Car Insurance for Mustangs in 2022 Bankrate Caret RightMain Menu Mortgage Mortgages Financing a home purchase Refinancing your existing loan Finding the right lender Additional Resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Bank Banking Compare Accounts Use calculators Get advice Bank reviews Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Credit Card Credit cards Compare by category Compare by credit needed Compare by issuer Get advice Looking for the perfect credit card? Narrow your search with CardMatch Caret RightMain Menu Loan Loans Personal Loans Student Loans Auto Loans Loan calculators Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Invest Investing Best of Brokerages and robo-advisors Learn the basics Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Home Equity Home equity Get the best rates Lender reviews Use calculators Knowledge base Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Loan Home Improvement Real estate Selling a home Buying a home Finding the right agent Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Insurance Insurance Car insurance Homeowners insurance Other insurance Company reviews Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Retirement Retirement Retirement plans & accounts Learn the basics Retirement calculators Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content Advertiser Disclosure
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. SHARE: Johannes Schmoelz / EyeEm/Getty Images December 30, 2021 Lizzie Nealon is an insurance contributor for Bankrate and enjoys making home, auto and life insurance digestible for readers so they can prepare for the future. Cate Deventer is a writer, editor and insurance professional with over a decade of experience in the insurance industry as a licensed insurance agent. Bankrate logo The Bankrate promise
At Bankrate, we strive to help you make smarter financial decisions. To help readers understand how insurance affects their finances, we have licensed insurance professionals on staff who have spent a combined 47 years in the auto, home and life insurance industries. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money. Our content is backed by LLC, a licensed entity (NPN: 19966249). For more information, please see our Insurance Disclosure. Bankrate logo The Bankrate promise
Founded in 1976, Bankrate has a long track record of helping people make smart financial choices. We’ve maintained this reputation for over four decades by demystifying the financial decision-making process and giving people confidence in which actions to take next. Bankrate follows a strict , so you can trust that we’re putting your interests first. All of our content is authored by and edited by , who ensure everything we publish is objective, accurate and trustworthy. Our insurance team is composed of agents, data analysts, and customers like you. They focus on the points consumers care about most — price, customer service, policy features and savings opportunities — so you can feel confident about which provider is right for you. We guide you throughout your search and help you understand your coverage options. We provide up-to-date, reliable market information to help you make confident decisions. We reduce industry jargon so you get the clearest form of information possible. All providers discussed on our site are vetted based on the value they provide. And we constantly review our criteria to ensure we’re putting accuracy first. Bankrate logo Editorial integrity
Bankrate follows a strict , so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. Key Principles
We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers. Editorial Independence
Bankrate’s editorial team writes on behalf of YOU – the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information. Bankrate logo How we make money
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict , so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. Bankrate logo Insurance Disclosure
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Purchasing full coverage insurance for a 2019 Ford Mustang costs an average of $2,188 annually, according to Bankrate’s . This average premium comes in around $500 higher than the , $1,674 per year, in part because sports cars are typically more expensive to insure. Why? Coupes and vehicles designed for speed may have higher crash rates than an economy sedan, such as a Toyota Camry. In addition, Mustangs often have speciality parts and distinct engine capabilities that can make repairing the vehicles costly. Despite these factors, finding an affordable insurance policy for your Ford Mustang is possible. Compare rates and save on auto insurance today! Get quotes Close X RatesRates keep going up in 2022. Compare rates and save on auto insurance today! Get quotes Close X This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare auto insurance rates
Answer a few questions to see personalized rates from top carriers. Save on auto insurance with quotes from trusted providers like: Drivers switch & save an average of $750+/year Arrow Right Are you overpaying for auto insurance? Arrow Right Safe drivers choose Allstate Arrow Right Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. See more providers in Choose from insurers in Show More RATE INCREASE ALERT Rates increased up to 12% this year
Shop for a better rate before you renew your current policy. This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare auto insurance rates
Answer a few questions to see personalized rates from top carriers. Save on auto insurance with quotes from trusted providers like: Drivers switch & save an average of $750+/year Arrow Right Are you overpaying for auto insurance? Arrow Right Safe drivers choose Allstate Arrow Right Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. See more providers in Choose from insurers in Show More How driving a Mustang influences your insurance rates
