I paid more than that when I was a teenager because insurance companies assumed I'd be street racing like all teenage boys apparently. It took less than a year to spend more on the insurance than I did on the car. Of course the cost of your own car barely counts in insurance rates, which are dominated by healthcare costs for the people you hit but don't quite kill.
Annoyingly I never made a claim so all of that money was wasted in the end.
Annoyingly I never made a claim so all of that money was wasted in the end.