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

Is Ford Mustang or Chevy Camaro insurance cheaper? We analyzed insurance costs for the 2015 through 2021 model years to find out which American muscle car has the cheapest insurance cost.

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  • For 2021 models, the Ford Mustang is cheaper to insure than the Chevrolet Camaro by an average of $306 per year.
  • Average car insurance cost per month for the Ford Mustang is 15% cheaper than the Chevy Camaro, at $142 versus $167, a difference of $25.
  • Average insurance cost for the sports car segment is $2,212 per year. The Ford Mustang costs $514 less to insure than the average while the Chevrolet Camaro costs $208 less per year.

2021 Mustang vs Camaro Insurance Cost

The table below compares annual and monthly car insurance cost for the 2021 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.

2021 Ford Mustang vs Chevrolet Camaro Insurance Cost by Trim Level
Model and Trim Level Annual Cost Monthly Cost
$1,488$124
$1,510$126
$1,582$132
$1,602$134
$1,628$136
$1,648$137
$1,674$140
$1,694$141
$1,708$142
$1,732$144
$1,786$149
$1,832$153
$1,846$154
$1,878$157
$2,022$169
$2,042$170
$2,052$171
$2,052$171
$2,054$171
$2,320$193
$2,598$217

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Table Data Details: Average annual and monthly cost assumes a clean driving record and no at-fault accidents for a 40-year-old driver rated on a 2021 Ford Mustang and a 2021 Chevrolet Camaro. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.
2021 Ford Mustang vs Chevrolet Camaro Insurance Cost by Trim Level

The bar chart below compares average Ford Mustang insurance to average Chevy Camaro insurance in order to determine which 2021 model has cheaper car insurance rates.

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Chart Data Details: Average insurance rates are for a 2021 Ford Mustang and a 2021 Chevrolet Camaro with safe driver and claim-free discounts applied. Physical damage deductibles are $500 and rates are averaged across all U.S. states. Rates are also averaged for all Ford Mustang and Chevrolet Camaro trim levels.
2021 Ford Mustang vs. 2021 Chevrolet Camaro Insurance Cost
2021 Ford Mustang vs. 2021 Chevrolet Camaro Insurance Cost
Vehicle Make/Model Driver Age 20 Driver Age 30 Driver Age 40 Driver Age 50
Ford Mustang$3,372$1,796$1,698$1,544
Chevrolet Camaro$4,000$2,098$2,004$1,828

The tables below detail insurance rates for all trim levels of 2021 Mustang and Camaro models. The 2021 Ford Mustang has an average insurance cost of $1,698 and the 2021 Chevrolet Camaro is $2,004, making the Ford Mustang cheaper by $306 per year.

2021 Ford Mustang

$1,698

Insurance Rates by Trim Level for 2021 Ford Mustang
2021 Ford Mustang TrimsRate
Ecoboost Convertible$1,488
Ecoboost Coupe1,510
Ecoboost Premium Convertible1,582
Ecoboost Premium Coupe1,602
Mach-E1,628
GT Coupe1,648
GT Premium Convertible1,674
GT Premium Coupe1,694
Bullitt Coupe1,786
Mach-11,832
Mach-1 Premium1,878
Shelby GT5002,042
2021 Ford Mustang Average Rate$1,698

2021 Chevrolet Camaro

$2,004

Insurance Rates by Trim Level for 2021 Ford Mustang
2021 Chevrolet Camaro TrimsRate
LT Convertible$1,708
LT Convertible 4 Cyl Turbo1,732
SS Convertible1,846
LS Coupe2,022
LT Coupe2,052
LT Coupe 4 Cyl Turbo2,052
ZL1 Convertible2,054
SS Coupe2,320
ZL1 Coupe2,598
2021 Chevrolet Camaro Average Rate$2,004

2020 Mustang vs Camaro Insurance Cost


When comparing average insurance rates for the 2020 Mustang and Camaro models, the Ford Mustang has an average cost of $1,628 and the 2020 Chevrolet Camaro is $1,960, making the Ford Mustang $332 cheaper for the 2020 model year comparison.

