- Mustang insurance cost averages $2,634 per year, or around $220 per month for full coverage.
- The cheapest Mustang insurance is on the Ecoboost Fastback trim level at an estimated $2,260 per year. The most expensive is the Dark Horse Premium at $2,876 annually.
- When compared to other sports cars, the 2024 Ford Mustang is one of the cheaper sports cars to insure, costing $666 less per year on average.
- In a comparison of large U.S. insurance companies, average Mustang insurance rates ranged from $2,302 to $3,253 per year, with Progressive being the cheapest.
How much does Mustang insurance cost?
Ranked third out of 23 vehicles in the 2024 sports car class, Ford Mustang insurance costs on average $2,634 per year for full coverage, or $220 per month. With the average sports car costing $3,300 a year to insure, the Ford Mustang is $666 cheaper on average.
When compared to all models, not just sports cars, average car insurance rates for the 2024 Mustang cost $62 more to insure than the national average rate for 2024 model year vehicles of $2,572 per year.
Older Mustang models generally cost less than a new one to insure, which we cover in detail later, and the trim level of your Mustang makes a big difference in the price of insurance.
For the 2024 model, the cheapest model to insure is the Mustang Ecoboost Fastback trim level at $2,260 per year, while the Dark Horse Premium trim level is the most expensive Mustang to insure at an average cost of $2,876 per year.
That’s a difference of $616 per year just based on the trim level of Mustang you’re insuring, which is a significant amount.
Two additional factors that can make a big difference in the cost of car insurance are the age of the driver rated on the Mustang and the deductibles you choose for comprehensive and collision coverage.
The chart below shows how Ford Mustang insurance rates vary based on driver age and the policy deductibles. Rates range from the lowest price of $1,856 per year for a 60-year-old driver with higher $1,000 deductibles to a much higher rate of $6,108 per year for a 20-year-old driver with $250 deductibles.
The two key points illustrated in this chart are that car insurance is more expensive for younger drivers and that the higher deductible you choose the lower your premiums will be.
The cost difference between low and high-deductible policies for an average 40-year-old driver will be around $836 per year, but it’s much more for the 20-year-old driver at $1,626 per year.
What is the cheapest Mustang insurance?
With 2024 Ford Mustang insurance rates ranging from $2,260 to $2,876 per year for the average driver, the cheapest Mustang insurance is on the Ecoboost Fastback. The second cheapest Mustang model to insure is the Ecoboost Premium Fastback at $2,408 per year.
Expect average insurance prices to start at around $188 per month on a Mustang for a policy with full coverage and decent liability limits, not just the lowest level mandated by state law.
The most expensive Ford Mustang insurance will be on the Dark Horse Premium at $2,876 and the Dark Horse at $2,846 per year. Those two trim levels will cost an extra $616 and $586 per year, respectively, over the cheapest Ecoboost Fastback model.
When shopping for a new Mustang, one of the more common comparisons is Mustang Ecoboost vs. GT insurance. Drivers want to know if car insurance costs more for the 5.0-liter V8 in the Mustang GT when compared to the 2.3-liter turbocharged EcoBoost engine.
Car insurance cost for the Mustang EcoBoost averages $1,799 per year when averaged for all models, while the average cost of Mustang GT insurance is $1,961 per year. That’s a difference of about $160 per year in favor of the Ecoboost models.
The next table shows average annual and semi-annual car insurance rates for a 2024 Mustang for each available trim level.
| 2024 Ford Mustang Trim Level | Annual Premium | Cost Per Month |
|---|---|---|
| Ecoboost Fastback | $2,260 | $188 |
| Ecoboost Premium Fastback | $2,408 | $201 |
| Ecoboost Convertible | $2,576 | $215 |
| Ecoboost Premium Convertible | $2,632 | $219 |
| GT Fastback | $2,638 | $220 |
| GT Premium Fastback | $2,710 | $226 |
| GT Premium Convertible | $2,778 | $232 |
| Dark Horse | $2,846 | $237 |
| Dark Horse Premium | $2,876 | $240 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Updated October 24, 2025
Ford Mustang vs. the competition
The Ford Mustang ranks third out of 23 total vehicles in the 2024 sports car segment. The Mustang costs an average of $2,634 per year to insure and the category average cost is $3,300 annually, a difference of $666 per year.
