- Mustang insurance cost averages $1,914 per year, or around $160 per month for full coverage.
- The cheapest Mustang insurance is on the Ecoboost Fastback trim level at an estimated $1,700 per year. The most expensive is the Shelby GT500 at $2,216 annually.
- When compared to other sports cars, the 2023 Ford Mustang is one of the cheaper sports cars to insure, costing $498 less per year on average.
How much is insurance for a Mustang?
Ranked third out of 26 vehicles in the 2023 sports car class, Ford Mustang insurance costs on average $1,914 a year for full coverage, or $160 per month. With the average sports car costing $2,412 a year to insure, the Ford Mustang is $498 cheaper on average.
The chart below shows how average Ford Mustang insurance cost changes based on driver age and the policy deductibles. Rates range from the lowest price of $1,448 per year for a 60-year-old driver with high deductibles to the most expensive rate of $4,374 per year for a driver age 20 with deductibles of $250.
What is the cheapest Mustang insurance?
With Ford Mustang insurance rates ranging from $1,700 to $2,216 per year for the average driver, the cheapest trim level to insure is the Ecoboost Fastback. The second cheapest trim level to insure is the Ecoboost Premium Fastback at $1,754 per year. Expect to pay around $142 per month for a policy with full coverage.
The priciest models of Ford Mustang to insure are the Shelby GT500 at $2,216 and the Mach-1 Premium at $2,112 per year. Those two trim levels will cost an extra $516 and $412 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 Mustang Ecoboost.
The next table shows average annual and semi-annual car insurance rates for a 2023 Mustang for each available trim level.
| Ford Mustang Trim Level | Annual Policy | 6-month Policy | Per Month |
|---|---|---|---|
| Ecoboost Fastback | $1,700 | $850 | $142 |
| Ecoboost Premium Fastback | $1,754 | $877 | $146 |
| Ecoboost Convertible | $1,838 | $919 | $153 |
| GT Fastback | $1,872 | $936 | $156 |
| Ecoboost Premium Convertible | $1,904 | $952 | $159 |
| GT Premium Fastback | $1,988 | $994 | $166 |
| GT Premium Convertible | $2,024 | $1,012 | $169 |
| Mach-1 | $2,076 | $1,038 | $173 |
| Mach-1 Premium | $2,112 | $1,056 | $176 |
| Shelby GT500 | $2,216 | $1,108 | $185 |
Ford Mustang vs. the competition: How does it rank?
The Ford Mustang ranks third out of 26 total vehicles in the 2023 sports car segment. The Mustang costs an average of $1,914 per year to insure and the category average cost is $2,412 annually, a difference of $498 per year.
When compared to the top-selling vehicles in the sports car segment, insurance for a Ford Mustang costs $746 less overall per year than the Dodge Challenger, $396 less than the Chevrolet Camaro, $34 less than the Subaru WRX, and $262 less than the Chevrolet Corvette.
When Mustang insurance rates are compared to all vehicles (not just sports cars), the average price is 13.6% more than the national average car insurance rate of $1,685 per year.
The table below shows how the 26 cars in the 2023 sports car class 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/Model | Insurance Cost | Difference |
|---|---|---|---|
| 1 | Mazda MX-5 Miata | $1,630 | -$284 |
| 2 | Audi TT | $1,828 | -$86 |
| 3 | Ford Mustang | $1,914 | -- |
| 4 | BMW Z4 | $1,928 | $14 |
| 5 | Subaru WRX | $1,948 | $34 |
| 6 | Nissan Z | $1,978 | $64 |
| 7 | Toyota GR Supra | $2,010 | $96 |
| 8 | Toyota GR86 | $2,034 | $120 |
| 9 | BMW M2 | $2,036 | $122 |
| 10 | Subaru BRZ | $2,128 | $214 |
| 11 | Chevrolet Corvette | $2,176 | $262 |
| 12 | BMW M3 | $2,224 | $310 |
| 13 | Lexus RC F | $2,270 | $356 |
| 14 | Porsche 718 | $2,272 | $358 |
| 15 | Chevrolet Camaro | $2,310 | $396 |
| 16 | Mercedes-Benz AMG GT53 | $2,448 | $534 |
| 17 | Jaguar F-Type | $2,534 | $620 |
| 18 | Porsche Taycan | $2,590 | $676 |
| 19 | BMW M4 | $2,622 | $708 |
| 20 | Lexus LC 500 | $2,652 | $738 |
| 21 | Dodge Challenger | $2,660 | $746 |
| 22 | Porsche 911 | $2,890 | $976 |
| 23 | Acura NSX | $3,268 | $1,354 |
| 24 | Audi R8 | $3,378 | $1,464 |
| 25 | Mercedes-Benz SL 55 | $3,382 | $1,468 |
| 26 | Mercedes-Benz SL 63 | $3,600 | $1,686 |
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 2023 model year data is featured in the above sections.
