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Average Ford Mustang insurance rates
Many people believe that muscle cars like the Mustang are expensive to insure, but that’s not always the case. The average cost of auto insurance for a Ford Mustang is $166 a month or $1,992 a year, roughly $500 above the national average. However, your actual cost may vary depending on your location, driving history, vehicle options and more.
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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 state’s minimum requirements before shopping around. Make sure that your state’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.
Car insurance rates for Ford Mustang by year
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 of just under $200. 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.
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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.
The 2018 Ford Mustang has a 9.7/10 safety rating, according to U.S. News and J.D. Power. It also holds near-perfect scores in almost all categories from both the IIHS and NHTSA. All of these scores could help you save on auto insurance. U.S. News and J.D. Power give the Mustang a 4/5 star 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. In 2016, there were over 105,000 sales in the United States.
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 7,500 miles for typical driving habits or 5,000 miles 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 $200 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/36,000-mile new vehicle limited warranty and five-year/60,000 mile powertrain warranty. New vehicles also include five years/60,000 miles 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.
Ford Mustang car insurance rates
A 2017 Ford Mustang starts at a base price of $25,185. With the average insurance rate at $1,992 per year, the annual insurance cost–to–base car price ratio is 7.9%.
Monthly insurance rate
Base car price
To determine our estimated cost, we aggregated quotes from insurance companies using this profile:
2017 Ford Mustang
10,001–15,000 miles driven yearly
No accidents in the past five years
Anti-theft device on vehicle
Driver located in New York
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
Ford Mustang model year
Amount of coverage you need
Estimated miles you drive in a year
Vehicle’s safety and anti-theft features
Driver’s credit score and location
Driver’s age, marital status and gender
Driving history in the past five years
Whether the driver rents, leases or owns the vehicle
Compare Ford competitors
Explore the rest of Ford’s lineup or find out what other vehicles different manufacturers may have to offer.
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 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.
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.
You can learn more about state minimums here, 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 state’s minimum requirements.
Which car insurance provider is best for me?
Looking to save on car insurance? Answer these three questions to find a provider that best fits your needs and budget.
Wielding a degree in Economics from Dalhousie University, Peter Carleton is a writer that covers banking and investing at finder.com. From savings accounts to cutting-edge banking apps, robo-advisors and beyond, he breaks down what you need to know about where you put your money. When Peter's not thinking about bank accounts and investing tools, he runs a creative agency and spends his spare time cooking or reading.
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