Ford Mustang vs. Chevy Camaro – Which Insurance is Cheaper?

• When comparing the newest models, a Ford Mustang has less-expensive car insurance than a Chevrolet Camaro by an average of $484 per year.
• For a 2024 Chevrolet Camaro, rates range from $2,260 to $2,876 per year, while insurance on a 2024 Ford Mustang ranges from $2,628 to $3,814 for full-coverage.
• Average car insurance cost per month for the Chevrolet Camaro is 16.7% more expensive than the Ford Mustang, at $220 versus $260, a difference of $40.
• Out of 23 models in the 2024 sports car segment, the Chevrolet Camaro ranks 13^th and the Ford Mustang ranks third for most affordable car insurance rates.

Is car insurance cheaper on a Camaro or Mustang?

For 2024 Ford Mustang and Chevrolet Camaro models, the model with the lower car insurance rates is the Ford Mustang. Insurance rates on a Ford Mustang cost an average of $2,634 per year, while insurance for the Chevrolet Camaro costs an average of $3,118 per year.

Out of nine Ford Mustang trims, the cheapest 2024 trim to insure is the Ecoboost Fastback trim at an average cost of $2,260 per year, or around $188 per month.

Out of the 14 trims available for the Chevrolet Camaro, the cheapest 2024 trim to insure is the 1LT Convertible trim at a cost of $2,628 per year, or about $219 per month.

When comparing car insurance rates for both models by trim level, the lowest-cost model and trim level is the Ford Mustang Ecoboost Fastback at a cost of $2,260 per year. The most expensive vehicle to insure is the Chevrolet Camaro ZL1 Coupe at an average cost of $3,814 per year.

The table shown below compares the annual and monthly cost of car insurance for 2024 Ford Mustang and Chevrolet Camaro models, broken down by individual trim level.

The chart shown below demonstrates the average cost to insure both models for a range of driver ages. Average car insurance cost ranges from $2,340 to $5,272 per year for a 2024 Ford Mustang, and $2,776 to $6,250 for a 2024 Chevrolet Camaro for these driver ages.

The two tables below display the cost to insure the available trim levels for both 2024 models, as well as an average rate for each model. The winner for the 2024 car insurance comparison is the Ford Mustang.

2023 Ford Mustang vs. Chevrolet Camaro

Insurance on a 2023 Ford Mustang costs an average of $2,576 per year, and insurance for a 2023 Chevrolet Camaro costs an average of $3,050 per year, making the Ford Mustang the cheaper of the two models to insure.

Out of 10 trims for the 2023 Ford Mustang, the cheapest average car insurance prices are on the Ecoboost Fastback trim at a cost of $2,244 per year.

Out of the 15 trims available for the Chevrolet Camaro, the cheapest 2023 trim to insure is the 1LT Convertible model at a cost of $2,750.

When looking at the aggregated rates by trim for both models, the cheapest trim to insure is the Ford Mustang Ecoboost Fastback at an average of $2,244 per year, and the highest-cost model and trim is the Chevrolet Camaro ZL1 Coupe at an average cost of $3,536 per year.

The table below ranks the 12-month and monthly car insurance cost for 2023 Ford Mustang and Chevrolet Camaro models, showing average premium cost for each trim level.

The chart shown below displays the average cost to insure both models for four different driver age groups. The average car insurance cost ranges from $2,286 to $5,168 per year for a 2023 Ford Mustang, and $2,712 to $6,118 for a 2023 Chevrolet Camaro for the age groups used in the chart.

The tables shown below illustrate trim level insurance cost averages for both 2023 models, including the average rate for each model. The winner for the 2023 car insurance rate comparison is the Ford Mustang.

2022 Ford Mustang vs. Chevrolet Camaro

Average car insurance on a 2022 Chevrolet Camaro costs $3,050 per year and Ford Mustang insurance costs an average of $2,576 per year. That’s a difference of $474 or 16.9%, which means the Ford Mustang costs less to insure on average.

For model years prior to 2022, average auto insurance costs for each model compare as shown in the list below. Click on a model year to read the complete cost comparisons.

• 2021 Models – Cheaper model to insure: Ford Mustang
• 2020 Models – Cheaper model to insure: Ford Mustang
• 2019 Models – Cheaper model to insure: Ford Mustang
• 2018 Models – Cheaper model to insure: Ford Mustang
• 2017 Models – Cheaper model to insure: Chevrolet Camaro
• 2016 Models – Cheaper model to insure: Ford Mustang
• 2015 Models – Cheaper model to insure: Ford Mustang

The next sections break down average car insurance rates for the Mustang and Camaro. Charts compare average overall rates, and tables compare trim level rates for each of the two sports cars.

