Ford Mustang Insurance Cost – 2021 Rate Comparisons

How much does Mustang insurance cost? We compared average rates from the Ecoboost models up to the Shelby GT500 trim level to see how prices compared to other sports car models.

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  • Mustang insurance cost averages $1,698 per year, or around $142 per month for full coverage.
  • The cheapest Mustang insurance is on the Ecoboost Convertible trim level at an estimated $1,488 per year. The most expensive is the Shelby GT500 at $2,042 annually.
  • When compared to other sports cars, the 2021 Ford Mustang is one of the cheaper sports cars to insure, costing $514 less per year on average.

How much is insurance for a Mustang?

Ranked #2 out of 18 vehicles in the 2021 sports car class, Ford Mustang insurance costs on average $1,698 a year for full coverage, or $142 per month. With the average sports car costing $2,212 a year to insure, the Ford Mustang is $514 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 $1,270 per year for a 60-year-old driver with high deductibles to the most expensive rate of $3,952 per year for a driver age 20 with deductibles of $250.

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Chart Data Details: Chart shows average insurance cost for a 2021 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.
Ford Mustang Car Insurance Rates
Ford Mustang Insurance Cost by Driver Age and Deductibles
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$2,824$235
$500$3,372$281
$250$3,952$329
30$1,000$1,488$124
$500$1,796$150
$250$2,114$176
40$1,000$1,416$118
$500$1,698$142
$250$1,990$166
50$1,000$1,292$108
$500$1,544$129
$250$1,806$151
60$1,000$1,270$106
$500$1,516$126
$250$1,776$148

What is the cheapest Mustang insurance?

With Ford Mustang insurance rates ranging from $1,488 to $2,042 per year for the average driver, the cheapest trim level to insure is the Ecoboost Convertible. The second cheapest trim level to insure is the Ecoboost Coupe at $1,510 per year. Expect to pay around $124 per month for a policy with full coverage.

The priciest models of Ford Mustang to insure are the Shelby GT500 at $2,042 and the Mach-1 Premium at $1,878 per year. Those two trim levels will cost an extra $554 and $390 per year, respectively, over the cheapest Ecoboost Convertible 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 $1,546 per year when averaged for all models, while the average cost of Mustang GT insurance is $1,672 per year. That’s a difference of $126 per year, or about 8.2% in favor of the Mustang EcoBoost.

The next table shows average annual and semi-annual car insurance rates for a 2021 Mustang for each available trim level.

Ford Mustang Insurance Cost by Trim Level
Ford Mustang Trim Level Annual Policy 6-month Policy Per Month
Ecoboost Convertible$1,488$744$124
Ecoboost Coupe$1,510$755$126
Ecoboost Premium Convertible$1,582$791$132
Ecoboost Premium Coupe$1,602$801$134
Mach-E$1,628$814$136
GT Coupe$1,648$824$137
GT Premium Convertible$1,674$837$140
GT Premium Coupe$1,694$847$141
Bullitt Coupe$1,786$893$149
Mach-1$1,832$916$153
Mach-1 Premium$1,878$939$157
Shelby GT500$2,042$1,021$170

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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.
Ford Mustang Insurance Cost by Trim Level

Ford Mustang vs. the competition: How does it rank?

The Ford Mustang ranks #2 out of 18 total vehicles in the 2021 sports car segment. The Mustang costs an average of $1,698 per year to insure and the category average cost is $2,212 annually, a difference of $514 per year.

When compared to the top-selling vehicles in the sports car segment, insurance for a Ford Mustang costs $382 less overall per year than the Dodge Challenger, $306 less than the Chevrolet Camaro, $102 less than the Subaru WRX, and $248 less than the Chevrolet Corvette.

When Mustang insurance rates are compared to all vehicles (not just sports cars), the average price is 11.5% more than the national average car insurance rate of $1,523 per year.

