Are Ford Mustangs expensive to insure? it depends on who is driving. Average Ford Mustang insurance rates are about $147 more per year than the average vehicle.
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Full coverage insurance on a mustang costs about $139 a month or $1,666 a year. but teens and other high-risk drivers will pay much more. Good drivers can save up to $687 a year in policy discounts by staying safe and courteous while on the road.
Read our comprehensive guide to Ford Mustang auto insurance to learn how your rates are calculated and how to compare auto insurance quotes from multiple providers. We’ll also take a quick look at Ford Mustang insurance rates, crash test ratings, and more.
You can start comparing ford mustang auto insurance rates from some of the best auto insurance companies by entering your zip code into our free quote tool above.
what is the average cost of ford mustang car insurance?
how much does it cost to insure a ford mustang? Average Ford Mustang auto insurance rates are $1,666 a year or $139 a month.
However, many different factors go into calculating auto insurance rates, so your quotes can look very different. Where you live, your age and even your driving record will also be taken into account.
See more details on Ford Mustang insurance rates in the chart below.
As you can see, many different variables go into determining Ford Mustang auto insurance costs.
Keep reading to learn everything you need to know to help you get cheap ford mustang car insurance.
Are Ford Mustangs expensive to insure?
How much does insurance cost on a mustang? On average, drivers pay $139 a month or $1,666 a year for coverage.
the ford mustang drives like a sports car, although in the eyes of your insurance provider it is considered a sedan. This is actually good news, as sports car insurance is priced notoriously higher than other types of vehicles.
but how do ford mustang auto insurance rates compare to other vehicles in the same class?
The table below details how Ford Mustang insurance rates compare to other sports cars such as the Porsche 718 Boxster, Chevrolet Camaro, and Audi TT RS.
Of the similar vehicles on our list, only the Chevrolet Camaro is cheaper to insure on average than the Mustang. for a sports coupe, this is a reasonably priced option.
Fortunately, there are a few things you can do to find even cheaper Ford Mustang auto insurance.
Comparing rates online from multiple providers and searching for different discounts can help you lower your premium dramatically.
what affects the cost of ford mustang insurance?
Many different factors will influence your ford mustang auto insurance costs. some things have to do with your vehicle, others have more to do with you as the driver.
the version and model year of the ford mustang you choose will affect the total price you pay for insurance coverage.
However, your driving record, age, and even where you live will also factor into your costs. read on to see each of these factors in more detail.
does the model year affect your ford mustang car insurance rates?
Older model Ford Mustangs generally cost less to insure than newer models. this is usually the case, regardless of the type of vehicle you drive.
for example, auto insurance for a 2020 ford mustang costs $1,666, while the insurance cost for the older 2010 ford mustang is $1,346, a difference of $320.
In the table below, see the average annual Ford Mustang auto insurance rates by level of coverage for various model years.
Older vehicles generally cost less to insure because they cost less to replace and repair.
New cars can sometimes be safer, but new technology can be expensive to replace, driving up the cost of car insurance.
does the driver’s age affect your ford mustang car insurance rates?
The age of the driver can have a significant impact on Ford Mustang auto insurance rates.
for example, drivers in their 20s pay approximately $2,038 more each year for their ford mustang auto insurance than drivers in their 30s.
The best car insurance for teens will be different than older drivers, and even older drivers.
see what we mean in the graphic below.
Older drivers are more experienced than younger drivers and insurance companies know it.
Statistically, older drivers also cause fewer accidents and drive less recklessly than teens and drivers under the age of 25.
so, the older you are, generally, the lower your insurance rates will be.
does your zip code affect your ford mustang car insurance rates?
where you live can have a big impact on your ford mustang insurance rates. for example, drivers in new york can pay $1,016 a year more than drivers in seattle.
see what we mean in the graphic below.
Why does your location affect your ford mustang insurance rates so much?
Not only do auto insurance laws and regulations vary by state, but auto theft rates and population density can also put you at greater or lesser risk, depending on where you live.
If you park your car on a busy city street where vehicle theft rates are higher than average, you will receive higher than average insurance quotes to mitigate additional risks associated with where you live.
does your driving record affect your ford mustang car insurance rate?
Your driving record can have an impact on the cost of your ford mustang auto insurance. a single traffic violation can double your annual premiums.
In the chart below, see how a poor driving record can affect your Ford Mustang insurance costs.
Teenagers and drivers in their twenties see the highest jump in their ford mustang auto insurance with violations on their driving record.
what are the safety ratings of the ford mustang?
