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Mustang Auto Insurance

Mustangs are the most iconic American muscle car, conjuring up images of speed, power, and the open road. Unfortunately, everything that makes Mustangs attractive to car enthusiasts makes them unattractive to insurance companies. So before you start planning your road-trips in your new ‘stang, make sure you do your research about Mustang insurance.

The History of Mustang

The first-generation Ford Mustang was launched in 1964. It was hugely successful, selling over a million units in 18 months. Sales plummeted with the 1971 model, which traded speed for luxury. But in 1974, Ford pivoted back to the iconic Mustang template, restoring the confidence of enthusiasts.

The third generation of Mustangs was based on a longer body that could comfortably fit four people. In 1979, the Mustang was named the Official Pace Car of the Indianapolis 500. (The rare Indy 500 Pace Car edition was released soon after, with only 10,000 units for sale.)

Mustang sales dipped in the ’80s. In fact, Ford was very close to doing away with the model entirely. Luckily, the Mustang was saved by fans who wrote letters to Ford, begging them not to scrap the Mustang line.

The latest generation of Mustangs burst onto the market in 2015. Boasting an independent rear suspension and modern stylings, the sixth-gen Mustang returns to its roots. Its power and style have made it one of the bestselling coupes worldwide.

Average Insurance Rates for Mustang Vehicles in Canada

Insurance companies take many factors into account when calculating insurance rates for cars. The make and model have a huge impact, especially for sports cars. However, a more significant factor is the age, experience, and driving history of the driver. Younger drivers often pay higher insurance rates, as do drivers with a poor driving record.

When insurance companies look at cars like the Mustang, they look at several things. These include:

  • Body type: two-door coupes that are designed for performance are usually more expensive to insure.
  • Theft: some cars are more likely to get stolen than others. Pony cars like the Mustang are often targets for theft, which can raise premiums.
  • Type of car: Mustangs are known as muscle-cars and are often driven aggressively. This makes them prone to accidents.
  • Safety rating: Modern Mustangs have excellent safety ratings, which helps to lower insurance rates.
  • Fuel type: Mustangs run on gas, which makes them cheaper to insure.

The average insurance rate for a Ford Mustang varies depending on the year of the car. 2009 models can be insured foran estimated average of $194/month, while the 2019 model will set you back an estimated average of $305/month.

Most Popular Mustang Vehicles

The current S550 Mustang remains one of the most popular sports coupes in the world. Ford has reported that the Mustang has been the top-selling coupe for the past four years, though sales have steadily been slowing down.

While modern Mustangs are selling well, they can’t compete with sales of older models. The 1965 Mustang is often rated as the most popular classic car when measured by insurance quoting activity.

Do Mustang’s Have a Good Safety Rating?

The most common safety standard in the auto industry is the National Highway Traffic Safety Administration (NHTSA) test. This measures how well a car performs in front and side collisions, as well as in rollover tests. These types of accidents are the most common and result in the most injuries on highways and roads.

Over the past three years, the 2015 Mustang has consistently received 5/5 for frontal crash, side crash, and rollover tests. It has also received a 9.7/10 safety rating from U.S News and World Report. This makes it one of the safest American muscle cars on the road today. This excellent safety rating helps keep insurance for Mustangs relatively low.

The Mustang comes with a number of safety features to keep drivers and passengers safe. These include front and side airbags, anti-lock brakes, overhead airbags, and stability control.

Compare & Save on Car Insurance Today!

Shopping around for car insurance can be a huge chore. There are many different insurance companies, and they all offer different products. It can be difficult to compare insurance policies. You need to take into account deductibles and limits, as well as monthly rates. Some insurance companies also offer discounts for car safety features and a good driving record.

When you shop around for insurance for Mustangs, make sure that you’re comparing policies with similar features. This will help you get an accurate picture of which insurance is best for you.

The easiest way to get quotes from several insurance companies is to use a service like MyChoice. You’ll be able to compare quotes from many different companies, side by side, helping you decide which one suits your needs the best.

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