What’s Cheaper to Insure: Chevy Camaro V-6 or Ford Mustang V-6?
The Fourth of July has passed, but what better way to celebrate our nation than to reflect on two of our favorite cars — the Chevy Camaro and the Ford Mustang. Since our second love here at CoverHound is insurance, we’re comparing the insurance costs between the two American classics. So what’s cheaper to insure: the 2012 Chevy Camaro V-6 or the 2012 Ford Mustang V-6?
First, it’s helpful to remember what makes some cars more expensive to insure than others. Besides your personal driving history and credit score, carriers are most concerned with the vehicle: the cost of replacing its parts, safety ratings, likelihood of theft, and damage susceptibility.
The Chevy Camaro earned excellent safety scores, including a top 5-star rating in government crash tests. Though the Camaro performed well in NHTSA front- and side-impact tests, one small cause for concern is the car’s very small window size, which supports the sleek design drivers love but also limits visibility — an obvious concern for insurers.
While the Ford Mustang’s exterior design may earn rave reviews, the safety ratings haven’t been as stellar. One complaint from drivers that keeps coming up is the protection for passengers in the back seats — especially in the head/neck department. This is of understandable concern for insurers who do not want the large medical bills that stem from serious injuries.
Accordingly, the 2012 Ford Mustang V-6 is, on average, 6.9% more expensive to insure than is the 2012 Chevy Camaro V-6.
In terms of ranking factors for insurers, the Mustang and the Camaro are relatively similar. Both zip along in a marketplace filled with available OEM parts and are coveted by a large, though often distinct, subset of the population — including thieves who pilfer both cars with decent frequency.
The main difference is in safety ratings, which are linked to damage susceptibility.
Generally, there are Camaro People and there are Mustang People. But for the few folks still deciding on which to buy, it might be helpful to consider that insurance for the Camaro costs, on average, ten dollars fewer every month.
What’s CoverHound? It’s a company committed to building the first brand in insurance shopping that users can actually trust. Consumers can use CoverHound to calculate their personal insurance needs, learn more about top providers — and easily buy the right policy at the right price. Be sure to check out the Coverhound blog for more fun and informative posts.
2011 Ford Mustang photos by Julia LaPalme.