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Ford Mustang insurance rates

Average insurance cost for your ‘Stang? $210. But you can go even cheaper — see rates from Geico.

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We pulled car insurance quotes from top insurance companies to find that the average monthly cost to insure a Ford Mustang is $209.62 a month — or $2,515.44 a year. However, your actual costs depend on your driving history, vehicle model and year, ZIP plus other factors. And some older models may cost less to insure than others depending on which safety features your vehicle has and which insurer you choose.

Model YearProgressiveGeicoState FarmFarmersAverage
2011 Ford Mustang$115.57$107.57$181.77$203.37$152.07
2016 Ford Mustang$143.41$131.96$240.57$247.03$190.74
2021 Ford Mustang$181.25$118.23$252.12$286.88$209.62

How we got these rates

Our rates are based on a single 30-year-old driver with a clean driving history living in California. California is one of seven states that doesn’t use gender to determine car insurance costs. We chose full coverage car insurance with liability limits that exceed the California state minimum requirements, which include:

  • Bodily injury liability per person: $50,000
  • Bodily injury liability per accident: $100,000
  • Property damage liability: $50,000
  • Comprehensive deductible: $500
  • Collision deductible: $500
  • Medical payments: $5,000
  • Uninsured motorist bodily injury: $50,000/$100,000
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How do I compare insurance for the Ford Mustang?

Introduced in 1965, the Ford Mustang is an iconic American muscle car that is currently in its sixth generation. The release of the Mustang spearheaded the “pony car” class of American muscle cars, affordable sports coupes by the likes of the Chevrolet Camaro and Dodge Challenger. Sports cars have different insurance needs than other cars, so it pays to compare the right coverage for your model.

  • Price. Be sure to use the same driver and vehicle details when getting quotes. This will help you compare similar coverage to find the best price.
  • Deductible. Your deductible amount can affect your premiums. Policies with higher deductibles often cost less than those with low deductibles.
  • Minimum coverage. Find out about your state’s minimum requirements before shopping around. Make sure that your state’s minimums are met before committing to a policy.
  • Additional coverage. Pet insurance and personal injury protection are two of many additional coverage options you may come across. Be sure to include any additional coverage when getting quotes to get an accurate estimate.
  • Extras. Find out what features are included as part of your policy. While some providers may include extras for free, others might charge a fee for them.
  • Restrictions. Find out if any restrictions apply to your policy to avoid gaps in coverage or denied claims.
  • Manufacturer offer or loyalty discount. Some automakers have partnerships with insurance providers. Find out if you are eligible for any manufacturer offers or loyalty discounts.
  • Warranty. Find out what’s covered by your manufacturer or extended warranty to avoid paying for overlapping coverage.

What factors affect car insurance rates for Ford Mustang?

Learn how the Mustang’s characteristics could affect the price you pay for auto insurance.

  • Body type. The Mustang is a two-door coupe that is designed for performance, which could raise the cost of insurance.
  • Type of car. Muscle cars like the Mustang have the potential to be driven more aggressively than other types of vehicles. This could lead to more expensive auto insurance.
  • Theft. Pony cars like the Mustang are some of the most frequently stolen types of vehicles, which could translate to higher insurance premiums,
  • Repairs. The Mustang has a fairly low average repair cost of just under $200. This could help bring down the cost of insurance.
  • Safety ratings. The Mustang has great safety features and crash test ratings, which could lead to auto insurance discounts.
  • Fuel type. The Ford Mustang runs on gas, making it cheaper to insure compared to diesel or hybrid vehicles.
  • Trim & packages. Choosing options that increase the Mustang’s power or price tag will likely lead to more expensive insurance. However, features that improve safety or visibility may have the opposite effect.

Does the Ford Mustang qualify for car insurance discounts?

You could save money on car insurance for your Ford Mustang if it comes equipped with these safety features.

  • Antilock brake discount
  • Antitheft discount
  • Passive restraint discount — airbags, motorized seat belts, etc.
  • Emergency roadside assistance discount

Ford Mustang safety and reliability ratings

The 2018 Ford Mustang has a 9.7/10 safety rating, according to U.S. News and J.D. Power. It also holds near-perfect scores in almost all categories from both the IIHS and NHTSA. All of these scores could help you save on auto insurance. U.S. News and J.D. Power give the Mustang a 4/5 star reliability rating, which is above average for vehicles in its class.

Launched in 1965, the Ford Mustang is currently in its sixth generation. The sports car provides a range of strong engines and is known for its comfortable ride, luxurious cabin and good safety scores.

The Ford Mustang was named on the Car and Driver Ten Best list for seven different years. In 2016, there were over 105,000 sales in the United States.

Ford Mustang maintenance

The Mustang is a powerful muscle car designed for speed and performance. It’s generally considered a reliable vehicle, but driving it frequently or at high speeds will put more strain on the engine and other parts. While it won’t need a great deal of maintenance if it’s treated properly, routine service appointments can ensure that your Mustang performs as it should.

  • Ford suggests an oil change every 7,500 miles for typical driving habits or 5,000 miles for heavier use. Most newer models come with the Intelligent Oil Monitor System, which will tell you when to change your oil.
  • An oil change should cost between $100 and $200 depending on how long it’s been since your last oil change and where you bring it for service.

Since your vehicle’s performance and price can directly affect the cost of insurance, the lower-end models should be cheaper to insure compared to the 500 horsepower Shelby GT350R, for example. However, the Mustang’s safety features may be eligible for auto insurance discounts, so you should compare your options to find out which provider can offer you the best price.

Is an extended warranty worth it for the Ford Mustang?

The Mustang comes with Ford’s three-year/36,000-mile new vehicle limited warranty and five-year/60,000 mile powertrain warranty. New vehicles also include five years/60,000 miles of corrosion protection and roadside assistance.

Ford offers a selection of extended service plans that can help protect your Mustang after the initial warranty expires. Available in multiple term lengths, these plans generally include OEM part replacements, rental car allowances, roadside assistance, service from licensed Ford technicians and more. Ford also offers two maintenance plans to cover recommended and scheduled servicing.

Bottom line

The Mustang is a relatively inexpensive muscle car that offers an exciting driving experience wherever you decide to take it. Depending on your choice of model and build options, the Ford Mustang is capable of over 500 horsepower.

That said, all Mustangs come equipped with great safety features and impressive crash test scores that may lead to auto insurance discounts. Compare your options to find out which provider has the best price for the coverage you need.

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Peter Carleton is a freelance writer that covers banking and investing, breaking down what you need to know about where you put your money. When Peter's not thinking about cutting-edge banking apps and robo-advisors, he runs a creative agency and spends his spare time cooking or reading. See full bio

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