2023 Ford Mustang Car Insurance Calculator

View in real-time how changing risk factors impact the insurance cost for a 2023 Ford Mustang. Customize policy discounts, trim level options, driving record, and coverage amounts to learn how each affects rates. Know immediately if and why the choice you make has an impact on insurance rates.

The average estimated car insurance premium for a 2023 Ford Mustang is $2,514 per year, or about $210 per month. This is based on a 40-year-old male driver with no prior driving violations or at-fault accidents. Comprehensive and collision deductibles are $500 and Uninsured and Underinsured Motorist (UM/UIM) coverage is included.

Annual Premium

$2,514

Cost Per Month

$210

The Annual Premium and Cost Per Month change instantly as you adjust calculator options.

If you change a factor that results in a higher insurance cost, the rates turn red. If you adjust a factor that saves money, the rates turn green. For a detailed explanation of each rate change, click the blue button above.

Quick Guide to Using the Insurance Rate Calculator

  1. Update Options: Adjust any settings in the form below.
  2. Observe Rate Changes: Watch how the Annual Premium at the bottom of the page changes.
  3. Get Detailed Insights: Click the blue up arrow button for an explanation of the rate change.

Key Features:

Ford Mustang Options

Driver Options

Insurability Factors

Policy Coverages

Calculated vs. Average Rate

Discover how your personalized car insurance rate compares to the average annual premium for a 2023 Ford Mustang.

As you adjust the calculator settings, the 'Your Rate' value dynamically shifts left or right on the rate range bar. This movement visually demonstrates how your rate compares to the typical insurance cost for this vehicle model.

For continuous comparison while you explore different settings, you have the option to pin this rate range bar to the bottom of your screen.

$2,514
Average Rate
Your Rate
$2,514

The 'Average Rate' is calculated based on default options for a typical driver profile: a 40-year-old married male with good credit, no prior accidents or violations, current car insurance coverage, and homeownership. The coverage includes collision and comprehensive coverage with $500 deductibles, liability limits of 100/300/100, and includes Uninsured/Underinsured Motorist and Medical Payments coverages.

The 'Average Rate' is a combined value for all 2023 Ford Mustang trim levels.

Insurance Rate Analysis

Your personalized insurance analysis will appear below after modifying any options in the calculator settings above.

Based on the default settings in the calculator options, the annual premium for a 2023 Ford Mustang is $2,514.

After making any changes in the calculator settings, this section will explain the choices that have a positive effect on either rates or coverage, as well as those that have a negative effect.

Factors That Favorably Influence Your Rates and Coverage

There are many things that have a positive effect on your rates, like being a mature driver, being married, having great credit, owning your home, and more.

Once you've fine-tuned the settings in our calculator, this section will provide an analysis of all the factors that have contributed to reducing your rates or improving your coverage options.

Factors That Could Increase Rates or Result in Coverage Gaps

Certain circumstances may lead to higher insurance rates or potential gaps in your coverage. These include life events such as being involved in at-fault accidents, incurring driving violations, experiencing lapses in coverage, or simply being a younger driver. While not all of these factors are within your control, many can be managed to mitigate their impact.

As you adjust the settings in our calculator, this section will detail and explain all the factors that have contributed to higher rates or reduced levels of coverage.

2023 Ford Mustang vs. the Sports Car Segment

The table below compares insurance rates for the 2023 Ford Mustang against all other models in the sports car segment. The Ford Mustang is highlighted in light orange, and the segment's average insurance rate is in light blue.

Annual Premium values in the table are based on the current selections in the rate calculator settings.

The Difference column indicates the annual premium variance between each model shown and the Ford Mustang, with green values denoting cheaper rates and red values indicating more expensive rates compared to the Ford Mustang.

After choosing a vehicle trim level in the calculator options, the rates shown will reflect your choice.

2023 Ford Mustang Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Mazda MX-5 Miata$2,104-$410
2Audi TT$2,364-$150
3BMW Z4$2,488-$26
4Subaru WRX$2,508-$6
5Ford Mustang$2,514--
6Nissan Z$2,554$40
7Toyota GR Supra$2,596$82
8Toyota GR86$2,628$114
9BMW M2$2,646$132
10Subaru BRZ$2,740$226
11Chevrolet Corvette$2,818$304
12BMW M3$2,876$362
13Lexus RC F$2,930$416
14Porsche 718$2,938$424
15Chevrolet Camaro$2,976$462
2023 Sports Car Average$3,120$606
16Mercedes-Benz AMG GT53$3,170$656
17Jaguar F-Type$3,274$760
18Porsche Taycan$3,352$838
19BMW M4$3,390$876
20Dodge Challenger$3,432$918
21Lexus LC 500$3,438$924
22Porsche 911$3,740$1,226
23Acura NSX$4,236$1,722
24Audi R8$4,374$1,860
25Mercedes-Benz SL 55$4,382$1,868
26Mercedes-Benz SL 63$4,664$2,150

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all trim levels for each model.

2023 Mustang Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2023 Ford Mustang.

Annual Premium and Cost Per Month values show in the table are based on the current selections in the rate calculator settings. After setting the trim level option in the calculator settings, it will be highlighted in the table.

2023 Ford Mustang Insurance Rates by Trim Level
2023 Ford Mustang Trim Level Annual Premium Cost Per Month
Ecoboost Fastback$2,194$183
Ecoboost Premium Fastback$2,260$188
Ecoboost Convertible$2,368$197
GT Fastback$2,418$202
Ecoboost Premium Convertible$2,458$205
GT Premium Fastback$2,568$214
GT Premium Convertible$2,614$218
Mach-1$2,682$224
Mach-1 Premium$2,728$227
Shelby GT500$2,866$239

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included.

Insurance Rates by Driver Age

The table below shows average car insurance rates for the 2023 Ford Mustang for different driver ages.

2023 Ford Mustang Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$8,956$746
17$8,662$722
18$7,736$645
19$7,057$588
20$5,407$451
21$5,159$430
22$4,618$385
23$3,807$317
24$3,596$300
25$2,918$243
30$2,680$223
35$2,588$216
40$2,514$210
45$2,354$196
50$2,232$186
55$2,082$174
60$2,086$174
65$2,220$185
70$2,404$200
75$2,834$236
80$3,484$290

Data Methodology: Rated driver is male and has no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Drivers under the age of 25 are considered single, while drivers 25 and over are rated as married. Annual premium is averaged for all Ford Mustang trim levels.