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 2023 model years to find out which American muscle car has the cheapest insurance cost.

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  • 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 15th 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.

2023 Ford Mustang vs Chevrolet Camaro Insurance Cost by Trim Level
Model and Trim Level Annual Cost Monthly Cost
$1,746$146
$1,798$150
$1,886$157
$1,924$160
$1,958$163
$2,044$170
$2,080$173
$2,134$178
$2,136$178
$2,170$181
$2,174$181
$2,236$186
$2,240$187
$2,252$188
$2,280$190
$2,286$191
$2,306$192
$2,330$194
$2,376$198
$2,398$200
$2,462$205
$2,514$210
$2,514$210
$2,580$215
$2,748$229

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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 2023 Ford Mustang and a 2023 Chevrolet Camaro. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on August 11, 2023
2023 Ford Mustang vs Chevrolet Camaro Insurance Cost by 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.

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Chart Data Details: Average insurance rates are for a 2023 Ford Mustang and a 2023 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.Data last updated on August 12, 2023
2023 Ford Mustang vs. 2023 Chevrolet Camaro Insurance Cost
2023 Ford Mustang vs. Chevrolet Camaro Insurance Cost
Vehicle Make/Model Driver Age 20 Driver Age 30 Driver Age 40 Driver Age 50
Ford Mustang$3,880$2,066$1,964$1,786
Chevrolet Camaro$4,696$2,488$2,368$2,158

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.

2023 Ford Mustang

$1,964

Insurance Rates by Trim Level for 2023 Ford Mustang
2023 Ford Mustang TrimsRate
Ecoboost Fastback$1,746
Ecoboost Premium Fastback1,798
Ecoboost Convertible1,886
GT Fastback1,924
Ecoboost Premium Convertible1,958
GT Premium Fastback2,044
GT Premium Convertible2,080
Mach-12,134
Mach-1 Premium2,170
Shelby GT5002,280
2023 Ford Mustang Average Rate$1,964

2023 Chevrolet Camaro

$2,368

Insurance Rates by Trim Level for 2023 Ford Mustang
2023 Chevrolet Camaro TrimsRate
1LT Convertible$2,136
2LT Convertible2,174
1LS Coupe2,236
3LT Convertible2,240
1LT Coupe2,252
LT1 Convertible2,286
2LT Coupe2,306
1SS Convertible2,330
2SS Convertible2,376
3LT Coupe2,398
LT1 Coupe2,462
1SS Coupe2,514
ZL1 Convertible2,514
2SS Coupe2,580
ZL1 Coupe2,748
2023 Chevrolet Camaro Average Rate$2,368

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.

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.

2022 Ford Mustang vs Chevrolet Camaro Insurance Cost by Trim Level
Model and Trim Level Annual Cost Monthly Cost
$1,560$130
$1,618$135
$1,664$139
$1,716$143
$1,722$144
$1,768$147
$1,828$152
$1,886$157
$1,938$162
$2,178$182
$2,192$183
$2,204$184
$2,208$184
$2,218$185
$2,262$189
$2,284$190
$2,314$193
$2,354$196
$2,354$196
$2,402$200
$2,406$201
$2,460$205
$2,518$210
$2,532$211
$2,682$224

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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 2022 Ford Mustang and a 2022 Chevrolet Camaro. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on August 12, 2023
2022 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 2022 model has cheaper car insurance rates.

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Chart Data Details: Average insurance rates are for a 2022 Ford Mustang and a 2022 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.Data last updated on August 12, 2023
2022 Ford Mustang vs. 2022 Chevrolet Camaro Insurance Cost
2022 Ford Mustang vs. Chevrolet Camaro Insurance Cost
Vehicle Make/Model Driver Age 20 Driver Age 30 Driver Age 40 Driver Age 50
Ford Mustang$3,530$1,890$1,788$1,624
Chevrolet Camaro$4,678$2,468$2,356$2,150

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.

2022 Ford Mustang

$1,788

Insurance Rates by Trim Level for 2022 Ford Mustang
2022 Ford Mustang TrimsRate
Ecoboost Fastback$1,560
Ecoboost Convertible1,618
Ecoboost Premium Fastback1,664
GT Fastback1,716
Ecoboost Premium Convertible1,722
GT Premium Fastback1,768
GT Premium Convertible1,828
Mach-11,886
Mach-1 Premium1,938
Shelby GT5002,204
2022 Ford Mustang Average Rate$1,788

2022 Chevrolet Camaro

$2,356

Insurance Rates by Trim Level for 2022 Ford Mustang
2022 Chevrolet Camaro TrimsRate
1LT Convertible$2,178
1LS Coupe2,192
1LT Coupe2,208
2LT Convertible2,218
2LT Coupe2,262
3LT Convertible2,284
LT1 Convertible2,314
3LT Coupe2,354
1SS Convertible2,354
LT1 Coupe2,402
2SS Convertible2,406
1SS Coupe2,460
2SS Coupe2,518
ZL1 Convertible2,532
ZL1 Coupe2,682
2022 Chevrolet Camaro Average Rate$2,356

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.

