Ford Mustang insurance rates

How much does Ford Mustang insurance cost?

The average Ford Mustang insurance cost is $303 a month or $3,636 a year. With a 2021 Ford Mustang starting at a base price of $30,745, the annual insurance cost–to–base car price ratio is 11.8%. However, your actual cost may vary depending on your location, driving history, vehicle options and more.

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Name	Product	Accident Forgiveness	Min. Liability Coverage	Discounts Available	Online Claims	Available Provinces
Surex Auto Insurance		Yes	$1,000,000	Up to 25%		Alberta, New Brunswick, Northwest Territories, Nova Scotia, Nunavut, Ontario, PEI, Yukon	Submit one application and receive quotes from 10+ insurers. Save up to 25% on your car insurance, plus get access to an insurance advisor. Who it might be good for: Drivers looking to use an insurance broker to compare multiple pricing and coverage options.	Get a quote More Info	Compare	loading Fetching your data...
Onlia Car Insurance		Yes	$1,000,000	Over $500*		Ontario	Get premium auto insurance coverage with Onlia. Save money on your auto insurance through safe driving discounts and bundling insurance options. Who it might be good for: Drivers in Ontario looking to save on insurance costs by driving safely.	Get a quote More Info	Compare	loading Fetching your data...
Aviva Car Insurance		Yes	$1,000,000	Up to 25%		Alberta, Northwest Territories, Nova Scotia, Nunavut, Ontario, Yukon	Aviva car insurance offers customizable policies, discounts and optional insurance coverage add-ons. Get a free quote through Surex. Who it might be good for: Drivers looking to customize their auto policy.	Get a quote More Info	Compare	loading Fetching your data...
Travelers Car Insurance		Yes	$1,000,000	Up to 25%		Alberta, Northwest Territories, Nova Scotia, Nunavut, Ontario, Yukon	Travelers auto insurance offers a selection of coverage options for just about any type of vehicle. Get a free quote through Surex. Who it might be good for: Drivers looking to get car, motorcycle, classic car, motorhome or recreational vehicle coverage.	Get a quote More Info	Compare	loading Fetching your data...

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Ford insurance rates by model

You can use the table below to see how the cost of Ford Mustang insurance compares to that of other Ford models.

• How we got these rates

  To determine our estimated costs, we aggregated quotes from insurance companies using this profile:

  • Latest model vehicle with a basic trim
  • 20,000 km driven yearly
  • 35-year old female driver living in Ontario
  • No accidents, perfect driving record

  Our estimated price is for basic, mandatory coverage.

  Other factors that can affect your Ford Mustang insurance rate

  • The Ford’s model year
  • The vehicle’s trim
  • The amount of coverage you need
  • The estimated kilometres you drive in a year
  • The vehicle’s safety and anti-theft features
  • The driver’s credit score
  • The driver’s location
  • The driver’s age
  • The driver’s driving history in the past 5 years
  • The driver’s marital status
  • The driver’s gender
  • Whether the driver rents, leases or owns the vehicle

How do I compare Ford Mustang insurance?

Introduced in 1965, the Ford Mustang is an iconic American muscle car that is currently in its sixth generation. The release of the Mustang spearheaded the “pony car” class of American muscle cars, affordable sports coupes by the likes of the Chevrolet Camaro and Dodge Challenger. Sports cars have different insurance needs than other cars, so it pays to compare the right coverage for your model.

• Price. Be sure to use the same driver and vehicle details when getting quotes. This will help you compare similar coverage to find the best price.
• Deductible. Your deductible amount can affect your premiums. Policies with higher deductibles often cost less than those with low deductibles.
• Minimum coverage. Find out about your province’s minimum requirements before shopping around. Make sure that your province’s minimums are met before committing to a policy.
• Additional coverage. Pet insurance and personal injury protection are two of many additional coverage options you may come across. Be sure to include any additional coverage when getting quotes to get an accurate estimate.
• Extras. Find out what features are included as part of your policy. While some providers may include extras for free, others might charge a fee for them.
• Restrictions. Find out if any restrictions apply to your policy to avoid gaps in coverage or denied claims.
• Manufacturer offer or loyalty discount. Some automakers have partnerships with insurance providers. Find out if you are eligible for any manufacturer offers or loyalty discounts.
• Warranty. Find out what’s covered by your manufacturer or extended warranty to avoid paying for overlapping coverage.

