Gianetta Palmer is a writer, copywriter, and essayist. Her work has appeared in EverydayHealth.com, Healthline, and The Dyrt Magazine. She is the author of Scrunchie-Fried and writes a lot about car insurance in her spare time.

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Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He also has an MBA from the University of South Florid...

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Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Jun 17, 2021

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Are you looking for a new or used Ford Mustang? And wondering how much it costs to insure by year? We researched average annual car insurance costs for each model year and have compiled the results for you below.

Ford Mustang car insurance facts

  • Average full coverage auto insurance premium: $155/month

  • Most affordable companies: Kentucky Farm Bureau ($127/month) & American Family Insurance ($132/month)

  • Mustang car insurance cost vs. average rates: $13 less expensive than the average vehicle

Explore the pricing information below to find how much it will cost you to insure your Ford Mustang by model year and auto insurer.

Make sure to comparison shop before making a new car purchase to save money. 

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

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Below average Ford Mustang insurer costs by state:

Risk factors affecting Ford Mustang car insurance rates

The make and model of your vehicle, along with the year of manufacture, are the three most important factors in determining your car’s value, which in turn is the main factor in determining your car insurance premium. Your own personal driving history, age, marital status, credit scoretype of vehicle, coverage levels, and other personal factors are also important components of your rate.

How to save money on Ford Mustang car insurance coverage?

Many driver discounts are available to people through most major auto insurance companies, such as

  • Student discounts

  • Safe drivers

  • Senior discounts

With all Ford models, you can get the following car insurance discounts:

  • Passive restraint systems

  • Anti-lock brakes

  • Anti-theft devices

Ford automobile brand

Ford Motor Company is an American multinational automaker specializing in affordable automobiles and commercial vehicles under the Ford brand for the United States market. Ford also sells luxury cars under the Lincoln brand. The target market of Ford is various social and income groups for young and old stylish buyers, primarily through social media and YouTube. All Ford automobiles have high safety ratings, with many of their cars getting “Top Safety Pick” and 5-star safety and crash test ratings from the National Highway Traffic Safety Administration (NHTSA). The Ford F-150, Explorer, Edge, and Escape are some of their most popular vehicles.

High Ford Mustang repair costs equal high coverage rates

Many consumers are attracted to Ford’s creative designs, increased fuel efficiency, and driver-assist technologies, like Ford’s Co-Pilot 360. Automotive parts are common but generally more expensive than popular vehicles, like the ToyotaHonda, or Subaru. Repairing a Ford is higher than average since repair parts are slightly more expensive. For this reason, many Fords are going to have higher than average car insurance rates compared to similar cars in their class.

Rapid depreciation for Ford Mustang affecting auto policies

Another factor to consider for Ford is rapid depreciation, affecting auto insurance rates. As your vehicle’s value goes down each year, your auto policy could go down at each renewal. On the other hand, in an auto accident, you need repair parts that rarely go down in price for all Ford models. This could put you in a difficult situation position since many car insurance companies will subtract depreciation from the amount paid for your insurance claim resulting in a situation where your claim payout doesn’t fully cover your repair cost.

Excellent Ford IIHS and NHTSA safety ratings decreasing car insurance rates for drivers

Fords are known for their safety ratings, safety features, 5-star crash test ratings, driver-assist technologies such as Ford’s Co-Pilot 360, and lower auto insurance rates for drivers with a good driving record, sometimes getting 20% driver discounts for passive restraints and safety features for most Ford models. The Ford Escape, Edge, and Explorer are the Insurance Institute for Highway Safety (IIHS) “Top Safety Picks,” and the NHTSA consistently gives Ford automobiles top safety ratings each year, lowering your car insurance costs.

AutoInsureSavings.org licensed car insurance agents to recommend comprehensive and collision coverage, uninsured motorist coverage, and roadside assistance for new Ford automobile owners when buying a car insurance policy.

Make sure to shop around with multiple car insurance carriers before making a new car purchase.

2021 Ford Mustang

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $2748
Acuity$2830
Allied$1839
Allstate$1999
American Family$1598
Arbella$1908
Country Financial$2219
GEICO$1657
Kentucky Farm Bureau$1530
Liberty Mutual$1715
Mercury$1789
Nationwide$1870
Progressive$1668
Quincy Mutual$2319
State Farm$1611
Texas Farm Bureau$1977
The Hanover$2590
Travelers$2163

Compare all 2021 Ford Mustang rates

Average Cost to Insure Per Year

$1863

List Price

$27155

Trims Available

V6 - EcoBoost - EcoBoost Premium - GT - GT Premium - Shelby GT350 - Shelby GT350R - Base Engine: turbocharged 2.3-liter four-cylinder at 330 horsepower with driver assist technology (Ford Co-Pilot 360) includes forward collision warning with pedestrian detection, automatic forward emergency braking, blind-spot warning, rear cross-traffic warning, lane-departure warning, lane-keeping assistance, automatic high-beam headlights, reversing camera. With passive and active safety features: Airbags, 4-Wheel ABS, 4-Wheel Disc Brakes, Brake Assist, Electronic Stability Control, Daytime Running Lights, and Child Safety Locks

