Absolutely spot on.
Div Hunter - seeing as you are intent on bringing overseas studies into this, I suggest a look at the fatality rate in the UK from Road Traffic Accidents (not the NSW road authority!) and the statistics that accompany those from driving lower power cars. You would be getting on for mid 20's by the time anyone would insure you reasonably on a car like that there, for a reason!
BTW - Roy I tried calling but they weren't happy as I woke them up. Words to the effect "piss off back to your keyboard warrior life!"