- Mustang insurance cost averages $1,596 per year, or around $133 per month for full coverage.
- The cheapest Mustang insurance is on the Ecoboost Fastback trim level at an estimated $1,392 per year. The most expensive is the Shelby GT500 at $1,964 annually.
- When compared to other sports cars, the 2022 Ford Mustang is one of the cheaper sports cars to insure, costing $539 less per year on average.
How much is insurance for a Mustang?
Ranked #2 out of 23 vehicles in the 2022 sports car class, Ford Mustang insurance costs on average $1,596 a year for full coverage, or $133 per month. With the average sports car costing $2,135 a year to insure, the Ford Mustang is $539 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 $1,198 per year for a 60-year-old driver with high deductibles to the most expensive rate of $3,666 per year for a driver age 20 with deductibles of $250.
What is the cheapest Mustang insurance?
With Ford Mustang insurance rates ranging from $1,392 to $1,964 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 Convertible at $1,440 per year. Expect to pay around $116 per month for a policy with full coverage.
The priciest models of Ford Mustang to insure are the Shelby GT500 at $1,964 and the Mach-1 Premium at $1,732 per year. Those two trim levels will cost an extra $572 and $340 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 $1,462 per year when averaged for all models, while the average cost of Mustang GT insurance is $1,579 per year. That’s a difference of $117 per year, or about 7.9% in favor of the Mustang Ecoboost.
The next table shows average annual and semi-annual car insurance rates for a 2022 Mustang for each available trim level.
| Ford Mustang Trim Level | Annual Policy | 6-month Policy | Per Month |
|---|---|---|---|
| Ecoboost Fastback | $1,392 | $696 | $116 |
| Ecoboost Convertible | $1,440 | $720 | $120 |
| Ecoboost Premium Fastback | $1,486 | $743 | $124 |
| Ecoboost Premium Convertible | $1,532 | $766 | $128 |
| GT Fastback | $1,532 | $766 | $128 |
| GT Premium Fastback | $1,578 | $789 | $132 |
| GT Premium Convertible | $1,626 | $813 | $136 |
| Mach-1 | $1,686 | $843 | $141 |
| Mach-1 Premium | $1,732 | $866 | $144 |
| Shelby GT500 | $1,964 | $982 | $164 |
Ford Mustang vs. the competition: How does it rank?
The Ford Mustang ranks #2 out of 23 total vehicles in the 2022 sports car segment. The Mustang costs an average of $1,596 per year to insure and the category average cost is $2,135 annually, a difference of $539 per year.
When compared to the top-selling vehicles in the sports car segment, insurance for a Ford Mustang costs $556 less overall per year than the Dodge Challenger, $500 less than the Chevrolet Camaro, $126 less than the Subaru WRX, and $312 less than the Chevrolet Corvette.
When Mustang insurance rates are compared to all vehicles (not just sports cars), the average price is 2.9% more than the national average car insurance rate of $1,551 per year.
The table below shows how the 23 cars in the 2022 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 | $1,312 | -$284 |
| 2 | Ford Mustang | $1,596 | -- |
| 3 | BMW Z4 | $1,628 | $32 |
| 4 | Subaru WRX | $1,722 | $126 |
| 5 | Toyota GR86 | $1,764 | $168 |
| 6 | Toyota GR Supra | $1,804 | $208 |
| 7 | Audi TT | $1,844 | $248 |
| 8 | Subaru BRZ | $1,898 | $302 |
| 9 | Chevrolet Corvette | $1,908 | $312 |
| 10 | BMW M3 | $1,960 | $364 |
| 11 | Porsche 718 | $2,044 | $448 |
| 12 | Chevrolet Camaro | $2,096 | $500 |
| 13 | Lexus RC F | $2,138 | $542 |
| 14 | Dodge Challenger | $2,152 | $556 |
| 15 | Mercedes-Benz AMG GT53 | $2,186 | $590 |
| 16 | Jaguar F-Type | $2,286 | $690 |
| 17 | Porsche Taycan | $2,346 | $750 |
| 18 | Porsche 911 | $2,402 | $806 |
| 19 | BMW M4 | $2,410 | $814 |
| 20 | Lexus LC 500 | $2,494 | $898 |
| 21 | Acura NSX | $2,924 | $1,328 |
| 22 | Audi R8 | $3,052 | $1,456 |
| 23 | Nissan GT-R | $3,132 | $1,536 |
Ford Mustang prior model year insurance rates
The following sections detail Ford Mustang insurance rates for every trim level for the 2013 to 2021 model years.
How much is insurance on a 2021 Ford Mustang?
