Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...

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UPDATED: Jul 15, 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 around $147 more per year than the average vehicle. Full coverage costs about $1,666 a year or $139 a month. Good drivers can save up to $687 a year in policy discounts by staying safe and courteous while out on the roadways. 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.

Table of Contents

Ford Mustang Insurance Cost

The average Ford Mustang car insurance rates 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 Porsche 718 Boxster, Chevrolet Camaro, and Audi TT RS.

Vehicle Comprehensive Collision Liability Total
Ford Mustang $348 $718 $420 $1,666
Porsche 718 Boxster $444 $952 $338 $1,870
Chevrolet Camaro $348 $594 $372 $1,472
Audi TT RS $420 $774 $338 $1,668
Cadillac ATS-V $406 $834 $398 $1,796
Porsche 911 $482 $1,042 $398 $2,080
Jaguar F-TYPE $508 $1,102 $398 $2,166
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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 will affect 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, car 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 $1,016 a year more than drivers in Seattle.

Your Driving Record

Your driving record can have an impact on the cost of Ford Mustang auto 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

Your Ford Mustang car insurance rates are tied to the safety ratings of the Ford Mustang. See the breakdown 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 numerous safety features of the Ford Mustang help contribute to lower insurance rates. The 2020 Ford Mustang has the following safety features:

  • 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

Another contributing factor that affects Ford Mustang car insurance rates is the loss probability for each type of coverage.

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 coverage options including comprehensive coverage, so be sure to shop around and compare Ford Mustang auto insurance rates from the best companies using our FREE tool below.

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Ways to Save on Ford Mustang Insurance

If you want to reduce the cost of your Ford Mustang insurance rates, follow these tips below:

  • Take a Refresher Course as an Older Driver
  • Compare Insurance Companies After Moving
  • Work with a Direct Insurer Instead of an Insurance Broker for Your Ford Mustang
  • Ask About Discounts for People with Disabilities
  • Remove Unnecessary Insurance Once Your Ford Mustang is Paid Off

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

Start comparing Ford Mustang auto insurance quotes for free by using our FREE online comparison tool.