Ford Mustang Car Insurance Cost 2024

Ford Mustang Insurance Costs by Company

Ford Mustang owners can potentially save significant money by comparing car insurance quotes among multiple insurers. Among the large insurance companies we analyzed, Erie offers the cheapest car insurance for a Ford Mustang. The next cheapest in our analysis was USAA. USAA car insurance is available only to military members, veterans and their families.

Related: The best car insurance companies

Ford Mustang Insurance Costs by State

State variations in Ford Mustang auto insurance costs are typically related to past claims in the state, medical costs, repair costs, state regulations and more. Louisiana is the most expensive state for insuring a Ford Mustang ($7,340 a year). Vermont is the cheapest ($1,695 a year).

Cost of Insurance for a Ford Mustang Based on Driver Age

The cheapest age for insuring a Ford Mustang is 60, according to a Forbes Advisor analysis of rates.

The most expensive age to insure a Ford Mustang is age 20.

There are several factors that go into determining your own car insurance rate. These include your driving record, your garaging address (where you keep the car), annual mileage, a credit-based insurance score (poor credit risks pay more), your past claims, the type of car, any recent lapse in car insurance coverage and the type and amount of insurance coverage chosen.

Related: 9 Factors That Affect Your Car Insurance Rates

How to Save Money on Ford Mustang Car Insurance

There are several ways you can lower car insurance costs, such as:

• Compare auto insurance quotes. Car insurance companies have their own ways for pricing insurance for a Ford Mustang. The best way to find a competitive cost is to compare car insurance quotes from several companies.
• Buy the right amount of car insurance. While you want to make sure you are adequately insured, you also don’t want to end up buying unnecessary insurance for a Ford Mustang. Here’s a guide to determining how much car insurance you need.
• Maintain good credit. Insurers in most states can use your credit-based insurance score as a factor in calculating rates. But not all insurers weigh this factor the same, which is why it’s wise to get multiple quotes.
• Raise your deductible. The higher your car insurance deductible, the less you pay in premiums. Typical deductible amounts range from $250 to $2,000 and up.

Methodology

Unless otherwise noted, rates are based on a 40-year-old female with a good driving record and insuring a new vehicle. Rates shown are for coverage of $100,000 in bodily injury liability coverage per person, $300,000 per accident and $100,000 in property damage liability (100/300/100), uninsured motorist coverage, collision and comprehensive insurance with a $500 deductible, and any other coverage required in a state. Source: Quadrant Information Services.