Comparing rates across the country, Mustang owners pay an average of $2,188 per year for full coverage car insurance. This comes out to 31% more than the average car owner in the United States, who can expect to pay $1,674 per year on average. If you’re wondering why such a large gap exists between the national average full coverage premium and the average for Ford Mustang owners, the answer may lie in crash data. Insurance companies use crash statistics to assess which models are more likely to be involved in an accident. , like the Ford Mustang, generally cost more to insure because insurance companies might consider their drivers more likely to drive recklessly. The speed capabilities of sports cars can also play a role in premiums, as crashes that happen at higher speeds tend to be more severe and therefore more expensive. How much is insurance for a Mustang
The cost of insurance for your Mustang will depend on many different factors, not the least of which is the specific model you own. For example, a Shelby GT500 may cost quite a bit more to insure than an EcoBoost due to its much higher replacement cost. With that said, here’s the average price of auto insurance premiums for a Ford Mustang, accounting for all models: Average annual minimum coverage premium Average annual full coverage premium $494 $2,188 Average rates also vary by insurer. Every company has a different algorithm to rate policies. Some may place more emphasis on policyholders having a clean driving record, while others may care more about the age of the policyholder. Additionally, most insurers may charge different rates depending on the type of car you own. According to our insurance company data, Mustang owners tend to find the lowest full-coverage rates with Erie, Amica and USAA, while Allstate had the highest average full coverage premium. See the table below for a list of the average cost to insure a Mustang with popular carriers. Average annual premiums for Ford Mustangs by company Average minimum coverage premium Average full coverage premium $289 $1,649 $345 $1,646 $351 $1,303 $356 $1,681 $362 $1,951 $431 $1,950 $467 $1,681 $526 $1,898 $545 $3,030 $550 $1,858 $656 $2,391 What factors influence your car insurance other than your car
Owning a Mustang can make your auto insurance premiums higher than average, but that’s not all the insurance companies look at to determine risk. Your car is just to your overall insurance rates. Here’s a list of other criteria that can affect your premiums: Age (in all states except HI) Gender (in all states except CA, HI, MA, MI, MT, NC and PA) Location Annual mileage Marital status Driving history Credit score (in all states except CA, HI, MA and MI) Occupation Policy type Coverage amount Deductible levels How can you save money on Mustang car insurance
Getting insurance for your Mustang doesn’t have to be expensive. Here are a few ways to reduce the cost of coverage: Avoid tickets. One of the best ways to help keep insurance rates low is to maintain a spotless driving history. Avoid speeding and follow traffic laws; tickets may increase your rate, and too many infractions may even cause your insurer to drop you. Practice safe driving. Mustangs are often associated with above-average crash rates, which means getting in an accident could send your rates skyrocketing. Most insurers give a safe driving discount to those who stay . Many even offer safe driving programs that track your habits and can fetch you a lower rate if you avoid unsafe behaviors like fast acceleration and hard braking. Build your credit. Having a good credit score may help lower your insurance rates by demonstrating financial responsibility. Consider using your credit sparingly, paying down existing balances and making payments on time to help raise your score. Note that California, Hawaii, Massachusetts and Michigan to influence insurance premiums. Avoid custom parts. Custom parts can be expensive to insure. Standard auto insurance policies do not typically cover any modifications you make to your Mustang, which means you may have to buy extra insurance to cover them. At the very least, talk to your insurer and get a quote for the additional coverage before you start making changes — even seemingly minor ones. Shop around. You might want to compare rates from multiple carriers before choosing the company that is best for you. You may be surprised by the difference in prices. Frequently asked questions
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. Why is insurance more for a Mustang
Insurance may cost more for Mustangs because this type of car may be associated with higher rates of traffic accidents. However, your auto insurance rate is determined by many additional factors that may make your policy more or less affordable. Where can I find cheap insurance for my Mustang
On average, Mustang owners may get cheaper rates from USAA, Amica and Erie. Saving on car insurance is possible even if you drive a sports car. Avoiding custom parts, practicing safe driving and building a strong credit score are some of the ways to lower your insurance bill. from multiple insurers may also get you a better deal, since premiums differ by company. Methodology
Bankrate utilizes Quadrant Information Services to analyze rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits: $100,000 bodily injury liability per person $300,000 bodily injury liability per accident $50,000 property damage liability per accident $100,000 uninsured motorist bodily injury per person $300,000 uninsured motorist bodily injury per accident $500 collision deductible $500 comprehensive deductible To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our sample drivers own a 2019 Ford Mustang, commute five days a week and drive 12,000 miles annually. These are sample rates and should be used for comparative purposes only. Your quotes may be different. Rates are determined based on 2021 Quadrant Information Services data. SHARE: Lizzie Nealon is an insurance contributor for Bankrate and enjoys making home, auto and life insurance digestible for readers so they can prepare for the future. Cate Deventer is a writer, editor and insurance professional with over a decade of experience in the insurance industry as a licensed insurance agent. Related Articles