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Chart Data Details: Average insurance rates are for a 2020 Ford Mustang and a 2020 Chevrolet Camaro with safe driver and claim-free discounts applied. Physical damage deductibles are $500 and rates are averaged across all U.S. states. Rates are also averaged for all Ford Mustang and Chevrolet Camaro trim levels.
2020 Ford Mustang vs. 2020 Chevrolet Camaro Insurance Cost
2020 Ford Mustang vs. 2020 Chevrolet Camaro Insurance Cost
Vehicle Make/Model Driver Age 20 Driver Age 30 Driver Age 40 Driver Age 50
Ford Mustang$3,240$1,726$1,628$1,486
Chevrolet Camaro$3,916$2,052$1,960$1,790

2020 Ford Mustang

$1,628

Insurance Rates by Trim Level for 2020 Ford Mustang
2020 Ford Mustang TrimsRate
Ecoboost Convertible$1,454
Ecoboost Coupe1,470
Ecoboost Premium Convertible1,544
Ecoboost Premium Coupe1,558
GT Coupe1,604
GT Premium Convertible1,632
GT Premium Coupe1,648
Shelby GT350 Coupe1,710
Bullitt Coupe1,736
Shelby GT500 Convertible1,944
2020 Ford Mustang Average Rate$1,628

2020 Chevrolet Camaro

$1,960

Insurance Rates by Trim Level for 2020 Ford Mustang
2020 Chevrolet Camaro TrimsRate
LT Convertible$1,670
LT Convertible 4 Cyl Turbo1,694
SS Convertible1,804
LS Coupe1,982
ZL1 Convertible2,006
LT Coupe2,010
LT Coupe 4 Cyl Turbo2,010
SS Coupe2,270
ZL1 Coupe2,538
2020 Chevrolet Camaro Average Rate$1,960

2019 Mustang vs Camaro Insurance Cost


When comparing the 2019 Mustang and Camaro models, the Ford Mustang has an average insurance cost of $1,568 and the 2019 Chevrolet Camaro is $1,784, making the Ford Mustang $216 cheaper for the 2019 model year.

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Chart Data Details: Average insurance rates are for a 2019 Ford Mustang and a 2019 Chevrolet Camaro with safe driver and claim-free discounts applied. Physical damage deductibles are $500 and rates are averaged across all U.S. states. Rates are also averaged for all Ford Mustang and Chevrolet Camaro trim levels.
2019 Ford Mustang vs. 2019 Chevrolet Camaro Insurance Cost
2019 Ford Mustang vs. 2019 Chevrolet Camaro Insurance Cost
Vehicle Make/Model Driver Age 20 Driver Age 30 Driver Age 40 Driver Age 50
Ford Mustang$3,124$1,654$1,568$1,426
Chevrolet Camaro$3,566$1,866$1,784$1,626

2019 Ford Mustang

$1,568

Insurance Rates by Trim Level for 2019 Ford Mustang
2019 Ford Mustang TrimsRate
Ecoboost Convertible$1,354
Ecoboost Coupe1,428
Ecoboost Premium Convertible1,440
GT Premium Convertible1,484
Ecoboost Premium Coupe1,558
GT Coupe1,600
Shelby GT350 Convertible1,614
GT Premium Coupe1,644
Bullitt Coupe1,730
Shelby GT350R Coupe1,816
2019 Ford Mustang Average Rate$1,568

2019 Chevrolet Camaro

$1,784

Insurance Rates by Trim Level for 2019 Ford Mustang
2019 Chevrolet Camaro TrimsRate
LT Convertible$1,506
SS Convertible1,636
LS Coupe1,830
LT Coupe1,830
ZL1 Convertible1,852
SS Coupe2,090
ZL1 Coupe2,328
2019 Chevrolet Camaro Average Rate$1,784

2018 Mustang vs Camaro Insurance Cost


When comparing insurance rates for the 2018 Mustang and Camaro models, the Ford Mustang has an average cost of $1,852 and the 2018 Chevrolet Camaro is $1,768, making the Chevrolet Camaro the winner by $84 overall.

