Insurance on my Smart was only a few bucks more than on my SUV or on the Grand Am. They take into account purchase price, safety, age of the driver, and a million other factors, but you're looking at average pricing for a good, safe, sedan. I pay about $80/mo for full coverage and 300k liability (legal minimum won't cut it anymore). But, I've got 17 years of driving history and only three speeding tickets during those years. As a brand new driver in L.A., I was spending $350/mo back in 1992. The insurance companies consider new drivers very high risk and will charge a lot more; get as many family discounts as you can.
Get at least 4 quotes from different companies... Geico says they'll save you money, but their online system quoted me $300/mo when State Farm and Farmers were $80/mo. That gecko's sneaky. Or the computer hated me. Probably the latter... I program them, so they hate me. It keeps everything in balance.