Car Insurance Quote for a 2017 Ford Mustang Gt Premium
Ford Mustang Insurance Rates
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UPDATED: Apr 30, 2020
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How much does it cost to insure a Ford Mustang? The average Ford Mustang insurance rates are $138 per month or $1,666 annually. However, many factors impact your average Mustang insurance premiums, like the age of your model. For example, the 2004 Mustang insurance costs will be much lower than the newer 2019 Mustang insurance costs.
Read through our comprehensive guide to learn how much it is to insure a Mustang compared to other vehicles, and to better understand exactly what does liability insurance cover and why you might need more to protect your sports car.
When you're ready to compare the best Ford Mustang insurance quotes near you, simply enter your ZIP code into our free quote tool above to get started.
The average insurance rates for a Ford Mustang are $1,642 a year including full coverage. Comprehensive costs on average $332, collision insurance costs $690, and liability is estimated at $440. A liability-only policy costs approximately $510 a year, and high-risk insurance costs around $3,578. Teen drivers cost the most to insure at up to $6,128 a year.
Average premium for full coverage: $1,642
Policy rates by type of insurance:
Comprehensive $332
Collision $690
Liability $440
Rate estimates include $500 deductibles, 30/60 liability limits, and includes uninsured motorist coverage. Prices are averaged for all 50 U.S. states and for different Mustang trim levels.
Price Range Variability
For an average driver, Ford Mustang insurance rates range from as low as $510 for only liability insurance to a much higher rate of $3,578 for a driver required to buy high-risk insurance.
Liability Only $510
Full Coverage $1,642
High Risk $3,578
Urban vs. Rural Price Range
Living in a larger city can have significant affects on car insurance rates. Rural areas are shown to have a lower frequency of comprehensive and collision claims than larger metro areas. The price range example below illustrates the effect of geographic area on car insurance rates.
Rural Areas $1,232
Small Cities $1,724
Large Cities $2,217
The examples above highlight why anyone shopping for car insurance should get quotes based on a specific location and risk profile, instead of using price averages.
Use the form below to get customized rates for your location.
Enter your zip code below to view companies based on your location that have cheap auto insurance rates.
Insurance Rate Analysis
The chart below breaks down average Ford Mustang insurance rates for different risk profiles and scenarios.
- The lowest rate with discounts is $932
- Choosing higher $1,000 deductibles can save around $232 every year
- The average rate for a good driver age 40 with $500 deductibles is $1,642
- Choosing more expensive low deductibles for comp and collision coverage will increase the cost to $2,098
- Unlucky drivers with multiple violations and an at-fault accident could pay upwards of $3,578
- Policy cost for full coverage for a teen driver with full coverage may cost $6,128 each year
View Chart as Image
Car insurance rates for a Ford Mustang also range considerably based on your risk profile, the model of your Mustang, and policy deductibles and limits.
An older driver with no driving violations and high deductibles may pay as little as $1,500 annually on average, or $125 per month, for full coverage. Rates are highest for teenagers, where even good drivers will be charged upwards of $6,100 a year. View Rates by Age
Your home state plays a big part in determining prices for Ford Mustang insurance prices. A good driver about age 40 could pay as low as $1,260 a year in states like Missouri, New Hampshire, and Vermont, or as much as $2,340 on average in Michigan, New York, and Louisiana.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,484 | -$158 | -9.6% |
| Alaska | $1,262 | -$380 | -23.1% |
| Arizona | $1,366 | -$276 | -16.8% |
| Arkansas | $1,642 | -$0 | 0.0% |
| California | $1,874 | $232 | 14.1% |
| Colorado | $1,568 | -$74 | -4.5% |
| Connecticut | $1,688 | $46 | 2.8% |
| Delaware | $1,860 | $218 | 13.3% |
| Florida | $2,056 | $414 | 25.2% |
| Georgia | $1,518 | -$124 | -7.6% |
| Hawaii | $1,178 | -$464 | -28.3% |
| Idaho | $1,114 | -$528 | -32.2% |
| Illinois | $1,222 | -$420 | -25.6% |
