Mathew B. Sims is Editor-in-Chief and has authored, edited, and contributed to several books. He has been working in the insurance industry ensuring content is accurate for consumers who are searching for the best policies and rates. He has also been featured on sites like UpJourney.

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. He reviews content, ensuring that ex...

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: Jul 16, 2020

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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 about $147 more yearly than the average vehicle with full coverage costing about $1,666 a year or $139 a month.

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.

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 auto insurance costs are $1,666 a year or $139 a month.

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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
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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 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 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
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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
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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 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

Ford Mustang Insurance Loss Probability

Review the Ford Mustang car insurance loss probability rates for collision, property damage, comprehensive, PIP, MedPay, and bodily injury. The lower percentage means lower Ford Mustang auto insurance costs; higher percentages mean higher Ford Mustang auto insurance costs.

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, most lenders will require your carry higher Ford Mustang coverages including comprehensive coverage, so be sure to compare Ford Mustang car insurance rates from the best companies using our FREE tool below.

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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

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

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.