Why is the insurance so expensive for a 23-year-old on a Dodge Challenger?

I want a 2019 Dodge Challenger. I'm 23 years old with a spotless driving record. Why is my insurance so expensive?

Apr 23, 2021
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Eric Schad
Answered at Apr 23, 2021
“Since you’re under 25 and you want a sports car, your insurance is going to be pretty expensive. Younger drivers are viewed as being riskier to insure, and a high-powered sports car just adds to this perceived risk.
A monthly rate of $500 or more is probably about what you can expect, and this number will go even higher if you’re financing. If you take out a loan, the lender will require you to get collision coverage and comprehensive coverage, pushing your premium up.
Therefore, you might want to think about buying an older vehicle or one that’s more economical to avoid the expenses associated with full coverage on a sports car. Whatever car you buy, sign up with Jerry to get quotes from up to 45 top insurance companies in seconds! “
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