A Ford Mustang Mach-E costs more than most other SUVs to insure.
Liability only insurance rates for a Mustang Mach-E average around $73 per month, while full coverage normally tends to be about $177.
Gainsco offers the most affordable average rates for a Mustang Mach-E with liability only coverage offered for as cheap as $27 a month.
In This Article
Mustang Mach-E Overview
With a base price of $43,895 for new 2021 models, the Ford Mustang Mach-E is a great choice for a mid-level SUV. Drive off the dealership lot in style, with four different trim options available.
After analyzing thousands of auto insurance quotes through Compare.com, we've found that average Ford Mustang Mach-E car insurance costs run around $142 monthly. How do insurance premiums for the Mustang Mach-E stack up against other similar SUVs?
|Current Base Price||$43,895|
|Trim Levels||SELECT, CALIFORNIA ROUTE 1, PREMIUM, GT|
|Average Insurance Premium||$142/mo.|
|Cheapest Insurance Company||Gainsco|
How Much is Car Insurance for a Ford Mustang Mach-E?
|Vehicle||Liability Only||Full Coverage|
|Ford Mustang Mach-E||$73||$177|
|All Ford Models||$78||$162|
|Average Insurance Premium||$81||$169|
Based on the table above, Ford Mustang Mach-E insurance prices are right about average compared to other vehicles on the road. On average, Mustang Mach-E drivers will pay around $177 per month for full coverage, which has comprehensive and collision coverages in addition to liability, and about $73 a month for liability only insurance (our guide, "State Minimum vs. Full Coverage", can give you more information on these different types of insurance).
Compared to other models, the Mustang Mach-E is slightly more expensive, with premiums more than 5% higher than other vehicles in Ford's lineup. Compared to SUV offerings from other brands, auto insurance for a Mustang Mach-E runs close to average, with full coverage insurance rates coming in at 16% higher than other SUVs and liability insurance costs at 10% cheaper.
When compared to all vehicles, regardless of model, make, or body style, the Mustang Mach-E follows a similar pattern of having average insurance prices.
Who has the Cheapest Car Insurance for a Ford Mustang Mach-E?
|Insurance Company||Average Monthly Premium|
Looking for a auto insurance policy for your Ford Mustang Mach-E? You're probably most interested in which carrier offers the cheapest rates. Even though there will never be one company that offers the lowest rates for everyone, the lowest average rates for liability only insurance are sometimes just $27 a month from Gainsco. The runner up for cheapest rates is Aspire, with car insurance polices starting as cheap as just $33 per month.
Kemper, Sun Coast, and Jupiter round out the end of the top 5 list. But just because these five companies offer the lowest average rates doesn't necessarily mean they'll be the cheapest for you.
After all, auto insurance carriers look at a whole range of variables when calculating rates, so your results might be different. By getting quotes from an array of insurance companies at once, you can rest easy knowing that you're finding the most affordable rate.
What Factors Affect Car Insurance Rates for a Ford Mustang Mach-E?
There are many factors that car insurance carriers use to calculate how much they charge you for a policy -- and every carrier uses a different method, so there's not just one company that's the cheapest for each Mustang Mach-E owner.
The following sections show several things insurance companies use to decide rates:
|Vehicle Age||Average Monthly Premium|
|Less than 1 Year||$73|
|2-3 Years||Not Enough Data|
|4-5 Years||Not Enough Data|
|6-7 Years||Not Enough Data|
|8-10 Years||Not Enough Data|
|11-14 Years||Not Enough Data|
|15 Years or Older||Not Enough Data|
Since the Ford Mustang Mach-E has only been around for one model year, vehicle age won't come into play the same way it might for other vehicles. Normally, newer cars are going to cost more to insure because they're worth more, but as they age, insurance costs will gradually get lower.
