Assume i’m 27 and i have a relatively clean driving record. A no fault accident at 16, and a speeding ticket at 22 are all i have.
At age 27 i might want to buy a 3 year old a Mercedes-Benz C230 (i just discovered that a 3-4 year old C230 is only about 4-5k more than a non-luxury car). How would this affect my insurance rates? would there be a permanent jump in insurance? How does the insurance jump work exactly if the car is only worth $15k?