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The average Ford Mustang car insurance rate for 2021 is $2,052 based on the profile of a 30-year-old driver. However, car insurance rates by state vary dramatically based on your ZIP code, among other factors. The state where you live plays a significant role in determining your insurance rate. For example, Michigan is the most expensive state for car insurance, the average Ford Mustang insurance cost is $3,366 a year. Maine has the lowest Ford Mustang insurance rates for full coverage, with average insurance cost for a 30-year-old driver is 1,345 a year.
Average insurance cost of Ford Mustang by model year
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Table
Year of Ford Mustang ModelAverage Cost to Insure
2020$2,153
2019$2,144
2018$2,142
2017$2,038
2016$1,937

Compare Ford Mustang Insurance Rates by State

L O A D I N G
Company Style Full Coverage(Avg) Liability Coverage(Avg) State Minimum Coverage(Avg)
Allstate2 Door Convertible Turbo$2,665$963$838
Geico2 Door Convertible Turbo$1,932$472$334
Farmers2 Door Convertible Turbo$2,097$900$777
Nationwide2 Door Convertible Turbo$3,422$1,029$761
Progressive2 Door Convertible Turbo$1,479$503$349
State Farm2 Door Convertible Turbo$2,150$801$569
Allstate2 Door Coupe Turbo$2,427$963$838
Geico2 Door Coupe Turbo$1,895$472$334
Farmers2 Door Coupe Turbo$2,832$1,101$949
Nationwide2 Door Coupe Turbo$4,040$1,340$987
Progressive2 Door Coupe Turbo$1,204$438$308
State Farm2 Door Coupe Turbo$2,607$953$676

2020 Ford Mustang Insurance Rates

companiesAverage Premium
State Farm$1,483
Progressive$1,782
Geico$1,983
Nationwide$2,057
Farmers$2,158
Allstate$3,455
Average Cost to Insure $2,153/year
Cheapest Rate $1,483/year
Available Trims Bullitt, GT, GT Premium, Premium, Shelby GT350, Shelby GT350R

2019 Ford Mustang Insurance Rates

companiesAverage Premium
State Farm$1,507
Geico$1,850
Nationwide$1,972
Progressive$2,383
Farmers$2,466
Allstate$2,686
Average Cost to Insure $2,144/year
Cheapest Rate $1,507/year
Available Trims Bullitt, GT, GT Premium, Premium, Shelby GT350, Shelby GT350R

2018 Ford Mustang Insurance Rates

companiesAverage Premium
Geico$1,671
State Farm$1,718
Nationwide$1,926
Progressive$2,259
Farmers$2,560
Allstate$2,715
Average Cost to Insure $2,142/year
Cheapest Rate $1,671/year
Available Trims Bullitt, GT, GT Premium, Premium, Shelby GT350, Shelby GT350R

2017 Ford Mustang Insurance Rates

companiesAverage Premium
Geico$1,543
State Farm$1,600
Nationwide$1,937
Progressive$2,126
Farmers$2,449
Allstate$2,575
Average Cost to Insure $2,038/year
Cheapest Rate $1,543/year
Available Trims Bullitt, GT, GT Premium, Premium, Shelby GT350, Shelby GT350R

2016 Ford Mustang Insurance Rates

companiesAverage Premium
State Farm$1,430
Geico$1,432
Nationwide$1,900
Progressive$2,075
Farmers$2,373
Allstate$2,410
Average Cost to Insure $1,937/year
Cheapest Rate $1,430/year
Available Trims Bullitt, GT, GT Premium, Premium, Shelby GT350, Shelby GT350R