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

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

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 does it cost to insurance a 2005 Mustang?

Average insurance rates for a 2005 Ford Mustang are $1,124 a year for full coverage. Comprehensive costs approximately $168, collision costs $246, and liability costs around $530. Buying a liability-only policy costs as low as $584 a year, with high-risk insurance costing around $2,420.

Is insurance high on a Mustang?

The average Ford Mustang insurance rates are around $147 more per year than the average vehicle. Full coverage insurance on a Mustang costs about $139 per month or $1,666 annually.

Why is Mustang insurance so high? reports that Mustang insurance usually costs more than other vehicles’ coverage because these sports cars have more expensive parts. Providers balance the higher risk with a higher insurance cost. The high rate of theft for sports cars such as Mustangs influences their insurance premiums.

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 car insurance cost for a 16 year old?

In the eyes of an insurance company, that means more risk and a greater need for financial protection, i.e., higher premiums. It shouldn’t come as a surprise that the average 16-year-old in 2019 paid an annual premium of $6,647 for insurance compared to the national average of $1,548.

How much is car insurance for a 22 year old male and female?

How much is car insurance for a 22-year-old male and female? Age 22 Average Rate Female Average Rate Male Liability Only – State Minimum BI/PD $809 $863 Liability Only – 50/100/50 BI/PD $811 $972 Full Coverage – 100/300/100 BI/PD – 500 $2,364 $2,642

Do you pay more for car insurance if you are male?

Yet despite the EU directive which prohibits insurers from assessing a driver’s risk based on their gender, male drivers are still paying more on average than female drivers.