>>>Yes that is true. I'm paying $3800+ a year to insure mine with a clean driving record - and that was a good deal because everyone else wanted over $4400 a year and most won't even insure it.
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>>I realize that a car not as common as a Rabbit might have more expensive insurance just because there is no template to compare to, but that is crazy. Over here you would have to contact several insurerances (the cheapest will not insure special cars), but you could find full coverage (including coverage for theft,fire+weather, up to 1/5 of total cost AND coverage for own repair cost of accidents you are responsible for, typically ~2/5 of total cost) between 2000 an 2500€ at 100% (no discount or hike because of driving history).
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>>Your driving history can result in a factor between 22% (over 30 years without causing an accident) and 250% (causing several accidents shortly before) in our insurance system, but this factor is not calculated when calculating theft risk/cost.
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>There are several factors that cause the insurance rates on these cars to be so high (and I was aware of all this before I bought the car). First - it's a mid-engine 2 seater sports car - so that up's it right there because often people who own such a car have a tendency to drive them fast. Plus - the whole car is made of fiberglass and aluminum and the front clam is 1 piece as is the rear clam. So if you bump it - well no matter what you just did $10,000 damage at least because now you have to replace the clam, and they're 10k a piece plus labor. If you do any other damage to the all aluminum chassis of the car (you can google this - it's not built like any other car on the road) - you've destroyed the car to the point you can't fix it so it's totaled. I'd say that probably 25% of these cars on the road have a 'salvage rebuilt' title because someone bumped it and the insurance company decided to pay for the car instead of paying to fix it - then auction the car off to someone willing to replace the clam(s). It would appear that many of the guys that buy them do not have the proper skill set to drive them. I've owned mid-engine 2 seater cars for over 30 years and have gone to Bondurant School of High Performance Driving as well as Skip Barber Racing School plus I grew up with a father with and extensive road-racing background so I learned a lot from the time I was born - so hopefully I will not crash mine. The cars are difficult to master - too fast into a corner, you spin. Too fast out of a corner you spin. Slow too much in a corner you spin. And it happens very quickly so recovery when you start to spin is very very tricky to learn and almost impossible even with practice. I've only had it for 1 year and have not put it on a track yet - but I think by next season I will be comfortable enough with it to do a few track-days with it. Tell ya what - the thing is fun fun fun fun to drive hehehe I have a smile on my face every time I'm in it and I'm always turning around to look at it after I park it cause it looks cool too.

Cost risk of repair for own car should at least be calculated with the risk known through driving history. Risk of driving mid-engine cars at limit is considerable, but also clearly connected to personal style estimateable via driving history.
Theft risk as a special car somewhat higher than run-of-the-mill cars, but only if intending to drive for fun or sell as whole, not the more and more growing part of thefts for parts.

I am pretty certain that with my driving history I could insure for ~650$ (at 23% for good history) in my town, which has a small cost added for high traffic density.