Rtr Mustang Insurance: Ford Mustang Variant?

The RTR Mustang is a Ford Mustang with modifications by RTR Vehicles. As such, it is considered a Ford Mustang for insurance purposes. The cost of insurance for a Ford Mustang varies depending on the age of the car and the driver, the model, and the trim level. For example, the average insurance cost of a Mustang is $170 monthly or $2,000 yearly, but this can range from $1,200 to $2,500 a year. Mustang insurance is particularly expensive for younger drivers, with a 16-year-old driver paying on average $6,000 a year for insurance.

Mustang insurance is more expensive for younger drivers

For example, according to ValuePenguin, the average annual rate to insure a Ford Mustang for a 16-year-old driver is $5,948 for a six-month policy, which is approximately five times the rate of a 30-year-old driver with the same vehicle. A 20-year-old can expect to pay $9,560 per year for full coverage, which is more than double what a 30-year-old will pay.

The cheapest Mustang insurance quotes are often for older Mustang models, as the value of the vehicle is lower, reducing the cost of coverage.

Mustang insurance costs vary by model

The cost of insuring a Ford Mustang varies depending on the model, the driver's age, and other factors. Mustang insurance costs can range from $1,200 to $2,500 per year on average, with the average being $2,000 per year, or $174 per month. The cheapest Mustang insurance is typically on the Ecoboost Fastback model, while the Dark Horse Premium model is the most expensive.

The cost of Mustang insurance is also influenced by the driver's age, with younger and less experienced drivers paying more. For example, a 16-year-old driver can expect to pay around $5,948 for six-month coverage, while a 30-year-old driver may pay around $2,235 for the same period. The cost of Mustang insurance also varies by state, with rates ranging from $1,823 to $2,576 per year for large US insurance companies.

When compared to other sports cars, the Ford Mustang is one of the cheaper options to insure. The Mustang's safety features and crash test ratings may also help lower insurance costs. Additionally, the Mustang has a low average repair cost, which can positively impact insurance rates.

To get the best rates on Mustang insurance, it is recommended to compare quotes from multiple insurance providers and to take advantage of any available discounts, such as those for good driving records or bundling policies.

Mustang insurance costs vary by insurance company

Mustang Insurance Costs by Company

The cheapest Mustang insurance is offered by Progressive and GEICO. The average rates for a 2024 Ford Mustang with these companies are $1,733 and $1,823, respectively. State Farm, Liberty Mutual, and Nationwide are slightly more expensive, with average rates of $2,215, $2,278, and $2,280, respectively.

USAA also offers competitive rates, but their policies are only available to active military, veterans, and their families.

Mustang Insurance Costs by Model

The cost of Mustang insurance also depends on the model. The cheapest model to insure is the Mustang Ecoboost Fastback, at $1,788 per year, while the most expensive is the Dark Horse Premium, at $2,274 per year.

Mustang Insurance Costs by Age

Younger drivers tend to pay more for Mustang insurance than older drivers. A 16-year-old driver can expect to pay around $7,400 per year, while a 30-year-old driver may pay around $2,000 per year. The cost of insurance decreases with age, with drivers over 65 typically getting the cheapest coverage.

Mustang Insurance Costs by Driving Record

Your driving record can also impact your Mustang insurance costs. Maintaining a clean driving record without any tickets, accidents, or claims can help keep your insurance costs low.

Mustang Insurance Costs by Safety Features

The safety features of your Mustang can also affect your insurance costs. While safety features like rearview cameras, lane-keeping systems, and blind-spot information systems may lead to lower premium rates, the cost of repairing these high-technology features when they are damaged may offset some of the savings.

Mustang insurance costs vary by driver's gender

Mustang insurance costs vary depending on the driver's age and gender. Generally, younger drivers pay more for Mustang insurance than older drivers. Mustang insurance is particularly expensive for teenagers and young drivers under 25, who are considered high-risk. Drivers over 35 typically get the best coverage rates, while drivers over 65 usually get the cheapest coverage.

According to ValuePenguin, a 16-year-old male driver can expect to pay around $7,400 per year or $617 per month for full coverage on a Ford Mustang. A 16-year-old female driver will pay less, at approximately $576 per month or $6,913 per year. An 18-year-old male driver will pay around $6,393 per year or $533 per month for Mustang insurance. Mustang insurance for a 20-year-old male driver costs around $9,560 per year for full coverage.

For older drivers, the average cost of Mustang insurance is $329 per month or $2,488 per year for a 30-year-old driver. The cheapest Mustang insurance rates for a 30-year-old driver are offered by Geico, at an average of $232 per month.

Mustang insurance costs also vary depending on the specific model and trim level of the car. For example, the Mustang GT, the more powerful variant of the Mustang, costs around $3,955 per year to insure with full coverage. The Mustang EcoBoost, a less powerful model, has an average insurance cost of $1,799 per year. The cost of Mustang insurance also depends on the driver's location, with geographic location impacting the amount paid for auto insurance.

Mustang insurance costs vary by state

Mustang insurance costs vary depending on the state you live in and your age. The average insurance cost of a Mustang is $170 monthly or $2,000 yearly, however, the average range is between $1,200 and $2,500 a year. The national average cost of car insurance is $622 per year for minimum coverage and $2,014 for full coverage. Mustang owners pay an average of $2,488 per year for full coverage, 24% higher than the national average. Minimum coverage for a Mustang is a more reasonable $602 per year.

The cost of Mustang insurance also depends on the driver's age. Mustang insurance is more expensive for younger, less-experienced drivers. A 16-year-old can expect to pay $1,527 per month for Mustang insurance, while a 30-year-old driver will pay around $329 per month. Mustang insurance for an 18-year-old costs around $1,176 per month, and for a 20-year-old, it will be approximately $9,560 per year. Mustang insurance costs decrease as the driver gets older.

The cost of Mustang insurance also varies by model year and trim level. For example, the 2024 Mustang Ecoboost Fastback trim level costs around $1,788 per year to insure, while the Dark Horse Premium trim level costs around $2,274 annually. Mustang insurance for older models, such as the 2013 Ford Mustang, can be as low as $1,178 per year.

The cheapest Mustang insurance providers include GEICO, with an average quote of $232 per month, and Progressive, with an average rate of $1,733 per year. Other insurance companies with relatively low rates for Mustang insurance include Erie, Amica, and USAA.

Frequently asked questions