If you want to go fast without paying high insurance just get a crotch rocket. That way you'll be faster than anything on the street and insurance is low because you can really only kill yourself on one of those. You could also just have some cheap daily driver for when it rains and snows. Yeah, this isn't great advice, but I agree with cltgt, insurance fraud is not the way to go, there are many ways you could get royally screwed over with this option and I highly advise you to pursue a different avenue. Also I think you are going to run into some costly problems if you drop a 5.0 in a ranger. I don't know if the tranny could handle the power, I really doubt it, not for very long anyway. Secondly, there is no way you're going to be able to transfer that amount of power to the rear wheels in a vehicle as light as a ranger without modifying the whole rear end. Then you'll have to modify the exhaust, then get new wheels, cause you can't put a 5.0 on 14's. Maybe you could give us an idea of how much you can spend on this project? Then we can give some better advice.