Insurance companies will look at your vehicle’s make and model safety ratings to provide you with an accurate insurance quote.
In other words, your ford mustang car insurance rates are tied to the ford mustang’s safety ratings.
In the table below, take a look at the 2021 Ford Mustang safety ratings as determined by the Insurance Institute for Highway Safety (IIHS).
“good” is the highest possible score given by the iihs. while the diver’s side small overlap frontal crash test only received an “acceptable” rating, the two-door coupe performed almost perfectly in all other categories.
Your auto insurance rates will already reflect positively on these excellent safety ratings.
what are the crash test ratings of the ford mustang?
Like safety ratings, insurance providers will also take into account the Ford Mustang’s crash test results when calculating your auto insurance rates.
good ford mustang crash test scores not only mean you’re better protected in a crash, but good ford mustang crash test scores also mean cheaper insurance rates.
In the table below, see the different Ford Mustang crash test ratings for various model years and trim levels as conducted by the National Highway Traffic Safety Administration (NHTSA).
a 5 star rating is the highest rating given by the nhtsa. Of the model years and trim levels tested, the Ford Mustang performed extremely well.
Its auto insurance rates are already lower than the average sport coupe, largely due to the Mustang’s excellent crash test results.
what are the safety features of the ford mustang?
The ford mustang’s many safety features can help lower insurance rates.
Currently, the 2020 Ford Mustang has the following safety features:
- driver air bag
- passenger air bag
- front air bag for the head
- rear air bag for the head
- front side air bag
- 4-wheel sit-ups
- 4-wheel disc brakes
- brake assist
- electronic stability control
- daytime running lights
- traction control
- lane departure warning
- lane keeping assist
Inform your insurance provider about the security features and anti-theft devices you have equipped on your ford mustang. You may be eligible for additional auto insurance discounts.
what is the probability of ford mustang insurance loss?
another contributing factor that affects ford mustang auto insurance rates is the probability of insurance loss for each type of coverage.
The lower the number, the better the loss rate. better loss ratios almost always mean cheaper than average auto insurance rates.
See Ford Mustang Insurance Probability of Loss details by coverage category in the table below.
The mustang performs better than average in the property damage category, which means its liability rates may be better than other vehicles in the same class.
however, the collision loss rate is substantially worse than average. the same goes for comprehensive coverage and medical payments coverage.
If you need full coverage auto insurance for your vehicle, expect your ford mustang auto insurance rates to be higher than average for collision coverage.
what are the financial and insurance costs of the ford mustang?
Car insurance is a legal requirement in almost every state. some level of liability coverage is generally required.
but the minimum state auto insurance won’t protect your financed ford mustang from collisions for which you are not at fault, or from vehicle theft, or damage caused by animals or the weather.
so if you are financing a ford mustang, most lenders will require higher ford mustang coverage options. this includes full coverage auto insurance, such as comprehensive and collision coverage.
full coverage auto insurance for the ford mustang costs an average of $139 per month or $1,666 per year for an experienced and confident driver.
To make sure you’re paying the best rates, be sure to shop around and compare ford mustang auto insurance rates from the best companies using one of our free quote tools.
how can i save on my ford mustang car insurance rates?
If you want affordable Ford Mustang auto insurance, we have some easy tips you can follow.
If your provider offers a driver’s education discount, consider enrolling in a driver refresher course. This is also a great way for older drivers and teens to lower their already higher-than-average auto insurance costs.
If you plan to move, compare quotes from companies in your new zip code. auto insurance totals vary widely by zip code because laws and regulations are mandated by state.
once you’ve paid off your ford mustang in full, drop any unnecessary coverage to help lower your monthly premiums. this could include gap insurance or full coverage options like comprehensive and collision insurance.
Finally, ask what discounts you and your ford mustang qualify for. If you’re not happy with the options you get from your provider, find a new company.
what are the main ford mustang car insurance companies?
who is the best auto 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, sorted by market share.
Many of these companies offer discounts on security systems and other safety features offered by the Ford Mustang.
To narrow down which of these companies you should use, search our ford mustang auto insurance quotes among as many as you can and compare the results.
See the chart below for more details on the market shares of the top 10 ford mustang auto insurance companies.
remember, the best ford mustang auto insurance company will provide you with affordable rates without compromising your coverage levels.
You are now a ford auto insurance expert. refer to this guide as many times as you need as you compare your best insurance rates.
are you ready to shop for ford mustang auto insurance. Start comparing ford mustang auto insurance quotes for free by entering your zip code in our online comparison tool below.