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.
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 model | Average cost to insure |
|---|---|
| 2023 | $2,427 |
| 2022 | $2,059 |
| 2021 | $1,957 |
| 2020 | $2,219 |
| 2019 | $2,144 |
Compare Ford Mustang insurance rates by state
| Company | Style | Average annual premium |
|---|---|---|
| State Farm | 2WD 2 Door Convertible DOHC Turbo | $1,580 |
| State Farm | 2WD 2 Door Coupe DOHC Turbo | $1,658 |
| Nationwide | 2WD 2 Door Convertible DOHC Turbo | $2,200 |
| Geico | 2WD 2 Door Coupe DOHC Turbo | $2,870 |
| Geico | 2WD 2 Door Convertible DOHC Turbo | $2,872 |
| Nationwide | 2WD 2 Door Coupe DOHC Turbo | $2,893 |
| Progressive | 2WD 2 Door Convertible DOHC Turbo | $3,305 |
| Progressive | 2WD 2 Door Coupe DOHC Turbo | $3,553 |
| Allstate | 2WD 2 Door Convertible DOHC Turbo | $4,104 |
| Allstate | 2WD 2 Door Coupe DOHC Turbo | $6,649 |
Ford Mustang insurance rates per year
2023 Ford Mustang insurance rates
| Rank | Company | Average annual premium |
|---|---|---|
| 1 | State Farm | $1,618 |
| 2 | Nationwide | $1,959 |
| 3 | Geico | $2,221 |
| 4 | Progressive | $2,527 |
| 5 | Farmers | $3,054 |
| 6 | Allstate | $3,180 |
2022 Ford Mustang insurance rates
| Rank | Company | Average annual premium |
|---|---|---|
| 1 | State Farm | $1,389 |
| 2 | Nationwide | $1,674 |
| 3 | Geico | $1,963 |
| 4 | Progressive | $2,122 |
| 5 | Farmers | $2,358 |
| 6 | Allstate | $2,846 |
2021 Ford Mustang insurance rates
| Rank | Company | Average annual premium |
|---|---|---|
| 1 | State Farm | $1,244 |
| 2 | Progressive | $1,727 |
| 3 | Geico | $1,914 |
| 4 | Nationwide | $1,935 |
| 5 | Farmers | $2,125 |
| 6 | Allstate | $2,796 |
2020 Ford Mustang insurance rates
| Rank | Company | Average annual premium |
|---|---|---|
| 1 | State Farm | $1,528 |
| 2 | Geico | $1,983 |
| 3 | Progressive | $2,031 |
| 4 | Farmers | $2,074 |
| 5 | Nationwide | $2,241 |
| 6 | Allstate | $3,455 |
2019 Ford Mustang insurance rates
| Rank | Company | Average annual premium |
|---|---|---|
| 1 | State Farm | $1,507 |
| 2 | Geico | $1,850 |
| 3 | Nationwide | $1,972 |
| 4 | Progressive | $2,383 |
| 5 | Farmers | $2,466 |
| 6 | Allstate | $2,686 |
2018 Ford Mustang insurance rates
| Rank | Company | Average annual premium |
|---|---|---|
| 1 | Geico | $1,671 |
| 2 | State Farm | $1,718 |
| 3 | Nationwide | $1,926 |
| 4 | Progressive | $2,259 |
| 5 | Farmers | $2,560 |
| 6 | Allstate | $2,715 |
2017 Ford Mustang insurance rates
| Rank | Company | Average annual premium |
|---|---|---|
| 1 | Geico | $1,543 |
| 2 | State Farm | $1,600 |
| 3 | Nationwide | $1,937 |
| 4 | Progressive | $2,126 |
| 5 | Farmers | $2,449 |
| 6 | Allstate | $2,575 |
2016 Ford Mustang insurance rates
| Rank | Company | Average annual premium |
|---|---|---|
| 1 | State Farm | $1,430 |
| 2 | Geico | $1,432 |
| 3 | Nationwide | $1,900 |
| 4 | Progressive | $2,075 |
| 5 | Farmers | $2,373 |
| 6 | Allstate | $2,410 |