Compared to other models, average Mustang insurance rates are:
- $56 less per year than the Subaru WRX
- $484 less per year than the Chevrolet Camaro
- $1,428 less per year than the Porsche Taycan
- $688 less per year than the Chevrolet Corvette
- $456 less per year than the Porsche 718
The table below shows how the 23 cars in the 2024 sports car segment rank for insurance affordability. Also shown is the annual insurance cost for each model and how much each model differs from the average cost to insure a Mustang.
| Rank | Make and Model | Annual Premium | Difference |
|---|---|---|---|
| 1 | Mazda MX-5 Miata | $2,220 | -$414 |
| 2 | Toyota GR86 | $2,530 | -$104 |
| 3 | Ford Mustang | $2,634 | -- |
| 4 | BMW Z4 | $2,650 | $16 |
| 5 | Subaru WRX | $2,690 | $56 |
| 6 | Toyota GR Supra | $2,694 | $60 |
| 7 | BMW M2 | $2,772 | $138 |
| 8 | Nissan Z | $2,778 | $144 |
| 9 | Lexus RC F | $2,838 | $204 |
| 10 | Subaru BRZ | $2,868 | $234 |
| 11 | BMW M3 | $3,030 | $396 |
| 12 | Porsche 718 | $3,090 | $456 |
| 13 | Chevrolet Camaro | $3,118 | $484 |
| 14 | Chevrolet Corvette | $3,322 | $688 |
| 15 | Porsche 911 | $3,438 | $804 |
| 16 | BMW M4 | $3,580 | $946 |
| 17 | Lexus LC 500 | $3,600 | $966 |
| 18 | Jaguar F-Type | $3,786 | $1,152 |
| 19 | Mercedes-Benz AMG GT53 | $3,972 | $1,338 |
| 20 | Porsche Taycan | $4,062 | $1,428 |
| 21 | Mercedes-Benz SL 55 | $4,632 | $1,998 |
| 22 | Nissan GT-R | $4,670 | $2,036 |
| 23 | Mercedes-Benz SL 63 | $4,930 | $2,296 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all trim levels for each vehicle from the 2024 model year. Updated October 24, 2025
How to find the best Mustang insurance
If your top priority is finding the cheapest Mustang insurance, then the key is to get car insurance quotes from a wide assortment of companies. The more quotes you get, the better your chance of finding the best rate.
In our comparison of some of the largest U.S. auto insurance companies, we found the best Mustang insurance rates were offered by Progressive and GEICO. Average rates on a 2024 Ford Mustang were $2,189 for Progressive and $2,302 for GEICO.
Other companies came in a little higher, with State Farm averaging $2,797 per year, Liberty Mutal was at $2,876, and Nationwide came in just a couple of dollars higher at $2,879.
Our data focuses on larger companies due to their nationwide availability. Also, these companies do not limit who can buy car insurance from them.
USAA is a well-known company that often has very good car insurance rates, however, only active military, veterans, and their families can purchase a policy from them. If you qualify, you’ll definitely want to include USAA when getting car insurance quotes for your Mustang.
Many smaller companies sell insurance in specific regions or territories, possibly even in just one or two states. Some of these companies include Erie Insurance, Grange Insurance, Shelter Insurance, MAPFRE Insurance, Amica Mutual, and others.
A good way to find some of these smaller companies is to check with a local independent insurance agent or the insurance department for your state. Many times they will not only have cheaper rates but often rate higher in both customer and claim satisfaction than the larger companies.
We recommend comparing insurance quotes from at least five different companies to find the best Mustang insurance rates. Include several major companies like Progressive, GEICO, and State Farm, as well as several smaller companies as well.
Policy discounts to get the best Mustang insurance rates
Besides shopping around to find the best Mustang insurance, another way to get great rates is to qualify for some of the larger discounts offered by most car insurance companies.
