Ford Mustang vs. Chevrolet Corvette Car Insurance Cost

• The Ford Mustang defeats the Chevrolet Corvette in our head-to-head insurance cost comparison, costing an average of $672 less per year to insure.
• Insurance cost per month for the Chevrolet Corvette is 23.1% more expensive than the Ford Mustang, at $214 compared to $270, a difference of $56.
• With 23 models in the 2024 sports car automotive segment, the Ford Mustang ranks third and the Chevrolet Corvette ranks 14^th for most affordable car insurance rates.
• When compared to the average U.S. car insurance rate of $2,221 per year, the Ford Mustang costs an average of $351 more per year, while the Chevrolet Corvette costs an average of $1,023 more per year.

Does a Mustang or Corvette have cheaper insurance?

For 2024 Ford Mustang and Chevrolet Corvette models, the one with the cheapest average auto insurance rates is the Ford Mustang. Insurance rates on a Ford Mustang cost an average of $2,572 per year, whereas the Chevrolet Corvette costs an average of $3,244 per year.

For the nine trims available for the 2024 Ford Mustang, the cheapest trim to insure is the Ecoboost Fastback model at an average cost of $2,206 per year, or around $184 per month. The 2024 Chevrolet Corvette has 14 trim levels available, with the cheapest model to insure being the Stingray 1LT Coupe model at an average cost of $2,686 per year, or $224 per month.

When looking at the aggregated rates by trim for both models, the cheapest vehicle to insure is the Ford Mustang Ecoboost Fastback at a cost of $2,206 per year, and the most expensive model and trim level is the Chevrolet Corvette Z06 1LT Convertible at a cost of $3,598 per year.

The table below compares the yearly and monthly cost of car insurance for 2024 Ford Mustang and Chevrolet Corvette models, with average cost for each trim level.

The next chart visualizes the average cost to insure both models for drivers from age 20 to 50. For a 2024 Ford Mustang, average insurance cost ranges from $2,286 to $5,148 per year for the included driver ages. A 2024 Chevrolet Corvette costs from $2,844 to $6,456 to insure per year.

The next two rate tables show all the available trims for both 2024 models, plus the average rate for each model. The winner for the 2024 car insurance rate comparison is the Ford Mustang.

2023 Ford Mustang vs. Chevrolet Corvette

Average car insurance rates for a 2023 Ford Mustang are $2,514 per year, whereas insurance for a 2023 Chevrolet Corvette costs an average of $2,818 per year, making the Ford Mustang the cheaper model to insure by $304 per year.

Out of 10 trims for the 2023 Ford Mustang, the cheapest car insurance rates are on the Ecoboost Fastback model at a cost of $2,194 per year.

For the 12 trims available for the Chevrolet Corvette, the cheapest 2023 trim level to insure is the Stingray 1LT Coupe trim at a cost of $2,396.

When rates for all 22 trim levels for both vehicles are compared, the cheapest vehicle to insure is the Ford Mustang Ecoboost Fastback at a cost of $2,194 per year, and the most expensive model and trim level is the Chevrolet Corvette Z06 1LT Convertible at a cost of $3,130 per year.

The table shown below compares the cost of car insurance for 2023 Ford Mustang and Chevrolet Corvette models, with average rates for each vehicle.

The rate chart below displays the average cost to insure both models for the 20 to 50-year-old driver age groups. For a 2023 Ford Mustang, average insurance cost ranges from $2,232 to $5,044 per year for the included driver ages. A 2023 Chevrolet Corvette costs from $2,470 to $5,582 to insure per year.

The next two tables display average car insurance rates for every trim level for both 2023 models, as well as an average rate for each model. The winner for the 2023 car insurance cost comparison is the Ford Mustang.

2022 Ford Mustang vs. Chevrolet Corvette

For 2022, the cheapest to insure is the Ford Mustang. Insurance cost for the Ford Mustang averages $2,252 per year, whereas insurance for a Chevrolet Corvette costs an average of $2,694 per year.