2020 Ford Mustang

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $2742
Allied$1835
Allstate$2050
American Family$1590
Arbella$1906
Country Financial$2212
GEICO$1653
Kentucky Farm Bureau$1529
Liberty Mutual$1711
Mercury$1788
Nationwide$1869
Quincy Mutual$2315
State Farm$1606
Texas Farm Bureau$1970
The Hanover$2586
Travelers$2160

Compare all 2020 Ford Mustang rates

Average Cost to Insure Per Year

$1836

List Price

$26670

Trims Available

V6 - EcoBoost - EcoBoost Premium - GT - GT Premium - Shelby GT350 - Shelby GT350R - Base Engine: turbocharged 2.3-liter four-cylinder at 330 horsepower with driver assist technology (Ford Co-Pilot 360) includes forward collision warning with pedestrian detection, automatic forward emergency braking, blind-spot warning, rear cross-traffic warning, lane-departure warning, lane-keeping assistance, automatic high-beam headlights, reversing camera. With passive and active safety features: Airbags, 4-Wheel ABS, 4-Wheel Disc Brakes, Brake Assist, Electronic Stability Control, Daytime Running Lights, and Child Safety Locks

2019 Ford Mustang

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $2688
Allied$1790
Allstate$2049
American Family$1538
Arbella$1859
Country Financial$2160
GEICO$1629
Kentucky Farm Bureau$1468
Liberty Mutual$1687
Mercury$1745
Nationwide$1835
Quincy Mutual$2297
State Farm$1540
Texas Farm Bureau$1967
The Hanover$2491
Travelers$2095

Compare all 2019 Ford Mustang rates

Average Cost to Insure Per Year

$1820

List Price

$26395

Trims Available

V6 - EcoBoost - EcoBoost Premium - GT - GT Premium - Shelby GT350 - Shelby GT350R - Base Engine: turbocharged 2.3-liter four-cylinder at 330 horsepower with driver assist technology (Ford Co-Pilot 360) includes forward collision warning with pedestrian detection, automatic forward emergency braking, blind-spot warning, rear cross-traffic warning, lane-departure warning, lane-keeping assistance, automatic high-beam headlights, reversing camera. With passive and active safety features: Airbags, 4-Wheel ABS, 4-Wheel Disc Brakes, Brake Assist, Electronic Stability Control, Daytime Running Lights, and Child Safety Locks

2018 Ford Mustang

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $2648
Allied$1650
Allstate$1925
American Family$1488
Arbella$1785
Country Financial$2159
GEICO$1569
Kentucky Farm Bureau$1435
Liberty Mutual$1590
Mercury$1643
Nationwide$1706
Quincy Mutual$2280
State Farm$1537
Texas Farm Bureau$1864
The Hanover$2465
Travelers$2016

Compare all 2018 Ford Mustang rates

Average Cost to Insure Per Year

$1792

List Price

$25680

Trims Available

V6 - EcoBoost - EcoBoost Premium - GT - GT Premium - Shelby GT350 - Shelby GT350R - Base Engine: turbocharged 2.3-liter four-cylinder at 330 horsepower with driver assist technology (Ford Co-Pilot 360) includes forward collision warning with pedestrian detection, automatic forward emergency braking, blind-spot warning, rear cross-traffic warning, lane-departure warning, lane-keeping assistance, automatic high-beam headlights, reversing camera. With passive and active safety features: Airbags, 4-Wheel ABS, 4-Wheel Disc Brakes, Brake Assist, Electronic Stability Control, Daytime Running Lights, and Child Safety Locks

2017 Ford Mustang

Cheapest Insurance CompaniesAverage Annual Cost
Allied$ 1503
Allied$ 1503
American Family$ 1943
American Family$ 1943
Erie$ 1028
Erie$ 1028
Mercury$ 1733
Mercury$ 1733
Nationwide$ 1484
Nationwide$ 1484
Plymouth Rock Insurance$ 1394
Plymouth Rock Insurance$ 1394
Progressive$ 1291
Progressive$ 1291
Quincy Mutual$ 1163
Quincy Mutual$ 1163
State Farm$ 1318
State Farm$ 1318
Tennessee Farmers$ 1400
Tennessee Farmers$ 1400
Texas Farm Bureau$ 1097
Texas Farm Bureau$ 1097
USAA$ 1249
USAA$ 1249

Compare all 2017 Ford Mustang rates

Average Cost to Insure Per Year

$ 1642

List Price

$ 25185

Trims Available

V6 - EcoBoost - EcoBoost Premium - GT - GT Premium - Shelby GT350 - Shelby GT350R

2016 Ford Mustang

Cheapest Insurance CompaniesAverage Annual Cost
Allied$ 1517
Allied$ 1517
American Family$ 1696
American Family$ 1696
Country$ 1909
Country$ 1909
Erie$ 947
Erie$ 947
Mercury$ 1684
Mercury$ 1684
Nationwide$ 1471
Nationwide$ 1471
Plymouth Rock Insurance$ 1339
Plymouth Rock Insurance$ 1339
Progressive$ 1270
Progressive$ 1270
Safeco$ 1938
Safeco$ 1938
State Farm$ 1346
State Farm$ 1346
Tennessee Farmers$ 1280
Tennessee Farmers$ 1280
USAA$ 1016
USAA$ 1016

