Ford Mustang vs. Dodge Challenger Insurance

• A 2023 Ford Mustang costs less to insure than a 2023 Dodge Challenger by an average of $938 per year, $2,576 compared to $3,514.
• Average car insurance cost per month for the Dodge Challenger is 30.7% more expensive than the Ford Mustang, at $215 versus $293, a difference of $78.
• Out of 26 models in the 2023 sports car segment, the Ford Mustang ranks fifth and the Dodge Challenger ranks 20^th for overall car insurance affordability.
• If the cheapest car insurance is a top priority, the Ecoboost Fastback and Ecoboost Premium Fastback trims are the cheapest Ford Mustang models to insure, while the SXT and GT trims are the cheapest Dodge Challenger models to insure.

Is a Ford Mustang or Dodge Challenger cheaper to insure?

For 2023, the model with the cheapest average insurance rates is the Ford Mustang. Insurance rates on a Ford Mustang cost an average of $2,576 per year, while the Dodge Challenger costs an average of $3,514 per year.

For the 10 trim levels available for the 2023 Ford Mustang, the cheapest trim to insure is the Ecoboost Fastback trim at an average cost of $2,244 per year, or $187 per month. Out of the 15 trim levels available for the Dodge Challenger, the cheapest 2023 trim to insure is the SXT model at a cost of $3,036.

When average car insurance prices for all 25 trims of both models are combined and sorted by cost, the lowest-cost model and trim level to insure is the Ford Mustang Ecoboost Fastback at an average of $2,244 per year, and the most expensive trim is the Dodge Challenger SRT Super Stock costing an average of $3,824 per year.

The table below compares the cost of car insurance for 2023 Ford Mustang and Dodge Challenger models, broken down by individual trim level.

The chart shown below shows the average cost to insure both 2023 models with different drivers at the wheel. For a 2023 Ford Mustang, average car insurance cost ranges from $2,286 to $5,168 per year for the illustrated age groups. A 2023 Dodge Challenger costs from $3,120 to $7,106 to insure per year.

The next tables illustrate average car insurance cost by trim level for each 2023 model, along with an average cost for each model.

2022 Ford Mustang vs. Dodge Challenger

When comparing 2022 Ford Mustang and Dodge Challenger models, the model with the cheapest average car insurance rates is the Ford Mustang. Average car insurance rates for the Ford Mustang are $2,308 per year, and the Dodge Challenger costs an average of $3,114 per year.

Within each different model, however, cost varies significantly depending on the trim level of the vehicle being insured. For a 2022 Ford Mustang, car insurance rates range from $2,012 per year for the Ecoboost Fastback model up to the highest rate of $2,842 for the Shelby GT500 model. For a 2022 Dodge Challenger, rates range from $2,714 per year for the GT model up to $3,430 for the SRT Super Stock model.

When comparing both models at a trim-level basis, the cheapest trim is the Ford Mustang Ecoboost Fastback at an average rate of $2,012 per year, and the most expensive model and trim level is the Dodge Challenger SRT Super Stock costing $3,430 per year.

For a 2022 Ford Mustang, the cheapest models are the Ecoboost Fastback, Ecoboost Convertible, and Ecoboost Premium Fastback. The cheapest Dodge Challenger models include the GT, SXT, and GT AWD. On a monthly basis, insurance rates for all 2022 Ford Mustang and Dodge Challenger models range from $168 to $286 per month.

The next table ranks the annual and monthly car insurance cost for 2022 Ford Mustang and Dodge Challenger models, broken down by trim level.

See our full Ford Mustang insurance and Dodge Challenger insurance cost articles for full car insurance rate data for each model.

When comparing insurance rates for the 2022 Ford Mustang and Dodge Challenger models, the Ford Mustang has cheaper rates by an average of $806 per year.

The chart below visualizes the average cost to insure both models for a range of driver ages. For a 2022 Ford Mustang, the average car insurance cost ranges from $2,046 to $4,596 per year for the included driver ages. A 2022 Dodge Challenger costs from $2,766 to $6,302 to insure per year.

For the 10 trims available for the 2022 Ford Mustang, the cheapest trim to insure is the Ecoboost Fastback model at an average cost of $2,012 per year. The 2022 Dodge Challenger has 13 trims available, with the cheapest trim level to insure being the GT trim at an average cost of $2,714 per year, or around $226 per month.

When comparing aggregated rates for both models from a trim-level perspective, the cheapest model and trim level to insure is the Ford Mustang Ecoboost Fastback at a cost of $2,012 per year, and the overall most expensive vehicle to insure is the Dodge Challenger SRT Super Stock costing an average of $3,430 per year.