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Chart Data Details: Average insurance rates are for a 2018 Ford Mustang and a 2018 Chevrolet Camaro with safe driver and claim-free discounts applied. Physical damage deductibles are $500 and rates are averaged across all U.S. states. Rates are also averaged for all Ford Mustang and Chevrolet Camaro trim levels.
2018 Ford Mustang vs. 2018 Chevrolet Camaro Insurance Cost
2018 Ford Mustang vs. 2018 Chevrolet Camaro Insurance Cost
Vehicle Make/Model Driver Age 20 Driver Age 30 Driver Age 40 Driver Age 50
Ford Mustang$3,706$1,944$1,852$1,690
Chevrolet Camaro$3,540$1,852$1,768$1,616

2018 Ford Mustang

$1,852

Insurance Rates by Trim Level for 2018 Ford Mustang
2018 Ford Mustang TrimsRate
Ecoboost Convertible$1,336
Ecoboost Premium Convertible1,378
GT Premium Convertible1,420
Ecoboost Coupe1,808
Ecoboost Premium Coupe1,978
GT Coupe2,020
GT Premium Coupe2,104
Shelby GT350 Coupe2,314
2018 Ford Mustang Average Rate$1,852

2018 Chevrolet Camaro

$1,768

Insurance Rates by Trim Level for 2018 Ford Mustang
2018 Chevrolet Camaro TrimsRate
LT Convertible$1,488
SS Convertible1,614
LS Coupe1,808
ZL1 Convertible1,826
LT Coupe1,850
SS Coupe2,062
ZL1 Coupe2,294
2018 Chevrolet Camaro Average Rate$1,768

2017 Mustang vs Camaro Insurance Cost


When we look at 2017 rates, the Ford Mustang costs an average of $1,724 and the 2017 Chevrolet Camaro is $1,706, making the Chevrolet Camaro the winner by $18 for the 2017 model year.

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Chart Data Details: Average insurance rates are for a 2017 Ford Mustang and a 2017 Chevrolet Camaro with safe driver and claim-free discounts applied. Physical damage deductibles are $500 and rates are averaged across all U.S. states. Rates are also averaged for all Ford Mustang and Chevrolet Camaro trim levels.
2017 Ford Mustang vs. 2017 Chevrolet Camaro Insurance Cost
2017 Ford Mustang vs. 2017 Chevrolet Camaro Insurance Cost
Vehicle Make/Model Driver Age 20 Driver Age 30 Driver Age 40 Driver Age 50
Ford Mustang$3,452$1,806$1,724$1,576
Chevrolet Camaro$3,420$1,784$1,706$1,562

2017 Ford Mustang

$1,724

Insurance Rates by Trim Level for 2017 Ford Mustang
2017 Ford Mustang TrimsRate
Convertible$1,260
Ecoboost Premium Convertible1,300
GT Premium Convertible1,382
Coupe1,770
Ecoboost Coupe1,770
Ecoboost Premium Coupe1,850
GT Coupe1,932
GT Premium Coupe2,054
Shelby GT350 Coupe2,218
2017 Ford Mustang Average Rate$1,724

2017 Chevrolet Camaro

$1,706

Insurance Rates by Trim Level for 2017 Ford Mustang
2017 Chevrolet Camaro TrimsRate
LT Convertible$1,494
ZL1 Convertible1,494
SS 2 Convertible1,574
SS Convertible1,574
LT Coupe1,810
ZL1 Coupe1,810
SS Coupe2,012
2017 Chevrolet Camaro Average Rate$1,706

2016 Mustang vs Camaro Insurance Cost


For the 2016 model year, the Ford Mustang costs an average of $1,550 and the 2016 Chevrolet Camaro is $1,632, making the Ford Mustang $82 cheaper for 2016.

