Is insurance high on Mustang GT?

Do Mustangs have high insurance?

Compare the Cost of Ford Mustang Insurance by Model Year and Company. MoneyGeek found that the average cost of insuring a Ford Mustang is $1,571 per year. While not as expensive to insure as some luxury cars, Ford Mustang insurance costs are higher than average by $144 per year.

Are Mustangs bad on insurance?

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 one contributing factor to your overall insurance rates.

How much is insurance on a Mustang for a 18 year old?

Insuring a Mustang for an 18-year-old typically costs between $3,281 and $10,411 per year. Young drivers are considered to be a higher risk than those over the age of 26.

How much is insurance on a Mustang for a 16 year old?

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.

How much will a Mustang raise my insurance?

The average Ford Mustang insurance rates are around $147 more per year than the average vehicle. Full coverage insurance on a Mustang costs about $139 per month or $1,666 annually.

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How much is insurance for a Mustang GT for a 19 year old?

How much is insurance for a 16 year old with a Mustang?

Age Cost Per Month Cost Per Year
16 $500 $6,000
17 $396 $4,750
18 $292 $3,500
19 $271 $3,250

Are Mustangs cheap to maintain?

Overall – the Ford Mustang has yearly car maintenance costs total to $709 . … Given that the Ford Mustang has an average of $709 and that the average vehicle costs $651 annual — the Mustang is substantially cheaper to maintain.

What is Mustang insurance like?

We collected hundreds of quotes and found that the average cost of car insurance for a Ford Mustang is $209 per month for a 30-year-old driver. However, coverage is much more expensive for young drivers: A 16-year-old can expect to pay $5,948 for Mustang insurance.

Do Mustangs get stolen?

The National Insurance Crime Bureau (NICB) released a top ten list for thefts of sporty cars from the 2010 to 2012 model years and found that the Camaro, Mustang, and Challenger are the most stolen. … The Camaro is first with 1,509 vehicles stolen, followed by the Mustang with 980 vehicles.