2002 Ford Mustang - car insurance quotes

How much does it cost to insure a  Ford Mustang Convertible 4.601 cc in 2023?

---

The average insurance rate is at $2,485 per year for  adults, $4,122 for  teens and $2,061 for  senior drivers.

How much does 2002 Ford Mustang car insurance cost, what is the true cost to own this vehicle in your state and how can you save money on your policy in 2023? Ford Mustang (Convertible) car insurance rates may vary for the same coverage depending on your location, driving history or by your age, but the types of coverage are basically the same and differs only in details. The average insurance price of a used Ford Mustang is above $173 a month ($2.070 yearly), depending on many variables like your credit score, place you live, driver record and the type and model of Ford you drive (https://www.ford.com/)! Your actual auto insurance costs could be higher or lower, if your car will be equipped with a number of modern safety and driver assistance features. A typical full coverage insurance policy for your Ford model with 395 engine should cover liability for injuries or damages, comprehensive coverage that covers damage to your car caused by events that are out of your control and collision (optional - helps pay to repair or replace your Ford Mustang if it's damaged in a traffic accident with another car or object), and finally uninsured motorist and medical coverage.

On average, car insurance cost for a 2002 Ford Mustang is $173 a month, which is around $2.070 a year. Get personalised quotes from multiple insurance companies using our FREE service!

How does age of your car affect car insurance costs?

2002 Ford Mustang is a 22 years old vehicle. Older vehicles are typically cheaper to insure because they’re less valuable than newer models. On the other hand, newer models of Mustang (2002) are eligible for many discounts for vehicles loaded with a long list of safety features, technology, anti-theft and driver assistance equipement. The most important safety features, that can earn you an auto insurance discount and are a standard on all modern Mustang cars include: anti-lock braking systems (ABS), automatic seatbelts, air bags and traction control.

---

Your vehicle's performance is another important factor that determines your auto insurance rates. Ford Mustang, Convertible has engine power of 4601 cc, which means it's a high performance car. The downside is that high-powered vehicles are often considered more dangerous and therefore may increase premium rates.

Insurance Company	New Vehicles *	Used Vehicles *
Allied	$1,528	$1,472
GEICO	$1,123	$1,031
Nationwide	$1,638	$1,288
Progressive	$681	$552
State Farm	$920	$681
Texas Farm Bureau	$1,528	$1,233
USAA	$1,215	$1,031
* Rough estimate for a new vs 22 years old used Ford Mustang, Convertible. Your insurance premium will always depend on your driving history, the level of coverage and on the exact models of vehicles you're comparing!

Compare 2002 Ford Mustang car insurance quotes and find out who has the cheapest rates in 2023!

Finding the most affordable car insurance for your Ford, Mustang is not as hard as it used to be in the past. Here are some facts, that can help you lower auto insurance costs for your model of Ford (made in 2002) at the best possible rate while maintaining adequate coverage. Choosing top-rated insurer near you, who provides perfect customer services and competitive prices, should be the first step when shopping for better policy. Below are some tips and tricks to help you get affordable Ford Mustang auto insurance quotes in 2023 and save money on your vehicle. The truth is that every driver will pay for the same coverage at the same company a completely different price!

How much is car insurance for a 2002 Ford Mustang in 2023? As you can see below, the lowest rates are around $1840.4, while the highest ones fluctuate around $3864.84 yearly. This price is influenced by many factors, and no single insurer can claim to be the low-price leader.

Insurance Company	Annual Rates (Estimate*)
GEICO	$1,960
American Family	$1,914
Erie	$1,912
Progressive	$2,253
State Farm	$2,481
Auto Owners	$2,205
State Auto	$2,613
Nationwide	$2,542
Farmers	$2,218
Allstate	$3,145
Safe Auto	$3,329
MetLife	$3,552
Victoria	$3,769
Allied	$2,659
Liberty Mutual	$3,171
Encompass	$3,948
* Just a rough estimate for 2002 Ford Mustang, Convertible

How to reduce your insurance premium costs?

