The majority of cost risk in insurance is that of third parties, not the value of your own vehicle.
People often say "the insurance costs more than my car is worth!" as if it's scandalous. But what it's insuring you against, primarily, is the risk of paying millions of $CURRENCY in medical fees to the third party. Your car's value is peanuts in comparison.
I have always maxed out my liability insurance (what my insurance company would have to pay others in case it was my fault), and I have a spotless driving record, and it has always been $40 to $50 per month for 5k miles per year.
Comprehensive and collision, what your insurance company pays you regardless of who is at fault, is what cases insurance to be expensive in my experience.
