« Corvette Story | Main | You'd Be Smiling, Too, If This Were Your Lamborghini »
February 23, 2005
Fast Car + Young Driver = $$$
Young drivers pay from $3,600 to over $10,000 a year for car insurance. The faster your car, the more you pay.
“When it comes to auto insurance, I feel bad for young people, they haven’t got a chance,” states Cathy Ryan, an independent agent for Hudson & Muma, an insurance company in Detroit.
A college student living near a big city, such as Los Angeles, New York, or Chicago, who drives a sports car such as a Mustang convertible and has a DUI (Driving Under the Influence of drugs or alcohol) or DWI (Driving While Intoxicated), will get rated as a high insurance risk. Add a speeding ticket or two, as well as an accident, and you’re looking at paying the highest insurance rates possible.
Even if you are a good driver who happens to sit behind the wheel of a sports car, watch out!
|
Related Products: |
Read more from this blogger: |
Posted on February 23, 2005 11:48 AM by Car Fi46.
Filed in Fast Cars under car finance.
Permalink 
| Comments (0)
