Ford Mustang insurance costs

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Average Ford Mustang insurance costs

The average comprehensive insurance policy for a Ford Mustang is $156 a month, or $1,644 a year. Your actual cost could be higher or lower depending on your driving record, the number of kilometres you drive in a year and other factors. To determine our estimated cost, we aggregated quotes from 5 insurance companies using this profile:

  • 2017 Ford Mustang
  • More than 30,000 kilometres driven yearly
  • No accidents in the past five years
  • Driver located in Sydney
  • Car parked in garage at night
  • Black vehicle

About the Ford Mustang

Ford Mustang Insurance FinderThe Ford Mustang has been around since 1965 and is currently in its sixth generation. The sports car provides a range of strong engines and is known for its comfortable ride, luxurious cabin and sleek appearance. Until 2015, all Australian Mustangs were originally built as left-hand drives and later converted to right-hand steering. Shortly before the similar Ford Falcon went out of production in Australia in 2016, Ford started building right-handed Mustangs for the Australian market. Insurance companies determine the insurance cost for a Ford Mustang based on safety ratings, theft rates, replacement costs and overall damage susceptibility. Insurance rates can change based on a driver's history and location. Ford shoppers should grab quotes from several insurance companies to find the lowest premium possible before they commit. Ford Mustang shoppers should also do their research and see if they qualify for insurance discounts with each insurance company.


Compare insurance providers that cover the Ford Mustang

Name Product Roadside Assistance Accidental Damage Storm Choice of Repairer Agreed or Market Value
Budget Direct Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: Awarded the 2019 Finder Award for the Best Value Car Insurance, this policy offers solid coverage at a low cost. Budget Direct’s claims service has received a 4.2/5 based on nearly 5,000 customer reviews.

Who it might be good for: People who want a comprehensive policy without breaking the bank.
Bingle Comprehensive
Market
Finder's summary: Bingle consistently comes up as one of the cheaper insurers out there. It only covers the basics, so you don't get to choose your own repairer, you're not covered for personal items in the car and you won't get a hire car if your car is stolen. But this keeps its premiums low.

Who it might be good for: Someone who wants a low-cost option that covers them for the basics.
Coles Comprehensive
Optional
Agreed or Market
Finder's summary: Coles have two-tiers of comprehensive car insurance to choose from. You'll earn double flybuys points at Coles supermarkets and you can get $10 off your Coles grocery bill every time you redeem 2,000 Flybuys points. If you're over 30, you can get roadside assistance free for a year.

Who it might be good for: Coles customers and Flybuys collectors.
Virgin Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: Finalists for the 2019 Finder Awards for Best Value Car Insurance, Virgin Comprehensive provides a good level of cover for a decent price. Get 15% off on your first year’s premium when you purchase a new eligible comprehensive car insurance online. T&Cs Apply.
Poncho Comprehensive
Agreed
Finder's summary: Poncho works like a monthly subscription – you pay monthly and can cancel and leave at any time. You can also list multiple cars and drivers under one policy, making it ideal for families and groups living together under one household.

Who it might be good for: People who want their car insurance month to month.
Qantas Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: You'll be able to pick and choose how comprehensive you want your cover to be with optional extras like roadside assistance, choice of your own repairer and the option of agreed or market value. Plus earn Qantas Points for joining and paying your premium. Sign up by 28 February 2021, you can earn up to 40,000 Qantas Points (points awarded will be based on your premium). T&Cs and eligibility apply.

Who it might be good for: People who love collecting frequent flyer points.
Youi Comprehensive
Optional
Agreed or Market
Finder's summary: Youi Comprehensive Car Insurance is one of the few providers to include roadside assistance in its policy. You'll also get access to YouiRewards which gives you discounts on furniture, parking and more. Youi also has a live chat feature on its site to talk through any questions.

Who it might be good for: People over 25 who want comprehensive cover with a focus on customer service
Stella Comprehensive
Optional
Agreed or Market
Finder's summary: Stella’s a female-focused insurer. It'll cover you if your car is damaged as a result of domestic violence. It offers higher cover for baby gear than most, with up to $2,000 cover for prams, strollers and child seats. You get a free Bauer magazine subscription when you sign up and a portion of your premiums go to supporting female-led businesses.

Who it might be good for: Someone who wants a female-centred car insurance policy (it will cover men too).
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Compare up to 4 providers

Random Ford Facts

  • Ford was founded in 1903. The first model was sold that same year for $850.
  • Ford is the fifth largest automotive company in the world.
  • A descendant of Henry Ford is currently the executive chairman of Ford.
  • The Australian Ford Falcon (now retired) and the Ford Mustang were both based off an older model of vehicle, also called the Ford Falcon.
  • Ford was the sixth highest selling automotive brand in Australia in 2017, with 78,161 cars sold.

How does the Ford Mustang compare?

Various 2017 Ford models range in price from $11,110 to $75,570. The 2017 Mustang sits at the higher end of that with a base price of $42,888 up to $66,110. With the average insurance rate at $1,644 per year, the annual insurance cost–to–base car price ratio is 3.8%.


How safe is the Ford Mustang?

The Ford Mustang received a 2-Star overall safety rating from the Australasian New Car Assessment Program (ANCAP). While it received a perfect score of 8 out of 8 for its side impact crash test and a good 6.91 out of 8 for its frontal offset crash test, it was penalised for its low scores regarding child occupant protection, pedestrian protection and safety assist. The Ford Mustang has side airbags and a driver knee airbag to protect the passengers during collisions. The latest model also features anti-lock brakes and rollover sensor to provide more safety for the passengers.


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