The table below shows how the 18 cars in the 2021 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$1,388-$310
2Ford Mustang$1,698--
3Audi TT$1,708$10
4Subaru WRX$1,800$102
5Toyota Supra$1,812$114
6Porsche 718$1,876$178
7Nissan 370Z$1,892$194
8Chevrolet Corvette$1,946$248
9Subaru BRZ$1,984$286
10Chevrolet Camaro$2,004$306
11Dodge Challenger$2,080$382
12Jaguar F-Type$2,336$638
13Lexus LC 500$2,500$802
14Porsche 911$2,592$894
15BMW i8$2,826$1,128
16Acura NSX$2,940$1,242
17Audi R8$3,170$1,472
18Nissan GT-R$3,272$1,574

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Table Data Details: Average rates are based on 2021 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.
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 trim level for the 2013 to 2020 model years.

How much are 2020 Ford Mustang insurance rates?

Average insurance rates for a 2020 Ford Mustang are $1,628 per year, or around $136 per month. Rates range from $1,454 per year for the Mustang Ecoboost Convertible to $1,944 for the Mustang Shelby GT500 Convertible.

2020 Ford Mustang Insurance Cost by Trim Level
2020 Ford Mustang Trim Level Annual Rate Per Month
Ecoboost Convertible$1,454$121
Ecoboost Coupe$1,470$123
Ecoboost Premium Convertible$1,544$129
Ecoboost Premium Coupe$1,558$130
GT Coupe$1,604$134
GT Premium Convertible$1,632$136
GT Premium Coupe$1,648$137
Shelby GT350 Coupe$1,710$143
Bullitt Coupe$1,736$145
Shelby GT500 Convertible$1,944$162

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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.
2020 Ford Mustang Insurance Cost by Trim Level

How much does a 2019 Mustang cost to insure?

Insurance rates for a 2019 Ford Mustang average $1,568 per year, or about $131 per month. Rates range from $1,354 per year for the Mustang Ecoboost Convertible to $1,816 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$1,354$113
Ecoboost Coupe$1,428$119
Ecoboost Premium Convertible$1,440$120
GT Premium Convertible$1,484$124
Ecoboost Premium Coupe$1,558$130
GT Coupe$1,600$133
Shelby GT350 Convertible$1,614$135
GT Premium Coupe$1,644$137
Bullitt Coupe$1,730$144
Shelby GT350R Coupe$1,816$151

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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.
2019 Ford Mustang Insurance Cost by Trim Level

What does insurance on a 2018 Ford Mustang cost?

2018 Ford Mustang insurance rates average $1,852 per year, or around $154 per month. Cost ranges from $1,336 per year for the Mustang Ecoboost Convertible to $2,314 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$1,336$111
Ecoboost Premium Convertible$1,378$115
GT Premium Convertible$1,420$118
Ecoboost Coupe$1,808$151
Ecoboost Premium Coupe$1,978$165
GT Coupe$2,020$168
GT Premium Coupe$2,104$175
Shelby GT350 Coupe$2,314$193

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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.
2018 Ford Mustang Insurance Cost by Trim Level

How much is 2017 Ford Mustang car insurance?

A 2017 Ford Mustang averages $1,724 per year for full coverage insurance, or around $144 per month. Rates range from $1,260 per year for the Mustang Convertible to $2,218 for the Mustang Shelby GT350 Coupe.

2017 Ford Mustang Insurance Cost by Trim Level
2017 Ford Mustang Trim Level Annual Rate Per Month
Convertible$1,260$105
Ecoboost Premium Convertible$1,300$108
GT Premium Convertible$1,382$115
Coupe$1,770$148
Ecoboost Coupe$1,770$148
Ecoboost Premium Coupe$1,850$154
GT Coupe$1,932$161
GT Premium Coupe$2,054$171
Shelby GT350 Coupe$2,218$185

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.
2017 Ford Mustang Insurance Cost by Trim Level

How much does 2016 Ford Mustang insurance cost?

Average insurance cost for a 2016 Ford Mustang is $1,550 per year, or around $129 per month. Rates range from $1,076 per year for the Mustang Convertible to $1,962 for the Mustang Shelby GT350 Coupe.

