Compare the Cost of Ford Mustang Mach-E Insurance by Model Year and Company

Insuring a Ford Mustang Mach-E costs $1,784 per year on average, which is more expensive compared to other cars. Your rates to insure a Ford Mustang Mach-E will depend on several factors, such as the insurer you choose and the model year of your vehicle.

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Last Updated: 10/31/2022
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Insurance companies may offer varying quotes to insure the same Ford Mustang Mach-E, so it’s important to compare rates from multiple insurers. Additionally, the year of manufacture of your Ford Mustang Mach-E is an important factor that insurers evaluate when determining premiums.

Key Takeaways for Ford Mustang Mach E Insurance

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Insuring a Ford Mustang Mach-E costs $357 more than the average vehicle.

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Your choice of insurer for your Ford Mustang Mach-E can change your insurance cost by as much as $1,393 per year.

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If you own a newer model of the Ford Mustang Mach-E, you may have to pay more for insurance. The model year of your car also affects its insurance cost.

How Much It Costs to Insure a Ford Mustang Mach-E and the Cheapest Company

The average cost of insurance for a Ford Mustang Mach-E is $1,784 per year. However, this may change depending on the insurance provider you choose.

USAA is the cheapest insurer for Ford Mustang Mach-E drivers at about $1,295 annually. This is $1,393 cheaper than Allstate, the most expensive insurer for this vehicle. However, these policies are only available to military families.

For most drivers, the company that provides the cheapest insurance for the Ford Mustang Mach-E is Progressive at roughly $1,554 per year.

The Average Annual Cost of Ford Mustang Mach-E Insurance by Company

MoneyGeek obtained prices for full coverage policies from multiple insurers. The base driver is a 40-year-old male with a Ford Mustang Mach-E and 100/300/100 liability insurance with comprehensive and collision coverage.

The Average Cost to Insure a Ford Mustang Mach-E by Company

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Insurance Rates

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Is a Ford Mustang Mach-E Expensive to Insure?

Auto insurance companies take several factors into account when determining premiums. Insurance for a Ford Mustang Mach-E is expensive since it is an electric car that has higher repair costs.

Insurers tend to charge more for drivers who own a sports car like the Ford Mustang Mach-E. They consider most sports car drivers risky to insure since they are more likely to get into accidents.

Additionally, data from the National Highway Traffic Safety Administration shows that the Ford Mustang Mach-E has higher theft rates. Cars that are more prone to theft are riskier to insure.

All these factors contribute to the high insurance rates for the Ford Mustang Mach-E.

The Best Car Insurance Company for a Ford Mustang Mach-E

Cost shouldn't be the only consideration when choosing an insurance company. MoneyGeek evaluated the best car insurance companies for the Ford Mustang Mach-E by taking into account multiple factors, including cost, service quality, financial stability and customer grievances.

  • USAA scored highest on our rating system, but it is only available to military families.
  • State Farm is the best insurer for non-military Ford Mustang Mach-E drivers.

1
USAA
Score:99

5/5

Affordability

4.5/5

Claims Ratings

5/5

User Satisfaction

5/5

Financial Stability

2
State Farm
Score:87

4.6/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

5/5

Financial Stability

3
Progressive
Score:85

4.6/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

4
Nationwide
Score:85

4.5/5

Affordability

4.5/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

5
GEICO
Score:85

4.6/5

Affordability

3.5/5

Claims Ratings

3/5

User Satisfaction

5/5

Financial Stability

6
Allied
Score:NaN

3.5/5

Affordability

#N/A

Claims Ratings

#N/A

User Satisfaction

#N/A

Financial Stability

7
Allstate
Score:69

3/5

Affordability

4.5/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

How Much It Costs to Insure a Ford Mustang Mach-E by Model Year

Insurance costs for older vehicles are lower, as comprehensive and collision insurance becomes cheaper as a vehicle loses value over time.

However, the Ford Mustang Mach-E is a new vehicle with only one model year currently. The average cost to insure a 2021 Ford Mustang Mach-E is $1,784 per year. USAA offers the most affordable insurance for this vehicle at an average annual cost of $1,295. However, USAA only serves military families.

The Average Cost to Insure a Ford Mustang Mach-E by Model Year

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How Expensive Is It to Insure a Ford Mustang Mach-E Compared to Other Cars?

At $1,784 per year on average, insuring your Ford Mustang Mach-E is expensive when compared to other vehicles. In fact, this average rate is $357 more than the average insurance rate across all car models.

How Much It Costs to Insure a Ford Mustang Mach-E for 16- to 25-Year-Olds

If you are a young driver with a Ford Mustang Mach-E, your insurance costs will be higher than those for an older driver. An 18-year-old driver may have to pay around $5,824 per year for a Ford Mustang Mach-E, which is $4,040 more than a 40-year-old driver of the same vehicle could pay.

Parents can add young drivers to their policy to save on insurance costs. Purchasing a separate policy for your teen may be significantly more expensive.

If you are between 16 and 25, you can refer to the below table and find the average annual rates for your age.

The Average Cost to Insure a Ford Mustang Mach-E by Driver Age

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  • Age
    Average Annual Rates
  • 16
    $7,467
  • 17
    $6,614
  • 18
    $5,824
  • 19
    $4,171
  • 20
    $3,723
  • 21
    $2,947
  • 22
    $2,715
  • 23
    $2,484
  • 24
    $2,332
  • 25
    $2,116
  • 40
    $1,784

How Does Location Affect the Cost of Ford Mustang Mach-E Insurance?

All insurance rates mentioned here are national averages. Ford Mustang Mach-E insurance may differ significantly based on where you live. If you want to know how much you may have to pay for insurance in your state of residence, our state page analysis can help.

FAQs About Ford Mustang Mach-E Insurance

The model of your vehicle and the insurer you choose are only two factors that can impact insurance costs. These frequently asked questions about Ford Mustang Mach-E insurance rates can help you learn more.

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About the Author


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Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.