How much is insurance on a Ford Mustang?
A 2024 Ford Mustang runs about $2,150 a year for a typical 45-year-old, $210 more than an average car of the same age, because of higher crash-repair losses and more damage to others' property. Putting a new 16-year-old on a family policy with the Mustang adds about $1,420 a year (#9 of 13 small cars we compare).
2024 Ford Mustang (Mustang), national average
about $2,150 a year (about $180 a month)
Estimated range: $1,600–$3,100. Actual quotes can fall outside it.
An average car of the same age (what HLDI's 2022–24 results measure against) runs about $1,940 a year. A used 2013 Mustang drops to about $1,710 (see the table below).
Priced for the 2024 Mustang, the newest year covered by HLDI's loss data (2022–24 models), for a 45-year-old driver with a clean record and full coverage. HLDI's results combine drivers of all ages. We apply them to one example driver (a 45-year-old with a clean record) so pages are comparable; they aren't specific to 45-year-olds. Each state raises or lowers every car's price by the same percentage, so the Mustang's rank is the same in every state.
Why the Ford Mustang costs what it does
What HLDI reports (2022–24 models, all drivers combined)
The Highway Loss Data Institute (HLDI) compares each model's insurance losses with an average car's. For the Ford Mustang 2dr, on HLDI's scale where 100 is an average car and lower is better, it reports 150 for crash repairs, 102 for non-crash damage, and 118 for damage to others' property.
- Crash repairs (collision)fixing this car after a crashSubstantially worse than average50% worse than average11th best of the 13 small cars we compare
- Non-crash damage (comprehensive)theft, weather, fire, vandalism, glass, and animal strikesAverage2% worse than average10th best of the 13 small cars we compare
- Damage to others' property (property damage liability)other people's cars and property, when this car's driver is at faultAverage18% worse than average9th best of the 13 small cars we compare
- Injuries to others (bodily injury liability)how often injury claims are filed against this car's drivers, not how much they costInsufficient dataNo result from HLDI for this model
HLDI rates results within about 20% of average as “Average.”
HLDI doesn't publish a result for injuries to others on this model, so it's marked “Insufficient data”.
Source: HLDI, insurance losses by make and model, 2022–24 models.
What we estimate that means for price
Prices move less than loss results do: a car's loss record is only one of many things insurers weigh, and each weighs it differently. So we count only part of HLDI's difference. Combining crash repairs and non-crash damage (weighted about 71% and 29%, the share each makes up of industry claim costs), the Mustang comes out about 36% worse than average. We count about a third of that difference, so the part of the bill that fixes the car is about 12% more than average: about $1,070 a year vs $950. On the liability side, HLDI publishes damage to others' property but not injury claims for the Mustang, so we go by that one result: about 18% worse than average. We count about half, so that part is about 9% more: $1,080 a year vs $990.
In EPA size classes, the Mustang is a small car (gas-powered). In Highway Loss Data Institute loss tables, the Ford Mustang is benchmarked against midsize sports cars.
- Sporty cars often cost more to insure than their repair records suggest, so the range reaches higher.
Matched to HLDI series “Ford Mustang 2dr” (HLDI, 2022–24 models).
A used Ford Mustang, by model year
| Model year | Full coverage | Liability only | Adding a teen | Teen on their own policy |
|---|---|---|---|---|
| 2024 Mustang (0–3 years old) | about $2,150 | about $1,080 | +$1,420 | about $6,170 |
 2022 Mustang (4–7 years old) | about $2,020 | about $1,080 | +$1,340 | about $5,800 |
 2018 Mustang (8–12 years old) | about $2,080 | about $1,240 | +$1,370 | about $5,970 |
 2013 Mustang (13 or more years old) | about $1,710 | about $1,000 | +$1,130 | about $4,890 |
Our catalog covers the Ford Mustang across model years 2006–2027. Full coverage on a used 2013 Mustang (13 or more years old) runs about $1,710 a year, $440 less than on a 2024. Dropping collision and comprehensive on that 2013 brings liability-only coverage to about $1,000 a year. Each photo shows that year's generation of the car. Photo credits.
All 3 versions of the 2024 Ford Mustang in our catalog (Mustang, Mustang Dark Horse and Mustang Performance Package) price within about $50 a year of each other.
On a policy of their own with a 2024 Ford Mustang, a 22–25-year-old pays about $2,800 a year ($650 more than a 45-year-old), a 26–39-year-old about $2,390, and a driver 65 and older about $2,260.
Adding a 16-year-old with a Ford Mustang
A new driver costs more with any car, and more than usual with the Ford Mustang: adding a 16-year-old raises the family bill by about $1,420 a year ($120 a month), $140 more than adding a teen with an average car of the same age. A separate policy in the 16-year-old's own name runs about $6,170 a year ($4,750 more than adding them to the family policy).
For adding a teen driver, the Ford Mustang ranks 25th most expensive out of all 121 models we track. Stepping down to a used 2013 Mustang (13 or more years old) brings the teen add-on to about $1,130 a year.
That increase is how much the family bill goes up with a new 16-year-old driving this car. Cheapest cars to insure for a teen.
Similar small cars
Among these 13 small cars, the Ford Mustang is the 5th most expensive to insure. Right next to it are the Toyota Corolla (about $2,070 a year) and the Nissan Versa (about $2,200).
2024 Mazda 3about $2,030 ($120 less)
2024 Kia Soulabout $2,030 ($120 less)
2024 Volkswagen Jettaabout $2,070 ($80 less)
2024 Toyota Corollaabout $2,070 ($80 less)- 2024 Ford Mustangabout $2,150 (this car)
2024 Nissan Versaabout $2,200 (about the same)
2024 Chevrolet Camaroabout $2,420 ($270 more)
2024 BMW 330iabout $2,850 ($700 more)
2024 Mercedes-Benz C-Classabout $3,020 ($870 more)
Photos from Wikimedia Commons contributors. Photo credits.
What a Ford Mustang costs in your state
In six sample states, a 2024 Ford Mustang runs from about $1,380 a year in Maine through Ohio, Virginia, Missouri and Michigan to about $2,580 in Texas:
- Maineabout $1,380/yr · +$910 teen
- Ohioabout $1,550/yr · +$1,020 teen
- Virginiaabout $1,850/yr · +$1,220 teen
- Missouriabout $1,980/yr · +$1,300 teen
- Michiganabout $2,350/yr · +$1,550 teen
- Texasabout $2,580/yr · +$1,700 teen
All 50 states and DC · Updated .
Both start from your own situation if you've set one. For crash safety, see IIHS and NHTSA ratings.
This is an estimate to help you plan, not a quote. We don't sell insurance, and nothing you type is sent to us. Only an insurer can give you a real price.