What Is the Cheapest Muscle Car To Insure?

The muscle car segment has three main contenders: the Ford Mustang, the Dodge Challenger, and the Chevrolet Camaro. Many purists would call the trio a group of pony cars, but they are still fundamentally muscle cars. Still, people constantly compare the vehicles in everything from speed to horsepower to price. However, which of the big three is the cheapest muscle car to insure?

How much does it cost to insure a new Dodge Challenger?

Insuring a 2022 Dodge Challenger R/T Scat Pack will cost a national average of around $2,380 per year. Of course, that number is dependent on driving history, geographic location, gender, age, and more. If you opt for a Pentastar V6-powered option like an SXT, you’ll pay closer to $2,073, saving over $300 per year. 

The Dodge Challenger is a contender for one of the cheapest muscle cars to insure, like the Mustang and Camaro.
A lime Dodge Challenger R/T Scat Pack | Michael Brochstein, LightRocket via Getty Images

How much does it cost to insure a new Ford Mustang?

Insuring a 2022 Ford Mustang GT will cost a national annual average insurance rate of $1,932. That makes it on average cheaper than not only the V8-powered Challenger but also the V6-powered model. 

Numbers get a bit odd with the four-cylinder Mustang EcoBoost. According to Insure.com, the convertible EcoBoost has a national average of $1,808, but the coupe comes to $1,979. That means that insuring an EcoBoost might cost even more than the ferocious V8-powered GT.    

The new Ford Mustang, like the Camaro, is a contender for the cheapest muscle car to insure.
A Ford Mustang | Ford

The cheapest muscle cars to insure: how much does it cost to insure a new Chevrolet Camaro?

It will cost a national average of $2,108 to insure a Chevrolet Camaro SS coupe. However, the numbers are a bit more reasonable with the convertible variant. The soft-top Camaro SS has a nationwide average of $1,901, making it over $200 cheaper to insure than the hard-top version. 

Furthermore, insuring a four-or-six-cylinder Camaro is the most painless option on the list, with the average for the Camaro 1LT Coupe at $1,747 annually. The price for the convertible is three dollars less than the coupe. 

Which versions of the cheapest muscle cars are the most pricey to insure?

The Chevrolet Camaro ZL1 is the cheapest muscle car to insure with a supercharged V8.
Chevrolet Camaro ZL1 | Chevrolet

As you might imagine, each muscle car’s special editions and supercharged V8 versions are the most pricey to insure. For example, the venerable Dodge Challenger Hellcat costs more than a Porsche 911 to insure on average. That newest Hellcat has a national average rate of $3,528, according to Insure.com

Compared to the Hellcat, a Ford Shelby Mustang GT500 is an average of over $1,000 less to insure annually. The news is even better for fans of the sharpened, track-ready Chevrolet Camaro ZL1. The supercharged V8 ZL1 has an annual national average of $2,495. Close, but still cheaper than the Shelby

Should avoid muscle cars?

Of course, you shouldn’t avoid muscle cars. Consumers should just budget and pay attention to the insurance rates for the muscle car they’re buying. The Ford Mustang GT is the cheapest option for those looking to get into a reasonably priced V8-powered muscle car. However, the Chevrolet Camaro has the cheapest average rates for both bottom and top-tier offerings. 

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