Best Ford Mustang Auto Insurance in 2024 (Check Out the Top 10 Companies)
The best Ford Mustang auto insurance providers include Progressive, USAA, and State Farm. Our top recommendation, Progressive, offers flexible options that cater to different needs for as low as $180 per month. So shop around to find coverage that works best for you.
Travis Thompson
Licensed Insurance Agent
Travis Thompson has been a licensed insurance agent for nearly five years. After obtaining his life and health insurance licenses, he began working for Symmetry Financial Group as a State Licensed Field Underwriter. In this position, he learned the coverage options and limits surrounding mortgage protection. He advised clients on the coverage needed to protect them in the event of a death, critica...
Licensed Insurance Agent
UPDATED: Jul 26, 2024
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Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Jul 26, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
13,127 reviews
Company Facts
Full Coverage for Ford Mustang
A.M. Best Rating
Complaint Level
Pros & Cons
13,127 reviews
6,434 reviews
Company Facts
Full Coverage for Ford Mustang
A.M. Best Rating
Complaint Level
Pros & Cons
6,434 reviews
11,412 reviews
Company Facts
Full Coverage for Ford Mustang
A.M. Best Rating
Complaint Level
Pros & Cons
11,412 reviews
The top three best Ford Mustang auto insurance companies are Progressive, USAA, and Allstate. Our top pick, Progressive, offers average monthly rates as low as $180.
Good drivers are eligible for up to $687 a year in policy discounts by practicing safe driving habits. We’re going to take a quick look at Ford Mustang insurance rates, crash test ratings, and more.
Company Rank Multi-Vehicle Discount A.M. Best Best For Jump to Pros/Cons
#1 12% A+ Flexible Options Progressive
#2 10% A++ Military Benefits USAA
#3 25% A+ Wide Coverage Allstate
#4 25% A++ Affordable Rates Geico
#5 25% A+ Customer Service Amica
#6 10% A++ High Ratings Auto-Owners
#7 20% B Comprehensive Coverage State Farm
#8 20% A Personalized Service American Family
#9 20% A+ Multi-Policy Discounts Nationwide
#10 20% A Strong Network Farmers
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.
Key takeaways:
- Progressive has the best Ford Mustang auto insurance rates
- 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
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#1 – Progressive: Top Pick Overall
Pros
- Flexible Options: Progressive offers Mustang drivers a variety of customizable plans that you can learn more about in our Progressive auto insurance review.
- Deductible Savings Bank: Mustang drivers can reduce their collision or comprehensive deductibles by $50 for each claim-free six-month period.
- Pet Injury Coverage: Progressive covers up to $1,000 in vet bills if your pet is hurt while riding in your Mustang.
Cons
- Average Customer Service: Some Mustang owners may find Progressive’s customer support lacking when they need assistance with their policy.
- Snapshot Program Risks: This usage-based program could increase rates for Mustang drivers with spirited driving habits.
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#2 – USAA: Best for Military Benefits
Pros
- Military Benefits: USAA offers exclusive discounts and perks for military members and their families who drive a Mustang.
- Legacy Discount: With the MyUSAA Legacy Discount, you can continue your family’s USAA tradition and save up to 10% on your Mustang’s policy.
- SafePilot Discount: Ford Mustang owners can save up to 30% on their auto insurance with this telematics program. Our USAA SafePilot review goes into detail on how the program works.
Cons
- Military Restriction: Only military families and veterans can access USAA’s Mustang insurance benefits.
- No Physical Locations: Mustang owners preferring face-to-face interactions may find USAA’s lack of brick-and-mortar agencies inconvenient.
#3 – Allstate: Best for Wide Coverage
Pros
- Wide Coverage: Allstate provides extensive coverage options for Ford Mustang owners, ensuring comprehensive protection for various needs.
- eSmart Discount: Mustang owners can save by going paperless with Allstate ePolicy for online document viewing.
- EZ Pay Plan: Set up automatic withdrawals for your Mustang’s premium payments and enjoy discounts.
Cons
- High-Mileage Costs: Mustang enthusiasts who love road trips might find Allstate expensive for high-mileage driving. Find more information about Allstate’s rates in our review of Allstate insurance.
- Device Issues: Allstate charges for miles driven even if its tracking device malfunctions, potentially unfairly affecting Mustang owners.
#4 – Geico: Best for Affordable Rates
Pros
- Affordable Rates: Geico offers competitive and budget-friendly insurance rates for Ford Mustang owners. Read more here: Geico Auto Insurance Review
- Seat Belt Use Discount: Always buckle up in your Mustang for potential savings on medical payments or personal injury protection.
- Federal Employee Discount: Active or retired federal employees could save up to 12% on their Ford Mustang’s total premium with the Geico Eagle Discount.
Cons
- No Gap Insurance: Mustang owners financing or leasing their cars might find Geico’s lack of gap insurance problematic.
- Limited Local Support: Fewer local agencies might inconvenience Mustang owners who prefer in-person insurance support.
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#5 – Amica: Excellent Customer Service
Pros
- Best Customer Service: Amica provides exceptional customer service for Ford Mustang owners. Check out our Amica auto insurance review to learn more about the company’s customer service and claims ratings.