Many people forget that the type of a car you get (model Mustang, make Ford) can have a huge impact on your car insurance costs. Some vehicles, such as: Honda Accord 2023, Toyota Corolla, Ford pickup, Nissan Altima, Toyota Camry 2021, Honda Civic, Ram pickup, Nissan Maxima, Dodge Caravan, Chevrolet pickup, Acura Integra, Cadillac Escalade and many others, are big targets for thieves (at least in 2016 - 2018). A higher deductible for your Ford, Mustang will also reduce your premiums because you pay more out of pocket if you have a claim. If you haven't had a traffic violation within 3 and more years and have a very good driving record a higher deductible might be a good bet. So, how can you reduce your insurance policy payments?

• Don't ignore small regional insurers.
• Review your existing coverage and choose a higher deductible.
• Shopping around is the key to saving money on car insurance.
• Negotiate with an agent or directly with auto insurance company.
• Check for 2002 Mustang car insurance discounts: good/safe driver, good student, multi-policy, homeowner (bundling).
• If you don't qualify for these discounts, explore other options available or switch the insurance company.
• Remember, that having a bad driving record, poor credit score or being a young driver (teen) is considered a risk by all insurance companies.

The most and least expensive 2002 Ford Mustang auto insurance rates by state!

How to calculate premium for Ford Mustang (2002) car insurance online? By using our insurance calculator, you can determine and calculate the cost of your insurance policy, check the average rates of car insurance for your age and location and find out if you are paying more or less than other people in your area. By reading the table below, you can compare the most and least expensive states for 2002 Mustang (Convertible) car insurance. Calculate your price online and get a free car insurance quote without using sensitive personal information such as your age, credit score, phone number, email or social security number (SSN).

Rank	State	Lowest Rates	Highest Rates
1	Vermont	$1,380	$1,932
2	Ohio	$1,399	$1,969
3	Idaho	$1,436	$2,024
4	Virginia	$1,491	$2,116
5	Iowa	$1,546	$2,190
6	New Hampshire	$1,620	$2,227
7	Wisconsin	$1,638	$2,282
8	North Dakota	$1,675	$2,411
9	Indiana	$1,712	$2,540
10	North Carolina	$1,748	$2,632
11	Pennsylvania	$1,767	$2,779
12	Utah	$1,804	$2,816
13	Maine	$1,822	$2,871
14	Massachusetts	$1,859	$2,926
15	Alaska	$1,877	$2,963
16	Tennessee	$1,896	$3,037
17	South Dakota	$1,914	$3,202
18	Nebraska	$1,932	$3,294
19	Minnesota	$1,951	$3,350
20	Illinois	$1,951	$3,405
21	Hawaii	$1,969	$3,478
22	Alabama	$1,988	$3,534
23	Oregon	$2,006	$3,589
24	Missouri	$2,024	$3,718
25	Washington	$2,116	$3,846
26	South Carolina	$2,135	$3,938
27	Kansas	$2,190	$4,012
28	New Mexico	$2,227	$4,104
29	Arizona	$2,282	$4,141
30	New York	$2,319	$4,159
31	National average	$2,393	$4,215
32	New Jersey	$2,429	$4,343
33	West Virginia	$2,503	$4,380
34	Mississippi	$2,558	$4,435
35	Maryland	$2,613	$4,491
36	Montana	$2,687	$4,583
37	Nevada	$2,742	$4,619
38	Arkansas	$2,779	$4,693
39	Kentucky	$2,797	$4,767
40	Oklahoma	$2,889	$4,822
41	Wyoming	$2,945	$4,859
42	Colorado	$3,018	$4,951
43	Texas	$3,073	$4,987
44	Delaware	$3,147	$5,061
45	Georgia	$3,221	$5,080
46	California	$3,294	$5,135
47	DC	$3,350	$5,172
48	Connecticut	$3,423	$5,227
49	Rhode Island	$3,460	$5,245
50	Florida	$3,515	$5,356
51	Louisiana	$3,589	$5,429
52	Michigan	$3,662	$5,521
* Compare 2002 Ford Mustang car insurance rates by location and find out who has the best insurance quotes in your area in 2022 - 2023! Only rough calculation for adults with good credit score, driving history and accident-free driving. Choosing an auto insurance company is difficult, your actual rates may vary since the cost of your policy is influenced by many factors.

