Insurance Rate

[hancock1701]

I've had only one accident, which I was at fault for rear ending somebody recently in my Accord, and the rate went from $800 to ~$1200/6 months for my Boxster because of that. The policy we have is 4 drivers, 5 cars. Full coverage on all 5 of them. The cheapest ones are my dad's 2006 Honda Odyssey ($160) and my Accord ($180). The other two are a 2012 Hyundai Genensis and a 2014 Lexus CT200h, both are $500/6 months.

[Giller]

First, I find it hard to believe you can find ANY insurance for only $26/month that you claim for your honda. That's seriously crazy low unless you have virtually no coverage.
Anyways - it must be to do with age. Sportscars are certainly going to cost you way more than a Honda when you are under 25. It's not the value of the car - it's the power and perception. It's assumed anyone under 25 buying this type of car is going to do one thing and one thing only.
And with an at-fault accident already - yeah, you will be charged a lot of a performance car.

[rexcramer]

Being young is expensive. I just paid $249 to add a 97 base 986 to our full coverage policy as a third car 2 driver household. Our insurance company requires us to estimate our yearly mileage and our price was based on 3K yearly. I know we will go over that, but they have yet to ever verify any of our mileages. We have a 2008 Volvo S60, 2003 Mazda B3000 and a 97 Boxster. We pay +/- $1,300.00 yearly for full coverage with additional higher coverage limits and a $1,000.00 deductible. (Wawanesa)