2022 Mustang vs Camaro Insurance Cost

The table below compares annual and monthly car insurance cost for the 2022 Ford Mustang and Chevrolet Camaro. Rates for both models are combined and sorted from lowest to highest cost to allow for easy comparison by trim level.

The bar chart below compares average Ford Mustang insurance to average Chevy Camaro insurance in order to determine which 2022 model has cheaper car insurance rates.

The tables below detail insurance rates for all trim levels of 2022 Mustang and Camaro models. The 2022 Ford Mustang has an average insurance cost of $2,308 and the 2022 Chevrolet Camaro is $3,030, making the Ford Mustang cheaper by $722 per year.

2021 Ford Mustang vs. Chevrolet Camaro

For the 2021 Ford Mustang and Chevrolet Camaro models, the Ford Mustang has cheaper car insurance rates by an average of $524 per year.

The chart below illustrates the average cost to insure both models using drivers aged 20 to 50. For a 2021 Ford Mustang, insurance cost ranges from $2,014 to $4,538 per year for these driver ages. A 2021 Chevrolet Camaro costs from $2,494 to $5,644 to insure per year.

Out of 12 trims for the 2021 Ford Mustang, the cheapest rates are on the Ecoboost Coupe trim at a cost of $1,976 per year, or around $165 per month. Out of the nine trims available for the Chevrolet Camaro, the cheapest 2021 trim to insure is the LT Convertible trim at a cost of $2,360 per year, or about $197 per month.

When comparing both models at a trim-level basis, the cheapest model and trim level to insure is the Ford Mustang Ecoboost Coupe at an average cost of $1,976 per year. The overall most expensive vehicle to insure is the Chevrolet Camaro ZL1 Coupe costing an average of $3,518 per year.

The rate tables below show average car insurance rates for each trim level, including an overall average cost for each model.

2020 Mustang vs Camaro Insurance Cost

When comparing insurance rates for 2020 models, the Ford Mustang costs an average of $2,178 per year to insure and the Chevrolet Camaro costs $2,714, making the Ford Mustang the winner by $536 for this model year.

The chart below illustrates the average cost to insure the two models for four different driver age groups. Average insurance cost ranges from $1,934 to $4,354 per year for a 2020 Ford Mustang, and $2,422 to $5,472 for a 2020 Chevrolet Camaro for the included age groups.

Out of 10 Ford Mustang trim levels, the cheapest 2020 trim to insure is the Ecoboost Coupe trim at an average cost of $1,918 per year, or about $160 per month.

Out of the nine trim levels available for the Chevrolet Camaro, the cheapest 2020 model to insure is the LT Convertible model at a cost of $2,288.

When rates for all 19 trim levels for both vehicles are compared, the cheapest trim to insure is the Ford Mustang Ecoboost Coupe at an average of $1,918 per year. The highest-cost model and trim is the Chevrolet Camaro ZL1 Coupe at an average cost of $3,406 per year.

The next tables illustrate all the available trims for both 2020 models, including an overall average rate. The model with the cheapest average car insurance rates for 2020 is the Ford Mustang.

2019 Mustang vs Camaro Insurance Cost

When comparing average insurance rates for the 2019 Ford Mustang and Chevrolet Camaro models, the Ford Mustang has cheaper rates by an average of $440 per year for this comparison year.

The next chart visualizes the average cost to insure both models for different driver ages. The average cost of car insurance ranges from $1,858 to $4,194 per year for a 2019 Ford Mustang, and $2,256 to $5,112 for a 2019 Chevrolet Camaro for these driver ages.

The 2019 Ford Mustang has 10 trim levels available, with the cheapest trim level to insure being the Ecoboost Convertible model at an average cost of $1,778 per year, or about $148 per month.

For the seven trims available for the Chevrolet Camaro, the cheapest 2019 trim to insure is the LT Convertible trim at a cost of $2,044 per year, or around $170 per month.

When comparing rates by trim level for both models, the cheapest model and trim level to insure is the Ford Mustang Ecoboost Convertible at an average of $1,778 per year. The highest-cost model and trim level is the Chevrolet Camaro ZL1 Coupe costing $3,168 per year.

The tables shown below illustrate average car insurance rates for every trim level for both 2019 models, including an overall average cost for each model.

2018 Mustang vs Camaro Insurance Cost

When comparing insurance cost for 2018 models, a Ford Mustang costs an average of $2,328 per year to insure and a Chevrolet Camaro costs $2,426, making the Ford Mustang cheaper to insure by $98 per year for 2018.

The rate chart below visualizes the average cost to insure both 2018 models rated for a variety of different driver ages. The average car insurance cost ranges from $2,078 to $4,688 per year for a 2018 Ford Mustang, and $2,168 to $4,898 for a 2018 Chevrolet Camaro for the age groups used in the chart.

