Quote:
Originally Posted by moniz
Don't know where you live, but around here an 18 year old male, with a brand new V8 muscle car such as a Mustang GT will pay at LEAST $4000/yr for insurance, and that's being conservative. Pretty sure it would be easily north of that. Insurance rates around here, especially for males under 25 is ridiculously expensive, and why you see most of this demographic either scamming/lying (ie: its the parents car  ) to drive a sports car, or driving more basic cars until they break through the 25 barrier. |
Keep in mind that I was 18 years old about 20 years ago. Back then, I think I was paying like $1200/year for full coverage on my Mustang GT with a $500 deductible. It wasn't exactly cheap, but it was relatively affordable.