Is a Mustang expensive to insure?
Ford Mustangs tend to be expensive to insure. Ford Mustangs are designated as sports cars and have high theft rates, according to the most recent data from the National Highway Traffic Safety Administration. These factors likely lead to higher insurance rates because they make the model riskier for insurers to cover.
Increased Insurance Costs from EcoBoost to GT
How much does it cost to insure a Ford Mustang?
The average cost of auto insurance is $1,163 for a 2005 Ford Mustang and an average of $1,797 for a 2020 model. That's a difference of $634 annually. Different insurers may offer cheaper coverage depending on the model year. The cheapest insurance company for a 2020 Ford Mustang is USAA, at $1,555 annually.
How much would insurance be for a 18-year-old with a Mustang?
The average cost of car insurance for an 18-year-old driver with a Ford Mustang is $5,128 per year. A 40-year-old driver pays an average of just $1,571 for the same car. Young drivers can save money by staying on their parents' policy. It will almost always cost more for young drivers to get their own car insurance.
Does insurance go up with a Mustang?
Are Mustangs expensive to insure? Mustangs are about 31% more expensive to insure than the average car, costing about $2,188 per year, compared to the $1,674 national average premium, based on Bankrate's study of quoted annual premiums from Quadrant Information Services.
How much does a Mustang affect insurance?
Overall, insurance on a Mustang costs $44 more every month than the average insurance cost for all vehicles. The GT version of the 2021 Mustang is a fastback coupe that provides expansive horsepower. This guide provides you with details about the cost of coverage before you invest in this iconic sports car.
How much is full coverage insurance on a Mustang?
2021 Mustang GT insurance cost is $294 per month or $3,528 per year, on average. 2020 Mustang GT insurance cost is $270 per month or $3,240 per year, on average. 2019 Mustang GT insurance cost is $212 per month or $2,538 per year on average.
How much is insurance for a 18 year old male with a Mustang?
The average cost of car insurance for an 18-year-old driver with a Ford Mustang is $5,128 per year. A 40-year-old driver pays an average of just $1,571 for the same car. Young drivers can save money by staying on their parents' policy. It will almost always cost more for young drivers to get their own car insurance.
How much will a Mustang raise my insurance?
According to ValuePenguin, the average annual rate to insure a Ford Mustang for a 16-year-old driver is $5948 for a six-month policy. This is approximately five times the rate of a 30-year-old driver with the same vehicle. Additionally, some insurance companies may deny coverage altogether.
How much is insurance for a Mustang for a 20 year old?
ValuePenguin lists the average cost by age for Mustang coverage from five major insurance companies: State Farm: $3816 at age 16, $3218 at age 18, $2514 at age 20, $1859 at age 22, $1625 at age 25, and $997 at age 30.
Is it expensive to insure a Mustang?
How Expensive Is It to Insure a Ford Mustang Compared to Other Cars? Driving a Ford Mustang is on the expensive side when it comes to a car insurance policy. It costs an average of $1,571 to insure a Ford Mustang, compared to an average of $1,428 across all models.
How Much my Monthly Payment is for my new 2018 Ford Mustang GT, Plus insurance costs!
How much would insurance be for a 16-year-old with a Mustang GT?
Mustang insurance is even more expensive for younger drivers, specifically those who are under the age of 18 years. According to ValuePenguin, the average annual rate to insure a Ford Mustang for a 16-year-old driver is $5948 for a six-month policy.