Average insurance rates for a 2021 Ford Mustang are $1,560 per year, or around $130 per month. Rates range from $1,358 per year for the Mustang Ecoboost Coupe to $1,914 for the Mustang Shelby GT500.
| 2021 Ford Mustang Trim Level | Annual Rate | Per Month |
|---|---|---|
| Ecoboost Coupe | $1,358 | $113 |
| Ecoboost Convertible | $1,408 | $117 |
| Ecoboost Premium Coupe | $1,448 | $121 |
| GT Coupe | $1,494 | $125 |
| Ecoboost Premium Convertible | $1,496 | $125 |
| GT Premium Coupe | $1,536 | $128 |
| Mach-E | $1,542 | $129 |
| GT Premium Convertible | $1,586 | $132 |
| Bullitt Coupe | $1,628 | $136 |
| Mach-1 | $1,642 | $137 |
| Mach-1 Premium | $1,686 | $141 |
| Shelby GT500 | $1,914 | $160 |
How much are 2020 Ford Mustang insurance rates?
Average insurance rates for a 2020 Ford Mustang are $1,514 per year, or around $126 per month. Rates range from $1,332 per year for the Mustang Ecoboost Coupe to $1,860 for the Mustang Shelby GT500 Convertible.
| 2020 Ford Mustang Trim Level | Annual Rate | Per Month |
|---|---|---|
| Ecoboost Coupe | $1,332 | $111 |
| Ecoboost Convertible | $1,382 | $115 |
| Ecoboost Premium Coupe | $1,418 | $118 |
| GT Coupe | $1,462 | $122 |
| Ecoboost Premium Convertible | $1,468 | $122 |
| GT Premium Coupe | $1,506 | $126 |
| GT Premium Convertible | $1,556 | $130 |
| Shelby GT350 Coupe | $1,564 | $130 |
| Bullitt Coupe | $1,594 | $133 |
| Shelby GT500 Convertible | $1,860 | $155 |
How much does a 2019 Mustang cost to insure?
Insurance rates for a 2019 Ford Mustang average $1,478 per year, or about $123 per month. Rates range from $1,256 per year for the Mustang Ecoboost Convertible to $1,748 for the Mustang Shelby GT350R Coupe.
| 2019 Ford Mustang Trim Level | Annual Rate | Per Month |
|---|---|---|
| Ecoboost Convertible | $1,256 | $105 |
| Ecoboost Premium Convertible | $1,342 | $112 |
| Ecoboost Coupe | $1,362 | $114 |
| GT Premium Convertible | $1,386 | $116 |
| Ecoboost Premium Coupe | $1,462 | $122 |
| GT Coupe | $1,506 | $126 |
| Shelby GT350 Convertible | $1,514 | $126 |
| GT Premium Coupe | $1,548 | $129 |
| Bullitt Coupe | $1,662 | $139 |
| Shelby GT350R Coupe | $1,748 | $146 |
What does insurance on a 2018 Ford Mustang cost?
2018 Ford Mustang insurance rates average $1,680 per year, or around $140 per month. Cost ranges from $1,228 per year for the Mustang Ecoboost Convertible to $2,104 for the Mustang Shelby GT350 Coupe.
| 2018 Ford Mustang Trim Level | Annual Rate | Per Month |
|---|---|---|
| Ecoboost Convertible | $1,228 | $102 |
| Ecoboost Premium Convertible | $1,412 | $118 |
| GT Premium Convertible | $1,454 | $121 |
| Ecoboost Coupe | $1,700 | $142 |
| Ecoboost Premium Coupe | $1,804 | $150 |
| GT Coupe | $1,846 | $154 |
| GT Premium Coupe | $1,900 | $158 |
| Shelby GT350 Coupe | $2,104 | $175 |
How much is 2017 Ford Mustang car insurance?
A 2017 Ford Mustang averages $1,634 per year for full coverage insurance, or around $136 per month. Rates range from $1,294 per year for the Mustang Convertible to $2,012 for the Mustang Shelby GT350 Coupe.
| 2017 Ford Mustang Trim Level | Annual Rate | Per Month |
|---|---|---|
| Convertible | $1,294 | $108 |
| Ecoboost Premium Convertible | $1,334 | $111 |
| GT Premium Convertible | $1,412 | $118 |
| Coupe | $1,664 | $139 |
| Ecoboost Coupe | $1,664 | $139 |
| Ecoboost Premium Coupe | $1,714 | $143 |
| GT Coupe | $1,764 | $147 |
| GT Premium Coupe | $1,856 | $155 |
| Shelby GT350 Coupe | $2,012 | $168 |
How much does 2016 Ford Mustang insurance cost?
