD5 stars5 stars5 stars5 stars
2021 Ford Mustang C RWDN/RN/RN/R5 stars
2021 Ford Mustang 2 DR RWD5 stars5 stars5 stars5 stars
2020 Ford Mustang GT350R 2 DR RWD5 stars5 stars5 stars5 stars
2020 Ford Mustang C RWDN/RN/RN/R5 stars
2020 Ford Mustang 2 DR RWD5 stars5 stars5 stars5 stars
2019 Ford Mustang GT350R 2 DR RWD5 stars5 stars5 stars5 stars
2019 Ford Mustang C RWDN/RN/RN/R5 stars
2018 Ford Mustang GT350R 2 DR RWD5 stars5 stars5 stars5 stars
2018 Ford Mustang C RWDN/RN/RN/R5 stars
2018 Ford Mustang 2 DR RWD5 stars5 stars5 stars5 stars
2017 Ford Mustang C RWDN/RN/RN/R5 stars
2017 Ford Mustang C RWDN/RN/RN/R5 stars
2017 Ford Mustang 2 DR RWD5 stars5 stars5 stars5 stars
2016 Ford Mustang C RWDN/RN/RN/R5 stars
2016 Ford Mustang 2 DR RWD5 stars5 stars5 stars5 stars
2016 Ford Mustang 2 DR RWD5 stars5 stars5 stars5 stars
2015 Ford Mustang C RWDN/RN/RN/R5 stars
2015 Ford Mustang 2 DR RWD5 stars5 stars5 stars5 stars
2014 Ford Mustang C RWDN/RN/RN/R5 stars
2014 Ford Mustang 2 DR RWD4 stars4 stars4 stars5 stars
2013 Ford Mustang C RWDN/RN/RN/R5 stars
2013 Ford Mustang 2 DR RWD4 stars4 stars4 stars5 stars
2012 Ford Mustang C RWDN/RN/RN/R5 stars
2012 Ford Mustang 2 DR RWD4 stars4 stars4 stars5 stars
2011 Ford Mustang C RWDN/RN/RN/R5 stars
2011 Ford Mustang 2 DR RWDN/RN/RN/R5 stars

5-stars is the highest score given by the NHTSA. As you can see, of what models were tested, no Ford Mustangs scored below 4 stars, which proves how reliable this car truly is. 

Before you buy Ford Mustang car insurance, keep in mind that crash-test ratings do sometimes vary by model year, which means insurance for a 2014 Ford Mustang may be different in cost than the 2011 Ford Mustang insurance. We always recommend looking up your specific model year for the most accuracy.

Should you Compare the Ford Mustang to Other Vehicles in the Same Car Class?

Comparing the Ford Mustang to similar vehicles can help you save money, especially if it has better insurance loss ratios than other vehicles in the same car class. 

Officially the Insurance Institute for Highway Safety (IIHS) classifies the Ford Mustang as a midsize sports car. Check out the Ford Mustang insurance loss probability details by category in the table below. Keep in mind that higher numbers mean higher insurance rates, and lower numbers mean cheaper insurance rates.

Ford Mustang Insurance Loss Probability
Insurance Coverage CategoryLoss Rate
Collision61%
Property damage25%
Comprehensive19%
Personal injury23%
Medical payment23%
Bodily injury21%

Unfortunately, the Ford Mustang two-door coupe has substantially worse than average collision insurance loss rates, which means purchasing this coverage type for the Mustang might be higher than average. 

The property damage, personal injury, and medical payment loss ratios are also worse than average, once again leading to higher average car insurance rates for these different types of coverages. 

The comprehensive and bodily injury loss ratios, however, fall within the average range. Because this car is also not too large or heavy, it is less likely to do significant damage to other vehicles in a crash. Therefore, the Ford Mustang usually receives normal liability rates. 

Check out other similar midsize sports cars in the list below to see how those car insurance rates compare to the Ford Mustang:

Because the Mustang is also a sports car, expect your insurance premiums to be a little higher than average, especially if you purchase fuller coverage levels. 

Sports cars tempt drivers to take advantage of the smooth, fast speeds, which can be dangerous and put you at a higher risk of getting into an accident and filing a claim. Therefore, sports cars like the Mustang are often placed into a higher risk category by insurance providers than other types of vehicles. 

You are now ready to secure the cheapest Ford Mustang insurance rates possible. Remember, the best Ford Mustang car insurance company will provide you with affordable rates without compromising your coverage needs. 

Ready to start saving on different Ford Mustang model years, such as 2010, 2011, or 2018 Mustang insurance costs? 

Applying what you’ve learned in this guide is easy. Simply enter your ZIP code in our free quote comparison tool to immediately find the best Ford Mustang insurance costs in your area.
References:

  1. https://www.iihs.org/ratings/vehicle/Ford/mustang-2-door-coupe/2021
  2. https://www.nhtsa.gov/vehicle/2020/FORD/MUSTANG/2%252520DR/RWD
  3. https://www.iihs.org/ratings/insurance-losses-by-make-and-model

Rates by Driver Age

Ford Mustang Insurance Rates by Driver Age
Driver Age Premium
16 $5,228
20 $3,066
30 $1,358
40 $1,324
50 $1,214
60 $1,190

Full coverage, $500 deductibles

Rates by Deductible

Ford Mustang Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,592
$250 $1,468
$500 $1,324
$1,000 $1,184

Full coverage, driver age 40

Rates by Liability Limit

Ford Mustang Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,324
50/100 $1,688
100/300 $1,836
250/500 $2,221
100 CSL $1,748
300 CSL $2,073
500 CSL $2,310

Full coverage, driver age 40

Rates for High Risk Drivers

Ford Mustang Insurance Rates for High Risk Drivers
Age Premium
16 $7,412
20 $4,888
30 $2,912
40 $2,872
50 $2,748
60 $2,722

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $185

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $69
Multi-vehicle $72
Homeowner $22
5-yr Accident Free $89
5-yr Claim Free $85
Paid in Full/EFT $54
Advance Quote $62
Online Quote $92
Total Discounts $545
Rate after discounts $779

Discounts are estimated and may not be available from every company or in every state.

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