How much is insurance for a 16 year old with a Mustang GT?

How Does Age Affect Mustang Insurance Rates? Mustang insurance is even more expensive for younger drivers, specifically those who are under the age of 18 years. According to ValuePenguin, the average annual rate to insure a Ford Mustang for a 16-year-old driver is $5948 for a six-month policy.

How much is insurance for a 17 year old with a Mustang?

How much is insurance for a 16 year old with a Mustang?

Age	Cost Per Month	Cost Per Year
17	$396	$4,750
18	$292	$3,500
19	$271	$3,250
20	$250	$3,000

Is insurance higher on Mustangs?

Cover.com reports that Mustang insurance usually costs more than other vehicles’ coverage because these sports cars have more expensive parts. If you get in an accident, your Mustang will cost more to repair than a less expensive vehicle. Mustangs that have larger engines with higher horsepower cost more to insure.

Why are Mustangs so expensive to insure?

Insurance may cost more for Mustangs because this type of car may be associated with higher rates of traffic fatalities. However, your auto insurance rate is determined by many additional factors that may make your policy more or less affordable.

Is a Mustang a bad first car?

Yes, the Mustang is a great choice for a first car. Your first car should be within your budget, fast but not too fast, and comfortable to begin to create loving memories with. The Mustang meets all these requirements as well as being an attractive and fun car to look at and to drive.

Why do Mustangs handle so bad?

Some Mustangs have an open differential rather than the advanced and preferred for performance cars, limited slip differential. When a tyre loses traction, an open diff sends power to the wheel with the least amount of resistance, and when drivers lose traction they lose more control of their car.

How much does insurance cost for a Ford Mustang?

We collected hundreds of insurance quotes for Ford Mustangs and found that the average cost of car insurance for a Ford Mustang is $1,254 for a six-month policy for a 30-year-old driver. However, coverage is much more expensive for young drivers: A 16-year-old can expect to pay $5,948 for Mustang insurance.

How much does it cost to insure a teen driver?

Teen drivers cost the most to insure at up to $6,128 a year. Rate estimates include $500 deductibles, 30/60 liability limits, and includes uninsured motorist coverage.

Which is the best insurance for a 16 year old?

For young drivers, high costs aren’t the only barrier to getting coverage—some car insurance companies don’t sell policies to minors at all. For example, Geico consistently offered the cheapest prices overall, but the company won’t sell a policy directly to a minor. The best price for our sample 16-year-old was with State Farm.

What are the safety features of a Ford Mustang?

Some of the Ford Mustang’s best safety features include electronic stability control, traction control, lane departure warning, and lane-keeping assist. Check out the 2021 Ford Mustang Coupe safety ratings below as scored by the Insurance Institute for Highway Safety (IIHS).

How much is insurance for a 16 year old with a Mustang GT? How Does Age Affect Mustang Insurance Rates? Mustang insurance is even more expensive for younger drivers, specifically those who are under the age of 18 years. According to ValuePenguin, the average annual rate to insure a Ford Mustang for a 16-year-old driver…