[OAC_Sparky]

(06-12-2010, 09:13 AM)NefCanuck Wrote: and of course in all these conversations there is the 5,000lb elephant in the room that no one talks about:

The cost to insure a V6 Stang vs. a GT, at least in Ontario

If prior history is anything to go by, grab your ankles when trying to insure a GT if you're a young (or even young-ish) driver as compared to the V6.

NefCanuck

Actually, insurance rates will surprise you. The quote my insurance gave me on a GT was exactly the same as what I pay on my Focus now ($1300/yr). That's because the Mustang is a "safer" vehicle and is less likely to be written off in an accident. Of course that also has a lot to do with my age and a clean driving record.

The V6 was only $100 less a year. And that is more based on replacement cost than anything. ($25G vs $40G)

I think you'll find that the difference between the V6 and the V8 will make less of a difference when it comes to insurance, because the damages caused in an accident are relatively the same. Also, because most young people can't afford a Mustang (GT at any rate), the accident rate would be somewhat lower than, say, a Focus. Kind of a circular argument -- kids can't afford Mustangs so the accident rate is lower for the vehicle so the prices are cheaper.

As for young people with bad records, you probably can't afford the insurance on most new cars; whether it's a Focus, a Mustang or whatever.