Ford Mustang drivers can find full coverage car insurance for as low as $1,201 annually with USAA, while the cost can reach up to $6,766 for younger drivers. Insurance rates vary based on your Mustang's model year, your age, where you live, your driving history, the coverage level you choose and your insurer.
Ford Mustang Insurance Cost
Key Takeaways
State Farm and GEICO offer the cheapest annual rates for minimum coverage across all model years, with an affordable price of $490.
For a Ford Mustang, the average cost of car insurance is $565 for minimum coverage and $1,540 for full coverage per year.
MoneyGeek analyzed data, information and 4,183 quotes for a Ford Mustang from Quadrant Information Services.
Ford Mustang Insurance Rates
What Is the Average Ford Mustang Car Insurance Cost?
For a Ford Mustang, full coverage insurance averages $128 per month or $1,540 per year. This estimate is based on a 40-year-old male with a clean driving record. Minimum coverage costs around $47 monthly or $565 annually for the same driver.
| Minimum Liability | $565 |
| Full Coverage | $1,540 |
Read More: Average Cost of Car Insurance
Ford Mustang Insurance Costs by Company
Ford Mustang insurance costs range from $1,245 to $2,237 annually, depending on age, model year and coverage level. The table below compares average Ford Mustang insurance rates from various national and midsize providers with the average rates for all vehicles from the same insurers.
| Allstate | $1,815 | $1,809 | 0% |
| Auto-Owners Insurance Co | $1,245 | $1,226 | 2% |
| Farmers | $1,746 | $1,956 | -11% |
| GEICO | $1,466 | $1,330 | 10% |
| Kemper | $2,237 | $2,210 | 1% |
| Nationwide | $1,530 | $1,588 | -4% |
| Progressive | $1,937 | $1,739 | 11% |
| State Farm | $1,349 | $1,267 | 6% |
| Travelers | $1,662 | $1,519 | 9% |
| USAA | $1,254 | $1,198 | 5% |
Read More: Best Car Insurance Companies
Cost of Insuring a Ford Mustang by Model Year
The year your Ford Mustang was produced can significantly affect your insurance rates, with older models often being more affordable to insure. For instance, a 2022 model might cost $1,869 annually for full coverage, while a 2009 model could be as low as $1,206. Below, you'll find the average full and minimum coverage rates for each Ford Mustang production year.
| 2022 | $596 | $1,869 |
| 2021 | $599 | $1,843 |
| 2020 | $578 | $1,811 |
| 2019 | $607 | $1,786 |
| 2018 | $609 | $1,753 |
| 2017 | $575 | $1,669 |
| 2016 | $588 | $1,583 |
| 2015 | $576 | $1,498 |
| 2014 | $549 | $1,435 |
| 2013 | $568 | $1,371 |
| 2012 | $562 | $1,307 |
| 2011 | $538 | $1,274 |
| 2010 | $559 | $1,240 |
| 2009 | $556 | $1,206 |
Ford Mustang Insurance Costs by Driver Age
Ford Mustang insurance rates vary greatly by driver age. A 16-year-old pays $6,766 annually for full coverage, while a 40-year-old pays $1,546. Below are the average full coverage and state minimum rates for different age ranges.
| 16 | $2,622 | $6,766 |
| 17 | $2,144 | $5,550 |
| 18 | $1,871 | $4,887 |
| 19 | $1,333 | $3,503 |
| 20 | $1,197 | $3,182 |
| 21 | $954 | $2,570 |
| 22 | $872 | $2,363 |
| 23 | $809 | $2,202 |
| 24 | $768 | $2,092 |
| 25 | $673 | $1,856 |
| 26 | $656 | $1,799 |
| 27 | $640 | $1,758 |
| 28 | $629 | $1,730 |
| 29 | $620 | $1,705 |
| 30 | $598 | $1,638 |
| 35 | $582 | $1,581 |
| 40 | $576 | $1,546 |
| 45 | $570 | $1,520 |
| 50 | $556 | $1,470 |
| 55 | $542 | $1,426 |
| 60 | $542 | $1,422 |
| 65 | $576 | $1,466 |
| 70 | $625 | $1,569 |
| 75 | $693 | $1,723 |
| 80 | $784 | $1,917 |
| 85 | $848 | $2,057 |
| 90 | $895 | $2,156 |
Ford Mustang Insurance Rates Explained
There are a number of factors that will affect a driver's car insurance rates based on their driver profiles. However, auto insurance providers will also take into account factors that are tied to the vehicle you drive. Below is a breakdown of the cost factors related to your vehicle, such as its make, model, age and safety features.
