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 $404 per year.
• For a 2023 Chevrolet Camaro, rates range from $1,746 to $2,280 per year, while insurance on a 2023 Ford Mustang ranges from $2,136 to $2,748 for full-coverage.
• Average car insurance cost per month for the Chevrolet Camaro is 18.3% more expensive than the Ford Mustang, at $164 versus $197, a difference of $33.
• Out of 26 models in the 2023 sports car segment, the Chevrolet Camaro ranks 15^th and the Ford Mustang ranks third for most affordable car insurance rates.

Is car insurance cheaper on a Camaro or Mustang?

Insurance on a 2023 Ford Mustang costs an average of $1,964 per year, and insurance for a 2023 Chevrolet Camaro costs an average of $2,368 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 $1,746 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 $2,136.

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 $1,746 per year, and the highest-cost model and trim is the Chevrolet Camaro ZL1 Coupe at an average cost of $2,748 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 $1,786 to $3,880 per year for a 2023 Ford Mustang, and $2,158 to $4,696 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 $2,368 per year and Ford Mustang insurance costs an average of $1,964 per year. That’s a difference of $404 or 18.7%, 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 $1,788 and the 2022 Chevrolet Camaro is $2,356, making the Ford Mustang cheaper by $568 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 $420 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 $1,600 to $3,476 per year for these driver ages. A 2021 Chevrolet Camaro costs from $1,988 to $4,334 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 $1,530 per year, or around $128 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 $1,842 per year, or about $154 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 $1,530 per year. The overall most expensive vehicle to insure is the Chevrolet Camaro ZL1 Coupe costing an average of $2,732 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 $1,714 per year to insure and the Chevrolet Camaro costs $2,150, making the Ford Mustang the winner by $436 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 $1,560 to $3,396 per year for a 2020 Ford Mustang, and $1,966 to $4,284 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 $1,508 per year, or about $126 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 $1,822.

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 $1,508 per year. The highest-cost model and trim is the Chevrolet Camaro ZL1 Coupe at an average cost of $2,694 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 $354 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 $1,506 to $3,284 per year for a 2019 Ford Mustang, and $1,838 to $4,008 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 $1,410 per year, or about $118 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 $1,632 per year, or around $136 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 $1,410 per year. The highest-cost model and trim level is the Chevrolet Camaro ZL1 Coupe costing $2,516 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 $1,886 per year to insure and a Chevrolet Camaro costs $1,964, making the Ford Mustang cheaper to insure by $78 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 $1,720 to $3,752 per year for a 2018 Ford Mustang, and $1,794 to $3,920 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 $1,374 per year, or about $115 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 $1,594 per year, or around $133 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 $1,374 per year. The highest-cost model and trim level is the Chevrolet Camaro ZL1 Coupe at an average cost of $2,448 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 $52 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 $1,658 to $3,612 per year for these driver ages. A 2017 Chevrolet Camaro costs from $1,610 to $3,506 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 $1,430 per year, or about $119 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 $1,576 per year, or around $131 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 $1,430 per year, and the most expensive vehicle to insure is the Ford Mustang Shelby GT350 Coupe at an average cost of $2,230 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 $1,644 per year to insure and a Chevrolet Camaro costs $1,714, making the Ford Mustang cheaper to insure by $70 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 $1,500 to $3,278 per year for a 2016 Ford Mustang, and $1,566 to $3,414 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 $1,246 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 $1,494.

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 $1,246 per year, and the most expensive vehicle to insure is the Ford Mustang Shelby GT350 Coupe costing an average of $2,010 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 $1,558 per year to insure and a Chevrolet Camaro costs $1,672, making the Ford Mustang cheaper to insure by $114 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 $1,418 to $3,080 per year for the example age groups. A 2015 Chevrolet Camaro costs from $1,526 to $3,324 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 $1,264 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 $1,342 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 $1,264 per year, and the most expensive model and trim level is the Chevrolet Camaro Z/28 Coupe costing an average of $2,110 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