if i am 16 years old how much would my insurance be on my own for a gt 2005 ford mustang?

Asked by Jun 05, 2012 at 08:42 AM about the 2005 Ford Mustang GT

Question type: Shopping & Pricing

i really love mustangs <3

28 Answers

257,525

Expensive. Some insurance company's won't even insure you based on your age. Your best bet is to call around to the insurance companies like the Geico's and Progessive's and get some quotes before you cuy the car. Not sure what state you are in , but for a Jr. license and a high horsepower car my estimate will be $2000 avg. a year.

17 of 17 people found this helpful.
5,035

With collision and comprehensive (required on most auto loans) most likely 2000 to 3000 per year with high deductables Without collision, easily half that.

3 of 3 people found this helpful.
275

It wil cost about 2x the monthly car payment!

8 of 8 people found this helpful.
55

Depending on what state your in, if you are willing to take a on-line drivers safety course or even see if your parents are willing to put under their insurance, your premium would be high as this Mustang Gt falls into a different category when it comes to insurance. Liability. Best regards, Mustang Indy

3 of 3 people found this helpful.
3,025

too much!!!!!

3 of 3 people found this helpful.
5,035

850 T5 or S70 T5 Volvo if you want speed, safety, and reliability.

2 of 2 people found this helpful.
100

way too much.......

4 of 4 people found this helpful.
205

im also 16 with a GT. I comitted to it and went for the V8 5-Speed my insurance is 140 per/mo for just basic liability on it. Good luck with the newer stang though that will surely cost more

18 of 18 people found this helpful.
505

$2,500 a year. It is best to look into getting a co signer if you can. Because if you have a loan on the car you are required to carry full coverage on the car until you pay it off.

4 of 4 people found this helpful.
1,045

if u have a good insurance agent (and nice parents) they should check to see which car in ur family is cheapest to be under YOUR name in the insurance....my insurance put me on my moms Prius and my dad on my Trans Am because it would be cheaper, i just paid my parents for MY cars insurance, went from 1200 a year down to 900 a year just by having a more 'experienced' driver

4 of 4 people found this helpful.
75

it'll probably be around 2-3 thousand at least until youre 18 then it'll slowly drop. but insurance will be high due to age amd sex, so being a male and 16 = high

4 of 4 people found this helpful.
35

... corporate irresponsibility, the most uncontrollable, ill-handling vehicle in North America, a vehicle even professional drivers have immense difficulty with, no other vehicle does more property damage on this continent, than Ford's Mustang. After a 16 year old's first traffic ticket in his V8 Mustang GT, expect insurance to spike, well over US$3 thousand, to as high as US$5200 per annum. That a 16 year, old having incurred a 2nd traffic infraction or an accident in his V8 Mustang, will subsequently render him uninsurable, even for an economy subcompact, even the most obtuse of parents would have no choice but begrudging concede, putting the boy in a subcompact made good, in the first place --

1 of 1 people found this helpful.

I need cheap insurance for a 17

20

How much would it be for a 2015 Ford Mustang for a 16 year old

2 of 2 people found this helpful.
26,785

You're too young for that car...get a bus pass or a Honda Scooter...meep meep!!

5 of 5 people found this helpful.
75

your looking at 2500 per 6 months with like a 500-1000 deductable sry get a honda

4 of 4 people found this helpful.
75

being 16, you should be smart about your first car and not jump into a GT as insurance will be more expensive than your car payment. Start out with something a little more economical and work your way up to a GT.

5 of 5 people found this helpful.
295

I'm not sure there are enough hours in the week to pay for your insurance, but count on a minimum of $100 per month up to $250 depending upon your location, driving record, grades, etc. Brian has the best suggestion. Youth and inexperience, generally does not mix well with a high performance car. If you love Mustangs, check out an older model 6 cyl, and work your way up. You will probably live longer also.

8 of 8 people found this helpful.
395

Bring your personal lube and be prepared to have it hurt to sit down for a few day.

15 of 15 people found this helpful.
10

Im in the same position bud. Im buying a 2004 wrx and working my way up to a 5.0 302ci mustang its better than that 2006 3 valve. Save up im tellin ya and just wait till youre older like 19 or 20 trust me. Plus those early 2000 mustangs are a pain . They always need fixin

1 of 1 people found this helpful.
10

How much would insurance be for me I'm 17 years old and looking to get a 2003 mustang base V6 with 130,XXX miles. Any ideas on what the insurance would be

1 of 1 people found this helpful.
40

David, I'm 17 and buying a 06 v6 standard mustang. My monthly insurance costs for full coverage are $86 or $1032 annually. I have erie auto insurance and the cars titled under me and my mom. I was quoted $68 a month or $826 annually for a 2006 mustang gt deluxe automatic with 170k miles for full coverage. However for a 2005 mustang gt deluxe automatic with around 100k miles I was quotted $218 a month or $2618 annually for full coverage. Not sure what rip off company these other tards are with. Don't listen to em or let them discourage you. If you could find a 2005-2006 mustang gt with 130k or more miles that you know was well maintained, buy it. Or buy almost any year v6. The mileage affects the cars value and thus influences the insurance quote.

4 of 4 people found this helpful.

I'm 17 years old and I want to know how much would I pay for a mustang 1967 fastback

I am a 20 year old male and have had 2 v6 mustangs one being a 2005 and the one I have now is a 2012. However I am looking to sell it and get 2007 or 2008 GT just to have that V8 rumble. Anyone have any ballpark numbers on what my insurance would be?

79,415

Dudes! Call an insurance company! All we can say here is a young male buying a muscle car is going to pay a LOT!

3 of 3 people found this helpful.

Pop

I'm 18 and I pay 300 a month for full coverage. I drive a 2006 gt convertible mustang. That's my experience.

Alright I'm 15 year old female I'm looking into buying a 2005 mustang convertible, on a estimate how much will insurance be? My parents are paying for it as long as I buy the car.

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