Compare all 2016 Ford Mustang rates

Average Cost to Insure Per Year

$ 1707

List Price

$ 24145

Trims Available

V6 - EcoBoost - EcoBoost Premium - GT - GT Premium - Shelby GT350 - Shelby GT350R

2015 Ford Mustang

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1307
Acuity$ 1307
Country$ 1411
Country$ 1411
Erie$ 927
Erie$ 927
GEICO$ 1307
GEICO$ 1307
Plymouth Rock Insurance$ 1257
Plymouth Rock Insurance$ 1257
Progressive$ 1184
Progressive$ 1184
Quincy Mutual$ 1107
Quincy Mutual$ 1107
State Farm$ 1192
State Farm$ 1192
Tennessee Farmers$ 1252
Tennessee Farmers$ 1252
Texas Farm Bureau$ 930
Texas Farm Bureau$ 930
USAA$ 1094
USAA$ 1094
Vermont Mutual$ 1235
Vermont Mutual$ 1235

Compare all 2015 Ford Mustang rates

Average Cost to Insure Per Year

$ 1306

List Price

$ 23800

Trims Available

V6 - EcoBoost - EcoBoost Premium - GT - GT Premium - GT 50 Years Limited Edition

2014 Ford Mustang

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1156
Acuity$ 1156
American Family$ 1294
American Family$ 1294
Country$ 1257
Country$ 1257
Erie$ 928
Erie$ 928
GEICO$ 1019
GEICO$ 1019
Plymouth Rock Insurance$ 1191
Plymouth Rock Insurance$ 1191
Quincy Mutual$ 1079
Quincy Mutual$ 1079
State Farm$ 1268
State Farm$ 1268
Tennessee Farmers$ 1077
Tennessee Farmers$ 1077
Texas Farm Bureau$ 828
Texas Farm Bureau$ 828
USAA$ 1054
USAA$ 1054
Vermont Mutual$ 1020
Vermont Mutual$ 1020

Compare all 2014 Ford Mustang rates

Average Cost to Insure Per Year

$ 1223

List Price

$ 22510

Trims Available

V6 - V6 Premium - GT - GT Premium

2013 Ford Mustang

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1141
Acuity$ 1141
Allied$ 1220
Allied$ 1220
American Family$ 1246
American Family$ 1246
Erie$ 841
Erie$ 841
GEICO$ 924
GEICO$ 924
Plymouth Rock Insurance$ 1157
Plymouth Rock Insurance$ 1157
Quincy Mutual$ 1051
Quincy Mutual$ 1051
State Farm$ 1122
State Farm$ 1122
Tennessee Farmers$ 1083
Tennessee Farmers$ 1083
Texas Farm Bureau$ 812
Texas Farm Bureau$ 812
USAA$ 992
USAA$ 992
Vermont Mutual$ 1012
Vermont Mutual$ 1012

Compare all 2013 Ford Mustang rates

Average Cost to Insure Per Year

$ 1178

List Price

$ 22200

Trims Available

V6 - V6 Premium - GT - GT Premium - Boss 302

2012 Ford Mustang

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1080
Acuity$ 1080
Allied$ 1173
Allied$ 1173
American Family$ 1237
American Family$ 1237
Erie$ 810
Erie$ 810
GEICO$ 846
GEICO$ 846
Plymouth Rock Insurance$ 1113
Plymouth Rock Insurance$ 1113
Quincy Mutual$ 1027
Quincy Mutual$ 1027
State Farm$ 991
State Farm$ 991
Tennessee Farmers$ 1049
Tennessee Farmers$ 1049
Texas Farm Bureau$ 792
Texas Farm Bureau$ 792
USAA$ 881
USAA$ 881
Vermont Mutual$ 944
Vermont Mutual$ 944

Compare all 2012 Ford Mustang rates

Average Cost to Insure Per Year

$ 1113

List Price

$ 22310

Trims Available

V6 - V6 Premium - GT - GT Premium - Boss 302

2011 Ford Mustang

Cheapest Insurance CompaniesAverage Annual Cost
Allied$ 1091
Allied$ 1091
Arbella$ 1084
Arbella$ 1084
Erie$ 808
Erie$ 808
GEICO$ 822
GEICO$ 822
Plymouth Rock Insurance$ 1084
Plymouth Rock Insurance$ 1084
Progressive$ 1166
Progressive$ 1166
Quincy Mutual$ 1002
Quincy Mutual$ 1002
State Farm$ 1008
State Farm$ 1008
Tennessee Farmers$ 1015
Tennessee Farmers$ 1015
Texas Farm Bureau$ 768
Texas Farm Bureau$ 768
USAA$ 854
USAA$ 854
Vermont Mutual$ 887
Vermont Mutual$ 887

Compare all 2011 Ford Mustang rates

Average Cost to Insure Per Year

$ 1078

List Price

$ 22145

Trims Available

V6 - V6 Premium - GT - GT Premium