Each company offers different discounts and each discount they do offer will save you a slightly different amount, but we calculated the average savings you can expect when insuring a 2024 Ford Mustang to put them in the table below.
| Policy Discount | Larger Companies that Offer this Discount | Average Savings |
|---|---|---|
| Good Driver Savings of 10% to 30% | Allstate, American Family, Farmers, GEICO, Liberty Mutual, Nationwide, Progressive, State Farm, Travelers | $369 |
| Multi-Policy Bundling Savings of 1% to 17% | Allstate, American Family, Farmers, GEICO, Liberty Mutual, Nationwide, Progressive, State Farm, Travelers, USAA | $290 |
| Usage-based Save up to 30% | Allstate, American Family, Esurance, Farmers, GEICO, Liberty Mutual, Nationwide, Progressive, Safeco, State Farm, Travelers, USAA | $245 |
| Safety Features Savings of 3% to 20% | American Family, Farmers, GEICO, Liberty Mutual, State Farm | $208 |
| Defensive Driving Savings of 5% to 10% | AAA, Allstate, American Family, Farmers, GEICO, Liberty Mutual, Nationwide, State Farm, Travelers, USAA | $198 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Available discounts and savings amounts vary by company. Updated October 24, 2025
Keep in mind that the discounts in the table above are some of the larger ones you can earn to get the most savings.
But there are also a ton of smaller discounts that you might qualify for. And even if you don’t get any of the big discounts, these minor discounts can add up quickly to save you some serious coin.
Here’s a list of some additional policy discounts to check for to see if you qualify. The average savings amounts are calculated based on the average cost of insurance on a 2024 Mustang.
- Active military or veterans – Many companies offer discounts if you are currently in the military or are a veteran. Expect average savings of $184.
- Pay-in-full discount – If you can pay your entire policy term at once rather than in installments, you could save an average of $166.
- Multi-vehicle discount – If you have multiple vehicles, insuring them on the same policy could save around $158.
- Young drivers with good grades – If you have a driver who is still in high school or college, you could save around $137 if they maintain a good GPA.
- Homeowner – If you own your home or condo, you could save around $105 when insuring your Mustang.
In 1964, the first year it was released, the Mustang sold for $2,368. More than 400,000 cars were sold that year, exceeding projections by over 300,000 units.
Ford Mustang prior model year insurance rates
The following sections detail Ford Mustang insurance rates for every model and trim level since the 2013 model year. Current 2024 model year data is featured in the above sections.
2022 Ford Mustang insurance rates
Insurance rates for a 2022 Ford Mustang average $2,308 per year, or $192 per month. Rates range from $2,012 per year for the Mustang Ecoboost Fastback to $2,842 for the Mustang Shelby GT500.
| 2022 Ford Mustang Trim Level | Annual Premium | Cost Per Month |
|---|---|---|
| Ecoboost Fastback | $2,012 | $168 |
| Ecoboost Convertible | $2,080 | $173 |
| Ecoboost Premium Fastback | $2,148 | $179 |
| Ecoboost Premium Convertible | $2,214 | $185 |
| GT Fastback | $2,214 | $185 |
| GT Premium Fastback | $2,282 | $190 |
| GT Premium Convertible | $2,350 | $196 |
| Mach-1 | $2,436 | $203 |
| Mach-1 Premium | $2,506 | $209 |
| Shelby GT500 | $2,842 | $237 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Updated October 24, 2025
2021 Ford Mustang insurance rates
Average insurance rates for a 2021 Ford Mustang are $2,274 per year, or around $190 per month. Rates range from $1,976 per year for the Mustang Ecoboost Coupe to $2,788 for the Mustang Shelby GT500.
| 2021 Ford Mustang Trim Level | Annual Premium | Cost Per Month |
|---|---|---|
| Ecoboost Coupe | $1,976 | $165 |
| Ecoboost Convertible | $2,044 | $170 |
| Ecoboost Premium Coupe | $2,108 | $176 |
| Ecoboost Premium Convertible | $2,174 | $181 |
| GT Coupe | $2,174 | $181 |
| GT Premium Coupe | $2,240 | $187 |
| Mach-E | $2,240 | $187 |
| GT Premium Convertible | $2,308 | $192 |
| Bullitt Coupe | $2,372 | $198 |
| Mach-1 | $2,392 | $199 |
| Mach-1 Premium | $2,458 | $205 |
| Shelby GT500 | $2,788 | $232 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Updated October 24, 2025
2020 Ford Mustang insurance rates
Average insurance rates for a 2020 Ford Mustang are $2,178 per year, or around $182 per month. Rates range from $1,918 per year for the Mustang Ecoboost Coupe to $2,682 for the Mustang Shelby GT500 Convertible.
