Ford Mustang Insurance Cost for 2023

Is insurance for a Ford Mustang affordable?

We compared insurance prices from the Ecoboost Fastback trim level to the more costly Shelby GT500 model to see how insurance on a Mustang ranks against the 2023 sports car segment.

Start QuoteCompare Mustang car insurance rates and save on your next policy.

  • 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.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Chart shows average insurance cost for a 2023 Ford Mustang with safe driver and claim-free discounts applied. Rates are for full-coverage insurance and averaged for all U.S. states and all Ford Mustang trim levels.Data last updated on January 23, 2023
Ford Mustang Car Insurance Rates
Ford Mustang Insurance Cost by Driver Age and Deductibles
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$3,216$268
$500$3,780$315
$250$4,374$365
30$1,000$1,694$141
$500$2,014$168
$250$2,344$195
40$1,000$1,620$135
$500$1,914$160
$250$2,216$185
50$1,000$1,478$123
$500$1,742$145
$250$2,014$168
60$1,000$1,448$121
$500$1,706$142
$250$1,974$165

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.

2023 Ford Mustang Insurance Cost by 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

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2023 Ford Mustang, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on January 23, 2023
Ford Mustang Insurance Cost by Trim Level

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.

Ford Mustang Insurance Cost Compared to Other Sports Cars
Rank Make/Model Insurance Cost Difference
1Mazda MX-5 Miata$1,630-$284
2Audi TT$1,828-$86
3Ford Mustang$1,914--
4BMW Z4$1,928$14
5Subaru WRX$1,948$34
6Nissan Z$1,978$64
7Toyota GR Supra$2,010$96
8Toyota GR86$2,034$120
9BMW M2$2,036$122
10Subaru BRZ$2,128$214
11Chevrolet Corvette$2,176$262
12BMW M3$2,224$310
13Lexus RC F$2,270$356
14Porsche 718$2,272$358
15Chevrolet Camaro$2,310$396
16Mercedes-Benz AMG GT53$2,448$534
17Jaguar F-Type$2,534$620
18Porsche Taycan$2,590$676
19BMW M4$2,622$708
20Lexus LC 500$2,652$738
21Dodge Challenger$2,660$746
22Porsche 911$2,890$976
23Acura NSX$3,268$1,354
24Audi R8$3,378$1,464
25Mercedes-Benz SL 55$3,382$1,468
26Mercedes-Benz SL 63$3,600$1,686

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are based on 2023 model year, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all vehicle trim levels. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on January 23, 2023
Ford Mustang Insurance Cost Compared to Other Sports Cars

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 Insurance Cost by Trim Level
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

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2022 Ford Mustang, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on January 23, 2023
2022 Ford Mustang Insurance Cost by Trim Level

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 Insurance Cost by Trim Level
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

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2021 Ford Mustang, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on January 23, 2023
2021 Ford Mustang Insurance Cost by Trim Level

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 Insurance Cost by Trim Level
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

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2020 Ford Mustang, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on January 23, 2023
2020 Ford Mustang Insurance Cost by Trim Level

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 Insurance Cost by Trim Level
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

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2019 Ford Mustang, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on January 23, 2023
2019 Ford Mustang Insurance Cost by Trim Level

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 Insurance Cost by Trim Level
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

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2018 Ford Mustang, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on January 23, 2023
2018 Ford Mustang Insurance Cost by Trim Level

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 Insurance Cost by Trim Level
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

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2017 Ford Mustang, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on January 23, 2023
2017 Ford Mustang Insurance Cost by Trim Level

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 Insurance Cost by Trim Level
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

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2016 Ford Mustang, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on January 23, 2023
2016 Ford Mustang Insurance Cost by Trim Level

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 Insurance Cost by Trim Level
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

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2015 Ford Mustang, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on January 23, 2023
2015 Ford Mustang Insurance Cost by Trim Level

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 Insurance Cost by Trim Level
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

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2014 Ford Mustang, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on January 23, 2023
2014 Ford Mustang Insurance Cost by Trim Level

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 Insurance Cost by Trim Level
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

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2013 Ford Mustang, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on January 23, 2023
2013 Ford Mustang Insurance Cost by Trim Level

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.