2022 Ford Mustang insurance rates
Insurance rates for a 2022 Ford Mustang average $1,742 per year, or $145 per month. Rates range from $1,520 per year for the Mustang Ecoboost Fastback to $2,142 for the Mustang Shelby GT500.
| 2022 Ford Mustang Trim Level | Annual Rate | Per Month |
|---|---|---|
| Ecoboost Fastback | $1,520 | $127 |
| Ecoboost Convertible | $1,574 | $131 |
| Ecoboost Premium Fastback | $1,622 | $135 |
| GT Fastback | $1,672 | $139 |
| Ecoboost Premium Convertible | $1,674 | $140 |
| GT Premium Fastback | $1,722 | $144 |
| GT Premium Convertible | $1,776 | $148 |
| Mach-1 | $1,840 | $153 |
| Mach-1 Premium | $1,888 | $157 |
| Shelby GT500 | $2,142 | $179 |
2021 Ford Mustang insurance rates
Average insurance rates for a 2021 Ford Mustang are $1,712 per year, or around $143 per month. Rates range from $1,492 per year for the Mustang Ecoboost Coupe to $2,100 for the Mustang Shelby GT500.
| 2021 Ford Mustang Trim Level | Annual Rate | Per Month |
|---|---|---|
| Ecoboost Coupe | $1,492 | $124 |
| Ecoboost Convertible | $1,550 | $129 |
| Ecoboost Premium Coupe | $1,590 | $133 |
| GT Coupe | $1,638 | $137 |
| Ecoboost Premium Convertible | $1,646 | $137 |
| GT Premium Coupe | $1,686 | $141 |
| Mach-E | $1,694 | $141 |
| GT Premium Convertible | $1,744 | $145 |
| Bullitt Coupe | $1,786 | $149 |
| Mach-1 | $1,800 | $150 |
| Mach-1 Premium | $1,848 | $154 |
| Shelby GT500 | $2,100 | $175 |
2020 Ford Mustang insurance rates
Average insurance rates for a 2020 Ford Mustang are $1,668 per year, or around $139 per month. Rates range from $1,470 per year for the Mustang Ecoboost Coupe to $2,054 for the Mustang Shelby GT500 Convertible.
| 2020 Ford Mustang Trim Level | Annual Rate | Per Month |
|---|---|---|
| Ecoboost Coupe | $1,470 | $123 |
| Ecoboost Convertible | $1,528 | $127 |
| Ecoboost Premium Coupe | $1,566 | $131 |
| GT Coupe | $1,614 | $135 |
| Ecoboost Premium Convertible | $1,622 | $135 |
| GT Premium Coupe | $1,662 | $139 |
| GT Premium Convertible | $1,720 | $143 |
| Shelby GT350 Coupe | $1,724 | $144 |
| Bullitt Coupe | $1,758 | $147 |
| Shelby GT500 Convertible | $2,054 | $171 |
2019 Ford Mustang insurance rates
Insurance rates for a 2019 Ford Mustang average $1,616 per year, or about $135 per month. Rates range from $1,374 per year for the Mustang Ecoboost Convertible to $1,906 for the Mustang Shelby GT350R Coupe.
| 2019 Ford Mustang Trim Level | Annual Rate | Per Month |
|---|---|---|
| Ecoboost Convertible | $1,374 | $115 |
| Ecoboost Premium Convertible | $1,466 | $122 |
| Ecoboost Coupe | $1,492 | $124 |
| GT Premium Convertible | $1,514 | $126 |
| Ecoboost Premium Coupe | $1,600 | $133 |
| GT Coupe | $1,644 | $137 |
| Shelby GT350 Convertible | $1,650 | $138 |
| GT Premium Coupe | $1,690 | $141 |
| Bullitt Coupe | $1,814 | $151 |
| Shelby GT350R Coupe | $1,906 | $159 |
2018 Ford Mustang insurance rates
2018 Ford Mustang insurance rates average $1,836 per year, or around $153 per month. Cost ranges from $1,340 per year for the Mustang Ecoboost Convertible to $2,298 for the Mustang Shelby GT350 Coupe.
| 2018 Ford Mustang Trim Level | Annual Rate | Per Month |
|---|---|---|
| Ecoboost Convertible | $1,340 | $112 |
| Ecoboost Premium Convertible | $1,538 | $128 |
| GT Premium Convertible | $1,584 | $132 |
| Ecoboost Coupe | $1,864 | $155 |
| Ecoboost Premium Coupe | $1,976 | $165 |
| GT Coupe | $2,022 | $169 |
| GT Premium Coupe | $2,078 | $173 |
| Shelby GT350 Coupe | $2,298 | $192 |
2017 Ford Mustang insurance rates
A 2017 Ford Mustang averages $1,768 per year for full coverage insurance, or around $147 per month. Rates range from $1,396 per year for the Mustang Convertible to $2,170 for the Mustang Shelby GT350 Coupe.
