Ford Mustang Insurance Cost: Ecoboost, GT, Mach-1, Shelby, More

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. Plus, see which company has the best Mustang insurance.

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  • 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.
  • In a comparison of large U.S. insurance companies, average Mustang insurance rates ranged from $1,673 to $2,364 per year, with Progressive being the cheapest.

How much does Mustang insurance cost?

Ranked third out of 26 vehicles in the 2023 sports car class, Ford Mustang insurance costs on average $1,914 per 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.

When compared to all models, not just sports cars, average car insurance rates for the 2023 Mustang cost $14 more to insure than the national average rate for 2023 model year vehicles of $1,900 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 2023 model, the cheapest model to insure is the Mustang Ecoboost Fastback trim level at $1,700 per year, while the Shelby GT500 trim level is the most expensive Mustang to insure at an average cost of $2,216 per year.

That’s a difference of $516 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 $1,448 per year for a 60-year-old driver with higher $1,000 deductibles to a much higher rate of $4,374 per year for a 20-year-old driver with $250 deductibles.

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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 May 5, 2023
Ford Mustang Car Insurance Rates
2023 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

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 $596 per year, but it’s much more for the 20-year-old driver at $1,158 per year.

What is the cheapest Mustang insurance?

With 2023 Ford Mustang insurance rates ranging from $1,700 to $2,216 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 $1,754 per year.

Expect average insurance prices to start at around $142 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 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 Ecoboost models.

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 Six-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 May 5, 2023
Ford Mustang Insurance Cost by Trim Level

Ford Mustang vs. the competition

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.

The table below shows how the 26 cars in the 2023 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.

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 the 2023 model year, with the rated driver being a 40-year-old married male with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to rates, which are averaged for all vehicle trim levels. Full-coverage physical damage deductibles are $500 and rates are also averaged for all U.S. states.Data last updated on May 5, 2023
Ford Mustang Insurance Cost Compared to Other Sports Cars

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 2023 Ford Mustang were $1,591 for Progressive and $1,673 for GEICO.

Other companies came in a little higher, with State Farm averaging $2,033 per year, Liberty Mutal was at $2,090, and Nationwide came in just a couple of dollars higher at $2,092.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2023 Ford Mustang, rated for a 40-year-old married male driver. Physical damage deductibles are $500, liability limits are 100/300/100, and rates are averaged for all locations and Ford Mustang trim levels.Data last updated on May 5, 2023
Average Ford Mustang Insurance Rates by Company
Average Ford Mustang Insurance Rates by Company
Insurance CompanyAverage Annual RateCost Per Month
Progressive$1,591$133
GEICO$1,673$139
State Farm$2,033$169
Liberty Mutual$2,090$174
Nationwide$2,092$174
Farmers$2,140$178
Allstate$2,364$197

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 2023 Ford Mustang to put them in the table below.

Ford Mustang Insurance Top Five Policy Discounts
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$268
Multi-Policy Bundling Savings of 1% to 17%Allstate, American Family, Farmers, GEICO, Liberty Mutual, Nationwide, Progressive, State Farm, Travelers, USAA$211
Usage-based Save up to 30%Allstate, American Family, Esurance, Farmers, GEICO, Liberty Mutual, Nationwide, Progressive, Safeco, State Farm, Travelers, USAA$178
Safety Features Savings of 3% to 20%American Family, Farmers, GEICO, Liberty Mutual, State Farm$151
Defensive Driving Savings of 5% to 10%AAA, Allstate, American Family, Farmers, GEICO, Liberty Mutual, Nationwide, State Farm, Travelers, USAA$144

Get Rates in Your AreaWhy is this important?

Table Data Details: The average savings is based on a 2023 model year Ford Mustang with a 40-year-old driver, clean driving record, and no at-fault accidents. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states. Discount savings vary by company and not all discounts are offered by every company.Data last updated on May 5, 2023
Ford Mustang Insurance Top Five Policy Discounts

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 2023 Mustang.

  1. Active military or veterans – Many companies offer discounts if you are currently in the military or are a veteran. Expect average savings of $134.
  2. Pay-in-full discount – If you can pay your entire policy term at once rather than in installments, you could save an average of $121.
  3. Multi-vehicle discount – If you have multiple vehicles, insuring them on the same policy could save around $115.
  4. Young drivers with good grades – If you have a driver who is still in high school or college, you could save around $100 if they maintain a good GPA.
  5. Homeowner – If you own your home or condo, you could save around $77 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 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 May 5, 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 May 5, 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 May 5, 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 May 5, 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 May 5, 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 May 5, 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 May 5, 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 May 5, 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 May 5, 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 May 5, 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 an 18-year-old driver?

The cost to insure an 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 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 $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 on a 2023 Ford Mustang is $1,914 per year, or $160 per month. When compared to other 2023 model year sports cars, the Ford Mustang ranks third out of 26 vehicles for insurance affordability.