Ashlee Tilford Written by Ashlee Tilford
Managing Editor

Ashlee is a dynamic business writer and editor with a focus on personal finance. With an MBA and more than fourteen years in the finance industry, Ashlee brings a practical and relatable perspective to insurance topics. She is passionate about empowering others to achieve financial success and protect their assets. When Ashlee isn't writing and editing, she enjoys spending time with her partner, dog and chickens on their farm in Kentucky.


Why you can trust Insurance.com

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 ModelAverage Cost to Insure
2023$2,427
2022$2,059
2021$1,957
2020$2,219
2019$2,144
Graph Icon

Compare Ford Mustang insurance rates by state

L O A D I N G
CompanyStyleAverage annual premium
Allstate2WD 2 Door Convertible DOHC Turbo$4,104
Geico2WD 2 Door Convertible DOHC Turbo$2,872
Nationwide2WD 2 Door Convertible DOHC Turbo$2,200
Progressive2WD 2 Door Convertible DOHC Turbo$3,305
State Farm2WD 2 Door Convertible DOHC Turbo$1,580
Allstate2WD 2 Door Coupe DOHC Turbo$6,649
Geico2WD 2 Door Coupe DOHC Turbo$2,870
Nationwide2WD 2 Door Coupe DOHC Turbo$2,893
Progressive2WD 2 Door Coupe DOHC Turbo$3,553
State Farm2WD 2 Door Coupe DOHC Turbo$1,658

Ford Mustang insurance rates per year

2023

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
RankCompanyAverage annual premium
1State Farm$1,618
2Nationwide$1,959
3Geico$2,221
4Progressive$2,527
5Farmers$3,054
6Allstate$3,180
2022

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
RankCompanyAverage annual premium
1State Farm$1,389
2Nationwide$1,674
3Geico$1,963
4Progressive$2,122
5Farmers$2,358
6Allstate$2,846
2021

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
RankCompanyAverage annual premium
1State Farm$1,244
2Progressive$1,727
3Geico$1,914
4Nationwide$1,935
5Farmers$2,125
6Allstate$2,796
2020

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
RankCompanyAverage annual premium
1State Farm$1,528
2Geico$1,983
3Progressive$2,031
4Farmers$2,074
5Nationwide$2,241
6Allstate$3,455
2019

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
RankCompanyAverage annual premium
1State Farm$1,507
2Geico$1,850
3Nationwide$1,972
4Progressive$2,383
5Farmers$2,466
6Allstate$2,686
2018

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
RankCompanyAverage annual premium
1Geico$1,671
2State Farm$1,718
3Nationwide$1,926
4Progressive$2,259
5Farmers$2,560
6Allstate$2,715
2017

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
RankCompanyAverage annual premium
1Geico$1,543
2State Farm$1,600
3Nationwide$1,937
4Progressive$2,126
5Farmers$2,449
6Allstate$2,575
2016

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
RankCompanyAverage annual premium
1State Farm$1,430
2Geico$1,432
3Nationwide$1,900
4Progressive$2,075
5Farmers$2,373
6Allstate$2,410
x
What can we help you find?