Car Insurance CostsEcoBoostCompare the Cost of Ford Mustang EcoBoost Insurance by Model Year and Company
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Ford Mustang EcoBoost insurance costs vary greatly based on the driver's age and model year. A full coverage policy for a 16-year-old driver with a 2015 model costs $6,738 per year, while a similar policy for a 40-year-old is much cheaper at $1,481 per year. Insuring newer models also costs more, with a 2022 Ford Mustang EcoBoost costing 40-year-olds $1,704 per year and 16-year-olds $7,762.
MoneyGeek also ranked the best insurers by evaluating providers offering the best balance of affordability, service and claims handling experience.
Car Insurance CostsEcoBoostTable of Contents
Average Cost and Cheapest Companies for Insuring a Ford Mustang EcoBoost
Ford Mustang EcoBoost insurance costs $1,669 per year on average, but rates can vary widely depending on the provider you buy your policy from. State Farm offers the cheapest full coverage car insurance at $1,221 per year, while Allstate has the most expensive annual rates at $1,912.
State Farm also offers the cheapest car insurance for a Ford Mustang EcoBoost at $492 per year for minimum coverage. Progressive is the most expensive for a similar policy at $701 per year.
Is a Ford Mustang EcoBoost Expensive to Insure?
Insurers consider several factors to determine the cost of car insurance for a Ford Mustang EcoBoost. Although insurance costs for a Ford Mustang EcoBoost are moderately expensive, key aspects like its high theft rate, based on the latest National Highway Traffic Safety Administration (NHTSA) data, keep rates high.
Its relatively low MSRP of $28,400 and good safety profile mean that the Ford Mustang EcoBoost is not among the most expensive car models to insure.
Best Companies for Insuring a Ford Mustang EcoBoost
While affordability is important, you should also look for providers that offer the best service and claims handling experience when shopping for the best Ford Mustang EcoBoost insurance.
We found the best car insurance carriers for the Ford Mustang EcoBoost to be:
- State Farm: MoneyGeek score of 90 out of 100 ($1,221 per year)
- GEICO: MoneyGeek score of 86 out of 100 ($1,481 per year)
State Farm had the highest affordability rating and ranked second for customer satisfaction, meaning that its policyholders get great service at a reasonable price.
MoneyGeek Top Pick: State Farm
pros
Offers the least expensive rates out of the seven insurers we compared
Second-highest customer satisfaction rating
cons
Only offers a few coverage options
Low claims management score
COMPANY HIGHLIGHTS
State Farm ranked as the best Ford Mustang EcoBoost insurance provider because it provides customers with excellent service and charges the lowest annual premium at $1,221. Among the seven insurers in the comparison group, State Farm ranked highest for affordability and had the second-best customer satisfaction score.
State Farm has a limited selection of add-ons, but you can get essential coverages like roadside assistance from this insurer. This will cover the cost of emergency services when your Ford Mustang EcoBoost breaks down, including services like towing, mechanical labor or gas delivery.
State Farm also offers a rental car and travel reimbursement coverage option. Your policy will reimburse you for travel expenses incurred when your vehicle is undergoing repairs, including meals, lodging and transportation up to a limit of $500. Not to mention, State Farm will cover up to $500 of your deductible if you're involved in an accident with your rental vehicle
MoneyGeek Runner-Up: GEICO
pros
Charges the second-cheapest rates among the seven providers we analyzed
Excellent customer satisfaction score
Offers mechanical breakdown insurance (MBI)
cons
Poor claims management rating
Doesn’t offer gap insurance
COMPANY HIGHLIGHTS
GEICO is the second-best provider of Ford Mustang EcoBoost auto insurance. This provider ranked second for affordability and third for customer service among the insurers analyzed.
GEICO also offers unique add-ons like MBI. This coverage is ideal if you have a new Ford Mustang EcoBoost with less than 15,000 miles. It covers all the parts and systems in your vehicle, including those not covered by the dealer warranty, at a fraction of the cost.
GEICO also offers essential coverages, such as rental car and travel reimbursement and roadside assistance, to cover emergency services like towing, mechanical labor or battery delivery. Furthermore, with this insurer, you can purchase or earn accident forgiveness to avoid premium hikes after your first at-fault accident.
Cost of Insuring a Ford Mustang EcoBoost by Model Year
The average cost of car insurance for a Ford Mustang EcoBoost varies by model year. A 2022 model costs $1,704 per year to insure, while insurance for a 2015 model costs $1,481, which is $223 less. Newer models have higher values than older ones, hence the higher insurance costs they incur.
Your car's model year and the insurer you choose will impact the average car insurance costs for your Ford Mustang EcoBoost. State Farm offers the cheapest rates for a 2015 Ford Mustang EcoBoost at $1,168 per year and is also the least expensive provider for a 2022 model at $1,304 per year.
Cost of Insuring a Ford Mustang EcoBoost for 16- to 25-Year-Olds
Teens and drivers in their 20s pay more for car insurance than older adults in their 30s and 40s. An individual full coverage plan for a 16-year-old driver costs $7,339 per year, while a similar policy for a 40-year-old is significantly cheaper at an annual average of $1,609.
Teen car insurance costs decrease yearly as drivers age in their teens but remain steady in their 20s.
The most cost-effective way to get car insurance for teens is to add them to your existing family policy since individual plans are much more expensive. State Farm offers the least expensive individual teen policy for a 2022 model, charging $4,253 per year. Progressive, the most expensive provider for teenagers, charges $12,100 annually.
Families and teenagers should shop and compare rates from different providers to find the cheapest insurance.
How Does Location Affect the Cost of Ford Mustang EcoBoost Insurance?
Location can be even more important than age, model type and year in determining car insurance costs. For example, the average car insurance rates in Florida ($1,058) are much more expensive than in Idaho ($299) and other states.
To get the best rates for a Ford Mustang EcoBoost, compare quotes from the cheapest providers in your state.
Frequently Asked Questions About Ford Mustang EcoBoost Insurance
When shopping for the best Ford Mustang EcoBoost insurance, it’s normal to have questions about cost and service quality. We answered some commonly asked questions to help in your search.
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