Key Takeaways
The Ford Mustang insurance cost can be cut down in several ways. Though the insurance rates depend on various factors, such as car residual value, model year, trim levels, etc., certain variables among these factors can be altered. Go through the Ford Mustang insurance rates for selective model years. And learn the best methods to find cheap Ford Mustang insurance quotes.
The Ford Mustang is an iconic American muscle car known for its bold styling, powerful performance, and modern features. However, insuring a Mustang is expensive due to factors like its performance capabilities and repair costs. Additionally, insurance premiums are influenced by the model year, trim level, the driver's age, and driving history. It's essential to consider these factors and shop around for cheap Ford Mustang insurance quotes with the best coverage that suits your needs and budget.
The average cost to insure a Ford Mustang is around $1,884 per year, but you can lower your premiums by choosing the right insurance provider. Shopping around and comparing options can help you find the best deal for your coverage needs. With Way.com, getting a free quote is quick and hassle-free. You can compare multiple vetted providers in minutes and secure the best Ford Mustang car insurance quote.
Several factors can impact your Ford Mustang auto insurance rates. The given is some of the common factors:
Older Ford Mustang models usually have lower insurance costs since newer versions come with more advanced features and technology. However, certain older models may have higher insurance rates due to rare and expensive replacement parts and a lack of modern safety features. The average yearly insurance for a 2020 Ford Mustang is $1,898 .
| Model Year | Average Annual Cost | Average Monthly Cost |
|---|---|---|
| 2020 Ford Mustang | $1,898 | $158 |
| 2019 Ford Mustang | $1,925 | $160 |
| 2017 Ford Mustang | $1,571 | $131 |
| 2016 Ford Mustang | $2,285 | $190 |
| 2015 Ford Mustang | $1,234 | $103 |
| 2014 Ford Mustang | $1,151 | $96 |
| 2013 Ford Mustang | $1,106 | $92 |
| 2012 Ford Mustang | $1,041 | $87 |
| 2011 Ford Mustang | $1,006 | $84 |
Allied provides the most affordable Ford Mustang insurance rates, with an annual premium of $780. However, the lowest price doesn't always mean the best value. It's essential to compare coverage options carefully and ensure the policy includes all the features you need.
| Company | Average Monthly Premium | Average Annual Premiums |
|---|---|---|
| Allied | $65 | $780 |
| Nationwide | $99 | $1,182 |
| Tennessee Farmers | $110 | $1,317 |
| American Family | $111 | $1,329 |
| Vermont Mutual | $116 | $1,394 |
| State Farm | $117 | $1,396 |
The average annual premium cost to insure a 2020 Ford Mustang is $1,898. However, Nationwide offers cheap Ford Mustang car insurance rates at an average annual premium of $1,182.
| Company | Average Annual Cost | Average Monthly Cost |
|---|---|---|
| Nationwide | $1,182 | $99 |
| Tennessee Farmers | $1,317 | $110 |
| American Family | $1,329 | $111 |
| Vermont Mutual | $1,394 | $116 |
| State Farm | $1,396 | $116 |
| Mercury | $1,485 | $124 |
| USAA | $1,504 | $125 |
| Auto Owners | $1,674 | $140 |
| Plymouth Rock Insurance | $1,725 | $144 |
| Southern Farm Bureau | $1,770 | $148 |
| 21st Century | $1,773 | $148 |
The average annual premium cost to insure a 2019 Ford Mustang is $1,925. However, USAA offers the cheapest Ford Mustang insurance rates at an annual premium of $1,206.
| Company | Average Annual Cost | Average Monthly Cost |
|---|---|---|
| USAA | $1,206 | $101 |
| Nationwide | $1,249 | $104 |
| Cincinnati Insurance | $1,281 | $107 |
| Auto Owners | $1,281 | $107 |
| Mercury | $1,454 | $121 |
| State Farm | $1,461 | $122 |
| Erie | $1,640 | $137 |
| American Family | $1,659 | $138 |
| Acuity | $1,704 | $142 |
| Southern Farm Bureau | $1,751 | $146 |
| Plymouth Rock Insurance | $1,751 | $146 |
| Safeco | $1,788 | $149 |
The average annual premium cost to insure a 2017 Ford Mustang is $1,571. However, Erie offers the cheapest Ford Mustang car insurance rates at an average annual premium of $956.
| Company | Average Annual Cost | Average Monthly Cost |
|---|---|---|
| Erie | $956 | $80 |
| Texas Farm Bureau | $1,025 | $85 |
| Quincy Mutual | $1,091 | $91 |
| USAA | $1,177 | $98 |
| Progressive | $1,219 | $102 |
| State Farm | $1,246 | $104 |
| Plymouth Rock Insurance | $1,322 | $110 |
| Tennessee Farmers | $1,328 | $111 |
| Nationwide | $1,412 | $118 |
| Mercury | $1,661 | $138 |
| American Family | $1,871 | $156 |
| Country | $1,933 | $161 |
The average annual premium cost to insure a 2016 Ford Mustang is $2,285. However, Nationwide offers the cheapest Ford Mustang auto insurance rates at an annual premium of $1,094.
| Company | Average Annual Cost | Average Monthly Cost |
|---|---|---|
| Nationwide | $1,094 | $91 |
| Erie | $1,184 | $99 |
| Tennessee Farmers | $1,212 | $101 |
| American Family | $1,225 | $102 |
| USAA | $1,403 | $117 |
| State Farm | $1,414 | $118 |
| Mercury | $1,529 | $127 |
| 21 st Century | $1,613 | $134 |
| Plymouth Rock Insurance | $1,691 | $141 |
| Vermont Mutual | $1,697 | $141 |
| Farmers | $1,854 | $155 |
The average annual Ford Mustang insurer cost for a 2015 model is $1,234. However, Erie offers the cheapest rates at an annual premium of $855.
