Contents
How to Insure Your Ford Mustang GT Car Cost?
The Ford Motor Company was founded by Henry Ford, one of the richest and well-known people of his own time.
Some facts about Ford
Ford Motor Company is well-known and has been around for over 116 years, creating vehicles and aircraft.
Ford was one of the most important companies that stood out from the crowd of companies, and now it is the second biggest American-based company after General Motors.
About Ford Mustang GT
Ford Mustang GT is the sixth generation of Mustang line that was unveiled on December 5, 2013, in Michigan, New York, Los Angeles, California, Barcelona, China, and Australia. The Mustang earned a five-star from the National Highway Traffic Safety Administration (NHTSA) for the front, side, and rollover crash protection, in 2015.
Mustang GT is the fifth-best-selling Ford car nameplate. The Mustang was developed as a line of sporty coupes and convertibles and recognized by its “long hood, short deck” proportions.
Ford Mustang GT insurance rates in the U.S.
The insurance providers charge you $209 per month ($2,508 annually), on average, to insure this sports car for a good driver with no claim history and good credit score. GEICO offers the cheapest rates overall for Mustang GT insurance, with just $804 for six months coverage, which means 36% cheaper than the average rate.
Altogether, insurance expenses for a Mustang GT cost an extra $44 every month compared to an average insurance cost for all vehicles.
How to Insure Your Ford Ka Car?
How safe is the GT?
Just like many other sports cars, the Ford GT has not been evaluated by the Insurance Institute for Highway Safety (IIHS) and the National Highway Traffic Safety Administration (NHTSA) for safety ratings.
Basically, Ford Mustangs are considered high-risk sports cars, so your insurance provider may charge you a bit more.
Your personal driving record is one of the two most significant factors that insurance companies use to calculate the price of coverage you choose.
If you’re driving an older Mustang, then your premium is going to be cheaper than a brand-new 2020+ Ford Mustang.
Cars with larger engines will cost more to insure in most cases because they cost more to repair or replace.
Age is the other major factor. Obviously, the younger you are, the more you have to pay for car insurance due to the fact that you are less experienced and are more likely to crash or b involved in a collision.
If you use your car often, the risk of getting in an accident increases, and as a result, you’ll have to pay more for insurance.
Statistically, women tend to be involved with fewer severe accidents than men, which results in women less for car insurance than men because insurers look at in statistics mostly.
Your postal code also significantly impacts your insurance rates; for example, in an urban area, the risk of accident or theft is higher, so you have to pay a higher premium.
The risk of theft, vandalism, fire, etc., happening to your vehicle in a garage is low rather than parking in the street. If you garage your car, you can be qualified for a discount.
The discounts GT qualify for
The safety features listed below can make your vehicle eligible for auto insurance discounts.
- Anti-lock brakes
- Stability control
- Airbags
- Seatbelt pretensioners
- Anti-theft system
How to Insure Your Ford Mustang Car
The best insurance companies for Mustang GT drivers in the U.S.
Last words
There are three things you must consider when you’re shopping around for a policy for your Mustang GT.
- Price
- Minimum coverage
- Deductibles
These three factors can help you makes your decision easier and faster.