Within each different model, however, car insurance cost varies quite a bit depending on the trim level of the vehicle being insured.

Using the Ford Mustang to illustrate this point, car insurance rates range from $1,966 per year for the Ecoboost Fastback model up to the highest rate of $2,776 for the Shelby GT500 model.

For the 2022 Chevrolet Corvette, rates range from $2,332 per year for the Stingray 1LT Coupe model up to $3,054 for the most expensive to insure Stingray 3LT Convertible model.

When rates are compared for both models, the lowest-cost model and trim level to insure is the Ford Mustang Ecoboost Fastback at a cost of $1,966 per year. The most expensive vehicle to insure is the Chevrolet Corvette Stingray 3LT Convertible costing an average of $3,054 per year.

For a 2022 Ford Mustang, the cheapest models are the Ecoboost Fastback, Ecoboost Convertible, and Ecoboost Premium Fastback. The cheapest Chevrolet Corvette models include the Stingray 1LT Coupe, Stingray 2LT Coupe, and Stingray 3LT Coupe. On a monthly basis, insurance rates for all 2022 Ford Mustang and Chevrolet Corvette trim levels range from $164 to $255 per month.

The next table compares and ranks the annual and monthly cost of car insurance for 2022 Ford Mustang and Chevrolet Corvette models, with average rates for each vehicle.

The following chart demonstrates the average cost to insure both 2022 models rated for drivers aged 20 to 50. Average car insurance cost ranges from $1,996 to $4,488 per year for a 2022 Ford Mustang, and $2,364 to $5,366 on a 2022 Chevrolet Corvette for the five driver age examples in the chart

Out of 10 Ford Mustang trim levels, the cheapest 2022 trim level to insure is the Ecoboost Fastback trim at an average cost of $1,966 per year.

Out of the six different trim levels available for the Chevrolet Corvette, the cheapest 2022 trim level to insure is the Stingray 1LT Coupe model at a cost of $2,332.

When looking at the aggregated rates by trim for both models, the lowest-cost model and trim level to put coverage on is the Ford Mustang Ecoboost Fastback at an average of $1,966 per year, and the highest-cost model and trim is the Chevrolet Corvette Stingray 3LT Convertible costing an average of $3,054 per year.

The rate tables below display average car insurance rates for each trim level, plus an average rate for each model. The 2022 Ford Mustang has cheaper overall car insurance rates than the 2022 Chevrolet Corvette.

2021 Ford Mustang vs. Chevrolet Corvette

When comparing insurance cost for 2021 models, a Ford Mustang costs an average of $2,216 per year to insure and a Chevrolet Corvette costs $2,614, making the Ford Mustang cheaper to insure by $398 per year for this comparison year.

The chart shown below illustrates the average cost to insure the two models using different driver ages. For a 2021 Ford Mustang, average car insurance cost ranges from $1,964 to $4,428 per year for the illustrated age groups. A 2021 Chevrolet Corvette costs from $2,294 to $5,214 to insure per year.

Out of 12 trims for the 2021 Ford Mustang, the cheapest car insurance rates are on the Ecoboost Coupe model at a cost of $1,930 per year, or about $161 per month.

For the six trim levels available for the Chevrolet Corvette, the cheapest 2021 trim to insure is the Stingray 1LT Coupe trim at a cost of $2,222 per year, or about $185 per month.

When rates for all 18 trim levels for both vehicles are compared, the cheapest vehicle to insure is the Ford Mustang Ecoboost Coupe at an average of $1,930 per year. The most expensive trim is the Chevrolet Corvette Stingray 3LT Convertible costing $2,994 per year.

The tables shown below illustrate trim level insurance rates for each 2021 model, including an overall average cost for each model. The winner for the 2021 car insurance comparison is the Ford Mustang.

2020 Ford Mustang vs. Chevrolet Corvette

When comparing car insurance rates for 2020 models, the Ford Mustang costs $2,128 per year to insure and the Chevrolet Corvette costs $2,520, making the Ford Mustang the model with cheaper insurance by $392 for this comparison year.

