How Much Is Insurance for a Ford Mustang?
The average cost of car insurance for a Ford Mustang is $329 per month for a 30-year-old driver.
Find the Cheapest Mustang Quotes in Your Area
Ford Mustang insurance is pricier for younger drivers, and a 16-year-old may pay as much as $2,526 per month. Geico has the cheapest Mustang rates overall, but you'll need to check rates for your age, location and other factors to know for sure.
The cheapest insurance for Mustang drivers
Geico offers the cheapest prices overall for Mustang insurance, with an average quote of $232 per month for a 30-year-old. That's 30% cheaper than the average rate of $329.
Find the Cheapest Mustang Quotes in Your Area
Progressive's prices were highest, at an average of $494 per month for 30-year-old drivers. Mustang drivers should check multiple car insurance companies to get the cheapest quotes.
Cheapest Mustang car insurance by company
Company | Monthly rate | |
|---|---|---|
| Geico | $116 |
| Nationwide | $143 |
| State Farm | $162 |
| Allstate | $223 |
| Progressive | $247 |
| USAA | $94 |
USAA is only available to current and former military members and their families.
Mustang insurance rates by age
Insurance for Mustangs is much more expensive for younger, less-experienced drivers. The average price for a 16-year-old is $1,527 per month — nearly five times as much as a 30-year-old would pay. An 18-year-old can expect to pay $1,176 per month for Mustang insurance, which is lower — but still expensive — compared to average car insurance rates.
The best Mustang insurance prices for every age group came from Geico.
The price of car insurance for younger drivers is consistently the most expensive, but costs go down until age 30.
For young drivers, high costs aren't the only barrier to getting coverage. Some car insurance companies don't sell policies to minors at all. For example, Geico consistently offered the cheapest prices overall (other than USAA), but the company often won't sell a policy directly to a minor.
Mustang insurance monthly cost by age
16 years old
18 years old
20 years old
22 years old
25 years old
30 years old
Company | Monthly premium 16 y/o_
Allstate | $2,526 |
|---|---|---|
| Geico | $602 | |
| Nationwide | $1,174 | |
| Progressive | $2,479 | |
| State Farm | $1,923 | |
| USAA | $460 |
16 years old
Company | Monthly premium 16 y/o_
Allstate | $2,526 |
|---|---|---|
| Geico | $602 | |
| Nationwide | $1,174 | |
| Progressive | $2,479 | |
| State Farm | $1,923 | |
| USAA | $460 |
18 years old
Company | Monthly premium 18 y/o_
Allstate | $1,699 |
|---|---|---|
| Geico | $475 | |
| Nationwide | $1,157 | |
| Progressive | $2,184 | |
| State Farm | $1,197 | |
| USAA | $344 |
20 years old
Company | Monthly premium 20 y/o_
Allstate | $1,325 |
|---|---|---|
| Geico | $363 | |
| Nationwide | $825 | |
| Progressive | $1,216 | |
| State Farm | $763 | |
| USAA | $286 |
22 years old
Company | Monthly premium 22 y/o_
Allstate | $907 |
|---|---|---|
| Geico | $290 | |
| Nationwide | $483 | |
| Progressive | $812 | |
| State Farm | $579 | |
| USAA | $246 |
25 years old
Company | Monthly premium 25 y/o_
Allstate | $563 |
|---|---|---|
| Geico | $255 | |
| Nationwide | $336 | |
| Progressive | $545 | |
| State Farm | $344 | |
| USAA | $212 |
30 years old
Company | Monthly premium 30 y/o_
Allstate | $446 |
|---|---|---|
| Geico | $232 | |
| Nationwide | $286 | |
| Progressive | $494 | |
| State Farm | $325 | |
| USAA | $189 |
Find the Cheapest Mustang Quotes in Your Area
These quotes are for younger drivers on their own policy. The best way for teenage drivers to save money on car insurance is to be added to their parents' car insurance policy. This can save a teen more than $5,000 per year.
The cheapest Mustangs to insure
The cost of insurance for older Ford Mustangs is lower than for newer models. A 2015 Mustang costs an average of $254 per month to insure — 23% less than the 2022 model.
Costs of car insurance for the Mustang GT vs. the Mustang EcoBoost
Despite the big retail price difference between the base EcoBoost and GT models, there's very little difference in insurance costs. While it costs 37% more to buy a Mustang GT than a base model EcoBoost, the GT is only $2 more per month to insure.
Model | Monthly cost | MSRP (2022) |
|---|---|---|
| Mustang GT Coupe | $330 | $37,545 |
| Mustang EcoBoost Coupe | $328 | $27,470 |
Although the Mustang GT is much more powerful, with the extra horsepower and torque that comes with a V-8 engine, the insurance costs for all models are very similar.
Frequently asked questions
How much does insurance cost for a Mustang GT?
A Mustang GT, the more powerful Mustang model, costs $330 per month for full coverage — about the same cost as the base model.
How much is insurance on a Mustang for a 20-year-old?
A 20-year-old can expect to pay $796 per month for full coverage on a Mustang. That's more than double what a 30-year-old will pay.
Methodology
Quotes were collected from six insurance companies for every ZIP code across Texas for this detailed analysis. Auto insurance rates were compared for the EcoBoost and GT across eight model years, from 2015 to 2022.
The primary driver was a 30-year-old man with full coverage. Quotes were also collected to compare rates by age:16, 18, 20, 22 and 25.
Rates were collected using Quadrant Information Services. The data is sourced from public insurance filings. These rates should be used for comparative purposes only. Your quotes may be different.
Editorial Note: The content of this article is based on the author's opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.
