Mustang Insurance Cost: Average Rates & What Drives Them

Few cars cover as wide a range of insurance risk as the Mustang. An EcoBoost coupe is a relatively modest car on a rate sheet, while a GT, a Dark Horse, or a supercharged Shelby sits in a different group. Younger buyers are drawn to it, and that matters because insurers price the driver along with the car.

This page lists published averages and then explains what moves them. They are not quotes, and a young driver with a recent claim could pay far more than any number here.

The Mustang's full coverage average lands below the national figure for all vehicles in this comparison. Minimum coverage is shown too.

One reason the average may look modest is that it blends many trims and model years, including plenty of older, less valuable cars. A new GT is a different story.

Insurers rate the Mustang by trim because the claims experience differs. A turbocharged four-cylinder car and a V8 GT have different horsepower, replacement values, and repair costs. Track-oriented versions add costly brakes, wheels, and suspension. Ask for quotes by trim. A convertible might also cost more than a coupe because the roof system is expensive to fix, though the published data here does not separate body styles.

Modifications deserve a mention. Mustangs are heavily modified by owners, with exhausts, tunes, and wheels, and an insurer may charge more or decline to cover certain changes. Tell your insurer about them up front.

Premiums rise sharply with age of design and value. A 2025 Mustang averages $235/mo, a 2020 averages $191/mo, and a 2000 averages $111/mo.

GEICO averages $131/mo, Progressive $168/mo, and State Farm $181/mo on a Mustang. The cheapest company for you may not be the cheapest on average.

Where the car is parked matters as much as where it is driven.

State averages are far apart. Louisiana comes in at $390/mo, California at $174/mo, and Maine at $96/mo.

MoneyGeek reports $171/mo for full coverage across trims and years. Insurify lists $229/mo, which is higher. One possible reason is a different mix of drivers and model years, since Insurify's number comes from quotes requested by its own users.

Age is the largest swing factor. Drivers under 25 generally pay far more than drivers in their 40s, and a powerful car makes that worse. If a teen will drive the car, ask a licensed insurance agent to quote the household with the young driver listed instead of guessing. Speeding tickets and at-fault accidents also raise rates for years.

• Compare quotes from several insurers using the same limits and deductibles.
• Ask about discounts for good students, low mileage, and anti-theft equipment.
• Keep a clean record, since tickets and accidents follow you from one insurer to the next.
• Choose the trim with the insurance bill in mind, because the price difference between trims can be large.
• Review the policy at each renewal, especially after you add a driver or change how you use the car.