The rate chart below shows the average insurance cost for both models using a range of rated driver ages. The average cost of full-coverage insurance ranges from $1,888 to $4,248 per year on a 2020 Ford Mustang, and $2,214 to $5,030 for a 2020 Chevrolet Corvette for the included age groups.

The 2020 Ford Mustang has 10 trims available, with the cheapest model to insure being the Ecoboost Coupe trim at an average cost of $1,872 per year, or $156 per month.

For the six option levels available for the Chevrolet Corvette, the cheapest 2020 trim level to insure is the Stingray 1LT Coupe trim at a cost of $2,146.

When rates are compared for the 16 different option levels of both 2020 models, the most affordable model and trim level to buy insurance for is the Ford Mustang Ecoboost Coupe at an average of $1,872 per year, and the most expensive vehicle to insure is the Chevrolet Corvette Stingray 3LT Convertible at an average cost of $2,892 per year.

The rate tables below display average car insurance cost by trim level for a 2020 Ford Mustang and Chevrolet Corvette, including an overall average cost for each model. The 2020 Ford Mustang has lower-cost car average car insurance rates than the 2020 Chevrolet Corvette.

2019 Ford Mustang vs. Chevrolet Corvette

When comparing insurance cost for the 2019 Ford Mustang and Chevrolet Corvette models, the Ford Mustang has cheaper rates by an average of $616 per year for this model year.

The chart below visualizes the average insurance cost for both 2019 models rated for a variety of different driver ages. A full-coverage car insurance policy ranges from $1,812 to $4,092 per year for a 2019 Ford Mustang, and $2,324 to $5,324 on a 2019 Chevrolet Corvette for the included age groups.

Out of 10 Ford Mustang trims, the cheapest 2019 trim to insure is the Ecoboost Convertible trim at an average cost of $1,738 per year.

For the 28 trim levels available for the Chevrolet Corvette, the cheapest 2019 model to insure is the Stingray Coupe model at a cost of $1,972.

When insurance rates for all 38 trims of both models are combined and sorted by cost, the lowest-cost model and trim level to insure is the Ford Mustang Ecoboost Convertible at a cost of $1,738 per year. The highest-cost model and trim is the Chevrolet Corvette ZR1 Premium Convertible costing $4,096 per year.

The tables shown below detail the expected annual car insurance cost by trim level for both 2019 models, including an overall average cost for each model.

2018 Ford Mustang vs. Chevrolet Corvette

For 2018 Ford Mustang and Chevrolet Corvette models, the Ford Mustang is cheaper to insure by $128 per year for this comparison year.

The chart shown below demonstrates the average cost to insure both models rated for multiple driver ages. For a 2018 Ford Mustang, the average cost of car insurance ranges from $2,028 to $4,574 per year for the example age groups. Insurance on a 2018 Chevrolet Corvette ranges from $2,108 to $4,808 on average per year.

The 2018 Ford Mustang has eight trim levels available, with the cheapest trim level to insure being the Ecoboost Convertible model at an average cost of $1,662 per year, or $139 per month.

The 2018 Chevrolet Corvette has 12 option levels available, with the cheapest model to insure being the Stingray Coupe trim at an average cost of $1,888 per year, or about $157 per month.

When looking at the combined rates by trim for both models, the cheapest vehicle to buy insurance for is the Ford Mustang Ecoboost Convertible at an average cost of $1,662 per year, and the highest-cost model and trim level is the Chevrolet Corvette Z06 Carbon 65 Edition Convertible at a cost of $3,132 per year.

The next tables display average car insurance cost by trim level for a 2018 Ford Mustang and Chevrolet Corvette, including the average rate for each model. The 2018 Ford Mustang comes out on top over the 2018 Chevrolet Corvette for cheapest overall car insurance cost.

2017 Ford Mustang vs. Chevrolet Corvette

For the 2017 Ford Mustang and Chevrolet Corvette models, the Ford Mustang has cheaper car insurance rates by $116 per year for this comparison year.

