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.3 dic 2021
Why are Mustangs so expensive to insure?
Cover.com reports that Mustang insurance usually costs more than other vehicles' coverage because these sports cars have more expensive parts. If you get in an accident, your Mustang will cost more to repair than a less expensive vehicle.20 may 2021
Is a Mustang considered a sports car for insurance?
Yes, any Mustang, regardless of engine size or number of cylinders is considered a sports car. Ford Motor Company lists the Mustang as part of their sports performance models, and this description is what most insurance companies look at when insuring a vehicle.
How much is insurance on a Mustang for a 19 year old?
Age Cost Per Month Cost Per Year
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16 $500 $6,000
17 $396 $4,750
18 $292 $3,500
19 $271 $3,250
How much would insurance be for a 18 year old with a Mustang?
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.
Is a Mustang a bad first car?
But is a Mustang a good first car? A Mustang is not a good first car to buy. They're expensive to maintain and insure, have poor gas mileage, and don't handle well in bad weather conditions. They also encourage inexperienced drivers to race outside of their skill limit.17 may 2021
Do Mustangs have expensive insurance?
While not as expensive to insure as some luxury cars, Ford Mustang insurance costs are higher than average by $144 per year. Rates can vary depending on your insurer and the model year of your car, so you should shop around to ensure that you get the best deal possible.3 dic 2021
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.3 may 2021
Does a Mustang count as a sports car?
The definition of a sports car is more generic, but some sports car characteristics certainly apply to today's Mustang and even some of the 1960s era Shelby Mustangs too. ... A sports car, like the Chevy Corvette or the Mustang GT would do well cornering on a track, thus they qualify as sports cars.30 ene 2020
Is a Mustang more expensive to insure?
Insurance companies use crash statistics to assess which models are more likely to be involved in an accident. Sports cars, like the Ford Mustang, generally cost more to insure because insurance companies might consider their drivers more likely to drive recklessly.18 nov 2021
What qualifies as a sports car for insurance?
A sports car is typically designated as a vehicle that has a higher horsepower engine, two seats, and generally a smaller overall size. This is a broad definition, however, as there is no standard set of rules for classification.20 oct 2021