Key takeaways
In the 2022 sports car class, the Ford Mustang is ranked #2 out of 23 vehicles, and its full coverage insurance costs, on average, $2772 per year. The Ford Mustang is $544 more expensive on average to insure than a sports car ($2,152 annually).
The lowest premium is $1,220 per year for a 60-year-old driver with large deductibles, and the highest is $3,706 per year for a 20-year-old driver with $250 deductibles.
The table below shows the insurance costs for the Ford Mustang compared to those for comparable sports vehicles, like the Jaguar F-TYPE, Porsche 718 Boxster, and Chevrolet Camaro.
| Vehicle | Comprehensive | Collision | Liability | Total |
|---|---|---|---|---|
| Ford Mustang | $360 | $730 | $432 | $1,678 |
| Jaguar F-TYPE | $520 | $1,114 | $502 | $2,178 |
| Porsche 718 Boxster | $456 | $964 | $350 | $1,882 |
| Chevrolet Camaro | $360 | $606 | $384 | $1,484 |
| Cadillac ATS-V | $418 | $846 | $410 | $1,820 |
| Audi TT RS | $446 | $798 | $350 | $1,680 |
| Audi R8 | $608 | $1,350 | $410 | $2,500 |
For a 2021 Ford Mustang, the average insurance is $1,572 annually. Rates for the Mustang Ecoboost Coupe start at $1,382 and go up to $1,940 for the Mustang Shelby GT500.
2021 Ford Mustang Insurance Cost by Trim Level
| 2021 Ford Mustang Trim Level | Annual Rate |
|---|---|
| Ecoboost Coupe | $1382 |
| Ecoboost Convertible | $1428 |
| Ecoboost Premium Coupe | $1470 |
| GT Coupe | $1516 |
| Ecoboost Premium Convertible | $1518 |
| GT- Premium Coupe | $1562 |
| Mach-E | $1564 |
| GT Premium Convertible | $1606 |
| Bullitt Coupe | $1654 |
| Mach 1 | $1678 |
| Mach -1 Premium | $1710 |
| Shelby GT540 | $1938 |
For a 2020 Ford Mustang, the average insurance is $1,538 annually. The Mustang Ecoboost Coupe has a rate of $1,354 per year, while the Mustang Shelby GT500 Convertible has a rate of $1,874.
2020 Ford Mustang Insurance Cost by Trim Level
| 2020 Ford Mustang Trim Level | Annual Rate |
|---|---|
| Ecoboost Coupe | $1354 |
| Ecoboost Convertible | $1402 |
| Ecoboost Premium Coupe | $1442 |
| GT Coupe | $1486 |
| Ecoboost Premium Convertible | $1490 |
| GT- Premium Coupe | $1532 |
| GT Premium Convertible | $1578 |
| Shelby GT350 Coupe | $1588 |
| Bullitt Coupe | $1620 |
| Shelby GT500 Convertible | $1886 |
The typical annual insurance cost for a 2019 Ford Mustang is $1,500. The Mustang Ecoboost Convertible has a rate of $1,280 per year, while the Mustang Shelby GT350R Coupe has a rate of $1,772.
| 2019 Ford Mustang Trim Level | Annual Rate |
|---|---|
| Ecoboost Convertible | $1280 |
| Ecoboost Premium Convertible | $1366 |
| Ecoboost Coupe | $1386 |
| GT Premium Convertible | $1408 |
| Ecoboost Premium Coupe | $1484 |
| GT Coupe | $1526 |
| Shelby GT350 Convertible | $1538 |
| GT Premium Coupe | $1568 |
| Bullitt Coupe | $1686 |
| Shelby GT350R Coupe | $1772 |
Average insurance costs for a 2018 Ford Mustang are $1,704 annually. The Mustang Ecoboost Convertible costs $1,250 annually, while the Mustang Shelby GT350 Coupe costs $2,134.
2018 Ford Mustang Insurance Cost by Trim Level
| 2018 Ford Mustang Trim Level | Annual Rate |
|---|---|
| Ecoboost Convertible | $1250 |
| Ecoboost Premium Convertible | $1436 |
| GT Premium Convertible | $1478 |
| Ecoboost Coupe | $1726 |
| Ecoboost Premium Coupe | $1836 |
| GT Coupe | $1874 |
| GT Premium Coupe | $1926 |
| Shelby GT350 Coupe | $2134 |
The average cost of full coverage insurance for a 2017 Ford Mustang is $1,660 per year.
The Mustang Shelby GT350 Coupe has a rate of $2,040 per year, while the Mustang Convertible has a rate between $1,318 and $2,318.
2017 Ford Mustang Insurance Cost by Trim Level
| 2017 Ford Mustang Trim Level | Annual Rate |
|---|---|
| Convertible | $1318 |
| Ecoboost Premium Convertible | $1358 |
| GT Premium Convertible | $1438 |
| Coupe | $1688 |
| Ecoboost Coupe | $1688 |
| Ecoboost Premium Coupe | $1738 |
| GT Coupe | $1790 |
| GT Premium Coupe | $1882 |
| Shelby GT350 Coupe | $2040 |
The average insurance premium for a 2016 Ford Mustang is $1,511 annually. The Mustang Convertible has a rate of $1,158per year, while the Mustang Shelby GT350 Coupe has a rate of $1,842.
