Ford Mustang insurance group & average costs | Finder UK (2024)

The Ford Mustang is the flagship sports car offered by Ford. As with all high-performance vehicles, you can usually expect to pay more for your car insurance. In this guide, you’ll learn all you need to know about finding insurance for this car.

What insurance group does the Ford Mustang fall under?

Before they are made available to buy, all vehicles are given a specific insurance group that ranges from 1 (cheapest to insure) to 50 (most expensive). This helps insurers to determine the cost of your premium. Ford Mustang models range from insurance group 39 to 45, meaning the car insurance will be on the expensive side.

However, the costs will vary between different Ford Mustang insurance groups. This is due to the different factors related to the vehicle. As an example, a 30-year-old driver in an average postcode could pay around £993 for cover on a Ford Mustang 2.3 EcoBoost 291 2d that is in insurance group 10 or around £1,112 for a Ford Mustang 5.0 V8 55 Edition auto 2d that is in insurance group 45. This comparison is a solid example of the higher premiums you’ll face when your chosen model sits in a higher insurance group.

• These rates are based on the average cost of cover for cars in the insurance groups shown for drivers of different ages with a Newcastle (NE1) postcode, which our research suggests represents an average for insurance rates in the UK .

Ford Mustang insurance cost by location

Your address plays a significant role in the calculations used to determine your insurance premium. To highlight the difference your postcode can make, here are some average quotes for a 30-year-old living in three different locations. The quotes are for a Ford Mustang 5.0 V8 GT 449 2d.

• Expensive: £1,250 (London SE1)
• Average: £1,080 (Newcastle NE1)
• Cheap: £814 (Galashiels TD1)

• These rates are based on the average cost of cover for cars in the locations shown. Our research suggests SE1 is one of the most expensive locations, NE1 represents an average cost location and TD1 represents one of the cheapest locations .

What factors affect my Ford Mustang insurance rate?

Along with insurance group, there are a few other factors that play a significant role in determining your insurance premium costs:

• Engine type and capacity. Cars with larger engines will cost more to insure in most cases. This is because they cost more to repair or replace. For example, it may cost £993 to insure a Ford Mustang 2.3 EcoBoost 291 2d, while you may pay £1,112 to cover a Ford Mustang 5.0 V8 GT 440 auto 2d.
• Driver location. Here’s an example of how your location can affect your premiums. A 30-year-old in central London may pay £1,250 for insurance for a Ford mustang 5.0 V8 GT 2d, while the same 30-year-old in Newcastle may only pay £1,080. That £170 difference reflects the decreased likelihood of motorists based in Newcastle making a claim on their insurance compared to those in London.
• Driver age. The youngest drivers are the most likely to claim on their car insurance, which is why they have to pay far more to cover themselves. The average 20-year-old driver in London may pay £2,201 for the Ford Mustang Bullitt 5.0 V8 GT 2d, while the average 40-year-old Londoner will only pay £1,155. As you can see, the 20-year-old has to pay almost double just because of their age in this example. Our research suggests that’s fairly reflective of the price gap regardless of what vehicle they are trying to insure.

Other factors that influence the cost of your insurance include the following:

• The age of your car
• The model of your car
• Your car’s safety rating score
• Your car’s security and any extra anti-theft precautions
• Your annual mileage
• Your driving history and activity
• Your no claims discount
• Your credit history
• Your occupation
• Your marital status

How can I save on my Ford Mustang premiums?

It’s well worth your time to do what you can to reduce your car insurance premiums. There are a few tricks you can try to reduce your premiums significantly, and we’ve listed some of them below.

• Limit your car usage (where possible). Consider what journeys you can take by foot or public transport. By reducing your annual mileage, you’ll be deemed a lower risk to insurers and receive lower premium quotes.
• Pay annually rather than monthly. When you pay annually for car insurance, you lower your costs by eliminating the possibility of being charged interest on monthly instalments.
• Install extra safety precautions. The safer your car is, the less of a risk you’ll be considered for companies to insure. When you install safety precautions, your car insurance premiums tend to drop. As such, these features tend to pay for themselves.
• Don’t just accept your renewal quote. Shop around for the best deal from other companies, rather than settling for the renewal price given to you. There will usually be cheaper options out there!

Bottom line

The Ford Mustang is a classy and quality vehicle that delivers everything you could want from a sports car. You’ll pay a lot to insure it – way above the average rate. Still, at least the tips in this guide will help you help you cut your premiums somewhat.

Frequently asked questions

• Depending on the model version, Ford Mustangs can reach top speeds of 163 mph.

• The Ford Mustang made headlines when it only received two stars on its Euro NCAP crash test. Ford made some adjustments to the vehicle based on these tests, including the addition of standard pedestrian detection, forward collision warning, automatic emergency braking, lane-keeping assist and improved airbags. Euro NCAP responded by adding an extra star.

  The whole situation led to some motoring journalists questioning the fairness of the rating system, but it would appear to be clear that this vehicle isn’t as safe as other cars in its class.

• The UK standard car tax rate sits at £150 per year. However, you might pay more or less depending on your car’s emissions.

• The Mustang is available from dealerships and online sellers across the UK. It shouldn’t be too difficult to pick up a second-hand Mustang from a previous owner as the car has been around for some time.

• You have the choice between a 2.3-litre EcoBoost engine and a 5.0-litre V8 engine.

• You can compare the costs of insuring a Ford Mustang against other makes and models using any price comparison website.

• Yes, Ford Mustang models can be found in insurance groups ranging from 39-45, meaning they cost significantly more than the average vehicle to insure.