The following chart visualizes the average cost to insure both 2017 models for different driver ages. For a 2017 Ford Mustang, average car insurance cost ranges from $1,952 to $4,404 per year for the included age groups. Full-coverage car insurance for a 2017 Chevrolet Corvette costs from $2,022 to $4,590 on average per year.

Out of nine trim levels for the 2017 Ford Mustang, the cheapest insurance rates are on the Convertible trim at a cost of $1,736 per year. Out of the 14 trims available for the Chevrolet Corvette, the cheapest 2017 model to insure is the Stingray Coupe model at a cost of $1,802 per year, or around $150 per month.

When comparing car insurance rates for both models by trim level, the most affordable model and trim level to buy insurance for is the Ford Mustang Convertible at an average of $1,736 per year. The most expensive model and trim level is the Chevrolet Corvette Z06 Preferred Convertible at an average of $2,890 per year.

The rate tables below show the average cost to insure all 2017 trim levels, plus an average rate for each model. The model with the cheapest auto insurance rates for 2017 is the Ford Mustang.

2016 Ford Mustang vs. Chevrolet Corvette

When comparing car insurance rates for 2016 models, the Ford Mustang costs an average of $1,938 per year for full coverage and the Chevrolet Corvette costs $2,314, making the Ford Mustang the winner by $376 for this model year.

The chart shown below shows the average car insurance cost for the two models rated for different driver ages. For a 2016 Ford Mustang, average car insurance cost ranges from $1,730 to $3,892 per year. A full-coverage policy for a 2016 Chevrolet Corvette costs from $2,034 to $4,624 on average per year.

For the nine trims available for the 2016 Ford Mustang, the cheapest model to insure is the Convertible model at an average cost of $1,472 per year, or about $123 per month.

The 2016 Chevrolet Corvette has 10 option levels available, with the cheapest trim level to insure being the Stingray Coupe model at an average cost of $1,808 per year.

When comparing car insurance rates for both models by trim level, the lowest-cost model and trim level to put coverage on is the Ford Mustang Convertible at an average of $1,472 per year. The highest-cost model and trim is the Chevrolet Corvette Z06 Premium Convertible costing $2,842 per year.

The two tables below display both 2016 models and all trim levels available for each one, plus the average rate for each model. The 2016 Ford Mustang has cheaper average car insurance rates than the 2016 Chevrolet Corvette.

2015 Ford Mustang vs. Chevrolet Corvette

When comparing insurance rates for 2015 models, a Ford Mustang costs an average of $1,830 per year to insure and a Chevrolet Corvette costs $2,130, making the Ford Mustang cheaper to insure by $300 per year.

The next chart displays the average insurance cost for both models for the 20 to 50-year-old driver age groups. For a 2015 Ford Mustang, the average cost of car insurance ranges from $1,638 to $3,658 per year. Auto insurance on a 2015 Chevrolet Corvette costs from $1,874 to $4,268 on average per year.

Out of 11 Ford Mustang trim levels, the cheapest 2015 model to insure is the Convertible model at an average cost of $1,490 per year, or about $124 per month.

The 2015 Chevrolet Corvette has eight trim levels available, with the cheapest model to insure being the Stingray Coupe trim at an average cost of $1,618 per year.

When rates are compared for the 19 different trims of both 2015 models, the lowest-cost model and trim level to buy insurance for is the Ford Mustang Convertible at an average cost of $1,490 per year, and the most expensive model and trim level is the Chevrolet Corvette Z06 LZ Convertible costing an average of $2,676 per year.

The tables below illustrate trim level insurance cost averages for both 2015 models, as well as the overall average rate for each model. The 2015 Ford Mustang wins the head-to-head comparison over the 2015 Chevrolet Corvette for cheapest car insurance rates.

Additional Ford Mustang and Chevrolet Corvette Resources

• Ford Mustang Insurance Cost
• Chevrolet Corvette Insurance Cost
• Sports Car Insurance Cost Comparisons