| 2017 Ford Mustang Trim Level | Annual Rate | Per Month |
|---|---|---|
| Convertible | $1,396 | $116 |
| Ecoboost Premium Convertible | $1,436 | $120 |
| GT Premium Convertible | $1,518 | $127 |
| Coupe | $1,804 | $150 |
| Ecoboost Coupe | $1,804 | $150 |
| Ecoboost Premium Coupe | $1,858 | $155 |
| GT Coupe | $1,912 | $159 |
| GT Premium Coupe | $2,008 | $167 |
| Shelby GT350 Coupe | $2,170 | $181 |
2016 Ford Mustang insurance rates
Average insurance cost for a 2016 Ford Mustang is $1,602 per year, or around $134 per month. Rates range from $1,216 per year for the Mustang Convertible to $1,958 for the Mustang Shelby GT350 Coupe.
| 2016 Ford Mustang Trim Level | Annual Rate | Per Month |
|---|---|---|
| Convertible | $1,216 | $101 |
| Ecoboost Premium Convertible | $1,294 | $108 |
| GT Premium Convertible | $1,370 | $114 |
| Coupe | $1,632 | $136 |
| Ecoboost Coupe | $1,658 | $138 |
| Ecoboost Premium Coupe | $1,710 | $143 |
| GT Coupe | $1,760 | $147 |
| GT Premium Coupe | $1,840 | $153 |
| Shelby GT350 Coupe | $1,958 | $163 |
2015 Ford Mustang insurance rates
Insurance rates average $1,516 per year for a 2015 Ford Mustang, or around $126 per month. Rates range from $1,234 per year for the Mustang Convertible to $1,786 for the Mustang Shelby GT350 Coupe.
| 2015 Ford Mustang Trim Level | Annual Rate | Per Month |
|---|---|---|
| Convertible | $1,234 | $103 |
| Ecoboost Premium Convertible | $1,304 | $109 |
| GT 50 YR Limited Edition Convertible | $1,374 | $115 |
| GT Premium Convertible | $1,374 | $115 |
| Coupe | $1,476 | $123 |
| Ecoboost Coupe | $1,512 | $126 |
| Ecoboost Premium Coupe | $1,558 | $130 |
| GT Coupe | $1,594 | $133 |
| GT Premium Coupe | $1,678 | $140 |
| GT 50 YR Limited Edition Coupe | $1,786 | $149 |
| Shelby GT350 Coupe | $1,786 | $149 |
2014 Ford Mustang insurance rates
Average insurance cost for a 2014 Ford Mustang is $1,494 per year, or around $125 per month. Rates range from $1,258 per year for the Mustang Convertible to $1,808 for the Mustang Shelby GT500 Coupe.
| 2014 Ford Mustang Trim Level | Annual Rate | Per Month |
|---|---|---|
| Convertible | $1,258 | $105 |
| Premium Convertible | $1,312 | $109 |
| GT Convertible | $1,348 | $112 |
| GT Premium Convertible | $1,380 | $115 |
| Coupe | $1,500 | $125 |
| Shelby GT500 Convertible | $1,524 | $127 |
| Premium Coupe | $1,556 | $130 |
| GT Coupe | $1,622 | $135 |
| GT Premium Coupe | $1,656 | $138 |
| Shelby GT500 Coupe | $1,808 | $151 |
2013 Ford Mustang insurance rates
Insurance rates for a 2013 Ford Mustang average $1,346 per year, or about $112 per month. Rates range from $1,176 per year for the Mustang Coupe to $1,524 for the Mustang Shelby GT500 Convertible.
| 2013 Ford Mustang Trim Level | Annual Rate | Per Month |
|---|---|---|
| Coupe | $1,176 | $98 |
| Premium Coupe | $1,240 | $103 |
| Convertible | $1,274 | $106 |
| GT Coupe | $1,292 | $108 |
| GT Premium Coupe | $1,324 | $110 |
| Premium Convertible | $1,338 | $112 |
| GT Convertible | $1,368 | $114 |
| Boss 302 Coupe 8CYL GAS | $1,396 | $116 |
| GT Premium Convertible | $1,400 | $117 |
| Shelby GT500 Coupe | $1,470 | $123 |
| Shelby GT500 Convertible | $1,524 | $127 |
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 a 18-year-old driver?
The cost to insure a 18-year-old male on a Ford Mustang averages $5,948 per year, or around $496 per month for a policy that includes physical damage coverge.
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 $6,370 per year, or around $531 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 $6,826 per year or around $569 per month. A 16-year-old female driver cost less, at around $501 per month, or $6,010 per year.
Are Ford Mustangs cheap to insure?
The average insurance cost for the Ford Mustang is $1,914 per year, or $160 per month. When compared to other sports cars, the Ford Mustang ranks third out of 26 vehicles for insurance affordability. When compared to the all-vehicle average insurance cost of $1,685, the Mustang averages $229 more per year.