- Roadside Assistance: Amica offers 24/7 help for Mustang owners, covering towing, flat tires, jump-starts, and fuel delivery.
- Bodily Injury Liability: Covers injuries to others when you’re at fault in your Mustang, including medical bills and lost wages.
Cons
- Limited Availability: Mustang owners in Alaska or Hawaii can’t access Amica’s insurance offerings.
- Low-Value Ranking: Some Mustang drivers might find Amica’s policies don’t provide the best value for their money.
#6 – Auto-Owners: High Ratings
Pros
- High Ratings: Auto-Owners boast excellent ratings for customer satisfaction, providing reliable service for Ford Mustang owners.
- Life Multi-Policy Discount: Bundle your Mustang insurance with a qualifying Auto-Owners life insurance policy for premium savings.
- Multi-Car Discount: For potential discounts, insure two or more vehicles, including your Mustang, on one Auto-owners policy. See our review of Auto-Owners auto insurance for more details.
Cons
- Subpar Claims Process: Mustang owners might face frustrations with Auto-Owners’ below-average claims handling.
- Limited Online Options: Tech-savvy Mustang drivers may find Auto-Owners’ limited online presence inconvenient.
#7 – State Farm: Best for Comprehensive Coverage
Pros
- Comprehensive Coverage: State Farm offers extensive coverage options tailored for Ford Mustang owners. Learn more here: State Farm Auto Insurance Review
- Bundle and Save: For additional savings, combine your Ford Mustang policy with other State Farm products, such as home or life insurance.
- Steer Clear Program: Young Mustang drivers can save while improving their skills through this educational program.
Cons
- Credit-Based Pricing: Mustang owners with poor credit might face higher rates compared to other insurers.
- Claims Handling Issues: Some Mustang drivers report mediocre experiences with State Farm’s claims process.
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#8 – American Family: Best for Personalized Service
Pros
- Personalized Service: American Family provides tailored services for Ford Mustang owners, ensuring coverage plans that meet specific needs and preferences. Find out more about American Family in our American Family review.
- Low Mileage Savings: If you drive your Mustang less than 7,500 miles annually, you can qualify for additional savings with American Family.
- Young Volunteer Discount: Mustang owners under 25 can save by completing 40 hours of volunteer work yearly.
Cons
- Digital Limitations: Tech-savvy Mustang owners might find American Family’s online experience lacking compared to competitors.
- Coverage Restrictions: Some Ford Mustang drivers may face limited additional coverage options with American Family.
#9 – Nationwide: Best for Multi-Policy Discounts
Pros
- Multi-Policy Discounts: Nationwide offers significant savings for Ford Mustang owners who bundle their auto insurance with other policies
- SmartRide Program: Mustang owners can earn an instant 10% discount by signing up for this usage-based insurance program. Learn more about SmartRide in our Nationwide auto insurance review.
- Safe Driver Rewards: Keep your Mustang accident-free for 5 years and potentially qualify for lower rates.
Cons
- Customer Service Issues: Mustang owners might face frustrations with Nationwide’s below-average customer satisfaction ratings.
- Limited Availability: Some Mustang drivers can’t access Nationwide’s homeowners policies in certain states.
#10 – Farmers: Best for Strong Network
Pros
- Strong Network: Farmers Auto Insurance boasts a vast network of agents and support, ensuring Ford Mustang owners receive comprehensive and accessible service wherever they are.
- Safety Tech Discount: Equip your Mustang with advanced safety features for additional savings opportunities with Farmers.
- Good Payer Discount: You can save with Farmers by avoiding paying late fees on your Mustang’s policy for 12 months at renewal. Take a look at our Farmers insurance company review to learn more.
Cons
- High Premiums: Some Mustang owners might face steep rates depending on their state of residence.
- Slow Roadside Help: Farmers’ slow roadside service might frustrate Mustang drivers needing quick assistance.
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Ford Mustang Auto Insurance Rates
Auto insurance rates for Mustangs can differ widely, influenced by your driving profile and the car’s performance capabilities. Below, we’ve compiled a table of average rates from top providers to help you find the best coverage for your Mustang.
Insurance Company Minimum Coverage Full Coverage
Allstate $95 $185
American Family $90 $185
Amica $88 $180
Auto-Owners $92 $190
Farmers $94 $190
Geico $80 $175
Nationwide $86 $178
Progressive $90 $180
State Farm $87 $180
USAA $85 $170
When choosing insurance for your Mustang, it’s important to look beyond just the price. Consider factors such as coverage options, customer service, and claim handling to find the best policy.
Are Ford Mustangs Expensive to Insure?
The chart below details how Ford Mustang insurance rates compare to other sports cars like the Audi R8, Porsche 911, and Cadillac ATS-V.
Vehicle | Comprehensive | Collision | Liability | Total |
Ford Mustang | $348 | $718 | $420 | $1,666 |
Audi R8 | $594 | $1,338 | $398 | $2,488 |
Porsche 911 | $482 | $1,042 | $398 | $2,080 |
Cadillac ATS-V | $406 | $834 | $398 | $1,796 |
Jaguar F-TYPE | $508 | $1,102 | $398 | $2,166 |
Audi TT RS | $420 | $774 | $338 | $1,668 |
Chevrolet Camaro | $348 | $594 | $372 | $1,472 |
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 insurance coverage.