For the eight trims available for the 2018 Ford Mustang, the cheapest trim level to insure is the Ecoboost Convertible trim at an average cost of $1,702 per year, or about $142 per month.

Out of the seven trims available for the Chevrolet Camaro, the cheapest 2018 trim level to insure is the LT Convertible model at a cost of $1,962 per year, or around $164 per month.

When trim-level rates for both models are compared, the most affordable model and trim level to insure is the Ford Mustang Ecoboost Convertible at an average cost of $1,702 per year. The highest-cost model and trim level is the Chevrolet Camaro ZL1 Coupe at an average cost of $3,030 per year.

The next two rate tables display the average cost to insure all 2018 trim levels, as well as the overall average rate for each model. The 2018 Ford Mustang takes the trophy over the 2018 Chevrolet Camaro for cheapest auto insurance rates.

2017 Mustang vs Camaro Insurance Cost

When comparing insurance rates for the 2017 Ford Mustang and Chevrolet Camaro models, the Chevrolet Camaro is cheaper by an average of $66 per year.

The rate chart below demonstrates the average cost to insure the two models using drivers aged 20 to 50. For a 2017 Ford Mustang, average insurance cost ranges from $1,998 to $4,512 per year for these driver ages. A 2017 Chevrolet Camaro costs from $1,946 to $4,374 to insure per year.

For the nine trims available for the 2017 Ford Mustang, the cheapest trim to insure is the Convertible trim at an average cost of $1,776 per year, or about $148 per month. The 2017 Chevrolet Camaro has seven trim levels available, with the cheapest trim level to insure being the LT Convertible trim at an average cost of $1,940 per year, or around $162 per month.

When comparing car insurance rates for both models by trim level, the overall cheapest vehicle to insure is the Ford Mustang Convertible at a cost of $1,776 per year, and the most expensive vehicle to insure is the Ford Mustang Shelby GT350 Coupe at an average cost of $2,760 per year.

The tables shown below illustrate trim level insurance cost averages for both 2017 models, including an overall average cost for each model.

2016 Mustang vs Camaro Insurance Cost

When comparing insurance cost for 2016 models, a Ford Mustang costs an average of $1,984 per year to insure and a Chevrolet Camaro costs $2,062, making the Ford Mustang cheaper to insure by $78 per year for this comparison year.

The next chart demonstrates the average cost to insure the two models with different drivers at the wheel. Average insurance cost ranges from $1,772 to $3,984 per year for a 2016 Ford Mustang, and $1,850 to $4,154 for a 2016 Chevrolet Camaro for the included driver ages.

For the nine trims available for the 2016 Ford Mustang, the cheapest trim level to insure is the Convertible trim at an average cost of $1,508 per year. Out of the five trims available for the Chevrolet Camaro, the cheapest 2016 model to insure is the LT Convertible model at a cost of $1,794.

When average car insurance prices for all 14 trims of both models are combined and sorted by cost, the lowest-cost model and trim to insure is the Ford Mustang Convertible at an average cost of $1,508 per year, and the most expensive vehicle to insure is the Ford Mustang Shelby GT350 Coupe costing an average of $2,424 per year.

The next tables illustrate average car insurance rates for every trim level for both 2016 models, along with an average cost for each model. The winner for the 2016 car insurance battle is the Ford Mustang.

2015 Mustang vs Camaro Insurance Cost

When comparing insurance cost for 2015 models, a Ford Mustang costs an average of $1,878 per year to insure and a Chevrolet Camaro costs $2,014, making the Ford Mustang cheaper to insure by $136 per year.

The rate chart below demonstrates the average cost to insure both 2015 models using different driver ages. For a 2015 Ford Mustang, average car insurance cost ranges from $1,676 to $3,750 per year for the example age groups. A 2015 Chevrolet Camaro costs from $1,800 to $4,046 to insure per year.

For the 11 trim levels available for the 2015 Ford Mustang, the cheapest trim level to insure is the Convertible trim at an average cost of $1,526 per year.

The 2015 Chevrolet Camaro has eight trim levels available, with the cheapest trim to insure being the LT Convertible trim at an average cost of $1,608 per year.

When rates are compared for the 19 trim levels of both 2015 models, the cheapest trim to insure is the Ford Mustang Convertible at a cost of $1,526 per year, and the most expensive model and trim level is the Chevrolet Camaro Z/28 Coupe costing an average of $2,550 per year.

The next tables show average car insurance cost by trim level for a 2015 Ford Mustang and Chevrolet Camaro, including an overall average cost for each model. The winner for the 2015 car insurance comparison is the Ford Mustang.

Additional Ford Mustang and Chevrolet Camaro Resources

• Ford Mustang Insurance Rates
• Chevrolet Camaro Insurance Rates
• Sports Car Insurance Rate Comparisons