The tables shown below display the average cost to insure each trim level for a 2022 Ford Mustang and Dodge Challenger, plus the average rate for each model.

2021 Ford Mustang vs. Dodge Challenger

When comparing average insurance rates for 2021 models, a Ford Mustang costs an average of $2,274 per year to insure and a Dodge Challenger costs $2,946, making the Ford Mustang cheaper to insure by $672 per year for this comparison year.

The chart shown below illustrates the average cost to insure both 2021 models with different drivers at the wheel. For a 2021 Ford Mustang, average car insurance cost ranges from $2,014 to $4,538 per year for the example age groups. A 2021 Dodge Challenger costs from $2,620 to $5,974 to insure per year.

For the 12 trims available for the 2021 Ford Mustang, the cheapest trim to insure is the Ecoboost Coupe trim at an average cost of $1,976 per year, or around $165 per month.

For the eight trims available for the Dodge Challenger, the cheapest 2021 trim level to insure is the GT Coupe model at a cost of $2,552 per year, or around $213 per month.

When looking at the aggregated rates by trim for both models, the lowest-cost model and trim to insure is the Ford Mustang Ecoboost Coupe at an average rate of $1,976 per year. The overall most expensive vehicle to insure is the Dodge Challenger SRT Hellcat Redeye Coupe at an average cost of $3,670 per year.

The next two rate tables illustrate average cost to insure each trim level for a 2021 Ford Mustang and Dodge Challenger, as well as the overall average rate for each model.

2020 Ford Mustang vs. Dodge Challenger

When comparing insurance cost for 2020 models, a Ford Mustang costs an average of $2,178 per year to insure and a Dodge Challenger costs $2,864, making the Ford Mustang cheaper to insure by $686 per year for this comparison year.

The chart below visualizes the average cost to insure both 2020 models rated for a variety of different driver ages. Average insurance cost ranges from $1,934 to $4,354 per year for a 2020 Ford Mustang, and $2,546 to $5,804 for a 2020 Dodge Challenger for the driver ages used.

Out of 10 Ford Mustang trims, the cheapest 2020 model to insure is the Ecoboost Coupe trim at an average cost of $1,918 per year.

For the eight trim levels available for the Dodge Challenger, the cheapest 2020 trim to insure is the GT Coupe model at a cost of $2,480.

When trim-level rates for both models are compared, the lowest-cost model and trim to insure is the Ford Mustang Ecoboost Coupe at a cost of $1,918 per year, and the highest-cost model and trim level is the Dodge Challenger SRT Hellcat Redeye Coupe at an average of $3,558 per year.

The two tables below show trim level insurance cost averages for both 2020 models, along with an average cost for each model. The cheapest model to insure for the 2020 model year is the Ford Mustang.

2019 Ford Mustang vs. Dodge Challenger

When comparing average insurance cost for 2019 models, the Ford Mustang costs an average of $2,088 per year to insure and the Dodge Challenger costs $2,618, making the Ford Mustang the winner by $530.

The rate chart below displays the average cost to insure both models rated for multiple driver ages. For a 2019 Ford Mustang, insurance cost ranges from $1,858 to $4,194 per year for the illustrated age groups. A 2019 Dodge Challenger costs from $2,326 to $5,336 to insure per year.

For the 10 trims available for the 2019 Ford Mustang, the cheapest trim to insure is the Ecoboost Convertible model at an average cost of $1,778 per year. The 2019 Dodge Challenger has 12 trim levels available, with the cheapest trim level to insure being the GT Coupe model at an average cost of $2,346 per year.

When rates are compared for the 22 trim levels of both 2019 models, the cheapest vehicle to insure is the Ford Mustang Ecoboost Convertible at an average rate of $1,778 per year, and the most expensive vehicle to insure is the Dodge Challenger SRT Hellcat Redeye Coupe costing an average of $3,058 per year.

The next tables illustrate average car insurance cost by trim level for a 2019 Ford Mustang and Dodge Challenger, plus the average rate for each model. The cheapest of the two models to insure for the 2019 model year is the Ford Mustang.

2018 Ford Mustang vs. Dodge Challenger

When comparing car insurance rates for 2018 models, a Ford Mustang costs an average of $2,328 per year to insure and a Dodge Challenger costs $2,602, making the Ford Mustang cheaper to insure by $274 per year for this model year.

The rate chart below displays the average cost to insure both models rated for multiple driver ages. For a 2018 Ford Mustang, average insurance cost ranges from $2,078 to $4,688 per year for the age groups used in this illustration. A 2018 Dodge Challenger costs from $2,316 to $5,292 to insure per year.