| Company | Average Annual Cost | Average Monthly Cost |
|---|---|---|
| Erie | $855 | $71 |
| Texas Farm Bureau | $858 | $72 |
| USAA | $1,022 | $85 |
| Quincy Mutual | $1,035 | $86 |
| Progressive | $1,112 | $93 |
| State Farm | $1,120 | $93 |
| Vermont Mutual | $1,163 | $97 |
| Tennessee Farmers | $1,180 | $98 |
| Plymouth Rock Insurance | $1,185 | $99 |
| Acuity | $1,235 | $103 |
| Country | $1,339 | $112 |
The average annual premium cost to insure a 2014 Ford Mustang is $1,151. However, the Texas Farm Bureau offers the cheapest Ford Mustang car insurance quotes with an annual premium of $756.
| Company | Average Annual Cost | Average Monthly Cost |
|---|---|---|
| Texas Farm Bureau | $756 | $63 |
| Erie | $856 | $71 |
| Vermont Mutual | $948 | $79 |
| USAA | $982 | $82 |
| Tennessee Farmers | $1,005 | $84 |
| Quincy Mutual | $1,007 | $84 |
| Acuity | $1,084 | $90 |
| Plymouth Rock Insurance | $1,119 | $93 |
| Country | $1,185 | $99 |
| State Farm | $1,196 | $100 |
| American Family | $1,222 | $102 |
The average annual premium cost to insure a 2013 Ford Mustang is $1,106. However, the Texas Farm Bureau offers the cheapest Ford Mustang insurance at an annual premium of $740.
| Company | Average Annual Cost | Average Monthly Cost |
|---|---|---|
| Texas Farm Bureau | $740 | $62 |
| Erie | $769 | $64 |
| USAA | $920 | $77 |
| Vermont Mutual | $940 | $78 |
| Quincy Mutual | $979 | $82 |
| Tennessee Farmers | $1,011 | $84 |
| State Farm | $1,050 | $88 |
| Acuity | $1,069 | $89 |
| Plymouth Rock Insurance | $1,085 | $90 |
| American Family | $1,174 | $98 |
| Arbella | $1,205 | $100 |
The average annual premium cost to insure a 2012 Ford Mustang is $1,041. However, the Texas Farm Bureau offers cheap Ford Mustang car insurance quotes with an annual premium of just $720.
| Company | Average Annual Cost | Average Monthly Cost |
|---|---|---|
| Texas Farm Bureau | $720 | $60 |
| Erie | $738 | $62 |
| USAA | $809 | $67 |
| Vermont Mutual | $872 | $73 |
| State Farm | $919 | $77 |
| Quincy Mutual | $955 | $80 |
| Tennessee Farmers | $977 | $81 |
| Acuity | $1,008 | $84 |
| Plymouth Rock Insurance | $1,041 | $87 |
| American Family | $1,165 | $97 |
| Progressive | $1,185 | $99 |
The average annual premium cost to insure a 2011 Ford Mustang is $1,006. However, the Texas Farm Bureau offers the cheapest Ford Mustang insurance rates at an annual premium of $696.
| Company | Average Annual Cost | Average Monthly Cost |
|---|---|---|
| Texas Farm Bureau | $696 | $58 |
| Erie | $736 | $61 |
| USAA | $782 | $65 |
| Vermont Mutual | $815 | $68 |
| Quincy Mutual | $930 | $78 |
| State Farm | $936 | $78 |
| Tennessee Farmers | $943 | $79 |
| Plymouth Rock Insurance | $1,012 | $84 |
| Arbella | $1,012 | $84 |
| Progressive | $1,094 | $91 |
| American Family | $1,116 | $93 |
The Ford Mustang comes with a range of safety features. These advanced features can help reduce the Ford Mustang insurance rates when you apply.
Some of the installed features include:
Along with safety features, cars with good safety ratings also tend to get lower premiums. Tests conducted by independent organizations such as IIHS or federal bodies such as NHTSA are valid. Good ratings in these tests can improve the trust of insurers in the specific model and give the best Ford Mustang auto insurance rates. Here are the overall ratings for the Ford Mustang based on various tests conducted by IIHS.
| Test | Ratings |
|---|---|
| Small Overlap Front: Driver-Side | Acceptable |
| Moderate Overlap Front: Original Test | Good |
| Side: Original Test | Good |
| Roof Strength | Good |
| Head Restraints and Seats | Good |
Download the Way app or visit Way.com to kickstart your auto insurance journey and receive a free quote in minutes! With access to offers from over 150 top insurance providers, our platform lets you compare options and choose the best policy for your Ford Mustang in as little as 60 seconds.
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
Way.com’s Insurance Broker Quote Data
Yes, the Ford Mustang insurance cost is higher than regular cars. While the model year, trim level, etc., do affect car insurance rates, high-performance sports cars like the Ford Mustang are profiled in the high-risk category. This makes the Ford Mustang insurance cost relatively higher for its owners.
High-performance cars like the Ford Mustang are riskier for insurance because of their speed and repair costs. Additionally, newer models have advanced technology and features that boost repair costs and insurance prices.
A clean driving record can help lower your insurance premiums, while traffic violations or DUIs can lead to higher rates. Insurers view drivers with a history of safe driving as less risky, often offering them better Ford Mustang rates.
Yes, newer models often have higher insurance premiums due to their increased value and advanced features. On the other hand, older models might be less expensive to insure. However, certain old Mustang models may be classified as classics, which can also affect Ford Mustang car insurance rates.
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