When teen drivers go crazy

This post comes Des Toups at partner site CarInsurance.com.

British Columbia Mounties last week arrested 13 young drivers for street racing and impounded their rides -- supercars together worth north of $2 million.

We admit it: We smiled a tiny bit.

The drivers -- 12 males and one female, all age 21 or younger -- reportedly exceeded 120 mph on Vancouver's busy Highway 99. Witnesses said the group blocked lanes to clear a path, allowing the rest to race ahead.

Vehicles ranged from the $326,000 Ferrari 599 to a $183,000 gullwing-doored Mercedes-Benz SLS to the comparatively plebian $89,950 Nissan GT-R. Mounties also seized three Lamborghini Gallardos, each of which has a claimed top speed of 202 mph.

Six of the drivers involved still had "N" licenses marking them as novice drivers under the province's graduated licensing system, police said.

If your peevishness meter isn't already pegged, consider this: Police lacked video or radar evidence necessary for a charge more serious than "driving without due consideration for others." All of the cars were impounded for a week, and the drivers fined about $200.

Perhaps the only consolation for those of us who lack the funds to provide supercars to our children is that all but one of the cars was registered to someone other than the driver involved.

And the next insurance bill will be a whopper.

Obviously, U.S. insurance regulations differ quite a bit, but we ran some numbers to get an idea of what happens when your kid goes street racing.

A Seattle 20-year-old with a clean record driving a Nissan GT-R would be offered insurance quotes from $2,950 to $3,630 a year. We found only one insurer willing to take a chance on that same driver with a reckless-driving conviction on his record. The bill: $5,746. A Mercedes SLS? That's $1,564 to $3,878 with no violations -- and as much as $6,052 with a street-racing conviction.

Our inner disciplinarian cheers.

More on CarInsurance.com and MSN Money:

• What a teenager does to your insurance rates
• Are US teens the world's worst-trained drivers?
• Why you're a bad driver and I'm not
• How does your vehicle compare on insurance rates?
• Best safety advance since seat belts
• Driverless cars: Around the corner?