Insurance costs for a V6 for a 16 year old?
My parents had made a deal with me if I was to get a certain gpa, I could get a V6 Mustang or Camaro. I've definitely decided on a 2013 Mustang, but the insurance costs are my problem. They got a quote for a V6 and they said it ranged from $400-$500. I find this extremely hard to believe even if I'm 16 and will "hot rod." That's more than the car payment itself. My parents' CLS500, Range Rover Sport Supercharged, and Grand Cherokee (all V8s) come out to about $200 a month combined. Can anyone confirm this price?