| Indiana | $1,238 | -$404 | -24.6% |
| Iowa | $1,108 | -$534 | -32.5% |
| Kansas | $1,560 | -$82 | -5.0% |
| Kentucky | $2,240 | $598 | 36.4% |
| Louisiana | $2,432 | $790 | 48.1% |
| Maine | $1,016 | -$626 | -38.1% |
| Maryland | $1,356 | -$286 | -17.4% |
| Massachusetts | $1,312 | -$330 | -20.1% |
| Michigan | $2,854 | $1,212 | 73.8% |
| Minnesota | $1,374 | -$268 | -16.3% |
| Mississippi | $1,970 | $328 | 20.0% |
| Missouri | $1,460 | -$182 | -11.1% |
| Montana | $1,766 | $124 | 7.6% |
| Nebraska | $1,296 | -$346 | -21.1% |
| Nevada | $1,970 | $328 | 20.0% |
| New Hampshire | $1,186 | -$456 | -27.8% |
| New Jersey | $1,838 | $196 | 11.9% |
| New Mexico | $1,454 | -$188 | -11.4% |
| New York | $1,732 | $90 | 5.5% |
| North Carolina | $948 | -$694 | -42.3% |
| North Dakota | $1,346 | -$296 | -18.0% |
| Ohio | $1,134 | -$508 | -30.9% |
| Oklahoma | $1,686 | $44 | 2.7% |
| Oregon | $1,504 | -$138 | -8.4% |
| Pennsylvania | $1,566 | -$76 | -4.6% |
| Rhode Island | $2,194 | $552 | 33.6% |
| South Carolina | $1,490 | -$152 | -9.3% |
| South Dakota | $1,386 | -$256 | -15.6% |
| Tennessee | $1,438 | -$204 | -12.4% |
| Texas | $1,978 | $336 | 20.5% |
| Utah | $1,216 | -$426 | -25.9% |
| Vermont | $1,126 | -$516 | -31.4% |
| Virginia | $984 | -$658 | -40.1% |
| Washington | $1,268 | -$374 | -22.8% |
| West Virginia | $1,508 | -$134 | -8.2% |
| Wisconsin | $1,136 | -$506 | -30.8% |
| Wyoming | $1,464 | -$178 | -10.8% |
View Chart as Image
Choosing high deductibles can save as much as $690 every year, while increasing your policy's liability limits will cost you more. Changing from a 50/100 limit to a 250/500 limit will raise rates by up to $439 extra every 12 months. View Rates by Deductible or Liability Limit
If you have a few points on your driving record or tend to cause accidents, you are likely paying at a minimum $2,000 to $2,700 extra every year, depending on your age. High-risk driver insurance ranges as much as 44% to 136% more than average. View High Risk Driver Rates
Insurance Rates by Trim Level and Model Year
Rates assume 2020 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2020 Ford Mustang | $332 | $690 | $440 | $1,642 |
| 2019 Ford Mustang | $320 | $686 | $450 | $1,636 |
| 2018 Ford Mustang | $308 | $668 | $470 | $1,626 |
| 2017 Ford Mustang | $298 | $640 | $486 | $1,604 |
| 2016 Ford Mustang | $282 | $618 | $500 | $1,580 |
| 2015 Ford Mustang | $270 | $574 | $510 | $1,534 |
| 2014 Ford Mustang | $260 | $540 | $514 | $1,494 |
| 2013 Ford Mustang | $248 | $484 | $520 | $1,432 |
| 2012 Ford Mustang | $232 | $446 | $520 | $1,378 |
| 2011 Ford Mustang | $224 | $418 | $524 | $1,346 |
| 2010 Ford Mustang | $220 | $390 | $534 | $1,324 |
| 2009 Ford Mustang | $202 | $362 | $534 | $1,278 |
| 2008 Ford Mustang | $198 | $328 | $540 | $1,246 |
| 2007 Ford Mustang | $184 | $300 | $534 | $1,198 |
| 2006 Ford Mustang | $174 | $272 | $534 | $1,160 |
| 2005 Ford Mustang | $168 | $246 | $530 | $1,124 |
| 2004 Ford Mustang | $166 | $240 | $520 | $1,106 |
| 2003 Ford Mustang | $162 | $228 | $510 | $1,080 |
| 2002 Ford Mustang | $148 | $218 | $504 | $1,050 |
| 2001 Ford Mustang | $144 | $206 | $500 | $1,030 |
Rates are averaged for all Ford Mustang models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.
How to Find the Best Ford Mustang Insurance
Finding cheaper rates on car insurance takes being a safe driver, having above-average credit, paying for small claims out-of-pocket, and possibly raising deductibles. Take the time to compare rates at every policy renewal by obtaining price quotes from direct car insurance companies like GEICO, Progressive, and Esurance, and also from local exclusive and independent agents.
Here is a brief recap of the data covered in the above illustrations.
- Policyholders who require more liability insurance will pay about $480 per year to raise limits from a 30/60 limit to 250/500 limits
- You may be able to save as much as $200 per year just by shopping early and online
- Increasing comprehensive and collision deductibles can save around $700 each year
- Young drivers are expensive to insure, with premiums being up to $511 each month if full coverage is included
So, how much is insurance for a Mustang and is insurance on a Mustang expensive? As you've learned from the information above, your average Mustang insurance rates depend on many factors, like where you live, your driving record, and even your age.