Car Insurance for Teens, Young Drivers, Students, Seniors

Is it a good idea for a young driver to drive a car like 2002 Ford Mustang (Manual transmission, 3500 rpm)? For insurers, teens are some of the high-risk drivers so you can expect car insurance rates to go up when you add a teen driver to the insurance policy. As you can see below, the average Ford Mustang annual insurance cost for a 16 year old is approximately $4232.92, while the cost of the same coverage for seniors aged 70 - 74 is $1950.824. How to lower car insurance rates for high risk drivers (teens, college students, new drivers, convicted drivers) is a very common question. There are a few tips. You can ask your insurance company for a low-mileage discount and usage-based discounts. Also choose a car wisely (Ford, Mustang have 4601 cc, 395 ps) and add your teen to your policy. Consider to increase your deductibles and adjust your existing coverage. Being younger than 18, 21, 25 years old means, you are statistically present a higher risk to insurance companies. How to save money on student car insurance?

Your Age	Average Rate (Estimate*)
16 - 19	$4,049
20 - 24	$3,938
25 - 29	$3,313
30 - 34	$2,853
35 – 39	$2,301
40 – 44	$2,393
45 – 49	$2,190
50 – 54	$1,914
55 – 59	$2,356
60 – 64	$1,969
65 – 69	$2,061
70 – 74	$1,859
75 and more	$1,914
* Rough estimate for teens, adults and seniors who are driving Ford Mustang (2002)

Some insurance companies and brokers rewards students financially for doing well in school, while others prefer students who complete an approved driver's education course. As you can see in the above table, people between the ages of 60 and 75 are statistically risk-free drivers and can pay less than $1,564 annualy. What kind of car insurance discounts for seniors are available? Most car insurance companies offer reduced auto insurance rates to drivers who are over 50 years of age. It means, people over 50 - 60 are eligible for senior discounts. Is Ford, Mustang good for senior drivers? If you have questions or issues relevant to Ford Mustang or another vehicle, please ask in the discussion.

You know you need to insure your 2002 Rear Ford, Mustang, but do you really know, how much should you pay for your coverage every month or year? Ask for quotes from multiple companies

Ford Mustang: Exterior Specs, Features & Options

The engine of Ford, Mustang (8 cyl) is mated to a Manual transmission, that in this case, sends power to the Rear. Mustang Convertible, 4601 CC (liter), 395 ps (98.6% of a brake horsepower) is matched to an Convertible for 2002. The truth is that horsepower sells cars, but torque wins races! Some car insurance companies find that cars with a higher horsepower (Ford, Mustang has horsepower of 395 ps & 4601 cc's = cubic capacity measured in cubic centimeters) are involved in fewer auto insurance claims than those with less horsepower and torque. On the other hand, when a higher horsepower car is involved in a car accident, they usually cause more serious damage to others, which can affect car insurance rates. Model Convertible has an engine torque of 529 nm & 3500 rpm. The power and maximum speed of the Ford Mustang vehicle (sorry, we do not know how fast will Ford, Mustang accelerate to 100 km per hour/100 Kph & sorry, we do not know the maximum speed of Ford, Mustang Kph top speed) are a powerful marketing tool, but for technically demanding drivers, it's the mass of the car (1482 kg is the weight of this model), its engine torque and the engine rotation speed.