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There are several factors that go into determining the average insurance cost of Ford Mustang cars. Prominent among them are the driver’s age, gender, marital status, geographical location of his/her residence, educational qualifications and past driving record. Besides, auto insurance rates can vary from driver to driver and so, some drivers may have to pay more for Ford Mustang insurance than others. Experts at atozinsuranceusa.com carried out an analysis of data pertaining to car insurance rates and even calculated average rates which individual drivers might have to pay to insure their Ford Mustang cars based on their age. Here is some vital information regarding the same which you may find useful.
Ford Mustang Insurance Rates By Model Year And Age Group Per Month
| Year | 16-19 yr old | 20-29 yr old | 30-39 yr old | 40-49 yr old | 50-59 yr old | 60+ yr old |
|---|---|---|---|---|---|---|
| 2024 | $190.18 / mo | $177.44 / mo | $301.39 / mo | N/A | N/A | N/A |
| 2023 | $1,181.48 / mo | $486.95 / mo | N/A | $162.03 / mo | $129.91 / mo | N/A |
| 2022 | $586.96 / mo | $275.24 / mo | $209.38 / mo | $187.74 / mo | $148.57 / mo | $155.20 / mo |
| 2021 | $441.69 / mo | $339.43 / mo | $218.89 / mo | $181.27 / mo | $149.02 / mo | $180.19 / mo |
| 2020 | $429.63 / mo | $273.59 / mo | $186.63 / mo | $180.39 / mo | $173.58 / mo | $173.99 / mo |
| 2019 | $362.85 / mo | $263.30 / mo | $190.57 / mo | $206.09 / mo | $151.20 / mo | $185.86 / mo |
| 2018 | $374.12 / mo | $263.37 / mo | $181.88 / mo | $152.44 / mo | $154.98 / mo | $186.49 / mo |
| 2017 | $381.33 / mo | $259.21 / mo | $187.11 / mo | $156.18 / mo | $147.82 / mo | $151.41 / mo |
| 2016 | $371.04 / mo | $260.45 / mo | $168.02 / mo | $140.79 / mo | $153.12 / mo | $160.68 / mo |
| 2015 | $359.10 / mo | $236.08 / mo | $162.81 / mo | $157.99 / mo | $137.92 / mo | $147.73 / mo |
| 2014 | $320.13 / mo | $227.81 / mo | $164.81 / mo | $149.17 / mo | $130.09 / mo | $141.17 / mo |
| 2013 | $334.06 / mo | $222.00 / mo | $144.71 / mo | $119.87 / mo | $127.50 / mo | $126.04 / mo |
| 2012 | $312.88 / mo | $200.13 / mo | $140.54 / mo | $117.68 / mo | $110.22 / mo | $117.99 / mo |
| 2011 | $321.70 / mo | $218.61 / mo | $138.83 / mo | $112.59 / mo | $106.85 / mo | $115.25 / mo |
| 2010 | $293.15 / mo | $193.56 / mo | $125.23 / mo | $110.21 / mo | $105.00 / mo | $105.57 / mo |
To determine the exact cost for insurance your Ford Mustang car make and model, you may talk to one of experts by fixing an appointment.
On an average, Ford Mustang GT insurance cost tends to be around $2,000 yearly or $ 170 monthly with the actual insurance cost range being between $1,200 and $2,500. This is almost double than the national average auto insurance cost.
Besides, this price is like to differ from state to state depending on an individual driver’s driving record and car model as well as the type of insurer with which he/she is working. And teen, young as well as new drivers under 25 can expect the premium to be the highest than any other categories of drivers. To that effect, the Ford Mustang insurance cost 17 year old driver could be significantly higher than that of senior and more experienced drivers. The best car coverage at the most affordable insurance rates are usually offered to drivers over 35 or elderly drivers over 65 years old.
Insurance rates for Ford Mustang may also differ from company to company. Accordingly, a teen driver may end up paying $11,195 on an average with Allstate to get his/her Ford Mustang insured for full coverage. At the same time, a senior new Ford Mustang driver might have to pay just $804 yearly for similar coverage.
GEICO and Plymouth Rock Insurance are known for providing the best and cheapest Ford Mustang auto insurance quotes. While GEICO may charge $900 per year or $ 70 per month, Plymouth Rock Insurance may offers similar coverage for $ 820 yearly or $70 every month. In any case, older Ford Mustang car versions could be the cheapest cars to insure.
Average insurance cost for Ford Mustang cars is $2,000 per year for a full coverage policy as mentioned earlier. Now to get your coverage started or activated, you may be required to pay $200 as down payment. The remaining $ 1,800 will have to be paid in 11 equated premium instalments over the year which works out to be roughly $164 every month. The following information could give you some idea regarding Ford Mustang auto insurance rates by models.
| Year | Cost Per Month | Cost Per Year |
|---|---|---|
| 2022 | $315 | $,3780 |
| 2022 | $315 | $,3780 |
| 2021 | $294 | $3,528 |
| 2020 | $270 | $3,240 |
| 2019 | $212 | $2,538 |
| 2018 | $150 | $1,800 |
| 2017 | $97 | $1,656 |
From the above data, it is evident that the average Ford Mustang GT insurance cost for still newer models is roughly about $2,400 for a year or $200 per month.
The average insurance cost for 2020 model Ford Mustang GT is $ 3,240 yearly or $270 per month.
The average insurance cost for 2019 model Ford Mustang GT is $ 2,538 yearly or $212 per month.
The average insurance cost for 2018 model Ford Mustang GT is $ 1,800 yearly or $150 per month.
The average insurance cost for 2017 model Ford Mustang GT is $ 1,656 yearly or $97 per month.
There are 3 important reasons because of which Ford Mustang auto insurance rates tend to be expensive. Here is some vital information pertaining to the same that may help you in knowing the factors that affect rates as well as in arriving at an informed decision on your insurance purchase.
Although Ford mustang insurance cost 19 year old or less drivers could be significantly higher, there could be ways for saving money on premium some of which are as under:
Young drivers in the age group 16 to 25 years could be required to spend significantly more for Ford Mustang insurance. This is primarily due to the fact that teen and young drivers have less experience behind the driving wheel. As drivers in this age group may have tendency to get indulged in reckless driving practices, they are more likely to be involved in accidents. As a result, insurers perceive much greater degree of coverage risks and so, to protect their finances, they charge high premiums. But 16 to 25 year old drivers have the option to get their names added to their parents’ policies. This way they might not be needed to purchase separate insurance for driving Mustang cars.
The following table may give you a brief idea about what your Ford Mustang car insurance premium will be like.
| Age | Average Annual Rates |
|---|---|
| 16 | $6,574 |
| 17 | $5,824 |
| 18 | $5,128 |
| 19 | $3,673 |
| 20 | $3,278 |
| 21 | $2,595 |
| 22 | $2,390 |
| 23 | $2,187 |
| 24 | $2,053 |
| 25 | $1,863 |
| 40 | $1,571 |
You can see in the above table that ford mustang insurance cost for 18 year old driver is $5,128 for a year. At the same time, a 40 year old driver may end up paying just $1,571 yearly for the same car and coverage. And at an individual level, the premium could be even more depending on the driver’s exact age, gender, driving record and credit rating even if cost of mustang insurance for 22 year old drivers is less than that of a 16 year old. Thus, it can be construed that teen and young drivers are considered to be “high risk” drivers by car insurance providers.
Andy Walker is a content writer for the AtoZ Insurance USA who specializes in the insurance and finance niches. He has been working as a freelance writer from several years, and has experience with a variety of content writing formats. Andy is a highly skilled writer who is able to produce quality content that is both informative and engaging.
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