Next year, we'll know more about the differences in rates for each model year, but for now we see that a Mustang Mach-E less than one year old will be around $73 monthly to insure.
|Age||Average Monthly Premium|
|Under 18||Not Enough Data|
|45-54||Not Enough Data|
|55-64||Not Enough Data|
|65 or Older||Not Enough Data|
Your age is another variable that plays a significant role in how much you pay for auto insurance. Because the Ford Mustang Mach-E is pretty new to the market, we're just starting to collect data on how age is affecting car insurance prices. So far, based on the table above, those with more experience on the road pay less compared to teenage Mustang Mach-E drivers. Ford Mustang Mach-E drivers between 18 and 24 actually pay $40 more than those 25 or older.
Insurance prices continue to decrease as you get older, with the cheapest age group being 35-44 for Mustang Mach-E drivers.
|Gender||Average Monthly Premium|
Because women are less likely to get speeding tickets and get into collisions, they have a lower chance of filing a claim with insurance. So, insurance carriers will often charge women less than men. The Ford Mustang Mach-E follows this convention, and women pay about $54 a month for insurance and men pay around $77.
Where You Live
|State||Average Monthly Premium|
You may think it's obvious that factors such as how old you are and what vehicle you drive play a role in your auto insurance costs, but you may not realize that where you live can matter just as much. Because car insurance is regulated on a state-by-state basis, premiums change quite a bit from state to state.
Because the Mustang Mach-E is a relatively new vehicle, our data on all 50 states are somewhat limited. Even so, you can see in the table above that New York has rates that are significantly more expensive than other states, like California.
Ford Mustang Mach-E Car Insurance Discounts
No matter what vehicle you drive, where you live, or how old you are, using as many discounts as possible when it comes to your insurance is always important when shopping around for a new policy.
Even though all car insurance companies offer their own unique discounts, there are a few different ones that you'll find with most carriers. These include discounts like:
- Vehicle safety discounts for having a vehicle with certain safety features (like air bags or anti-lock brakes) or one with higher than average safety ratings
- Defensive driving discounts for taking a defensive driving class from a certified school or institution
- Multi-policy discounts for bundling your home and auto policies with the same carrier
- Pay-in-full discounts for choosing to pay your entire policy rate up front, rather than by monthly payments
These discounts are great, but they aren't the only way to save money on your car insurance bill.
You obviously can't control every single aspect of your auto insurance profile (like some of the pieces we mentioned above), but there is quite a bit that you do have control over. Below are just a few of the variables you can use to your favor in order to save money on insurance:
Your Driving Record
|Infractions||Average Monthly Premium|
|Multiple Accidents||Not Enough Data|
|1 Ticket||Not Enough Data|
|Multiple Tickets||Not Enough Data|
You've probably observed ads from auto insurance companies offering hefty discounts for safe drivers. It follows that your car insurance prices will get higher if you get into an accident or get a ticket for speeding. But how much will they cost you?
Unfortunately, we don't have enough data on file for Ford Mustang Mach-E drivers specifically, since it is a relatively new vehicle. However, we'll have a better idea of how much infractions will cost Mustang Mach-E owners when it comes to insurance as we see more and more of these on the road.
How Much You Drive
|Annual Mileage||Average Monthly Premium|
How much you drive each year affects your car insurance rates. Those who drive less have fewer opportunities to get into an accident, so they'll typically end up paying less for auto insurance. Since the Ford Mustang Mach-E is a new SUV, our data is relatively limited, so we don't yet know how much annual driving distance will affect premiums.
But if you're one of those drivers who don't put very many miles on your Ford Mustang Mach-E each year, you might consider choosing a usage-based or pay-per-mile insurance policy. With these kinds of policies, you pay a small base rate each month, with your final monthly bill being calculated based on how many miles you drove.
How Do Ford Mustang Mach-Es Compare to Other Vehicles?
If you're considering buying a new SUV and a Ford Mustang Mach-E is on your shortlist, you might be wondering how it compares to other cars. Auto insurance is just one cost that's associated with a new car purchase, but it's guaranteed to be one that's worth taking into consideration.