Here are a few things that can impact the cost of insurance for a 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.
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 |
If you want to save on your premium go for an older model as they are cheaper than newer models.
Driver Age
Driver age can have a significant impact on Ford Mustang auto insurance rates.
For example, 20-year-old drivers pay approximately $2,038 more each year for their Ford Mustang auto insurance than 30-year-old drivers.
Driver Location
Where you live can have a large impact on Ford Mustang insurance rates.
For example, drivers in New York may pay $433 a year more than drivers in Chicago.
Your Driving Record
Your driving record can have an impact on the cost of Ford Mustang car 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
The Ford Mustang’s safety ratings will affect your Ford Mustang car insurance rates. See the chart 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 |
The Ford Mustang’s high safety ratings positively impact insurance rates, often resulting in lower premiums.
Ford Mustang Crash Test Ratings
Not only do good Ford Mustang crash test ratings mean you are better protected in a crash, but good Ford Mustang crash ratings also mean cheaper 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
The more safety features you have on your Ford Mustang, the more likely it is that you can earn a discount.
The more safety features you have on your Ford Mustang, the more likely it is that you can earn a discount.Schimri Yoyo Licensed Agent & Financial Advisor
The Ford Mustang’s safety features include:
- 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
The Ford Mustang’s safety features not only provide comprehensive protection and advanced accident prevention technologies but also helps you save on your insurance premium .
Ford Mustang Insurance Loss Probability
Review the Ford Mustang car insurance loss probability rates for collision, property damage, comprehensive, PIP, MedPay, and bodily injury.
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 |
The lower percentage means lower Ford Mustang auto insurance costs; higher percentages mean higher Ford Mustang auto insurance costs.
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Ford Mustang Finance and Insurance Cost
If you are financing a Ford Mustang, most lenders will require your carry higher Ford Mustang coverages including comprehensive coverage.
Switch to Progressive and you could save hundreds on auto insurance. Then go ahead and take a load off – you’ve earned it! pic.twitter.com/xY31BYiNIi
— Progressive (@progressive) February 15, 2024
So be sure to compare Ford Mustang car insurance rates from the best companies using our FREE tool below.
Ways to Save on Ford Mustang Insurance
You can save more money on your Ford Mustang auto insurance rates by employing any of the following five strategies.
- Ask Your Insurance Company About Ford Mustang Discounts
- Re-Check Ford Mustang Quotes Every 6 Months
- Check the Odometer on Your Ford Mustang
- Get Married and Ask for a Discount
- Ask About Usage-Based Insurance for Your Ford Mustang
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Top Ford Mustang Insurance Companies
Who is the top 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 (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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Compare Free Ford Mustang Insurance Quotes Online
Insuring a Ford Mustang is straightforward, with average costs around $1,666 per year or $139 per month for full coverage. Teenage drivers should be vigilant as their rates can soar to $6,089 annually. To secure the best rates, it’s essential to shop around, consider discounts for good driving habits, and explore options from top insurers like Progressive, USAA, and Allstate.
You can start comparing quotes for Ford Mustang auto insurance rates from some of the best auto insurance companies by using our free online tool now.
Enter your ZIP code below to compare rates from the top providers near you.
Frequently Asked Questions
How much does Ford Mustang auto insurance cost?
On average, Ford Mustang auto insurance costs around $1,666 per year or $139 per month.
Are Ford Mustangs expensive to insure?
Compared to other sports cars like the Audi R8, Porsche 911, and Cadillac ATS-V, Ford Mustang insurance rates are relatively affordable.
What factors impact the cost of Ford Mustang insurance?
Several factors can influence the cost of Ford Mustang insurance, including the age of the vehicle, driver age, driver location, and driving record.
Does the age of the vehicle affect Ford Mustang insurance rates?
Generally, older Ford Mustang models have lower insurance costs compared to newer models. For example, a 2020 Ford Mustang may cost $1,666 to insure, while a 2010 Ford Mustang may cost $1,346.
Are there any specific discounts available for Ford Mustang insurance?
Yes, many insurance companies offer discounts for Ford Mustang insurance. Some common discounts include safe driver discounts, multi-policy discounts (combining auto and home insurance), anti-theft device discounts, and good student discounts (for students with good grades).
Can I transfer my current insurance policy to a new Ford Mustang?
Yes, you can usually transfer your current insurance policy to a new Ford Mustang. However, it’s important to notify your insurance company and provide them with the necessary information about the new vehicle to ensure proper coverage.
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Travis Thompson
Licensed Insurance Agent
Travis Thompson has been a licensed insurance agent for nearly five years. After obtaining his life and health insurance licenses, he began working for Symmetry Financial Group as a State Licensed Field Underwriter. In this position, he learned the coverage options and limits surrounding mortgage protection. He advised clients on the coverage needed to protect them in the event of a death, critica...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.