| 2020 Ford Mustang Trim Level | Annual Premium | Cost Per Month |
|---|---|---|
| Ecoboost Coupe | $1,918 | $160 |
| Ecoboost Convertible | $1,986 | $166 |
| Ecoboost Premium Coupe | $2,044 | $170 |
| GT Coupe | $2,106 | $176 |
| Ecoboost Premium Convertible | $2,112 | $176 |
| GT Premium Coupe | $2,170 | $181 |
| GT Premium Convertible | $2,238 | $187 |
| Shelby GT350 Coupe | $2,258 | $188 |
| Bullitt Coupe | $2,298 | $192 |
| Shelby GT500 Convertible | $2,682 | $224 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Updated October 24, 2025
2019 Ford Mustang insurance rates
Insurance rates for a 2019 Ford Mustang average $2,088 per year, or about $174 per month. Rates range from $1,778 per year for the Mustang Ecoboost Convertible to $2,472 for the Mustang Shelby GT350R Coupe.
| 2019 Ford Mustang Trim Level | Annual Premium | Cost Per Month |
|---|---|---|
| Ecoboost Convertible | $1,778 | $148 |
| Ecoboost Premium Convertible | $1,900 | $158 |
| Ecoboost Coupe | $1,926 | $161 |
| GT Premium Convertible | $1,962 | $164 |
| Ecoboost Premium Coupe | $2,066 | $172 |
| GT Coupe | $2,126 | $177 |
| Shelby GT350 Convertible | $2,144 | $179 |
| GT Premium Coupe | $2,188 | $182 |
| Bullitt Coupe | $2,352 | $196 |
| Shelby GT350R Coupe | $2,472 | $206 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Updated October 24, 2025
2018 Ford Mustang insurance rates
2018 Ford Mustang insurance rates average $2,328 per year, or around $194 per month. Cost ranges from $1,702 per year for the Mustang Ecoboost Convertible to $2,918 for the Mustang Shelby GT350 Coupe.
| 2018 Ford Mustang Trim Level | Annual Premium | Cost Per Month |
|---|---|---|
| Ecoboost Convertible | $1,702 | $142 |
| Ecoboost Premium Convertible | $1,960 | $163 |
| GT Premium Convertible | $2,018 | $168 |
| Ecoboost Coupe | $2,354 | $196 |
| Ecoboost Premium Coupe | $2,502 | $209 |
| GT Coupe | $2,560 | $213 |
| GT Premium Coupe | $2,634 | $220 |
| Shelby GT350 Coupe | $2,918 | $243 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Updated October 24, 2025
2017 Ford Mustang insurance rates
A 2017 Ford Mustang averages $2,238 per year for full coverage insurance, or around $187 per month. Rates range from $1,776 per year for the Mustang Convertible to $2,760 for the Mustang Shelby GT350 Coupe.
| 2017 Ford Mustang Trim Level | Annual Premium | Cost Per Month |
|---|---|---|
| Convertible | $1,776 | $148 |
| Ecoboost Premium Convertible | $1,830 | $153 |
| GT Premium Convertible | $1,936 | $161 |
| Coupe | $2,278 | $190 |
| Ecoboost Coupe | $2,278 | $190 |
| Ecoboost Premium Coupe | $2,348 | $196 |
| GT Coupe | $2,418 | $202 |
| GT Premium Coupe | $2,544 | $212 |
| Shelby GT350 Coupe | $2,760 | $230 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Updated October 24, 2025
2016 Ford Mustang insurance rates
Average insurance cost for a 2016 Ford Mustang is $1,984 per year, or around $165 per month. Rates range from $1,508 per year for the Mustang Convertible to $2,424 for the Mustang Shelby GT350 Coupe.
| 2016 Ford Mustang Trim Level | Annual Premium | Cost Per Month |
|---|---|---|
| Convertible | $1,508 | $126 |
| Ecoboost Premium Convertible | $1,608 | $134 |
| GT Premium Convertible | $1,706 | $142 |
| Coupe | $2,014 | $168 |
| Ecoboost Coupe | $2,048 | $171 |
| Ecoboost Premium Coupe | $2,114 | $176 |
| GT Coupe | $2,178 | $182 |
| GT Premium Coupe | $2,276 | $190 |
| Shelby GT350 Coupe | $2,424 | $202 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Updated October 24, 2025
2015 Ford Mustang insurance rates
Insurance rates average $1,878 per year for a 2015 Ford Mustang, or around $157 per month. Rates range from $1,526 per year for the Mustang Convertible to $2,214 for the Mustang Shelby GT350 Coupe.
