Ford Mustang Mach E Car Insurance Rates

The Mach E, Ford’s all-electric SUV, is a welcome addition to the Mustang range. The only thing the Mustang Mach E has in common with previous Mustangs is the name, but this crossover electric SUV is nevertheless anticipated to make an impact. Insuring an electric car like the Ford Mustang Mach E may be costly because of the high cost of the vehicle itself. Ford Mustang Mach E car insurance rates an average of $2,880 in insurance costs per year for Mach E drivers. Annual insurance costs are anticipated to be 6.5 percent of the base price, which is more than the national average of 4 percent but in line with other sporty electric cars. This vehicle is scheduled to start at $43,895.

How do I compare insurance for the Mach E?

Ford Mustang Mach E Car Insurance Rates - Ford Logo

With more costly components and greater vehicle expenses, electric car insurance is more expensive than gas vehicle insurance. In addition to the Mach E’s all-electric design, the following aspects influence insurance rates: age, gender, location, and mileage.

  • Body type. The Mustang Mach E is the brand’s first crossover SUV. In general, insurance costs for crossover SUVs are among the lowest of any vehicle class, but the electric motor partly balances those cheap insurance prices.
  • Fuel. The Mach E is expected to have a range of up to 300 miles, making it one of the most powerful SUVs on the market. While it’s great to save money at the petrol pump, electric cars may be more expensive to maintain because of the more complex electrical systems.
  • Theft rates are quite high. Given the fact that this is Ford’s first Mustang-branded SUV, insurance firms have nothing to go on when rating it. However, compared to gas-powered SUVs, electric SUVs have reduced theft rates.
  • Maintenance. The Machine will cost you a lot of money in the long run in terms of upkeep. Compared to gas-powered cars, Ford SUVs have greater maintenance expenses, and electric vehicles are more expensive.
  • Coverage. With a starting MSRP of $45,000 and an optional MSRP of $60,000, you’ll want to be sure you have full coverage insurance for the Mach E. Included in this are both collision and comprehensive coverage, in addition to adequately high liability limits. You should also think about obtaining uninsured motorist property damage coverage of at least $50,000 to cover the whole cost of the vehicle.
  • Warranty. A 100,000-mile warranty and an eight-year powertrain warranty are among the many Ford electric car warranties. Roadside help is included for five years or 60,000 miles, so you won’t have to buy it until you hit one of those mileage thresholds.
  • Offer from the manufacturer. In addition to the $7,500 federal tax credit for buying an electric car, Ford will provide several special incentives for the Mach E. See what you may get from your local Ford electric car dealership by contacting them.

How reliable is the Mustang Mach E?

Although the Mach E’s official safety ratings have not yet been published, you may assume that they will be on par with or even better than the ratings for the Ford Escape.

  • Safety. The Insurance Institute of Highway Safety awarded Ford’s 2020 Escape its Top Safety Pick designation, while the NHTSA gave the 2019 model a perfect score of 5 stars. Similar safety ratings are expected for the Mach E.
  • Reliability. J.D. Power gave the 2020 Ford Escape a dependability rating of 3.5 stars out of 5, although this may not have an impact on the all-electric Mach E’s rating. You should be able to count on it having a 3-star dependability rating at the very least.
  • Recalls. Ford does recall a variety of models from its portfolio from time to time. Considering that the Mach E is the company’s first all-electric SUV, it’s possible that a recall may be issued for it.

Bottom line

Ford’s first all-electric SUV, the Mustang Mach E, is now available. Despite being marketed as a Mustang, the Mach E isn’t your typical Mustang. While the Mach E’s range per charge is impressive and its safety features are top-notch, it’s important to keep in mind that the insurance rates may be prohibitively high.

You may check out our review of Tesla Model Y Insurance Rates.