It will be tougher for younger drivers to receive cheap Ford Mustang car insurance quotes. You should expect insurance on a Mustang for an 18-year-old will be more expensive than for older drivers, such as Mustang insurance for a 22-year-old.
If you haven't bought a car yet, shopping around can also help you find out what model year and build is cheapest. For example, you could compare the model years of the 2004, 2012, 2013, and 2019 Mustang GT insurance costs to determine what best fits your budget.
Alternatively, you could also compare different builds, like the 2016 Mustang GT insurance rates and the 2014 Mustang V6 insurance costs.
No matter what model you choose, the best way to save on your Ford Mustang insurance costs is to shop around. Start comparing Ford Mustang car insurance rates now, just enter your ZIP code in our free tool below.
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What Are the Safety Ratings for the Ford Mustang?
Understanding the Ford Mustang safety ratings and features is a great way to discover car insurance discounts you might qualify for. Insurance companies are also more likely to provide you with cheaper rates if your vehicle comes equipped with reliable safety technology.
Insurance costs can vary depending on the Ford Mustang safety ratings and features. Some of the Ford Mustang's best safety features include electronic stability control, traction control, lane departure warning, and lane-keeping assist.
Check out the 2021 Ford Mustang Coupe safety ratings below as scored by the Insurance Institute for Highway Safety (IIHS).
- Small overlap front (driver-side): Acceptable
- Moderate overlap front: Good
- Side: Good
- Roof strength: Good
- Head restraints and seats: Good
A rating of 'Good' is the highest possible standard given by the IIHS. The Ford Mustang crash test ratings are decent, which will reflect positively in your annual insurance premiums.
Similar to safety tests, insurance providers will also look at the crash test results of your Ford Mustang when calculating your car insurance rates. In the table below, check out different Ford Mustang crash test ratings by model year and trim level as scored by the National Highway Traffic Safety Administration (NHTSA).
5-stars is the highest score given by the NHTSA. As you can see, of what models were tested, no Ford Mustangs scored below 4 stars, which proves how reliable this car truly is.
Before you buy Ford Mustang car insurance, keep in mind that crash-test ratings do sometimes vary by model year, which means insurance for a 2014 Ford Mustang may be different in cost than the 2011 Ford Mustang insurance. We always recommend looking up your specific model year for the most accuracy.
Should you Compare the Ford Mustang to Other Vehicles in the Same Car Class?
Comparing the Ford Mustang to similar vehicles can help you save money, especially if it has better insurance loss ratios than other vehicles in the same car class.
Officially the Insurance Institute for Highway Safety (IIHS) classifies the Ford Mustang as a midsize sports car. Check out the Ford Mustang insurance loss probability details by category in the table below. Keep in mind that higher numbers mean higher insurance rates, and lower numbers mean cheaper insurance rates.
Unfortunately, the Ford Mustang two-door coupe has substantially worse than average collision insurance loss rates, which means purchasing this coverage type for the Mustang might be higher than average.
The property damage, personal injury, and medical payment loss ratios are also worse than average, once again leading to higher average car insurance rates for these different types of coverages.
The comprehensive and bodily injury loss ratios, however, fall within the average range. Because this car is also not too large or heavy, it is less likely to do significant damage to other vehicles in a crash. Therefore, the Ford Mustang usually receives normal liability rates.
Check out other similar midsize sports cars in the list below to see how those car insurance rates compare to the Ford Mustang:
- Chevrolet Corvette
- Nissan 370Z
- Porsche 911
Because the Mustang is also a sports car, expect your insurance premiums to be a little higher than average, especially if you purchase fuller coverage levels.
Sports cars tempt drivers to take advantage of the smooth, fast speeds, which can be dangerous and put you at a higher risk of getting into an accident and filing a claim. Therefore, sports cars like the Mustang are often placed into a higher risk category by insurance providers than other types of vehicles.
You are now ready to secure the cheapest Ford Mustang insurance rates possible. Remember, the best Ford Mustang car insurance company will provide you with affordable rates without compromising your coverage needs.
Ready to start saving on different Ford Mustang model years, such as 2010, 2011, or 2018 Mustang insurance costs?
Applying what you've learned in this guide is easy. Simply enter your ZIP code in our free quote comparison tool to immediately find the best Ford Mustang insurance costs in your area.
References:
- https://www.iihs.org/ratings/vehicle/Ford/mustang-2-door-coupe/2021
- https://www.nhtsa.gov/vehicle/2020/FORD/MUSTANG/2%252520DR/RWD
- https://www.iihs.org/ratings/insurance-losses-by-make-and-model
Car Insurance Quote for a 2017 Ford Mustang Gt Premium
Source: https://www.quoteinspector.com/insurance/vehicles/ford/mustang/
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