What factors affect car insurance rates for Ford Mustang?

Learn how the Mustang’s characteristics could affect the price you pay for auto insurance.

• Body type. The Mustang is a two-door coupe that is designed for performance, which could raise the cost of insurance.
• Type of car. Muscle cars like the Mustang have the potential to be driven more aggressively than other types of vehicles. This could lead to more expensive auto insurance.
• Theft. Pony cars like the Mustang are some of the most frequently stolen types of vehicles, which could translate to higher insurance premiums,
• Repairs. The Mustang has a fairly low average repair cost. This could help bring down the cost of insurance.
• Safety ratings. The Mustang has great safety features and crash test ratings, which could lead to auto insurance discounts.
• Fuel type. The Ford Mustang runs on gas, making it cheaper to insure compared to diesel or hybrid vehicles.
• Trim & packages. Choosing options that increase the Mustang’s power or price tag will likely lead to more expensive insurance. However, features that improve safety or visibility may have the opposite effect.

Does the Ford Mustang qualify for car insurance discounts?

You could save money on car insurance for your Ford Mustang if it comes equipped with these safety features.

• Anti-lock brake discount
• Anti-theft discount
• Passive restraint discount (airbags, motorized seat belts, etc.)
• Emergency roadside assistance discount

Ford Mustang safety and reliability ratings

The 2020 Ford Mustang has an average 5 star safety rating, according to NHTSA Crash Data. These scores could help you save on auto insurance. J.D. Power gives the Mustang a 88/100 reliability rating, which is above average for vehicles in its class.

The Ford Mustang has been around since 1965 and is currently in its sixth generation. The sports car provides a range of strong engines and is known for its comfortable ride, luxurious cabin and good safety scores. The Ford Mustang was named on the Car and Driver Ten Best list for seven different years.

Ford Mustang maintenance

The Mustang is a powerful muscle car designed for speed and performance. It’s generally considered a reliable vehicle, but driving it frequently or at high speeds will put more strain on the engine and other parts. While it won’t need a great deal of maintenance if it’s treated properly, routine service appointments can ensure that your Mustang performs as it should.

• Ford suggests an oil change every 12,000 km for typical driving habits or 8,000 km for heavier use. Most newer models come with the Intelligent Oil Monitor System, which will tell you when to change your oil.
• An oil change should cost between $100 and $140 depending on how long it’s been since your last oil change and where you bring it for service.

Is an extended warranty worth it for the Ford Mustang?

The Mustang comes with Ford’s three-year/60,000 km new vehicle limited warranty and five-year/100,000 km powertrain warranty. New vehicles also include five years/100,000 km of corrosion protection and roadside assistance.

Ford offers a selection of extended service plans that can help protect your Mustang after the initial warranty expires. Available in multiple term lengths, these plans generally include OEM part replacements, rental car allowances, roadside assistance, service from licensed Ford technicians and more. Ford also offers two maintenance plans to cover recommended and scheduled servicing.

Bottom line

The Mustang is an affordable muscle car that offers an exciting driving experience wherever you decide to take it. Depending on your choice of model and build options, the Ford Mustang is capable of over 500 horsepower. That said, all Mustangs come equipped with great safety features and impressive crash test scores that may lead to auto insurance discounts. Compare your options to find out which provider has the best price for the coverage you need.

Frequently asked questions about Ford Mustang insurance

• What is the best auto insurance provider for the Ford Mustang?

  Auto insurance is never one-size-fits-all, so it’s tough to say which provider is best. However, the Mustang comes equipped with a number of great safety features that help it achieve impressive safety ratings, meaning you should have no problem finding coverage. Get quotes from multiple providers to find out which one has the best price for the coverage you’re looking for.

• How do I get the best auto insurance rates for the Ford Mustang?

  Since your vehicle’s performance and price can directly affect the cost of insurance, the lower-end models should be cheaper to insure compared to the 500 horsepower Shelby GT350R, for example. However, the Mustang’s safety features may be eligible for auto insurance discounts, so you should compare your options to find out which provider can offer you the best price.

• How do I find out my province's minimums for car insurance?

  You can learn more about provincial minimums here by selecting your province or territory in the top right hand corner. Or you can speak with your provider to find a policy that suits your needs. When shopping around, it’s essential to find a policy that fits into your budget but also fulfills your provincial minimum requirements.