2016 Ford Mustang Insurance Cost by Trim Level
2016 Ford Mustang Trim Level Annual Rate Per Month
Convertible$1,076$90
Ecoboost Premium Convertible$1,156$96
GT Premium Convertible$1,232$103
Coupe$1,612$134
Ecoboost Coupe$1,612$134
Ecoboost Premium Coupe$1,692$141
GT Coupe$1,768$147
GT Premium Coupe$1,846$154
Shelby GT350 Coupe$1,962$164

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.
2016 Ford Mustang Insurance Cost by Trim Level

What is the cost of 2015 Mustang insurance?

Insurance rates average $1,522 per year for a 2015 Ford Mustang, or around $127 per month. Rates range from $1,182 per year for the Mustang Convertible to $1,848 for the Mustang Shelby GT350 Coupe.

2015 Ford Mustang Insurance Cost by Trim Level
2015 Ford Mustang Trim Level Annual Rate Per Month
Convertible$1,182$99
Ecoboost Premium Convertible$1,256$105
GT 50 YR Limited Edition Convertible$1,328$111
GT Premium Convertible$1,328$111
Coupe$1,482$124
Ecoboost Coupe$1,520$127
Ecoboost Premium Coupe$1,594$133
GT Coupe$1,630$136
GT Premium Coupe$1,738$145
GT 50 YR Limited Edition Coupe$1,848$154
Shelby GT350 Coupe$1,848$154

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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.
2015 Ford Mustang Insurance Cost by Trim Level

How much does 2014 Ford Mustang insurance cost?

Average insurance cost for a 2014 Ford Mustang is $1,518 per year, or around $127 per month. Rates range from $1,254 per year for the Mustang Convertible to $1,904 for the Mustang Shelby GT500 Coupe.

2014 Ford Mustang Insurance Cost by Trim Level
2014 Ford Mustang Trim Level Annual Rate Per Month
Convertible$1,254$105
Premium Convertible$1,290$108
GT Convertible$1,324$110
GT Premium Convertible$1,358$113
Shelby GT500 Convertible$1,532$128
Coupe$1,558$130
Premium Coupe$1,592$133
GT Coupe$1,662$139
GT Premium Coupe$1,698$142
Shelby GT500 Coupe$1,904$159

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.
2014 Ford Mustang Insurance Cost by Trim Level

What does 2013 Mustang car insurance cost?

Insurance rates for a 2013 Ford Mustang average $1,344 per year, or about $112 per month. Rates range from $1,198 per year for the Mustang Coupe to $1,514 for the Mustang Shelby GT500 Coupe.

2013 Ford Mustang Insurance Cost by Trim Level
2013 Ford Mustang Trim Level Annual Rate Per Month
Coupe$1,198$100
Convertible$1,246$104
Premium Coupe$1,260$105
GT Coupe$1,292$108
Premium Convertible$1,310$109
GT Premium Coupe$1,324$110
GT Convertible$1,340$112
GT Premium Convertible$1,372$114
Boss 302 Coupe 8CYL GAS$1,418$118
Shelby GT500 Convertible$1,498$125
Shelby GT500 Coupe$1,514$126

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.
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.

What is the average cost per year for Ford Mustang Insurance?

Ford Mustang insurance costs an average of $1,698 per year with rates ranging from $1,488 per year for the Mustang Ecoboost Convertible to $2,042 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 $142 for full coverage. Rates range from around $126 per month for a 60-year-old drive to $281 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 $5,248 per year, or around $437 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 $5,606 per year, or around $467 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 $5,964 per year or around $497 per month. A 16-year-old female driver cost less, at around $437 per month, or $5,246 per year.

Are Ford Mustangs cheap to insure?

The average insurance cost for the Ford Mustang is $1,698 per year, or $142 per month. When compared to other sports cars, the Ford Mustang ranks #2 out of 18 vehicles for insurance affordability. When compared to the all-vehicle average insurance cost of $1,523, the Mustang averages $175 more per year.

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