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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.Data last updated on August 11, 2023
2021 Ford Mustang vs. 2021 Chevrolet Camaro Insurance Cost
2021 Ford Mustang vs. Chevrolet Camaro Insurance Cost
Vehicle Make/Model Driver Age 20 Driver Age 30 Driver Age 40 Driver Age 50
Ford Mustang$3,476$1,852$1,758$1,600
Chevrolet Camaro$4,334$2,274$2,178$1,988

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.

2021 Ford Mustang

$1,758

Insurance Rates by Trim Level for 2021 Ford Mustang
2021 Ford Mustang TrimsRate
Ecoboost Coupe$1,530
Ecoboost Convertible1,590
Ecoboost Premium Coupe1,630
GT Coupe1,682
Ecoboost Premium Convertible1,690
GT Premium Coupe1,730
Mach-E1,742
GT Premium Convertible1,790
Bullitt Coupe1,830
Mach-11,846
Mach-1 Premium1,896
Shelby GT5002,156
2021 Ford Mustang Average Rate$1,758

2021 Chevrolet Camaro

$2,178

Insurance Rates by Trim Level for 2021 Ford Mustang
2021 Chevrolet Camaro TrimsRate
LT Convertible$1,842
LT Convertible 4 Cyl Turbo1,884
SS Convertible1,992
LS Coupe2,158
LT Coupe2,168
LT Coupe 4 Cyl Turbo2,168
ZL1 Convertible2,218
SS Coupe2,448
ZL1 Coupe2,732
2021 Chevrolet Camaro Average Rate$2,178

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.

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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.Data last updated on August 12, 2023
2020 Ford Mustang vs. 2020 Chevrolet Camaro Insurance Cost
2020 Ford Mustang vs. Chevrolet Camaro Insurance Cost
Vehicle Make/Model Driver Age 20 Driver Age 30 Driver Age 40 Driver Age 50
Ford Mustang$3,396$1,808$1,714$1,560
Chevrolet Camaro$4,284$2,242$2,150$1,966

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.

2020 Ford Mustang

$1,714

Insurance Rates by Trim Level for 2020 Ford Mustang
2020 Ford Mustang TrimsRate
Ecoboost Coupe$1,508
Ecoboost Convertible1,570
Ecoboost Premium Coupe1,606
GT Coupe1,656
Ecoboost Premium Convertible1,666
GT Premium Coupe1,704
GT Premium Convertible1,766
Shelby GT350 Coupe1,766
Bullitt Coupe1,802
Shelby GT500 Convertible2,108
2020 Ford Mustang Average Rate$1,714

2020 Chevrolet Camaro

$2,150

Insurance Rates by Trim Level for 2020 Ford Mustang
2020 Chevrolet Camaro TrimsRate
LT Convertible$1,822
LT Convertible 4 Cyl Turbo1,862
SS Convertible1,968
LS Coupe2,134
LT Coupe2,144
LT Coupe 4 Cyl Turbo2,144
ZL1 Convertible2,188
SS Coupe2,418
ZL1 Coupe2,694
2020 Chevrolet Camaro Average Rate$2,150

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.

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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.Data last updated on August 11, 2023
2019 Ford Mustang vs. 2019 Chevrolet Camaro Insurance Cost
2019 Ford Mustang vs. Chevrolet Camaro Insurance Cost
Vehicle Make/Model Driver Age 20 Driver Age 30 Driver Age 40 Driver Age 50
Ford Mustang$3,284$1,740$1,658$1,506
Chevrolet Camaro$4,008$2,102$2,012$1,838

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.

2019 Ford Mustang

$1,658

Insurance Rates by Trim Level for 2019 Ford Mustang
2019 Ford Mustang TrimsRate
Ecoboost Convertible$1,410
Ecoboost Premium Convertible1,504
Ecoboost Coupe1,534
GT Premium Convertible1,552
Ecoboost Premium Coupe1,642
GT Coupe1,690
Shelby GT350 Convertible1,694
GT Premium Coupe1,736
Bullitt Coupe1,862
Shelby GT350R Coupe1,956
2019 Ford Mustang Average Rate$1,658

2019 Chevrolet Camaro

$2,012

Insurance Rates by Trim Level for 2019 Ford Mustang
2019 Chevrolet Camaro TrimsRate
LT Convertible$1,632
SS Convertible1,766
LS Coupe1,990
LT Coupe1,990
ZL1 Convertible1,998
SS Coupe2,204
ZL1 Coupe2,516
2019 Chevrolet Camaro Average Rate$2,012

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.

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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.Data last updated on August 12, 2023
2018 Ford Mustang vs. 2018 Chevrolet Camaro Insurance Cost
2018 Ford Mustang vs. Chevrolet Camaro Insurance Cost
Vehicle Make/Model Driver Age 20 Driver Age 30 Driver Age 40 Driver Age 50
Ford Mustang$3,752$1,970$1,886$1,720
Chevrolet Camaro$3,920$2,050$1,964$1,794

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.