2016 Ford Mustang Insurance Cost by Trim Level
| 2016 Ford Mustang Trim Level | Annual Rate |
|---|---|
| Convertible | $1144 |
| Ecoboost Premium Convertible | $1218 |
| GT Premium Convertible | $1292 |
| Coupe | $1520 |
| Ecoboost Coupe | $1546 |
| Ecoboost Premium Coupe | $1594 |
| GT Coupe | $1642 |
| GT Premium Coupe | $1716 |
| Shelby GT350 Coupe | $1830 |
The average annual insurance cost for a 2015 Ford Mustang is $1,456. Rates for the Mustang Convertible range from $1,188 each year to $1,714 for the Mustang Shelby GT350 Coupe.
2015 Ford Mustang Insurance Cost by Trim Level
| 2015 Ford Mustang Trim Level | Annual Rate |
|---|---|
| Convertible | $1176 |
| Ecoboost Premium Convertible | $1248 |
| GT 50 YR Limited Edition Convertible | $1318 |
| GT Premium Convertible | $1318 |
| Coupe | $1402 |
| Ecoboost Coupe | $1438 |
| Ecoboost Premium Coupe | $1484 |
| GT Coupe | $1518 |
| GT Premium Coupe | $1600 |
| GT 50 YR Limited Edition Coupe | $1704 |
| Shelby GT350 Coupe | $1704 |
The average insurance cost for a 2014 Ford Mustang is $1,408 annually. Rates for the Mustang Convertible range from $1,198 each year to $1,688 for the Mustang Shelby GT500 Coupe.
2014 Ford Mustang Insurance Cost by Trim Level
| 2014 Ford Mustang Trim Level | Annual Rate |
|---|---|
| Convertible | $1186 |
| Premium Convertible | $1240 |
| GT Convertible | $1272 |
| GT Premium Convertible | $1302 |
| Coupe | $1400 |
| Shelby GT500 Convertible | $1446 |
| Premium Coupe | $1456 |
| GT Coupe | $1520 |
| GT Premium Coupe | $1552 |
| Shelby GT500 Coupe | $1700 |
The typical annual insurance cost for a 2013 Ford Mustang is $1,264, or roughly $104 per month. Rates for the Mustang Coupe range from $1,104 per year to $1,418 for the Mustang Shelby GT500 Convertible.
2013 Ford Mustang Insurance Cost by Trim Level
| 2013 Ford Mustang Trim Level | Annual Rate |
|---|---|
| Coupe | $1104 |
| Premium Coupe | $1162 |
| Convertible | $1194 |
| GT Coupe | $1212 |
| GT Premium Coupe | $1242 |
| Premium Convertible | $1252 |
| GT Convertible | $1282 |
| Boss 302 Coupe 8CYL GAS | $1308 |
| GT Premium Convertible | $1312 |
| Shelby GT500 Coupe | $1378 |
| Shelby GT500 Convertible | $1430 |
| Vehicle Tested | Overall | Frontal | Side | Rollover |
|---|---|---|---|---|
| 2020 Ford Mustang GT350R DR RWD | Five 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 2DR 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 2DR FWD | 5 stars | 5 stars | 5 stars | 5 stars |
| 2018 Ford Mustang C RWD | N/R | N/R | N/R | 5 stars |
| 2018 Ford Mustang 2DR RWD | 5 stars | 5 stars | 5 stars | 5 stars |
| 2017 Ford Mustang C RWD | 5 stars | 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 FWD | 5 stars | 5 stars | 5 stars | 5 stars |
The safety features of the Ford Mustang could cut your insurance prices. The 2020 Ford Mustang offers the following security measures:
| Test type | Rating |
|---|---|
| Small overlap front: driver side | Acceptable |
| Small overlap front: commuter side | Not Tested |
| Medium overlap front | Good |
| Roof power | Good |
| Side | Good |
| Head restraints and seats | Good |
Review the loss probability rates for collision, property damage, comprehensive, PIP, medical payments, and bodily injuries for the Ford Mustang.
| Coverage Category | Loss amount |
|---|---|
| Collision | 79% |
| Property Damage | -20% |
| Comprehensive | 31% |
| Personal Injury | 9% |
| Medical Payment | 36% |
| Bodily Injury | 17% |
The following advice could help you lower your Ford Mustang insurance rates:
The recommended choice for discovering affordable insurance is Way.com. You may compare and choose various coverage options from top-rated insurers in less than a minute. Additionally, Way.com continuously tracks costs to ensure you receive the best protection.
You should shop around and compare prices first to get the best value on your coverage. The simplest action is to get a Ford Mustang insurance quote online, which you can easily do by using this website.
You may also call each insurer separately, but getting an online quotation is the fastest option. When you enter your zip code and finish their online forms, the companies will send you their quotes via email or on their websites. Or go to Way.com for further assistance!
If you drive a Ford Mustang, you appreciate dependability, utility, and long-lasting quality. Insurance is no different. Choose a provider who offers the proper solutions at a fair price and with friendly service. It can be intimidating to compare offers from several organizations.
The best resource for discovering affordable insurance is Way.com. You may compare and choose various coverage options from top-rated insurers in less than a minute. Additionally, Way.com continuously tracks costs to ensure you receive the best protection.
The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.
Quotes are typically based on a full coverage policy average unless otherwise noted within the content.
These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com
The average annual cost of a Ford Mustang is $1,620.
The full coverage insurance costs, on average for a Mustang, add up to $1,632 per year.
Insurance on a 2020 Mustang EcoBoost coupe costs $2,609 per year.
Insurance on Ford Mustangs is frequently pricey. According to the most recent data from the National Highway Traffic Safety Administration, Ford Mustangs are classified as sports cars and have high theft rates. These elements make the model riskier for insurers to cover, presumably resulting in increased insurance rates.
Your insurer may always classify Mustangs as sports cars, so you'll likely pay more regardless of trim.
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