Out of eight trims for the 2018 Ford Mustang, the cheapest rates are on the Ecoboost Convertible model at a cost of $1,702 per year.

For the 12 trims available for the Dodge Challenger, the cheapest 2018 trim level to insure is the GT Coupe model at a cost of $2,284.

When comparing both models at a trim-level basis, the cheapest model and trim level to insure is the Ford Mustang Ecoboost Convertible at a cost of $1,702 per year, and the most expensive model and trim level is the Dodge Challenger SRT Demon Coupe at an average of $3,318 per year.

The next two tables display average car insurance rates for every trim level for both 2018 models, along with an average cost for each model.

2017 Ford Mustang vs. Dodge Challenger

For the 2017 Ford Mustang and Dodge Challenger models, the Ford Mustang has cheaper car insurance cost by an average of $198 per year.

The chart shown below demonstrates the average cost to insure both 2017 models for different driver ages. For a 2017 Ford Mustang, average car insurance cost ranges from $1,998 to $4,512 per year. A 2017 Dodge Challenger costs from $2,168 to $4,944 to insure per year.

The 2017 Ford Mustang has nine trim levels available, with the cheapest trim level to insure being the Convertible trim at an average cost of $1,776 per year. For the 11 trims available for the Dodge Challenger, the cheapest 2017 trim level to insure is the GT Coupe trim at a cost of $2,070 per year, or about $173 per month.

When insurance rates for all 20 trim levels for the 2017 model year of both models are compared, the overall cheapest vehicle to insure is the Ford Mustang Convertible at an average cost of $1,776 per year. The most expensive trim is the Dodge Challenger SRT Hellcat Coupe at a cost of $2,862 per year.

The rate tables below display trim level insurance rates for each 2017 model, plus an average rate for each model. The 2017 Ford Mustang is the winner over the 2017 Dodge Challenger for cheapest car insurance rates.

2016 Ford Mustang vs. Dodge Challenger

When comparing insurance rates for 2016 models, the Ford Mustang costs an average of $1,984 per year to insure and the Dodge Challenger costs $2,226, making the Ford Mustang the winner by $242 for 2016.

The chart shown below demonstrates the average cost to insure both models rated for a variety of different driver ages. The average cost of car insurance ranges from $1,772 to $3,984 per year for a 2016 Ford Mustang, and $1,980 to $4,504 for a 2016 Dodge Challenger.

Out of nine trims for the 2016 Ford Mustang, the cheapest average car insurance prices are on the Convertible trim at a cost of $1,508 per year, or $126 per month.

The 2016 Dodge Challenger has 10 trims available, with the cheapest model to insure being the SXT Coupe model at an average cost of $1,994 per year.

When looking at the aggregated rates by trim for both models, the cheapest model and trim level to insure is the Ford Mustang Convertible at an average rate of $1,508 per year. The overall most expensive vehicle to insure is the Dodge Challenger SRT Hellcat Coupe costing $2,572 per year.

The rate tables below display the average cost to insure each trim level for a 2016 Ford Mustang and Dodge Challenger, including the average rate for each model. The cheapest model to insure for the 2016 model year is the Ford Mustang.

2015 Ford Mustang vs. Dodge Challenger

For the 2015 Ford Mustang and Dodge Challenger models, the Ford Mustang is cheaper to insure by an average of $360 per year.

The rate chart below demonstrates the average cost to insure both models with different ages of drivers. The average cost of car insurance ranges from $1,676 to $3,750 per year for a 2015 Ford Mustang, and $1,998 to $4,538 for a 2015 Dodge Challenger for these driver ages.

For the 11 trim levels available for the 2015 Ford Mustang, the cheapest model to insure is the Convertible trim at an average cost of $1,526 per year. The 2015 Dodge Challenger has seven trim levels available, with the cheapest trim to insure being the SXT Coupe trim at an average cost of $2,048 per year, or $171 per month.

When all 18 trims of both models are combined and compared, the lowest-cost model and trim to insure is the Ford Mustang Convertible at an average of $1,526 per year. The most expensive trim is the Dodge Challenger SRT Hellcat Coupe costing an average of $2,536 per year.

The tables below show the expected annual car insurance cost by trim level for both 2015 models, including an overall average cost for each model. The 2015 Ford Mustang has cheaper average auto insurance rates than the 2015 Dodge Challenger.

Additional Ford Mustang and Dodge Challenger Resources

• Ford Mustang Insurance Rates
• Dodge Challenger Insurance Rates
• Sports Car Insurance Rate Comparisons