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.
Leslie Kasperowicz is an insurance expert with four years of direct agency experience and over a decade of creating educational content to help insurance shoppers make confident, informed decisions.
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Car insurance rates vary depending on the make, model and trim level of your vehicle. According to our data analysis, the average cost to insure a Ford Mustang is $2,909 per year or $242 per month. However, your actual rate may be higher or lower depending on things like where you live, your age, your driving record and other personal factors.
The auto insurance rates also change based on the vehicle's model year. For example, the 2024 Ford Mustang costs $2,909, whereas the 2023 Ford Mustang costs $2,769 annually. This is $140 less than the 2024 rates.
GEICO offers the cheapest annual rate for 2024 Ford Mustang at $2,637 per year.
Below, we'll look at Ford Mustang insurance rates and show you how to save.
Average insurance cost of Ford Mustang by model year
| Year of Ford Mustang model | Average cost to insure |
|---|---|
| 2024 | $2,909 |
| 2023 | $2,769 |
| 2022 | $2,668 |
| 2021 | $2,655 |
| 2020 | $2,503 |
Compare Mustang insurance rates by state
| Company | Style | Average annual premium |
|---|---|---|
| GEICO | 2WD 2 Door Coupe DOHC | $3,166 |
| Progressive | 2WD 2 Door Coupe DOHC | $3,460 |
| State Farm | 2WD 2 Door Coupe DOHC | $3,612 |
| Nationwide | 2WD 2 Door Coupe DOHC | $4,025 |
| Allstate | 2WD 2 Door Coupe DOHC | $4,507 |
Ford Mustang insurance rates per year
2024 Ford Mustang insurance rates
Rank Company Average annual premium 1 GEICO $2,637 2 State Farm $2,642 3 Nationwide $2,665 4 Progressive $3,130 5 Farmers $3,154 6 Allstate $3,225 2023 Ford Mustang insurance rates
Rank Company Average annual premium 1 State Farm $2,360 2 Nationwide $2,427 3 GEICO $2,532 4 Progressive $2,973 5 Farmers $3,136 6 Allstate $3,185 2022 Ford Mustang insurance rates
Rank Company Average annual premium 1 State Farm $2,258 2 GEICO $2,373 3 Nationwide $2,389 4 Progressive $2,914 5 Allstate $3,034 6 Farmers $3,037 2021 Ford Mustang insurance rates
Rank Company Average annual premium 1 State Farm $2,228 2 GEICO $2,326 3 Nationwide $2,409 4 Progressive $2,801 5 Farmers $2,918 6 Allstate $3,250 2020 Ford Mustang insurance rates
Rank Company Average annual premium 1 State Farm $2,159 2 GEICO $2,254 3 Nationwide $2,494 4 Allstate $2,679 5 Progressive $2,684 6 Farmers $2,750 2019 Ford Mustang insurance rates
Rank Company Average annual premium 1 State Farm $2,077 2 GEICO $2,190 3 Nationwide $2,490 4 Allstate $2,607 5 Farmers $2,627 6 Progressive $2,644 2018 Ford Mustang insurance rates
Rank Company Average annual premium 1 State Farm $2,047 2 GEICO $2,072 3 Nationwide $2,346 4 Progressive $2,526 5 Farmers $2,539 6 Allstate $2,679 2017 Ford Mustang insurance rates
Rank Company Average annual premium 1 State Farm $1,913 2 GEICO $1,917 3 Progressive $2,345 4 Nationwide $2,350 5 Farmers $2,467 6 Allstate $2,502
Ford insurance annual rates by model
Methodology
Data was fielded by Quadrant Information Services across all 50 states and Washington, D.C. for 1,161 vehicle models. More than 67 million data points from 57 insurance companies were analyzed.
Unless otherwise indicated, averages are based on our full coverage data set. This data set is based on:
- Bodily injury liability of $100,000 per person and $300,000 per incident
- Property damage liability of $100,000 per incident
- Comprehensive and collision deductibles of $500
- 40-year-old driver
- Honda Accord LX
- Good credit
- A clean driving record
- 12-mile commute, 10,000 annual mileage