Written by
Prachi is an insurance writer with a master's degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.
Why you can trust Insurance.com
At Insurance.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry.
Car insurance rates vary based on the make and model of the vehicle and trim levels. According to Insurance.com research, the average cost of insuring a Ford Mustang is $2,427 per year or $202 per month. However, these rates can vary depending on your location, driving history, age, and other factors.
The auto insurance rates also change based on the vehicle’s model year. For example, the 2023 Ford Mustang costs $2,427 per year, whereas the 2022 Ford Mustang costs $2,059 annually. State Farm offers the cheapest annual rate for 2023 Ford Mustang $1,618 per year.
Keep reading to learn more about which state offers the cheapest car insurance rates based on model year and which model year is the cheapest to insure amongst all the models surveyed by Insurance.com.
Average insurance cost of Ford Mustang by model year
| Year of Ford Mustang Model | Average Cost to Insure |
|---|---|
| 2023 | $2,427 |
| 2022 | $2,059 |
| 2021 | $1,957 |
| 2020 | $2,219 |
| 2019 | $2,144 |
Compare Ford Mustang insurance rates by state
L
O
A
D
I
N
G
| Company | Style | Average annual premium |
|---|---|---|
| Allstate | 2WD 2 Door Convertible DOHC Turbo | $4,104 |
| Geico | 2WD 2 Door Convertible DOHC Turbo | $2,872 |
| Nationwide | 2WD 2 Door Convertible DOHC Turbo | $2,200 |
| Progressive | 2WD 2 Door Convertible DOHC Turbo | $3,305 |
| State Farm | 2WD 2 Door Convertible DOHC Turbo | $1,580 |
| Allstate | 2WD 2 Door Coupe DOHC Turbo | $6,649 |
| Geico | 2WD 2 Door Coupe DOHC Turbo | $2,870 |
| Nationwide | 2WD 2 Door Coupe DOHC Turbo | $2,893 |
| Progressive | 2WD 2 Door Coupe DOHC Turbo | $3,553 |
| State Farm | 2WD 2 Door Coupe DOHC Turbo | $1,658 |
Ford Mustang insurance rates per year
2023 Ford Mustang insurance rates
Average cost to insure
$2,427
Annual cheapest rate
$1,618
Available trims
Ecoboost, Ecoboost Premium, GT, GT Premium, Mach 1 Premium, Mach-E California Route 1, Mach-E GT, Mach-E Premium, Mach-E Select
| Rank | Company | Average annual premium |
|---|---|---|
| 1 | State Farm | $1,618 |
| 2 | Nationwide | $1,959 |
| 3 | Geico | $2,221 |
| 4 | Progressive | $2,527 |
| 5 | Farmers | $3,054 |
| 6 | Allstate | $3,180 |
2022 Ford Mustang insurance rates
Average cost to insure
$2,059
Annual cheapest rate
$1,389
Available trims
Ecoboost, Ecoboost Premium, GT, GT Premium, Mach 1 Premium, Mach-E California Route 1, Mach-E GT, Mach-E Premium, Mach-E Select
| Rank | Company | Average annual premium |
|---|---|---|
| 1 | State Farm | $1,389 |
| 2 | Nationwide | $1,674 |
| 3 | Geico | $1,963 |
| 4 | Progressive | $2,122 |
| 5 | Farmers | $2,358 |
| 6 | Allstate | $2,846 |
2021 Ford Mustang insurance rates
Average cost to insure
$1,957
Annual cheapest rate
$1,244
Available trims
Ecoboost, Ecoboost Premium, GT, GT Premium, Mach 1 Premium, Mach-E California Route 1, Mach-E GT, Mach-E Premium, Mach-E Select
| Rank | Company | Average annual premium |
|---|---|---|
| 1 | State Farm | $1,244 |
| 2 | Progressive | $1,727 |
| 3 | Geico | $1,914 |
| 4 | Nationwide | $1,935 |
| 5 | Farmers | $2,125 |
| 6 | Allstate | $2,796 |
2020 Ford Mustang insurance rates
Average cost to insure
$2,219
Annual cheapest rate
$1,528
Available trims
Ecoboost, Ecoboost Premium, GT, GT Premium, Mach 1 Premium, Mach-E California Route 1, Mach-E GT, Mach-E Premium, Mach-E Select
| Rank | Company | Average annual premium |
|---|---|---|
| 1 | State Farm | $1,528 |
| 2 | Geico | $1,983 |
| 3 | Progressive | $2,031 |
| 4 | Farmers | $2,074 |
| 5 | Nationwide | $2,241 |
| 6 | Allstate | $3,455 |
2019 Ford Mustang insurance rates
Average cost to insure
$2,144
Annual cheapest rate
$1,507
Available trims
Ecoboost, Ecoboost Premium, GT, GT Premium, Mach 1 Premium, Mach-E California Route 1, Mach-E GT, Mach-E Premium, Mach-E Select
| Rank | Company | Average annual premium |
|---|---|---|
| 1 | State Farm | $1,507 |
| 2 | Geico | $1,850 |
| 3 | Nationwide | $1,972 |
| 4 | Progressive | $2,383 |
| 5 | Farmers | $2,466 |
| 6 | Allstate | $2,686 |
2018 Ford Mustang insurance rates
Average cost to insure
$2,142
Annual cheapest rate
$1,671
Available trims
Ecoboost, Ecoboost Premium, GT, GT Premium, Mach 1 Premium, Mach-E California Route 1, Mach-E GT, Mach-E Premium, Mach-E Select
| Rank | Company | Average annual premium |
|---|---|---|
| 1 | Geico | $1,671 |
| 2 | State Farm | $1,718 |
| 3 | Nationwide | $1,926 |
| 4 | Progressive | $2,259 |
| 5 | Farmers | $2,560 |
| 6 | Allstate | $2,715 |
2017 Ford Mustang insurance rates
Average cost to insure
$2,038
Annual cheapest rate
$1,543
Available trims
Ecoboost, Ecoboost Premium, GT, GT Premium, Mach 1 Premium, Mach-E California Route 1, Mach-E GT, Mach-E Premium, Mach-E Select
| Rank | Company | Average annual premium |
|---|---|---|
| 1 | Geico | $1,543 |
| 2 | State Farm | $1,600 |
| 3 | Nationwide | $1,937 |
| 4 | Progressive | $2,126 |
| 5 | Farmers | $2,449 |
| 6 | Allstate | $2,575 |
2016 Ford Mustang insurance rates
Average cost to insure
$1,937
Annual cheapest rate
$1,430
Available trims
Ecoboost, Ecoboost Premium, GT, GT Premium, Mach 1 Premium, Mach-E California Route 1, Mach-E GT, Mach-E Premium, Mach-E Select
| Rank | Company | Average annual premium |
|---|---|---|
| 1 | State Farm | $1,430 |
| 2 | Geico | $1,432 |
| 3 | Nationwide | $1,900 |
| 4 | Progressive | $2,075 |
| 5 | Farmers | $2,373 |
| 6 | Allstate | $2,410 |
