Ford Mustang Shelby GT500 2-Dr Convertible Insurance Rates

The average insurance rates for a Ford Mustang Shelby GT500 2-Dr Convertible are $1,774 a year with full coverage. Comprehensive insurance costs around $396, collision insurance costs $856, and liability coverage costs around $364. Buying just liability costs as low as $430 a year, and insurance for high-risk drivers costs $3,874 or more. Teen drivers cost the most to insure at up to $6,410 a year.

Annual premium for full coverage: $1,774

Policy rates for type of coverage:

40-year-old driver, full coverage with $500 deductibles, and good driving record

Price Range for Insurance for this Ford Mustang Trim Level

These price differences demonstrate why everyone should compare prices for a specific zip code and risk profile, rather than using price averages.

Use the form below to get rates for your location.

Insurance rates for a Ford Mustang Shelby GT500 2-Dr Convertible also range considerably based on your risk profile, the actual cash value of your Mustang, and deductibles and policy limits.

A more mature driver with a clean driving record and high deductibles may only pay around $1,600 a year, or $133 per month, for full coverage. Rates are highest for teenagers, where even good drivers can expect to pay as much as $6,400 a year. View Rates by Age

Your home state has a huge impact on Ford Mustang Shelby GT500 2-Dr Convertible insurance rates. A driver around age 40 might see rates as low as $970 a year in states like Indiana, Ohio, and Vermont, or as much as $1,790 on average in New Jersey, Michigan, and Montana. Rates by state and city are shown later in the article.

Choosing high deductibles could cut rates by as much as $840 a year, whereas buying more liability protection will increase rates. Moving from a 50/100 limit to a 250/500 limit will raise rates by up to $327 more per year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you may be forking out at least $2,100 to $2,900 extra every year, depending on your age. Ford Mustang Shelby GT500 2-Dr Convertible insurance for high-risk drivers can be around 45% to 132% more than average. View High Risk Driver Rates

Because rates have so much variability, the best way to find out your exact price is to regularly compare rates and see how they stack up. Each insurance company uses a different rate calculation, so the rates will be varied from one company to the next.

View Chart as Image

The chart above shows Ford Mustang Shelby GT500 2-Dr Convertible insurance rates for various risk profiles and scenarios. The cheapest rate with discounts is $984. Drivers who choose higher $1,000 deductibles will pay around $1,492. The average rate for a driver age 40 with no violations using $500 deductibles is $1,774. Selecting more expensive $100 deductibles for comp and collision coverage could cost up to $2,332. High risk drivers could be charged around $3,874. The rate for full coverage for a 16-year-old driver can be as high as $6,410.

View Chart as Image