Ford Mustang Rates vs. National Average
All Vehicles
Average Full Coverage Rate
$1,296Ford Mustang
Average Full Coverage Rate
$1,540Premiums for Ford Mustangs are:$244 more
This is 19% more expensive.
Value
The MSRP of a Ford Mustang is $62,230. This vehicle is considered a high-performance car. Its MSRP affects how much insurers charge for coverage.
Repair Costs
The annual repair cost for a Ford Mustang is $709, which is below the national average. Factors like the difficulty of replacing parts, labor costs and waiting time can determine if the vehicle has an expensive or cheap car insurance cost.
Performance
The Ford Mustang has a 0 to 60 time of 0 seconds and horsepower levels between 480 and 500, classifying it as a high-performance vehicle. Insurers tend to associate high performance with risky behavior, which can lead to higher insurance costs.
Vehicle Age
Newer cars like the Ford Mustang are typically more expensive to insure than older vehicles. An exception to this rule is collector and classic vehicles, which can be very expensive to insure.
Safety Features
Safety features like stability control, airbags and antilock brakes can qualify your vehicle for insurance discounts. The Ford Mustang includes these features to reduce the risk of accidents.
Vehicle Size
Since property damage usually increases with vehicle mass, larger vehicles cost more to insure than smaller ones. The Ford Mustang is a larger vehicle, which may cause it to cost more to insure compared to smaller vehicles from Ford.
Trim Level
Vehicles with a higher trim level often feature more premium upgrades like leather interior and sound systems, leading to a higher MSRP. This leads vehicles with a higher trim level to cost more to insure, for example, Ford's higher trim level will cost more than the base model to insure.
Theft Rates
Vehicles that are more at risk to be stolen will cost more to insure as companies will see it as more of a risk. The Ford Mustang has a higher tendency to be stolen, which can lead to higher insurance rates.
Cheapest Ford Mustang Insurance
GEICO offers the cheapest annual minimum coverage rate for a Ford Mustang at $490. This rate is for a 40-year-old male driver with a clean driving record. Below is a breakdown of the most affordable Ford Mustang insurance rates across various factors, such as coverage levels, age groups and driving records.
Cheapest Ford Mustang Insurance by Coverage Level
The coverage level you choose for your Ford Mustang greatly influences your insurance rate. GEICO offers the most affordable state minimum coverage, while State Farm provides the cheapest full coverage. Below is a breakdown of the cheapest provider for both coverage types.
Cheapest Ford Mustang Minimum Coverage
For Ford Mustang owners, State Farm and GEICO offer the most affordable state minimum coverage at $41 per month. Travelers follows closely at $47. Nationwide and Farmers provide competitive rates too, each at $51 monthly.
| USAA | $32 | $390 |
| GEICO | $41 | $490 |
| State Farm | $41 | $490 |
| Travelers | $47 | $563 |
| Nationwide | $51 | $610 |
| Farmers | $51 | $612 |
| Allstate | $54 | $646 |
| Progressive | $54 | $651 |
*GEICO offers the lowest average minimum liability insurance rates for non-military affiliated Ford Mustang owners. Otherwise, USAA would be the most affordable option.
Best Ford Mustang Insurance Rates by Model Year
The above list doesn't consider your Ford Mustang's production year, so lower rates may be available based on your vehicle's age. Check the table below to filter and find the cheapest minimum coverage rates for each production year.
Data filtered by:Results filtered by:
Select
Model Year:2009
| Allstate | $650 | $54 |
| Farmers | $576 | $48 |
| GEICO | $521 | $43 |
| Nationwide | $539 | $45 |
| Progressive | $655 | $55 |
| State Farm | $426 | $36 |
| Travelers | $549 | $46 |
| USAA | $390 | $33 |
*USAA is only available for military veterans, active servicemembers, and their families
Read More: Cheapest Liability-Only Car Insurance
Cheapest Full Coverage Ford Mustang Insurance
State Farm offers the lowest full coverage insurance for a Ford Mustang at $1,312 annually or $109 monthly. Below is the complete list of providers and rates for full coverage car insurance for a Ford Mustang.
| USAA | $100 | $1,201 |
| State Farm | $109 | $1,312 |
| GEICO | $119 | $1,424 |
| Nationwide | $120 | $1,441 |
| Farmers | $136 | $1,636 |
| Travelers | $137 | $1,642 |
| Allstate | $145 | $1,735 |
| Progressive | $156 | $1,871 |
*On average, State Farm is the cheapest insurer for non-military affiliated Ford Mustang owners seeking a full coverage policy. Otherwise, USAA would be the most affordable option.