Review the table below to see how the Ford Mustang Mach-E stacks up:
|Ford Mustang Mach-E||National Average|
|Full Coverage Insurance||$177||$169|
|Average Annual Mileage||9,631||11,681|
As you can see, the Ford Mustang Mach-E is pretty much in line with the average vehicle price here in the U.S. The Mustang Mach-E comes in at $43,895, close to the national average vehicle MSRP of $46,228.
Full coverage insurance for a Ford Mustang Mach-E is about $8 monthly more expensive than average, while liability only coverage is $8 cheaper a month.
When it comes to usage, Ford Mustang Mach-E drivers are far from the national average in annual miles driven, with 9,631 miles every year compared to 11,681 for all vehicles.
Ford Mustang Mach-E Car Insurance Costs by Model Year
Thus far, you've seen how different things affect how much the average driver pays to insure a Ford Mustang Mach-E. If you're considering buying a new vehicle and the Mustang Mach-E is one you're thinking about, knowing how much your vehicle will likely cost can be extremely helpful as you weigh your options.
So we've done the heavy lifting and analyzed Ford Mustang Mach-E car insurance costs by model year. Simply find the model year you want in the dropdown to see average rates for both liability only and full coverage options. You'll also find some other helpful info, like base price, available trims, and even the cheapest insurance company for each Mustang Mach-E model year.
2021 Ford Mustang Mach-E Car Insurance
|Liability Only Avg. Premium||$73|
|Full Coverage Avg. Premium||$177|
|Cheapest Insurance Company||Gainsco - $27/mo.|
|Available Trims||CALIFORNIA ROUTE 1, GT, PREMIUM, SELECT|
If you're searching for a brand new Ford Mustang Mach-E, you're looking at a starting price of $43,895, but with four different trim levels available on this year's Mustang Mach-E, the price can vary quite a bit.
The average 2021 Ford Mustang Mach-E generally costs around $177 per month for full coverage and $73 monthly for a liability only policy. And if you want the lowest insurance possible, Gainsco offers liability only policies for as little as just $27 a month.
Although it helps to know the average price drivers pay to insure a 2021 Mustang Mach-E, you'll never know exactly how much you'll pay without getting a personalized quote. With Compare.com, you can gather lots of quotes at once, all for free. Simply enter your ZIP code below to get started.
Ford Mustang Mach-E Insurance FAQs
Is a Ford Mustang Mach-E expensive to insure?
Liability insurance runs an average of $73 per month, while full coverage will cost you around $177. The Ford Mustang Mach-E is relatively expensive to insure compared to the average vehicle.
How can I get the best price on car insurance for my Ford Mustang Mach-E?
There's only one way to be sure you're getting the most affordable rates -- regularly shopping around and comparing quotes from a whole range of carriers. A good rule of thumb is to get quotes every 6 months or so. Luckily, sites like Compare.com let you compare rates from multiple companies at once, meaning you can find the lowest rates (or guarantee you already have the best deal) in just a few minutes.
Does the color of my Ford Mustang Mach-E affect my insurance premiums?
You've probably heard the old adage that it costs more to insure a red car than cars of other colors, but that's actually not true. There are a bunch of factors auto insurance carriers examine when they offer prices, but your car's color is not factored into that equation.
Do I need to have insurance before I buy a Ford Mustang Mach-E?
Before you can legally drive your new (or new to you) Mustang Mach-E off the dealership lot, you'll need to have valid insurance for it. Some dealerships will offer you one during the purchase process, but the best thing to do when buying a SUV is to let your car insurance carrier know before you buy.
What car insurance discounts can I get for my Ford Mustang Mach-E?
You will find lots of different discounts out there when it comes to auto insurance. Many of them (like "safe driver discounts" and "multi-vehicle discounts") are based less on your vehicle and more on you, but if your Mustang Mach-E has safety features like anti-theft systems, airbags, anti-lock brakes, and other features, it may be eligible for certain discounts. To learn more about which discounts you might qualify for, reach out to your insurance company and ask about which discounts they offer.