Sporty cars like the GT and Mustang typically see higher insurance rates, thanks to high theft rates and risk of crashes. But considering its high pricetag, the GT is only slightly more expensive to insure than similar models in the same price range.
A 2017 Ford GT starts at a base price of $450,000. With the average insurance rate at $2,940 per year, the annual insurance cost–to–base car price ratio is 0.7%. Compared to the Mustang, it’s much more expensive to insure, but it’s also about 18 times the price.
Model
Monthly insurance rate
Base car price
GT
$245
$450,000
Mustang
$166
$25,185
To determine our estimated cost, we aggregated quotes from insurance companies using this profile:
2017 Ford GT
10,001–15,000 miles driven yearly
No accidents in the past five years
Anti-theft device on vehicle
Driver located in New York
Good credit
Our estimated price is for basic coverage, which we define as two times the state required minimum and the addition of bodily injury, property damage, uninsured motorist bodily injury and personal injury protection.
Other factors that can affect your auto insurance rate
The Ford GT’s model year
The vehicle’s trim
The amount of coverage you need
The estimated miles your 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 five years
The driver’s marital status
Your (or the driver’s) gender
Whether the driver rents, leases or owns the vehicle
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Why is insurance so expensive for the Ford GT?
The Ford GT costs more to insure because it’s made for speed and has a much higher crash rate than other vehicles. Also, this car comes with high theft rates which contributes to its steep premiums.
Does the GT qualify for car insurance discounts?
You could save money on car insurance for your Ford GT if it comes equipped with these safety features.
Anti-lock brakes
Stability control
Airbags
Seatbelt pretensioners
Anti theft system
How safe is the GT?
Similar to many sports car, the 2017 model of the Ford GT has not been evaluated by the Insurance Institute for Highway Safety (IIHS) and the National Highway Traffic Safety Administration (NHTSA) for safety ratings.
In 2005, there was only one Ford GT models stolen, according to the NHTSA.
Roslyn McKenna Ayers is insurance manager at ValuePenguin and a former publisher at Finder, specializing in home and auto coverage. Her expertise and analysis has been featured on Bankrate, MSN and Reader's Digest. She holds a BA in writing and communications from Maryville College.
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