Average insurance cost for a 2016 Ford Mustang is $1,472 per year, or around $123 per month. Rates range from $1,124 per year for the Mustang Convertible to $1,800 for the Mustang Shelby GT350 Coupe.
| 2016 Ford Mustang Trim Level | Annual Rate | Per Month |
|---|---|---|
| Convertible | $1,124 | $94 |
| Ecoboost Premium Convertible | $1,198 | $100 |
| GT Premium Convertible | $1,272 | $106 |
| Coupe | $1,494 | $125 |
| Ecoboost Coupe | $1,520 | $127 |
| Ecoboost Premium Coupe | $1,568 | $131 |
| GT Coupe | $1,616 | $135 |
| GT Premium Coupe | $1,690 | $141 |
| Shelby GT350 Coupe | $1,800 | $150 |
What is the cost of 2015 Mustang insurance?
Insurance rates average $1,422 per year for a 2015 Ford Mustang, or around $119 per month. Rates range from $1,154 per year for the Mustang Convertible to $1,680 for the Mustang Shelby GT350 Coupe.
| 2015 Ford Mustang Trim Level | Annual Rate | Per Month |
|---|---|---|
| Convertible | $1,154 | $96 |
| Ecoboost Premium Convertible | $1,226 | $102 |
| GT 50 YR Limited Edition Convertible | $1,294 | $108 |
| GT Premium Convertible | $1,294 | $108 |
| Coupe | $1,380 | $115 |
| Ecoboost Coupe | $1,416 | $118 |
| Ecoboost Premium Coupe | $1,460 | $122 |
| GT Coupe | $1,496 | $125 |
| GT Premium Coupe | $1,574 | $131 |
| GT 50 YR Limited Edition Coupe | $1,680 | $140 |
| Shelby GT350 Coupe | $1,680 | $140 |
How much does 2014 Ford Mustang insurance cost?
Average insurance cost for a 2014 Ford Mustang is $1,384 per year, or around $115 per month. Rates range from $1,166 per year for the Mustang Convertible to $1,676 for the Mustang Shelby GT500 Coupe.
| 2014 Ford Mustang Trim Level | Annual Rate | Per Month |
|---|---|---|
| Convertible | $1,166 | $97 |
| Premium Convertible | $1,220 | $102 |
| GT Convertible | $1,252 | $104 |
| GT Premium Convertible | $1,284 | $107 |
| Coupe | $1,378 | $115 |
| Shelby GT500 Convertible | $1,422 | $119 |
| Premium Coupe | $1,432 | $119 |
| GT Coupe | $1,496 | $125 |
| GT Premium Coupe | $1,528 | $127 |
| Shelby GT500 Coupe | $1,676 | $140 |
What does 2013 Mustang car insurance cost?
Insurance rates for a 2013 Ford Mustang average $1,240 per year, or about $103 per month. Rates range from $1,082 per year for the Mustang Coupe to $1,408 for the Mustang Shelby GT500 Convertible.
| 2013 Ford Mustang Trim Level | Annual Rate | Per Month |
|---|---|---|
| Coupe | $1,082 | $90 |
| Premium Coupe | $1,140 | $95 |
| Convertible | $1,172 | $98 |
| GT Coupe | $1,190 | $99 |
| GT Premium Coupe | $1,220 | $102 |
| Premium Convertible | $1,230 | $103 |
| GT Convertible | $1,260 | $105 |
| Boss 302 Coupe 8CYL GAS | $1,288 | $107 |
| GT Premium Convertible | $1,290 | $108 |
| Shelby GT500 Coupe | $1,356 | $113 |
| Shelby GT500 Convertible | $1,408 | $117 |
Frequently Asked Questions about Mustang Insurance
The following questions are some of the most common questions asked about insuring a Mustang.
What is the average cost per year for Ford Mustang Insurance?
Ford Mustang insurance costs an average of $1,596 per year with rates ranging from $1,392 per year for the Mustang Ecoboost Fastback to $1,964 for the Mustang Shelby GT500.
What is the average monthly cost to insure a Mustang?
The average monthly cost to insure a Ford Mustang is $133 for full coverage. Rates range from around $119 per month for a 60-year-old drive to $262 for a 20-year-old driver. Teen drivers pay significantly higher rates.
How much does Mustang EcoBoost insurance cost?
Average car insurance rates for the Mustang EcoBoost range from $1,488 to $1,602 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 $4,888 per year, or around $407 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 $5,224 per year, or around $435 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 $5,570 per year or around $464 per month. A 16-year-old female driver cost less, at around $408 per month, or $4,900 per year.
Are Ford Mustangs cheap to insure?
The average insurance cost for the Ford Mustang is $1,596 per year, or $133 per month. When compared to other sports cars, the Ford Mustang ranks #2 out of 23 vehicles for insurance affordability. When compared to the all-vehicle average insurance cost of $1,551, the Mustang averages $45 more per year.