| 2015 Ford Mustang Trim Level | Annual Premium | Cost Per Month |
|---|---|---|
| Convertible | $1,526 | $127 |
| Ecoboost Premium Convertible | $1,618 | $135 |
| GT 50 YR Limited Edition Convertible | $1,708 | $142 |
| GT Premium Convertible | $1,708 | $142 |
| Coupe | $1,818 | $152 |
| Ecoboost Coupe | $1,866 | $156 |
| Ecoboost Premium Coupe | $1,926 | $161 |
| GT Coupe | $1,972 | $164 |
| GT Premium Coupe | $2,076 | $173 |
| GT 50 YR Limited Edition Coupe | $2,214 | $185 |
| Shelby GT350 Coupe | $2,214 | $185 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Updated October 24, 2025
2014 Ford Mustang insurance rates
Average insurance cost for a 2014 Ford Mustang is $1,848 per year, or around $154 per month. Rates range from $1,556 per year for the Mustang Convertible to $2,236 for the Mustang Shelby GT500 Coupe.
| 2014 Ford Mustang Trim Level | Annual Premium | Cost Per Month |
|---|---|---|
| Convertible | $1,556 | $130 |
| Premium Convertible | $1,628 | $136 |
| GT Convertible | $1,670 | $139 |
| GT Premium Convertible | $1,714 | $143 |
| Coupe | $1,834 | $153 |
| Shelby GT500 Convertible | $1,902 | $159 |
| Premium Coupe | $1,906 | $159 |
| GT Coupe | $1,992 | $166 |
| GT Premium Coupe | $2,036 | $170 |
| Shelby GT500 Coupe | $2,236 | $186 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Updated October 24, 2025
2013 Ford Mustang insurance rates
Insurance rates for a 2013 Ford Mustang average $1,670 per year, or about $139 per month. Rates range from $1,452 per year for the Mustang Coupe to $1,896 for the Mustang Shelby GT500 Convertible.
| 2013 Ford Mustang Trim Level | Annual Premium | Cost Per Month |
|---|---|---|
| Coupe | $1,452 | $121 |
| Premium Coupe | $1,534 | $128 |
| Convertible | $1,568 | $131 |
| GT Coupe | $1,602 | $134 |
| GT Premium Coupe | $1,642 | $137 |
| Premium Convertible | $1,648 | $137 |
| GT Convertible | $1,690 | $141 |
| GT Premium Convertible | $1,730 | $144 |
| Boss 302 Coupe 8CYL GAS | $1,738 | $145 |
| Shelby GT500 Coupe | $1,836 | $153 |
| Shelby GT500 Convertible | $1,896 | $158 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Updated October 24, 2025
Frequently Asked Questions about Mustang Insurance
The following questions are some of the most common questions asked about insuring a Mustang.
How much does Mustang EcoBoost insurance cost?
Average car insurance rates for the Mustang EcoBoost range from $1,700 to $1,904 a year depending on if it’s a convertible or Fastback Mustang, and also if it has the Premium package.
How much is Mustang insurance for an 18-year-old driver?
The cost to insure an 18-year-old male on a Ford Mustang averages $8,082 per year, or around $674 per month for a policy that includes physical damage coverage.
How much does Mustang insurance cost for a 17-year-old driver?
For a 17-year-old male driver with a clean driving record, insurance on a Ford Mustang averages $9,051 per year, or around $754 per month for full coverage.
How much is Ford Mustang insurance for a 16-year-old driver?
The cost to insure a 16-year-old male driver for full coverage on a Ford Mustang averages $9,357 per year or around $780 per month. A 16-year-old female driver cost less, at around $729 per month, or $8,742 per year.
Are Ford Mustangs cheap to insure?
The average insurance cost on a 2024 Ford Mustang is $2,634 per year, or $220 per month. When compared to other 2024 model year sports cars, the Ford Mustang ranks third out of 23 vehicles for insurance affordability.