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The Cheapest Challenger, Mustang, And Camaro Insurance Rates Vary Depending On Their Trims

2020 Ford Mustang Shelby GT500 Review Emissions Fuel Economy CAFE Regulations EPA
Photo copyright Matheus Pach,

When it comes to insuring a car, it’s no secret the more fun the vehicle is, the more expensive it’s going to be to insure, but is that really the case? It just might be possible to have more power under the hood of your muscle car and still have affordable insurance as the Ford Mustang, Chevrolet Camaro, and Dodge Challenger muscle cars are pitted against each other to compare insurance costs for a year. 

Motor Trend worked with to run a collective of insurance rates on these three American muscle cars based on national averages for a single, 40-year-old male that has a clean driving record, good credit, and a 12-mile daily commute. Policy limits are $100,000 for injury liability for one person, $300,000 for all injuries, and $50,000 in property damage, with comprehensive and uninsured motorist coverage and a $500 deductible.

Here’s what they uncovered:

2022 Chevrolet Camaro 1LT V6 Turbo
Image via Chevrolet

Chevrolet Camaro Cheapest To Insure Among Base Muscle Cars

It’s important to remember that prices differ from person to person with insurance, but these numbers will give a general idea of what to expect. While entry-level muscle cars only have V6’s beneath the hood, they still generate some power, and you still get the look of an iconic vehicle. The Challenger SXT produces 303 horsepower and costs around $2,000 to insure annually. The Ford Mustang Ecoboost produces 310 horsepower and costs $1,850 annually. Last but not least, the Comaro 1LS doesn’t have nearly as much as the other two at 275 horsepower, but it’s only about $1,732 to insure, making it the cheapest of the three entry-level vehicles. 

2021 Dodge Challenger Super Stock Hellcat
Image via Dodge.

Dodge Challenger The Most Expensive V8 Muscle Car To Insure

The V8 engine is what people look for when planning to purchase a muscle car, and while the price to insure the vehicles will be higher, the results may be surprising compared to the base models of these three contestants. The Dodge Challenger R/T has 375 horsepower and is the least powerful of the three, and interestingly is the most expensive to insure at $2,091 annually. The Camaro LT1 comes in second at 455 horsepower and $2,012 annually. Lastly, the Mustang GT produces 460 horsepower and costs around $1,951, about $100 more than the EcoBoost option. 

2020 2021 2022 2023 2024 Chevrolet Camaro SS
Image via Chevrolet

Camaro SS Cheapest To Insure Among ‘Special Trims’

Getting into the fun packages of the three muscle cars increases the price and the cost to insure them. The Challenger R/T Scat Pack has bigger brakes, some design details, and 485 horsepower; it continues to hold the title of the most expensive to insure so far at $2,329. The Mustang Bullitt produces 475 horsepower and costs around $2,247 to insure. The least costly is the Camaro SS which produces 455 horsepower, has upgraded cooling, a sporty spoiler, tinted taillights, and comes in at $2,016, which is only $4 more than the Camaro LT1

2020 2021 2022 2023 Ford Mustang Shelby GT500 Review
Image copyright Matheus Pach, Muscle Cars & Trucks.

Ford Mustang Shelby GT500 Cheaper Than Hellcat, Camaro ZL1

Lastly, most certainly not least comes the tough ones. The muscle cars the base trims dream of growing up to be, with the most power and premium prices to boot. The Dodge Challenger Hellcat Redeye produces 797 horsepower and costs about $3,282 annually to insure. The Camaro ZL1 is the least powerful of the three with 650 horsepower but falls in the middle with its insurance premium, falling between the Mustang Shelby GT500 and Challenger SRT Hellcat at $2,539 annually.  The Ford Mustang Shelby GT500 has slightly less power than the Hellcat with 760 horsepower, but it only costs $2,488 to insure, which is about $241 more than the Bullitt, and about $800 less than the Mopar. That’s a set of tires for a track day.

These three American icons all have their pros and cons in comparing power and cost to insure. Interestingly the Dodge Challenger was the most expensive across the board, while the Ford Mustang GT and Shelby GT500 revealed that power doesn’t always mean a higher insurance rate.

2020 Ford Mustang Shelby GT500 Review
Image copyright Matheus Pach, Muscle Cars & Trucks

Written by Zac Quinn

Zac's love for cars started at a young age, after seeing the popular Eleanor from Gone In 60 Seconds. From there, fascination and enthusiasm blossomed and to this day the Ford Mustang remains a favorite. His first job started out detailing cars, but also provided the opportunity to work on restoration including an 1968 Ford Mustang, Pontiac Firebird, and a C3 Corvette, though he left that job before further work and experience could be had. From there, he was a detailer at a car dealership before quitting that job to try and finish college.

Much of his free time while studying was spent watching YouTube videos regarding new cars, or off-roading. 4WD247 is a personal favorite channel which rekindled a dying flame in car enthusiasm, now tailored towards trucks and SUVs and the fun that can be had building up an overlanding rig, and going on adventures, though, that chapter remains unwritten for the time being.

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