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Chart Data Details: Average insurance rates are for a 2016 Ford Mustang and a 2016 Chevrolet Camaro with safe driver and claim-free discounts applied. Physical damage deductibles are $500 and rates are averaged across all U.S. states. Rates are also averaged for all Ford Mustang and Chevrolet Camaro trim levels.
2016 Ford Mustang vs. 2016 Chevrolet Camaro Insurance Cost
2016 Ford Mustang vs. 2016 Chevrolet Camaro Insurance Cost
Vehicle Make/Model Driver Age 20 Driver Age 30 Driver Age 40 Driver Age 50
Ford Mustang$3,102$1,624$1,550$1,414
Chevrolet Camaro$3,274$1,702$1,632$1,492

2016 Ford Mustang

$1,550

Insurance Rates by Trim Level for 2016 Ford Mustang
2016 Ford Mustang TrimsRate
Convertible$1,076
Ecoboost Premium Convertible1,156
GT Premium Convertible1,232
Coupe1,612
Ecoboost Coupe1,612
Ecoboost Premium Coupe1,692
GT Coupe1,768
GT Premium Coupe1,846
Shelby GT350 Coupe1,962
2016 Ford Mustang Average Rate$1,550

2016 Chevrolet Camaro

$1,632

Insurance Rates by Trim Level for 2016 Ford Mustang
2016 Chevrolet Camaro TrimsRate
LT Convertible$1,422
SS Convertible1,538
SS 2 Convertible1,578
LT Coupe1,670
SS Coupe1,886
2016 Chevrolet Camaro Average Rate$1,632

2015 Mustang vs Camaro Insurance Cost


When we look at 2015 rates, the Ford Mustang costs an average of $1,522 and the 2015 Chevrolet Camaro is $1,542, making the Ford Mustang the winner by $20 for this model year.

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Chart Data Details: Average insurance rates are for a 2015 Ford Mustang and a 2015 Chevrolet Camaro with safe driver and claim-free discounts applied. Physical damage deductibles are $500 and rates are averaged across all U.S. states. Rates are also averaged for all Ford Mustang and Chevrolet Camaro trim levels.
2015 Ford Mustang vs. 2015 Chevrolet Camaro Insurance Cost
2015 Ford Mustang vs. 2015 Chevrolet Camaro Insurance Cost
Vehicle Make/Model Driver Age 20 Driver Age 30 Driver Age 40 Driver Age 50
Ford Mustang$3,038$1,594$1,522$1,386
Chevrolet Camaro$3,082$1,610$1,542$1,408

2015 Ford Mustang

$1,522

Insurance Rates by Trim Level for 2015 Ford Mustang
2015 Ford Mustang TrimsRate
Convertible$1,182
Ecoboost Premium Convertible1,256
GT 50 YR Limited Edition Convertible1,328
GT Premium Convertible1,328
Coupe1,482
Ecoboost Coupe1,520
Ecoboost Premium Coupe1,594
GT Coupe1,630
GT Premium Coupe1,738
GT 50 YR Limited Edition Coupe1,848
Shelby GT350 Coupe1,848
2015 Ford Mustang Average Rate$1,522

2015 Chevrolet Camaro

$1,542

Insurance Rates by Trim Level for 2015 Ford Mustang
2015 Chevrolet Camaro TrimsRate
LT Convertible$1,294
SS Convertible1,368
LS Coupe1,484
LT Coupe1,522
ZL1 Convertible1,550
SS Coupe1,630
ZL1 Coupe1,884
Z/28 Coupe2,032
2015 Chevrolet Camaro Average Rate$1,542

Additional Ford Mustang and Chevrolet Camaro Resources