2018 Ford Mustang

$1,886

Insurance Rates by Trim Level for 2018 Ford Mustang
2018 Ford Mustang TrimsRate
Ecoboost Convertible$1,374
Ecoboost Premium Convertible1,580
GT Premium Convertible1,624
Ecoboost Coupe1,914
Ecoboost Premium Coupe2,030
GT Coupe2,074
GT Premium Coupe2,134
Shelby GT350 Coupe2,360
2018 Ford Mustang Average Rate$1,886

2018 Chevrolet Camaro

$1,964

Insurance Rates by Trim Level for 2018 Ford Mustang
2018 Chevrolet Camaro TrimsRate
LT Convertible$1,594
SS Convertible1,722
LS Coupe1,946
ZL1 Convertible1,948
LT Coupe1,958
SS Coupe2,152
ZL1 Coupe2,448
2018 Chevrolet Camaro Average Rate$1,964

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.

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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.Data last updated on August 12, 2023
2017 Ford Mustang vs. 2017 Chevrolet Camaro Insurance Cost
2017 Ford Mustang vs. Chevrolet Camaro Insurance Cost
Vehicle Make/Model Driver Age 20 Driver Age 30 Driver Age 40 Driver Age 50
Ford Mustang$3,612$1,890$1,814$1,658
Chevrolet Camaro$3,506$1,830$1,762$1,610

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.

2017 Ford Mustang

$1,814

Insurance Rates by Trim Level for 2017 Ford Mustang
2017 Ford Mustang TrimsRate
Convertible$1,430
Ecoboost Premium Convertible1,472
GT Premium Convertible1,556
Coupe1,854
Ecoboost Coupe1,854
Ecoboost Premium Coupe1,908
GT Coupe1,962
GT Premium Coupe2,062
Shelby GT350 Coupe2,230
2017 Ford Mustang Average Rate$1,814

2017 Chevrolet Camaro

$1,762

Insurance Rates by Trim Level for 2017 Ford Mustang
2017 Chevrolet Camaro TrimsRate
LT Convertible$1,576
ZL1 Convertible1,576
SS 2 Convertible1,662
SS Convertible1,662
LT Coupe1,894
ZL1 Coupe1,894
SS Coupe2,078
2017 Chevrolet Camaro Average Rate$1,762

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.

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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.Data last updated on August 12, 2023
2016 Ford Mustang vs. 2016 Chevrolet Camaro Insurance Cost
2016 Ford Mustang vs. Chevrolet Camaro Insurance Cost
Vehicle Make/Model Driver Age 20 Driver Age 30 Driver Age 40 Driver Age 50
Ford Mustang$3,278$1,716$1,644$1,500
Chevrolet Camaro$3,414$1,782$1,714$1,566

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.

2016 Ford Mustang

$1,644

Insurance Rates by Trim Level for 2016 Ford Mustang
2016 Ford Mustang TrimsRate
Convertible$1,246
Ecoboost Premium Convertible1,326
GT Premium Convertible1,408
Coupe1,678
Ecoboost Coupe1,706
Ecoboost Premium Coupe1,758
GT Coupe1,810
GT Premium Coupe1,890
Shelby GT350 Coupe2,010
2016 Ford Mustang Average Rate$1,644

2016 Chevrolet Camaro

$1,714

Insurance Rates by Trim Level for 2016 Ford Mustang
2016 Chevrolet Camaro TrimsRate
LT Convertible$1,494
SS Convertible1,616
SS 2 Convertible1,656
LT Coupe1,824
SS Coupe1,996
2016 Chevrolet Camaro Average Rate$1,714

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.

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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.Data last updated on August 12, 2023
2015 Ford Mustang vs. 2015 Chevrolet Camaro Insurance Cost
2015 Ford Mustang vs. Chevrolet Camaro Insurance Cost
Vehicle Make/Model Driver Age 20 Driver Age 30 Driver Age 40 Driver Age 50
Ford Mustang$3,080$1,624$1,558$1,418
Chevrolet Camaro$3,324$1,742$1,672$1,526

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.

2015 Ford Mustang

$1,558

Insurance Rates by Trim Level for 2015 Ford Mustang
2015 Ford Mustang TrimsRate
Convertible$1,264
Ecoboost Premium Convertible1,338
GT 50 YR Limited Edition Convertible1,412
GT Premium Convertible1,412
Coupe1,518
Ecoboost Coupe1,554
Ecoboost Premium Coupe1,602
GT Coupe1,640
GT Premium Coupe1,724
GT 50 YR Limited Edition Coupe1,834
Shelby GT350 Coupe1,834
2015 Ford Mustang Average Rate$1,558

2015 Chevrolet Camaro

$1,672

Insurance Rates by Trim Level for 2015 Ford Mustang
2015 Chevrolet Camaro TrimsRate
LT Convertible$1,342
SS Convertible1,416
LS Coupe1,584
ZL1 Convertible1,600
LT Coupe1,622
SS Coupe1,730
ZL1 Coupe1,988
Z/28 Coupe2,110
2015 Chevrolet Camaro Average Rate$1,672

Additional Ford Mustang and Chevrolet Camaro Resources