Read More: Cheapest Full Coverage Car Insurance
Cheapest Ford Mustang Insurance by Age
Younger drivers aged 16-25 and seniors aged 55 and up often face higher insurance costs for Ford Mustangs. Finding affordable rates is key for many in these age groups. Below is a breakdown of the cheapest Ford Mustang insurance options by age.
Cheapest Ford Mustang Insurance for Young Drivers
For young Ford Mustang drivers aged 16-25, State Farm offers the cheapest insurance with an annual rate of $1,078 and a monthly rate of $90 for minimum coverage. Below is a table highlighting the complete list of cheapest auto insurance for Ford drivers.
| USAA | $67 | $806 |
| State Farm | $90 | $1,078 |
| GEICO | $96 | $1,155 |
| Travelers | $98 | $1,172 |
| Allstate | $121 | $1,455 |
| Nationwide | $133 | $1,596 |
| Farmers | $138 | $1,654 |
| Progressive | $159 | $1,912 |
*State Farm is the cheapest insurer for non-military affiliated young drivers, but otherwise, USAA would be the most affordable option.
Read More: Car Insurance for Young Drivers
Cheapest Ford Mustang Insurance for Seniors
USAA offers the cheapest car insurance for seniors aged 55 and up, with rates starting at $43 monthly and $518 annually. The full list of affordable Ford Mustang insurers is highlighted below:
| USAA | $43 | $518 |
| State Farm | $45 | $540 |
| GEICO | $48 | $581 |
| Travelers | $56 | $675 |
| Nationwide | $60 | $716 |
| Allstate | $65 | $782 |
| Progressive | $67 | $800 |
| Farmers | $68 | $821 |
*State Farm is the cheapest insurer for senior non-military affiliated Ford Mustang owners. Otherwise, USAA would be the most affordable option.
Read More: Best Cheap Car Insurance for Seniors
Cheapest Ford Mustang Insurance After an Accident
State Farm, GEICO and Travelers offer the cheapest car insurance for Ford Mustang drivers after an accident. See the complete list below.
| USAA | $49 | $591 |
| State Farm | $51 | $614 |
| GEICO | $64 | $768 |
| Travelers | $67 | $800 |
| Allstate | $73 | $876 |
| Nationwide | $77 | $930 |
| Progressive | $88 | $1,056 |
| Farmers | $103 | $1,238 |
Read More: Cheapest Car Insurance After an Accident
Ford Mustang Insurance Cost: Bottom Line
Make it a habit to compare car insurance rates from different providers to find the cheapest option. In this article, we explored Ford Mustang insurance, detailing costs across various demographics and the most affordable providers.
Ford Mustang Insurance Rates: FAQ
Below are some common questions about the cost of insuring a Ford Mustang, including details on state minimum coverage.
What company has the cheapest car insurance for a Ford Mustang?
The cheapest car insurance provider for a Ford Mustang is a tie between State Farm and GEICO, each offering an annual liability rate of $490.
What is the average cost of car insurance for a Ford Mustang?
The average cost for state minimum liability insurance for a Ford Mustang is $565 annually, while the rate for full coverage insurance is around $1,540 per year. Mustang owners should consider their coverage options carefully, weighing both protection levels and associated costs.
Ford Mustang Insurance Ratings: Our Review Methodology
MoneyGeek analyzed data, information and 4,183 quotes for a Ford Mustang from Quadrant Information Services.
Drivers and Cars
MoneyGeek used a sample driver profile with the following characteristics to calculate the average rates for insuring a Ford Mustang:
- 40-year-old male
- Clean driving record
- 12,000 miles driven annually
We also modified the sample driver profile to determine Ford Mustang insurance rates for different age groups, driving records and model years. MoneyGeek collected data for the following model years:
- 2012
- 2013
- 2014
- 2015
- 2016
- 2017
- 2018
- 2019
- 2020
- 2021
- 2022
If data on specific model years wasn’t available, our data scientists interpolated expected rates based on how individual insurers tend to price car models year by year. Our published rates are simply estimates and may not reflect the actual rate that you’ll receive for your Ford Mustang.
Coverage Levels
Each state differs in minimum coverage requirements, so our rates are a combination of minimum coverage policies in the states where we gathered our data.
MoneyGeek’s analysis also includes average rates for a full coverage policy that includes comprehensive and collision coverage (with a $1,000 deductible) and the following increased liability coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $100,000 property damage liability per accident
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.